Alyeska Investment Group L.P. Has $48.04 Million Holdings in International Flavors & Fragrances Inc. (NYSE:IFF)

Alyeska Investment Group L.P. raised its stake in International Flavors & Fragrances Inc. (NYSE:IFF - Free Report) by 184.9% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 568,199 shares of the specialty chemicals company's stock after purchasing an additional 368,769 shares during the quarter. Alyeska Investment Group L.P. owned about 0.22% of International Flavors & Fragrances worth $48,041,000 at the end of the most recent quarter.

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

Wall Street Analyst Weigh In

IFF has been the topic of a number of research analyst reports. Bank of America reduced their target price on International Flavors & Fragrances from $105.00 to $101.00 and set a "buy" rating on the stock in a report on Thursday, February 20th. Stifel Nicolaus reduced their price target on shares of International Flavors & Fragrances from $105.00 to $91.00 and set a "buy" rating on the stock in a research report on Thursday, April 10th. Morgan Stanley lowered their price objective on shares of International Flavors & Fragrances from $106.00 to $100.00 and set an "overweight" rating for the company in a research report on Thursday, April 10th. Argus upgraded International Flavors & Fragrances from a "hold" rating to a "buy" rating in a research note on Tuesday, January 7th. Finally, JPMorgan Chase & Co. lowered their price objective on shares of International Flavors & Fragrances from $107.00 to $104.00 and set an "overweight" rating on the stock in a research note on Thursday, February 20th. One research analyst has rated the stock with a sell rating, two have given a hold rating and eleven have assigned a buy rating to the company. According to MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $94.54.

International Flavors & Fragrances Price Performance

IFF traded up $0.09 during midday trading on Tuesday, hitting $79.24. The company had a trading volume of 1,734,541 shares, compared to its average volume of 1,525,094. International Flavors & Fragrances Inc. has a twelve month low of $65.85 and a twelve month high of $106.77. The firm's 50-day simple moving average is $76.82 and its 200-day simple moving average is $84.18. The company has a market capitalization of $20.26 billion, a PE ratio of 84.30, a P/E/G ratio of 1.45 and a beta of 1.08. The company has a debt-to-equity ratio of 0.54, a quick ratio of 1.93 and a current ratio of 1.84.

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 (EPS) for the quarter, topping the consensus estimate of $1.09 by $0.11. International Flavors & Fragrances had a return on equity of 7.72% and a net margin of 2.12%. The business's revenue for the quarter was down 1.9% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.13 EPS. Equities research analysts predict that International Flavors & Fragrances Inc. will post 4.32 EPS 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 given a dividend of $0.40 per share. The ex-dividend date of this dividend is Friday, June 20th. This represents a $1.60 dividend on an annualized basis and a yield of 2.02%. International Flavors & Fragrances's payout ratio is presently 170.21%.

Insider Activity

In related news, Director Kevin O'byrne bought 6,500 shares of the business's stock in a transaction on Wednesday, March 5th. The shares were purchased at an average price of $80.44 per share, with a total value of $522,860.00. Following the completion of the purchase, the director now owns 6,500 shares of the company's stock, valued at $522,860. This represents a ∞ increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available at this hyperlink. Insiders own 0.20% of the company's stock.

International Flavors & Fragrances Company Profile

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.