GSA Capital Partners LLP Invests $552,000 in International Flavors & Fragrances Inc. (NYSE:IFF)

GSA Capital Partners LLP purchased a new position in shares of International Flavors & Fragrances Inc. (NYSE:IFF - Free Report) during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 7,111 shares of the specialty chemicals company's stock, valued at approximately $552,000.

Other hedge funds also recently modified their holdings of the company. Allspring Global Investments Holdings LLC lifted its holdings in International Flavors & Fragrances by 11.2% in the first quarter. Allspring Global Investments Holdings LLC now owns 84,265 shares of the specialty chemicals company's stock valued at $6,525,000 after buying an additional 8,490 shares during the period. Manning & Napier Advisors LLC acquired a new position in shares of International Flavors & Fragrances during the first quarter valued at about $1,271,000. Royal Bank of Canada raised its holdings in shares of International Flavors & Fragrances by 23.6% during the fourth quarter. Royal Bank of Canada now owns 361,073 shares of the specialty chemicals company's stock valued at $30,529,000 after purchasing an additional 68,970 shares during the period. Chicago Capital LLC acquired a new position in shares of International Flavors & Fragrances during the first quarter valued at about $688,000. Finally, Achmea Investment Management B.V. raised its holdings in shares of International Flavors & Fragrances by 126.1% during the first quarter. Achmea Investment Management B.V. now owns 29,344 shares of the specialty chemicals company's stock valued at $2,277,000 after purchasing an additional 16,368 shares during the period. Institutional investors and hedge funds own 96.02% of the company's stock.

International Flavors & Fragrances Trading Up 1.0%

Shares of IFF stock opened at $70.18 on Tuesday. International Flavors & Fragrances Inc. has a 52-week low of $65.85 and a 52-week high of $106.77. The company has a debt-to-equity ratio of 0.58, a quick ratio of 1.39 and a current ratio of 1.87. The company has a 50-day simple moving average of $75.46 and a two-hundred day simple moving average of $77.81. The company has a market capitalization of $17.95 billion, a price-to-earnings ratio of -21.46, a PEG ratio of 3.07 and a beta of 1.04.

International Flavors & Fragrances (NYSE:IFF - Get Free Report) last issued its quarterly earnings data on Tuesday, May 6th. The specialty chemicals company reported $1.20 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.12 by $0.08. The business had revenue of $2.84 billion during the quarter, compared to the consensus estimate of $2.83 billion. International Flavors & Fragrances had a negative net margin of 7.31% and a positive return on equity of 7.99%. The firm's quarterly revenue was down 1.9% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.13 EPS. Research analysts anticipate that International Flavors & Fragrances Inc. will post 4.32 EPS for the current fiscal year.

International Flavors & Fragrances Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, October 10th. Shareholders of record on Monday, September 29th will be paid a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a yield of 2.3%. The ex-dividend date is Monday, September 29th. International Flavors & Fragrances's payout ratio is presently -48.93%.

Analysts Set New Price Targets

Several brokerages have recently weighed in on IFF. Oppenheimer dropped 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. Tigress Financial began coverage on shares of International Flavors & Fragrances in a research report on Wednesday, June 4th. They set a "buy" rating and a $105.00 target price for the company. UBS Group boosted their target price on shares of International Flavors & Fragrances from $82.00 to $83.00 and gave the stock a "neutral" rating in a research report on Wednesday, May 7th. Wells Fargo & Company decreased their target price on shares of International Flavors & Fragrances from $105.00 to $90.00 and set an "overweight" rating for the company in a research report on Wednesday, April 9th. Finally, Robert W. Baird decreased their target price on shares of International Flavors & Fragrances from $110.00 to $100.00 and set an "outperform" rating for the company in a research report on Thursday, May 8th. One analyst has rated the stock with a sell rating, one has assigned a hold rating and thirteen have assigned a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $93.43.

Insider Transactions at International Flavors & Fragrances

In related news, Director Kevin O'byrne bought 4,500 shares of the company's stock in a transaction on Thursday, May 22nd. The shares were purchased at an average cost of $76.05 per share, for a total transaction of $342,225.00. Following the completion of the purchase, the director directly owned 7,696 shares in the company, valued at $585,280.80. The trade was a 140.80% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director Hernandez Margarita Palau bought 850 shares of the company's stock in a transaction on Monday, May 19th. The stock was bought at an average price of $77.42 per share, for a total transaction of $65,807.00. Following the completion of the purchase, the director owned 2,393 shares of the company's stock, valued at approximately $185,266.06. The trade was a 55.09% increase in their ownership of the stock. The disclosure for this purchase can be found here. Over the last quarter, insiders bought 22,050 shares of company stock valued at $1,688,512. Corporate insiders own 0.17% of the company's stock.

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.

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