International Flavors & Fragrances Inc. (NYSE:IFF) Shares Acquired by Deprince Race & Zollo Inc.

Deprince Race & Zollo Inc. grew its stake in shares of International Flavors & Fragrances Inc. (NYSE:IFF - Free Report) by 51.0% during the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 464,697 shares of the specialty chemicals company's stock after purchasing an additional 156,925 shares during the period. Deprince Race & Zollo Inc. owned approximately 0.18% of International Flavors & Fragrances worth $39,290,000 at the end of the most recent reporting period.

A number of other large investors have also made changes to their positions in the stock. Dean Capital Management grew its position in International Flavors & Fragrances by 17.5% during the fourth quarter. Dean Capital Management now owns 23,373 shares of the specialty chemicals company's stock worth $1,976,000 after buying an additional 3,488 shares during the period. Colonial Trust Co SC increased its stake in International Flavors & Fragrances by 6.5% in the 4th quarter. Colonial Trust Co SC now owns 16,892 shares of the specialty chemicals company's stock valued at $1,428,000 after purchasing an additional 1,024 shares in the last quarter. Crestline Management LP raised its holdings in International Flavors & Fragrances by 796.9% during the fourth quarter. Crestline Management LP now owns 31,686 shares of the specialty chemicals company's stock worth $2,679,000 after purchasing an additional 28,153 shares during the last quarter. Bridgefront Capital LLC purchased a new stake in International Flavors & Fragrances during the fourth quarter worth $698,000. Finally, Cary Street Partners Financial LLC acquired a new position in shares of International Flavors & Fragrances during the 4th quarter worth $303,000. Hedge funds and other institutional investors own 96.02% of the company's stock.

International Flavors & Fragrances Trading Down 0.8 %

Shares of IFF stock traded down $0.62 on Friday, reaching $73.46. 1,850,232 shares of the stock were exchanged, compared to its average volume of 1,519,632. International Flavors & Fragrances Inc. has a 1-year low of $65.85 and a 1-year high of $106.77. The stock has a market cap of $18.79 billion, a P/E ratio of 78.15, 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. The firm has a 50 day moving average of $76.39 and a two-hundred day moving average of $83.55.

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

International Flavors & Fragrances Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, July 11th. Stockholders of record on Friday, June 20th will be paid a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a dividend yield of 2.18%. The ex-dividend date is Friday, June 20th. International Flavors & Fragrances's dividend payout ratio is presently -48.93%.

Analyst Ratings Changes

A number of brokerages have issued reports on IFF. Mizuho cut their target price on shares of International Flavors & Fragrances from $95.00 to $87.00 and set an "outperform" rating for the company in a research report on Tuesday, April 15th. Citigroup upped their target price on International Flavors & Fragrances from $84.00 to $90.00 and gave the company a "buy" rating in a research note on Thursday. 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. Robert W. Baird decreased their price objective on International Flavors & Fragrances from $110.00 to $100.00 and set an "outperform" rating on the stock in a research note on Thursday. Finally, Wells Fargo & Company reduced their target price on shares of International Flavors & Fragrances from $105.00 to $90.00 and set an "overweight" rating on the stock in a report on Wednesday, April 9th. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and twelve have assigned a buy rating to the stock. According to MarketBeat.com, International Flavors & Fragrances has an average rating of "Moderate Buy" and a consensus price target of $92.69.

Insider Buying and Selling

In related news, CEO J Erik Fyrwald bought 700 shares of the company's stock in a transaction that occurred on Thursday, May 8th. The shares were acquired at an average cost of $74.00 per share, for a total transaction of $51,800.00. Following the acquisition, the chief executive officer now owns 37,770 shares in the company, valued at $2,794,980. This represents a 1.89 % increase in their position. The purchase was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Kevin O'byrne purchased 6,500 shares of the firm's stock in a transaction on Wednesday, March 5th. The stock was bought at an average price of $80.44 per share, with a total value of $522,860.00. Following the acquisition, the director now owns 6,500 shares in the company, valued at $522,860. This trade represents a ∞ increase in their ownership of the stock. The disclosure for this purchase can be found here. 0.20% of the stock is owned by corporate insiders.

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.