ProShare Advisors LLC Buys 3,644 Shares of International Flavors & Fragrances Inc. (NYSE:IFF)

ProShare Advisors LLC grew its stake in International Flavors & Fragrances Inc. (NYSE:IFF - Free Report) by 8.7% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 45,330 shares of the specialty chemicals company's stock after purchasing an additional 3,644 shares during the quarter. ProShare Advisors LLC's holdings in International Flavors & Fragrances were worth $3,833,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of IFF. SBI Securities Co. Ltd. purchased a new stake in shares of International Flavors & Fragrances in the fourth quarter valued at about $32,000. Fairway Wealth LLC purchased 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 in the fourth quarter valued at about $42,000. Principal Securities Inc. raised its holdings in shares of International Flavors & Fragrances by 36.6% in the fourth quarter. Principal Securities Inc. now owns 638 shares of the specialty chemicals company's stock valued at $54,000 after purchasing an additional 171 shares during the last quarter. Finally, Sugar Maple Asset Management LLC bought a new position in shares of International Flavors & Fragrances in the fourth quarter valued at approximately $78,000. Institutional investors own 96.02% of the company's stock.

Insider Buying and Selling

In other International Flavors & Fragrances news, Director Kevin O'byrne bought 6,500 shares of International Flavors & Fragrances stock in a transaction that occurred on Wednesday, March 5th. The stock was acquired at an average cost of $80.44 per share, for a total transaction of $522,860.00. Following the completion of the transaction, the director now directly owns 6,500 shares in the company, valued at $522,860. This represents a ∞ increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through this link. Also, EVP Stephen N. Landsman bought 12,000 shares of International Flavors & Fragrances stock in a transaction that occurred on Monday, May 19th. The shares were acquired at an average price 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 of the company's stock, valued at $927,360. This represents a ∞ increase in their ownership of the stock. The disclosure for this purchase can be found here. In the last 90 days, insiders have bought 23,200 shares of company stock valued at $1,803,340. Company insiders own 0.20% of the company's stock.

International Flavors & Fragrances Stock Down 0.6%

IFF opened at $77.28 on Tuesday. The company has a 50 day moving average of $75.84 and a 200 day moving average of $82.39. The company has a market cap of $19.77 billion, a PE ratio of 82.21, a price-to-earnings-growth ratio of 1.45 and a beta of 1.08. International Flavors & Fragrances Inc. has a 12 month low of $65.85 and a 12 month high of $106.77. The company has a current ratio of 1.84, a quick ratio of 1.93 and a debt-to-equity ratio of 0.54.

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 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 quarterly revenue was down 1.9% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.13 EPS. On average, sell-side analysts expect that International Flavors & Fragrances Inc. will post 4.32 EPS for the current year.

International Flavors & Fragrances Announces Dividend

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 issued a dividend of $0.40 per share. The ex-dividend date of this dividend is Friday, June 20th. This represents a $1.60 dividend on an annualized basis and a yield of 2.07%. International Flavors & Fragrances's dividend payout ratio (DPR) is -48.93%.

Wall Street Analyst Weigh In

IFF has been the subject of several recent analyst reports. Barclays raised International Flavors & Fragrances from an "equal weight" rating to an "overweight" rating and upped their target price for the company from $76.00 to $84.00 in a report on Thursday, May 8th. Stifel Nicolaus cut 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 report on Thursday, April 10th. Mizuho cut their price target on shares of International Flavors & Fragrances from $95.00 to $87.00 and set an "outperform" rating on the stock in a report on Tuesday, April 15th. UBS Group boosted their price target on shares of International Flavors & Fragrances from $82.00 to $83.00 and gave the stock a "neutral" rating in a report on Wednesday, May 7th. Finally, Cfra downgraded shares of International Flavors & Fragrances from a "buy" rating to a "sell" rating and set a $77.00 price target on the stock. in a report on Thursday, February 20th. One investment 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's stock. According to MarketBeat, International Flavors & Fragrances has an average rating of "Moderate Buy" and a consensus price target of $92.54.

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.

Want to see what other hedge funds are holding IFF? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for International Flavors & Fragrances Inc. (NYSE:IFF - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.