Mufg Securities Americas Inc. Buys Shares of 3,775 International Flavors & Fragrances Inc. (NYSE:IFF)

Mufg Securities Americas Inc. bought a new stake in shares of International Flavors & Fragrances Inc. (NYSE:IFF - Free Report) in the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund bought 3,775 shares of the specialty chemicals company's stock, valued at approximately $319,000.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the company. SBI Securities Co. Ltd. acquired a new stake in shares of International Flavors & Fragrances during the 4th quarter valued at $32,000. Fairway Wealth LLC acquired a new stake in shares of International Flavors & Fragrances during the 4th quarter valued at $34,000. Rialto Wealth Management LLC acquired a new stake in shares of International Flavors & Fragrances during the 4th quarter valued at $42,000. Principal Securities Inc. raised its holdings in shares of International Flavors & Fragrances by 36.6% during the fourth quarter. Principal Securities Inc. now owns 638 shares of the specialty chemicals company's stock valued at $54,000 after acquiring an additional 171 shares during the period. Finally, Sugar Maple Asset Management LLC acquired a new stake in shares of International Flavors & Fragrances during the fourth quarter valued at approximately $78,000. 96.02% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on the stock. Oppenheimer cut their price target on shares of International Flavors & Fragrances from $104.00 to $89.00 and set an "outperform" rating on the stock in a report on Tuesday, April 22nd. Morgan Stanley reduced their price objective on International Flavors & Fragrances from $100.00 to $98.00 and set an "overweight" rating for the company in a research report on Tuesday, May 13th. Cfra lowered International Flavors & Fragrances from a "buy" rating to a "sell" rating and set a $77.00 target price on the stock. in a research report on Thursday, February 20th. JPMorgan Chase & Co. lowered their price target on International Flavors & Fragrances from $107.00 to $104.00 and set an "overweight" rating for the company in a research note on Thursday, February 20th. Finally, UBS Group boosted their price target on International Flavors & Fragrances from $82.00 to $83.00 and gave the company a "neutral" rating in a research note on Wednesday, May 7th. One investment analyst has rated the stock with a sell rating, one has given a hold rating and twelve have given a buy rating to the company's stock. According to data from MarketBeat, International Flavors & Fragrances has a consensus rating of "Moderate Buy" and a consensus target price of $92.54.

Insiders Place Their Bets

In related news, CEO J Erik Fyrwald bought 700 shares of the business's stock in a transaction on Thursday, May 8th. The shares were purchased at an average cost of $74.00 per share, with a total value of $51,800.00. Following the acquisition, the chief executive officer now owns 37,770 shares of the company's stock, valued at $2,794,980. This represents a 1.89% increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Stephen N. Landsman bought 12,000 shares of International Flavors & Fragrances stock in a transaction that occurred on Monday, May 19th. The stock was bought at an average price of $77.28 per share, for a total transaction of $927,360.00. Following the completion of the acquisition, the executive vice president now directly owns 12,000 shares of the company's stock, valued at $927,360. The trade was a ∞ increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders bought a total of 24,050 shares of company stock valued at $1,869,147 in the last 90 days. Corporate insiders own 0.20% of the company's stock.

International Flavors & Fragrances Price Performance

Shares of NYSE IFF traded up $0.50 during mid-day trading on Tuesday, reaching $77.84. The company had a trading volume of 1,533,748 shares, compared to its average volume of 1,520,157. International Flavors & Fragrances Inc. has a one year low of $65.85 and a one year high of $106.77. The business's 50-day simple moving average is $75.84 and its 200 day simple moving average is $82.39. The company has a debt-to-equity ratio of 0.54, a quick ratio of 1.93 and a current ratio of 1.84. The firm has a market cap of $19.91 billion, a price-to-earnings ratio of 82.81, a PEG ratio of 1.45 and a beta of 1.08.

International Flavors & Fragrances (NYSE:IFF - Get Free Report) last posted its quarterly earnings data on Tuesday, May 6th. The specialty chemicals company reported $1.20 earnings per share for the quarter, topping the consensus estimate of $1.12 by $0.08. International Flavors & Fragrances had a net margin of 2.12% and a return on equity of 7.72%. The business had revenue of $2.84 billion during the quarter, compared to analysts' expectations of $2.83 billion. During the same quarter in the prior year, the business posted $1.13 earnings per share. International Flavors & Fragrances's revenue was down 1.9% compared to the same quarter last year. On average, research analysts predict that International Flavors & Fragrances Inc. will post 4.32 earnings per share for the current fiscal year.

International Flavors & Fragrances Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, July 11th. Shareholders of record on Friday, June 20th will be paid a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a yield of 2.06%. The ex-dividend date of this dividend is Friday, June 20th. International Flavors & Fragrances's payout ratio is -48.93%.

About International Flavors & Fragrances

International Flavors & Fragrances, Inc engages in the manufacture and supply of flavors and fragrances used in the food, beverage, personal care, and household products industries. It operates through the following segments: Nourish, Health & Biosciences, Scent and Pharma Solutions. The Nourish segment consists of legacy Taste segment combined with N&B's Food & Beverage division and the food protection business of N&B's Health & Biosciences division.