Raiffeisen Bank International AG Takes $4.04 Million Position in International Flavors & Fragrances Inc. (NYSE:IFF)

Raiffeisen Bank International AG bought a new stake in International Flavors & Fragrances Inc. (NYSE:IFF - Free Report) during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 48,119 shares of the specialty chemicals company's stock, valued at approximately $4,040,000.

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

Insiders Place Their Bets

In other news, EVP Stephen N. Landsman bought 12,000 shares of the firm's stock in a transaction that occurred on Monday, May 19th. The shares were purchased at an average price of $77.28 per share, with a total value of $927,360.00. Following the purchase, the executive vice president now owns 12,000 shares in the company, valued at approximately $927,360. The trade was a ∞ increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Kevin O'byrne bought 6,500 shares of the company's stock in a transaction on Wednesday, March 5th. The stock was purchased at an average cost of $80.44 per share, with a total value of $522,860.00. Following the completion of the transaction, the director now owns 6,500 shares in the company, valued at $522,860. This represents a ∞ increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders have bought 24,050 shares of company stock worth $1,869,147 over the last ninety days. Corporate insiders own 0.20% of the company's stock.

Analyst Upgrades and Downgrades

A number of research firms have recently issued reports on IFF. Wells Fargo & Company dropped their target price on shares of International Flavors & Fragrances from $105.00 to $90.00 and set an "overweight" rating for the company in a report on Wednesday, April 9th. Robert W. Baird cut their price objective on shares of International Flavors & Fragrances from $110.00 to $100.00 and set an "outperform" rating for the company in a report on Thursday, May 8th. Barclays upgraded International Flavors & Fragrances from an "equal weight" rating to an "overweight" rating and boosted their target price for the stock from $76.00 to $84.00 in a report on Thursday, May 8th. Cfra cut International Flavors & Fragrances from a "buy" rating to a "sell" rating and set a $77.00 price target for the company. in a report on Thursday, February 20th. Finally, Citigroup lifted their price objective on International Flavors & Fragrances from $84.00 to $90.00 and gave the stock a "buy" rating in a research report on Thursday, May 8th. One analyst has rated the stock with a sell rating, one has assigned a hold rating and twelve have issued a buy rating to the company. According to MarketBeat.com, International Flavors & Fragrances has an average rating of "Moderate Buy" and an average target price of $92.54.

International Flavors & Fragrances Trading Down 0.6%

NYSE:IFF traded down $0.46 on Wednesday, reaching $77.42. The company's stock had a trading volume of 830,797 shares, compared to its average volume of 1,517,570. International Flavors & Fragrances Inc. has a 12-month low of $65.85 and a 12-month high of $106.77. The stock has a 50 day moving average price of $75.82 and a 200 day moving average price of $82.36. The firm has a market cap of $19.80 billion, a price-to-earnings ratio of 82.42, a price-to-earnings-growth ratio of 1.45 and a beta of 1.08. The company has a quick ratio of 1.93, a current ratio of 1.84 and a debt-to-equity ratio of 0.54.

International Flavors & Fragrances (NYSE:IFF - Get Free Report) last posted its earnings results on Tuesday, May 6th. The specialty chemicals company reported $1.20 EPS for the quarter, beating analysts' consensus estimates 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 company had revenue of $2.84 billion for the quarter, compared to analysts' expectations of $2.83 billion. During the same quarter in the prior year, the company posted $1.13 earnings per share. International Flavors & Fragrances's revenue for the quarter was down 1.9% compared to the same quarter last year. On average, equities analysts anticipate that International Flavors & Fragrances Inc. will post 4.32 EPS for the current fiscal year.

International Flavors & Fragrances Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, July 11th. Shareholders of record on Friday, June 20th will be given a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a yield of 2.07%. 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.