Boothbay Fund Management LLC Reduces Stake in International Flavors & Fragrances Inc. (NYSE:IFF)

Boothbay Fund Management LLC reduced its holdings in shares of International Flavors & Fragrances Inc. (NYSE:IFF - Free Report) by 63.7% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 2,525 shares of the specialty chemicals company's stock after selling 4,425 shares during the period. Boothbay Fund Management LLC's holdings in International Flavors & Fragrances were worth $213,000 as of its most recent SEC filing.

Several other hedge funds have also recently made changes to their positions in the business. SBI Securities Co. Ltd. bought a new stake in International Flavors & Fragrances in the fourth quarter worth approximately $32,000. Fairway Wealth LLC acquired a new position in shares of International Flavors & Fragrances during the 4th quarter valued at $34,000. Rialto Wealth Management LLC bought a new position in International Flavors & Fragrances during the fourth quarter worth $42,000. Principal Securities Inc. increased its stake in International Flavors & Fragrances by 36.6% in the fourth 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 in the last quarter. Finally, Sugar Maple Asset Management LLC acquired a new position in shares of International Flavors & Fragrances during the fourth quarter valued at about $78,000. 96.02% of the stock is owned by institutional investors.

Insiders Place Their Bets

In related news, Director Kevin O'byrne acquired 6,500 shares of the company's stock in a transaction dated Wednesday, March 5th. The stock was bought at an average cost of $80.44 per share, with a total value of $522,860.00. Following the acquisition, the director now owns 6,500 shares of the company's stock, valued at approximately $522,860. The trade was a ∞ increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 0.20% of the company's stock.

International Flavors & Fragrances Stock Performance

International Flavors & Fragrances stock traded up $0.09 during mid-day trading on Tuesday, reaching $79.24. The company's stock had a trading volume of 1,734,541 shares, compared to its average volume of 1,525,094. The firm's fifty day moving average price is $76.82 and its two-hundred day moving average price is $84.18. 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 Inc. has a 12-month low of $65.85 and a 12-month high of $106.77. The company has a market capitalization of $20.26 billion, a P/E ratio of 84.30, a PEG ratio of 1.45 and a beta of 1.08.

International Flavors & Fragrances (NYSE:IFF - Get Free Report) last posted its earnings results on Tuesday, May 6th. The specialty chemicals company reported $1.20 earnings per share for the quarter, beating analysts' consensus estimates of $1.09 by $0.11. International Flavors & Fragrances had a return on equity of 7.72% and a net margin of 2.12%. During the same quarter last year, the firm posted $1.13 earnings per share. The firm's revenue was down 1.9% compared to the same quarter last year. Sell-side 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 disclosed a quarterly dividend, which will be paid on Friday, July 11th. Investors 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 2.02%. The ex-dividend date of this dividend is Friday, June 20th. International Flavors & Fragrances's dividend payout ratio is 170.21%.

Analysts Set New Price Targets

A number of research analysts recently weighed in on the company. Mizuho dropped their price target on International Flavors & Fragrances from $95.00 to $87.00 and set an "outperform" rating on the stock in a research note on Tuesday, April 15th. Morgan Stanley reduced their price target 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. Oppenheimer lowered their price objective 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. Wells Fargo & Company reduced their price objective 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. Finally, Cfra downgraded International Flavors & Fragrances from a "buy" rating to a "sell" rating and set a $77.00 price target for the company. in a research note on Thursday, February 20th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and eleven have given a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $94.54.

International Flavors & Fragrances 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.