16,068 Shares in International Flavors & Fragrances Inc. (NYSE:IFF) Acquired by Neo Ivy Capital Management

Neo Ivy Capital Management acquired a new position in International Flavors & Fragrances Inc. (NYSE:IFF - Free Report) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 16,068 shares of the specialty chemicals company's stock, valued at approximately $1,358,000.

Several other hedge funds also recently added to or reduced their stakes in IFF. Freemont Capital Pte Ltd purchased a new position in shares of International Flavors & Fragrances during the fourth quarter worth $2,143,882,000. Norges Bank purchased a new position in shares of International Flavors & Fragrances during the fourth quarter worth $452,363,000. Dodge & Cox boosted its position in shares of International Flavors & Fragrances by 11.9% during the fourth quarter. Dodge & Cox now owns 31,437,763 shares of the specialty chemicals company's stock worth $2,658,063,000 after buying an additional 3,355,381 shares during the period. Van ECK Associates Corp boosted its position in shares of International Flavors & Fragrances by 41.6% during the fourth quarter. Van ECK Associates Corp now owns 5,664,250 shares of the specialty chemicals company's stock worth $478,912,000 after buying an additional 1,663,629 shares during the period. Finally, Northern Trust Corp boosted its holdings in International Flavors & Fragrances by 19.9% in the fourth quarter. Northern Trust Corp now owns 3,407,262 shares of the specialty chemicals company's stock valued at $288,084,000 after purchasing an additional 565,769 shares during the period. 96.02% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of research analysts recently issued reports on IFF shares. UBS Group lifted their target price on International Flavors & Fragrances from $82.00 to $83.00 and gave the company a "neutral" rating in a report on Wednesday, May 7th. Mizuho cut 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. Cfra cut International Flavors & Fragrances from a "buy" rating to a "sell" rating and set a $77.00 price target on the stock. in a research note on Thursday, February 20th. Morgan Stanley cut their price target on International Flavors & Fragrances from $100.00 to $98.00 and set an "overweight" rating on the stock in a research note on Tuesday, May 13th. Finally, Bank of America cut their price target on International Flavors & Fragrances from $105.00 to $101.00 and set a "buy" rating on the stock in a research note on Thursday, February 20th. 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 data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of $92.54.

International Flavors & Fragrances Stock Performance

IFF stock traded up $0.57 during trading on Thursday, hitting $75.71. The company had a trading volume of 320,447 shares, compared to its average volume of 1,520,773. The firm has a market cap of $19.37 billion, a PE ratio of 80.53, a price-to-earnings-growth ratio of 1.45 and a beta of 1.08. International Flavors & Fragrances Inc. has a 1-year low of $65.85 and a 1-year high of $106.77. The firm has a 50-day moving average price of $75.31 and a 200-day moving average price of $81.70. 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 issued its quarterly earnings results on Tuesday, May 6th. The specialty chemicals company reported $1.20 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.12 by $0.08. The firm had revenue of $2.84 billion for the quarter, compared to analysts' expectations of $2.83 billion. International Flavors & Fragrances had a return on equity of 7.72% and a net margin of 2.12%. The firm's revenue for the quarter was down 1.9% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.13 EPS. On average, analysts expect that International Flavors & Fragrances Inc. will post 4.32 earnings per share for the current year.

International Flavors & Fragrances Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, July 11th. Shareholders of record on Friday, June 20th will be issued a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a yield of 2.11%. The ex-dividend date of this dividend is Friday, June 20th. International Flavors & Fragrances's dividend payout ratio is presently -48.93%.

Insider Buying and Selling at International Flavors & Fragrances

In other International Flavors & Fragrances news, CEO J Erik Fyrwald acquired 700 shares of the stock in a transaction on Thursday, May 8th. The shares were bought at an average price 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 trade represents a 1.89% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Stephen N. Landsman acquired 12,000 shares of the stock in a transaction on Monday, May 19th. The stock was acquired at an average cost of $77.28 per share, for a total transaction of $927,360.00. Following the acquisition, the executive vice president now directly owns 12,000 shares in the company, valued at $927,360. This represents a ∞ increase in their position. The disclosure for this purchase can be found here. In the last 90 days, insiders have acquired 28,550 shares of company stock valued at $2,211,372. 0.20% of the stock is owned by corporate insiders.

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.