Gotham Asset Management LLC Reduces Stock Holdings in International Flavors & Fragrances Inc. (NYSE:IFF)

Gotham Asset Management LLC lowered its holdings in shares of International Flavors & Fragrances Inc. (NYSE:IFF - Free Report) by 38.3% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 12,455 shares of the specialty chemicals company's stock after selling 7,724 shares during the quarter. Gotham Asset Management LLC's holdings in International Flavors & Fragrances were worth $1,053,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Graham Capital Management L.P. boosted its stake in International Flavors & Fragrances by 671.1% in the 4th quarter. Graham Capital Management L.P. now owns 67,023 shares of the specialty chemicals company's stock worth $5,667,000 after purchasing an additional 58,331 shares during the period. Focus Partners Wealth bought a new position in International Flavors & Fragrances in the 4th quarter worth approximately $521,000. Freemont Capital Pte Ltd bought a new position in International Flavors & Fragrances in the 4th quarter worth approximately $2,143,882,000. Ensign Peak Advisors Inc boosted its stake in International Flavors & Fragrances by 4.2% in the 4th quarter. Ensign Peak Advisors Inc now owns 418,350 shares of the specialty chemicals company's stock worth $35,371,000 after purchasing an additional 17,029 shares during the period. Finally, FORA Capital LLC bought a new position in International Flavors & Fragrances in the 4th quarter worth approximately $296,000. 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 reports. Bank of America reduced their price objective 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. JPMorgan Chase & Co. reduced their price target on shares of International Flavors & Fragrances from $107.00 to $104.00 and set an "overweight" rating on the stock in a research 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. Citigroup boosted their price target on shares of International Flavors & Fragrances from $84.00 to $90.00 and gave the stock a "buy" rating in a research report on Thursday, May 8th. Finally, Oppenheimer reduced their price target on shares of International Flavors & Fragrances from $104.00 to $89.00 and set an "outperform" rating on the stock in a research report on Tuesday, April 22nd. One research analyst has rated the stock with a sell rating, one has issued a hold rating and twelve have given a buy rating to the company's stock. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of $92.54.

International Flavors & Fragrances Trading Down 1.0%

IFF traded down $0.77 during trading hours on Wednesday, reaching $77.11. 1,985,110 shares of the company's stock traded hands, compared to its average volume of 1,522,009. The firm has a 50-day moving average price of $75.82 and a 200 day moving average price of $82.36. International Flavors & Fragrances Inc. has a 52-week low of $65.85 and a 52-week high of $106.77. 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 market capitalization of $19.72 billion, a PE ratio of 82.03, a PEG ratio of 1.45 and a beta of 1.08.

International Flavors & Fragrances (NYSE:IFF - Get Free Report) last issued 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 $1.12 by $0.08. The business had revenue of $2.84 billion during the quarter, compared to analyst estimates of $2.83 billion. International Flavors & Fragrances had a return on equity of 7.72% and a net margin of 2.12%. International Flavors & Fragrances's revenue was down 1.9% on a year-over-year basis. During the same period in the previous year, the company posted $1.13 EPS. As a group, 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 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 dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a yield of 2.08%. The ex-dividend date is Friday, June 20th. International Flavors & Fragrances's dividend payout ratio (DPR) is presently -48.93%.

Insider Buying and Selling at International Flavors & Fragrances

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