Point72 Asset Management L.P. Increases Holdings in International Flavors & Fragrances Inc. (NYSE:IFF)

Point72 Asset Management L.P. raised its stake in International Flavors & Fragrances Inc. (NYSE:IFF - Free Report) by 49.6% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 446,186 shares of the specialty chemicals company's stock after purchasing an additional 148,021 shares during the period. Point72 Asset Management L.P. owned 0.17% of International Flavors & Fragrances worth $37,725,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of the business. SBI Securities Co. Ltd. acquired a new position in International Flavors & Fragrances during the fourth quarter worth about $32,000. Fairway Wealth LLC acquired a new stake in International Flavors & Fragrances in the fourth quarter valued at approximately $34,000. Rialto Wealth Management LLC acquired a new stake in International Flavors & Fragrances in the fourth quarter valued at approximately $42,000. Principal Securities Inc. lifted its stake 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 worth $54,000 after buying an additional 171 shares during the last quarter. Finally, Sugar Maple Asset Management LLC acquired a new stake in shares of International Flavors & Fragrances in the fourth quarter worth $78,000. 96.02% of the stock is owned by institutional investors and hedge funds.

International Flavors & Fragrances Stock Performance

IFF traded up $0.50 during midday trading on Tuesday, reaching $77.84. The company had a trading volume of 1,533,748 shares, compared to its average volume of 1,520,157. The company has a quick ratio of 1.93, a current ratio of 1.84 and a debt-to-equity ratio of 0.54. The business has a 50-day moving average of $75.84 and a two-hundred day moving average of $82.39. The company has a market cap of $19.91 billion, a P/E ratio of 82.81, a P/E/G ratio of 1.45 and a beta of 1.08. International Flavors & Fragrances Inc. has a 1 year low of $65.85 and a 1 year high of $106.77.

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

International Flavors & Fragrances Announces Dividend

The firm 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. 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 2.06%. International Flavors & Fragrances's payout ratio is -48.93%.

Insider Buying and Selling at International Flavors & Fragrances

In other news, Director Hernandez Margarita Palau acquired 850 shares of International Flavors & Fragrances stock in a transaction that occurred on Monday, May 19th. The stock was purchased at an average price of $77.42 per share, for a total transaction of $65,807.00. Following the completion of the transaction, the director now directly owns 2,393 shares in the company, valued at approximately $185,266.06. This trade represents a 55.09% increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO J Erik Fyrwald purchased 700 shares of International Flavors & Fragrances stock in a transaction dated Thursday, May 8th. The shares were bought at an average price of $74.00 per share, with a total value of $51,800.00. Following the completion of the transaction, the chief executive officer now owns 37,770 shares in the company, valued at approximately $2,794,980. This trade represents a 1.89% increase in their position. The disclosure for this purchase can be found here. Insiders bought 24,050 shares of company stock valued at $1,869,147 over the last quarter. 0.20% of the stock is currently owned by insiders.

Analysts Set New Price Targets

IFF has been the topic of a number of recent analyst reports. 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 research report on Thursday, May 8th. Cfra cut shares of 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 reduced their target price on shares of 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. JPMorgan Chase & Co. lowered their target price on International Flavors & Fragrances from $107.00 to $104.00 and set an "overweight" rating for the company in a research note on Thursday, February 20th. Finally, Morgan Stanley lowered their price objective on International Flavors & Fragrances from $100.00 to $98.00 and set an "overweight" rating for the company in a research note on Tuesday, May 13th. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and twelve have given a buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $92.54.

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.