Worldquant Millennium Advisors LLC Has $452,000 Stock Holdings in International Flavors & Fragrances Inc. (NYSE:IFF)

Worldquant Millennium Advisors LLC cut its holdings in shares of International Flavors & Fragrances Inc. (NYSE:IFF - Free Report) by 96.7% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 5,349 shares of the specialty chemicals company's stock after selling 156,021 shares during the period. Worldquant Millennium Advisors LLC's holdings in International Flavors & Fragrances were worth $452,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. Compagnie Lombard Odier SCmA increased its holdings in shares of International Flavors & Fragrances by 11.1% in the fourth quarter. Compagnie Lombard Odier SCmA now owns 114,179 shares of the specialty chemicals company's stock valued at $9,654,000 after buying an additional 11,406 shares in the last quarter. Choreo LLC increased its holdings 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 in the last quarter. U.S. Capital Wealth Advisors LLC bought a new position in shares of International Flavors & Fragrances in the fourth quarter valued at $7,508,000. Regents Gate Capital LLP bought a new position in shares of International Flavors & Fragrances in the fourth quarter valued at $6,044,000. Finally, Proficio Capital Partners LLC bought a new position in shares of International Flavors & Fragrances in the fourth quarter valued at $8,099,000. 96.02% of the stock is currently owned by institutional investors and hedge funds.

International Flavors & Fragrances Stock Performance

Shares of NYSE:IFF traded down $1.65 during midday trading on Wednesday, hitting $75.60. The company's stock had a trading volume of 300,473 shares, compared to its average volume of 1,521,348. The stock has a market capitalization of $19.34 billion, a price-to-earnings ratio of 80.44, a PEG ratio of 1.45 and a beta of 1.08. The stock's 50 day simple moving average is $75.36 and its 200 day simple moving average is $81.75. International Flavors & Fragrances Inc. has a fifty-two week low of $65.85 and a fifty-two week high of $106.77. The company has a debt-to-equity ratio of 0.54, a quick ratio of 1.93 and a current ratio of 1.84.

International Flavors & Fragrances (NYSE:IFF - Get Free Report) last issued its quarterly earnings results on Tuesday, May 6th. The specialty chemicals company reported $1.20 earnings per share (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 for 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 firm's revenue was down 1.9% compared to the same quarter last year. As a group, research analysts anticipate that International Flavors & Fragrances Inc. will post 4.32 earnings per share for the current year.

International Flavors & Fragrances Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, July 11th. Investors of record on Friday, June 20th will be paid a $0.40 dividend. This represents a $1.60 annualized dividend and a dividend yield of 2.12%. The ex-dividend date is Friday, June 20th. International Flavors & Fragrances's payout ratio is presently -48.93%.

Insider Activity at International Flavors & Fragrances

In other International Flavors & Fragrances news, CEO J Erik Fyrwald bought 700 shares of the stock in a transaction on Thursday, May 8th. The stock was purchased at an average price of $74.00 per share, with a total value of $51,800.00. Following the acquisition, the chief executive officer now owns 37,770 shares of the company's stock, valued at approximately $2,794,980. The trade was a 1.89% increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Kevin O'byrne bought 4,500 shares of the stock in a transaction on Thursday, May 22nd. The shares were acquired at an average cost of $76.05 per share, with a total value of $342,225.00. Following the acquisition, the director now directly owns 7,696 shares in the company, valued at approximately $585,280.80. This trade represents a 140.80% increase in their position. The disclosure for this purchase can be found here. Over the last 90 days, insiders purchased 28,550 shares of company stock worth $2,211,372. Company insiders own 0.20% of the company's stock.

Analysts Set New Price Targets

Several analysts have issued reports on the stock. Bank of America cut their target price on shares of 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. Morgan Stanley lowered their price target on shares of International Flavors & Fragrances from $100.00 to $98.00 and set an "overweight" rating on the stock in a report on Tuesday, May 13th. Mizuho lowered 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. Citigroup boosted their price target on shares of International Flavors & Fragrances from $84.00 to $90.00 and gave the company a "buy" rating in a report on Thursday, May 8th. Finally, Barclays upgraded shares of International Flavors & Fragrances from an "equal weight" rating to an "overweight" rating and boosted their price target for the company from $76.00 to $84.00 in a report on Thursday, May 8th. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and twelve have assigned a buy rating to the company. According to MarketBeat.com, 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.