Graham Capital Management L.P. Has $5.67 Million Stake in International Flavors & Fragrances Inc. (NYSE:IFF)

Graham Capital Management L.P. boosted its holdings in International Flavors & Fragrances Inc. (NYSE:IFF - Free Report) by 671.1% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 67,023 shares of the specialty chemicals company's stock after purchasing an additional 58,331 shares during the quarter. Graham Capital Management L.P.'s holdings in International Flavors & Fragrances were worth $5,667,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently bought and sold shares of the stock. SBI Securities Co. Ltd. acquired a new stake in International Flavors & Fragrances in the fourth quarter worth about $32,000. Fairway Wealth LLC purchased a new position in International Flavors & Fragrances during the 4th quarter valued at about $34,000. Rialto Wealth Management LLC acquired a new stake in International Flavors & Fragrances in the 4th quarter valued at about $42,000. Principal Securities Inc. raised its position 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 acquiring an additional 171 shares in the last quarter. Finally, Sugar Maple Asset Management LLC acquired a new position in International Flavors & Fragrances during the fourth quarter worth approximately $78,000. Hedge funds and other institutional investors own 96.02% of the company's stock.

Insider Transactions at International Flavors & Fragrances

In related news, CEO J Erik Fyrwald purchased 700 shares of the company's stock in a transaction on Thursday, May 8th. The shares were bought at an average cost of $74.00 per share, for a total transaction of $51,800.00. Following the completion of the purchase, the chief executive officer now directly owns 37,770 shares of the company's stock, valued at approximately $2,794,980. This trade represents a 1.89% increase in their position. The purchase was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Kevin O'byrne bought 6,500 shares of International Flavors & Fragrances stock in a transaction dated Wednesday, March 5th. The stock was purchased at an average price of $80.44 per share, with a total value of $522,860.00. Following the purchase, the director now directly owns 6,500 shares in the company, valued at approximately $522,860. This trade represents a ∞ increase in their position. The disclosure for this purchase can be found here. Insiders own 0.20% of the company's stock.

Wall Street Analyst Weigh In

A number of analysts have commented on the company. Cfra downgraded International Flavors & Fragrances from a "buy" rating to a "sell" rating and set a $77.00 target price on the stock. in a research report on Thursday, February 20th. Robert W. Baird lowered their price objective on International Flavors & Fragrances from $110.00 to $100.00 and set an "outperform" rating for the company in a research note on Thursday, May 8th. Stifel Nicolaus cut their price target on International Flavors & Fragrances from $105.00 to $91.00 and set a "buy" rating on the stock in a report on Thursday, April 10th. Wells Fargo & Company lowered their target price on International Flavors & Fragrances from $105.00 to $90.00 and set an "overweight" rating on the stock in a research report on Wednesday, April 9th. Finally, UBS Group raised their target price on International Flavors & Fragrances from $82.00 to $83.00 and gave the stock a "neutral" rating in a research report on Wednesday, May 7th. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and twelve have assigned a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $92.69.

International Flavors & Fragrances Stock Performance

IFF stock traded down $0.82 during midday trading on Tuesday, reaching $75.53. 200,610 shares of the company's stock traded hands, compared to its average volume of 1,516,070. The stock has a market cap of $19.32 billion, a P/E ratio of 80.69, a PEG ratio of 1.45 and a beta of 1.08. International Flavors & Fragrances Inc. has a 52-week low of $65.85 and a 52-week high of $106.77. The stock's 50-day moving average is $76.29 and its 200 day moving average is $83.24. 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 released its earnings results on Tuesday, May 6th. The specialty chemicals company reported $1.20 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.12 by $0.08. The firm had revenue of $2.84 billion during the quarter, compared to analyst estimates of $2.83 billion. International Flavors & Fragrances had a net margin of 2.12% and a return on equity of 7.72%. The business's revenue was down 1.9% on a year-over-year basis. During the same quarter last year, the business earned $1.13 EPS. As a group, analysts anticipate that International Flavors & Fragrances Inc. will post 4.32 EPS for the current year.

International Flavors & Fragrances Dividend Announcement

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

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.