Twinbeech Capital LP Trims Holdings in International Flavors & Fragrances Inc. (NYSE:IFF)

Twinbeech Capital LP lessened its stake in shares of International Flavors & Fragrances Inc. (NYSE:IFF - Free Report) by 76.9% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The fund owned 3,262 shares of the specialty chemicals company's stock after selling 10,850 shares during the quarter. Twinbeech Capital LP's holdings in International Flavors & Fragrances were worth $276,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Compagnie Lombard Odier SCmA grew its stake in shares of International Flavors & Fragrances by 11.1% during the fourth quarter. Compagnie Lombard Odier SCmA now owns 114,179 shares of the specialty chemicals company's stock worth $9,654,000 after buying an additional 11,406 shares during the last quarter. Choreo LLC increased its stake in shares of International Flavors & Fragrances by 55.7% in the fourth quarter. Choreo LLC now owns 24,401 shares of the specialty chemicals company's stock valued at $2,055,000 after buying an additional 8,728 shares during the period. U.S. Capital Wealth Advisors LLC acquired a new stake in shares of International Flavors & Fragrances in the fourth quarter valued at about $7,508,000. Regents Gate Capital LLP acquired a new stake in shares of International Flavors & Fragrances in the fourth quarter valued at about $6,044,000. Finally, Proficio Capital Partners LLC acquired a new stake in shares of International Flavors & Fragrances in the fourth quarter valued at about $8,099,000. Institutional investors own 96.02% of the company's stock.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on the company. UBS Group increased their price target on International Flavors & Fragrances from $82.00 to $83.00 and gave the company a "neutral" rating in a research note on Wednesday, May 7th. Barclays raised International Flavors & Fragrances from an "equal weight" rating to an "overweight" rating and raised their target price for the stock from $76.00 to $84.00 in a research note on Thursday, May 8th. Cfra cut International Flavors & Fragrances from a "buy" rating to a "sell" rating and set a $77.00 target price for the company. in a research note on Thursday, February 20th. 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 report on Tuesday, April 15th. Finally, JPMorgan Chase & Co. cut their price target on International Flavors & Fragrances from $107.00 to $104.00 and set an "overweight" rating on the stock in a report on Thursday, February 20th. One research analyst has rated the stock with a sell rating, one has issued a hold rating and twelve have assigned a buy rating to the company. According to MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target of $92.54.

Insiders Place Their Bets

In related news, EVP Stephen N. Landsman purchased 12,000 shares of International Flavors & Fragrances stock in a transaction dated Monday, May 19th. The stock was bought at an average cost of $77.28 per share, for a total transaction 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 trade represents a ∞ 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, Director Kevin O'byrne purchased 4,500 shares of International Flavors & Fragrances stock in a transaction dated Thursday, May 22nd. The stock was bought at an average price of $76.05 per share, with a total value of $342,225.00. Following the completion of the transaction, the director now owns 7,696 shares of the company's stock, valued at $585,280.80. This represents a 140.80% increase in their position. The disclosure for this purchase can be found here. Insiders bought 28,550 shares of company stock valued at $2,211,372 over the last ninety days. 0.20% of the stock is currently owned by insiders.

International Flavors & Fragrances Stock Performance

Shares of IFF traded up $0.30 on Thursday, reaching $75.44. 269,097 shares of the company's stock traded hands, compared to its average volume of 1,755,285. The company has a current ratio of 1.84, a quick ratio of 1.93 and a debt-to-equity ratio of 0.54. The stock has a market cap of $19.30 billion, a PE ratio of 80.25, a PEG ratio of 1.45 and a beta of 1.08. The stock's 50 day simple moving average is $75.31 and its two-hundred day simple moving average is $81.70. 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 released its earnings results 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. International Flavors & Fragrances had a return on equity of 7.72% and a net margin of 2.12%. The business had revenue of $2.84 billion during the quarter, compared to the consensus estimate of $2.83 billion. During the same period last year, the business posted $1.13 earnings per share. The business's revenue for the quarter was down 1.9% on a year-over-year basis. On average, 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 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 $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a yield of 2.12%. The ex-dividend date is Friday, June 20th. International Flavors & Fragrances's dividend payout ratio is currently -48.93%.

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.