8,429 Shares in International Flavors & Fragrances Inc. (NYSE:IFF) Acquired by Nomura Holdings Inc.

Nomura Holdings Inc. bought a new position in shares of International Flavors & Fragrances Inc. (NYSE:IFF - Free Report) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 8,429 shares of the specialty chemicals company's stock, valued at approximately $713,000.

Other hedge funds have also recently modified their holdings of the company. SBI Securities Co. Ltd. purchased a new stake in International Flavors & Fragrances in the 4th quarter valued at $32,000. Fairway Wealth LLC acquired a new stake in shares of International Flavors & Fragrances in the fourth quarter valued at about $34,000. Rialto Wealth Management LLC purchased a new stake in shares of International Flavors & Fragrances during the 4th quarter worth approximately $42,000. Principal Securities Inc. raised its stake in shares of International Flavors & Fragrances by 36.6% during the 4th quarter. Principal Securities Inc. now owns 638 shares of the specialty chemicals company's stock worth $54,000 after buying an additional 171 shares during the last quarter. Finally, Sugar Maple Asset Management LLC purchased a new stake in shares of International Flavors & Fragrances in the fourth quarter valued at about $78,000. 96.02% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

IFF has been the subject of several recent research reports. Mizuho dropped their price target on 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. Barclays raised shares of International Flavors & Fragrances from an "equal weight" rating to an "overweight" rating and boosted their price objective for the company from $76.00 to $84.00 in a research note on Thursday, May 8th. Morgan Stanley decreased their target price on International Flavors & Fragrances from $100.00 to $98.00 and set an "overweight" rating for the company in a report on Tuesday, May 13th. Oppenheimer decreased their price target on shares of International Flavors & Fragrances from $104.00 to $89.00 and set an "outperform" rating for the company in a research report on Tuesday, April 22nd. Finally, Stifel Nicolaus lowered their price objective on shares of International Flavors & Fragrances from $105.00 to $91.00 and set a "buy" rating for the company in a research report on Thursday, April 10th. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and twelve have issued a buy rating to the company. According to data from MarketBeat, International Flavors & Fragrances has an average rating of "Moderate Buy" and an average target price of $92.54.

International Flavors & Fragrances Stock Performance

NYSE:IFF traded down $0.69 during trading hours on Monday, reaching $75.03. 1,402,520 shares of the stock were exchanged, compared to its average volume of 1,525,648. The stock has a market capitalization of $19.19 billion, a P/E ratio of 79.82, a P/E/G ratio of 1.45 and a beta of 1.08. The firm has a 50 day simple moving average of $75.52 and a 200-day simple moving average of $81.90. 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 Inc. has a 52 week low of $65.85 and a 52 week high of $106.77.

International Flavors & Fragrances (NYSE:IFF - Get Free Report) last posted its earnings results on Tuesday, May 6th. The specialty chemicals company reported $1.20 EPS for the quarter, beating the consensus estimate 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 during the quarter, compared to analyst estimates of $2.83 billion. During the same period in the prior year, the company earned $1.13 earnings per share. The business's revenue was down 1.9% compared to the same quarter last year. As a group, sell-side analysts forecast that International Flavors & Fragrances Inc. will post 4.32 earnings per share for the current fiscal year.

International Flavors & Fragrances Dividend Announcement

The business 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 dividend on an annualized basis and a dividend yield of 2.13%. The ex-dividend date is Friday, June 20th. International Flavors & Fragrances's dividend payout ratio is currently -48.93%.

Insider Transactions at International Flavors & Fragrances

In other International Flavors & Fragrances news, CAO Beril Yildiz sold 2,400 shares of the company's stock in a transaction on Monday, May 19th. The stock was sold at an average price of $77.33, for a total value of $185,592.00. Following the transaction, the chief accounting officer now owns 3,321 shares of the company's stock, valued at approximately $256,812.93. This represents a 41.95% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Stephen N. Landsman purchased 12,000 shares of the firm's stock in a transaction that occurred on Monday, May 19th. The stock was bought at an average price of $77.28 per share, with a total value of $927,360.00. Following the transaction, the executive vice president now directly owns 12,000 shares in the company, valued at $927,360. This trade represents a ∞ increase in their ownership of the stock. The disclosure for this purchase can be found here. In the last three months, insiders purchased 28,550 shares of company stock valued at $2,211,372. Company insiders own 0.20% 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.