Crestline Management LP Has $2.68 Million Stock Position in International Flavors & Fragrances Inc. (NYSE:IFF)

Crestline Management LP raised its holdings in International Flavors & Fragrances Inc. (NYSE:IFF - Free Report) by 796.9% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 31,686 shares of the specialty chemicals company's stock after buying an additional 28,153 shares during the quarter. Crestline Management LP's holdings in International Flavors & Fragrances were worth $2,679,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of IFF. Tidal Investments LLC lifted its position in International Flavors & Fragrances by 9.3% during the third quarter. Tidal Investments LLC now owns 8,809 shares of the specialty chemicals company's stock valued at $924,000 after buying an additional 750 shares in the last quarter. Principal Financial Group Inc. boosted its position in International Flavors & Fragrances by 2.1% during the 3rd quarter. Principal Financial Group Inc. now owns 470,676 shares of the specialty chemicals company's stock worth $49,388,000 after purchasing an additional 9,555 shares during the period. First Hawaiian Bank raised its position in International Flavors & Fragrances by 13.3% in the fourth quarter. First Hawaiian Bank now owns 27,330 shares of the specialty chemicals company's stock valued at $2,311,000 after purchasing an additional 3,202 shares during the period. Czech National Bank boosted its position in shares of International Flavors & Fragrances by 6.4% in the fourth quarter. Czech National Bank now owns 55,437 shares of the specialty chemicals company's stock worth $4,687,000 after buying an additional 3,357 shares during the period. Finally, Wedmont Private Capital boosted its holdings in International Flavors & Fragrances by 43.4% in the 4th quarter. Wedmont Private Capital now owns 3,414 shares of the specialty chemicals company's stock worth $278,000 after acquiring an additional 1,033 shares during the period. Institutional investors and hedge funds own 96.02% of the company's stock.

International Flavors & Fragrances Price Performance

Shares of NYSE:IFF traded up $2.94 during trading hours on Monday, hitting $76.37. 1,889,958 shares of the company's stock traded hands, compared to its average volume of 1,521,116. The company's fifty day simple moving average is $76.39 and its two-hundred day simple moving average is $83.41. The company has a market cap of $19.53 billion, a price-to-earnings ratio of 81.24, a price-to-earnings-growth ratio of 1.45 and a beta of 1.08. 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 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 issued 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 for the quarter, compared to analysts' expectations of $2.83 billion. During the same period in the previous year, the firm posted $1.13 EPS. The company's quarterly revenue was down 1.9% on a year-over-year basis. As a group, equities analysts anticipate that International Flavors & Fragrances Inc. will post 4.32 EPS for the current fiscal year.

International Flavors & Fragrances Announces Dividend

The firm also recently disclosed 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 2.10%. The ex-dividend date of this dividend is Friday, June 20th. International Flavors & Fragrances's payout ratio is presently -48.93%.

Insider Transactions at International Flavors & Fragrances

In other news, CEO J Erik Fyrwald bought 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, for a total transaction of $51,800.00. Following the purchase, the chief executive officer now owns 37,770 shares of the company's stock, valued at approximately $2,794,980. This trade represents a 1.89% increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Kevin O'byrne purchased 6,500 shares of the business's stock in a transaction that occurred on Wednesday, March 5th. The stock was acquired at an average cost of $80.44 per share, with a total value of $522,860.00. Following the completion of the acquisition, the director now directly owns 6,500 shares of the company's stock, valued at $522,860. The trade was a ∞ increase in their ownership of the stock. The disclosure for this purchase can be found here. 0.20% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on IFF shares. Oppenheimer reduced their price target on shares of International Flavors & Fragrances from $104.00 to $89.00 and set an "outperform" rating on the stock in a research report on Tuesday, April 22nd. Wells Fargo & Company reduced their price objective on International Flavors & Fragrances from $105.00 to $90.00 and set an "overweight" rating on the stock in a research note on Wednesday, April 9th. Morgan Stanley lowered their target price on shares of International Flavors & Fragrances from $106.00 to $100.00 and set an "overweight" rating for the company in a research note on Thursday, April 10th. Citigroup raised their price target on shares of International Flavors & Fragrances from $84.00 to $90.00 and gave the stock a "buy" rating in a research report on Thursday. Finally, Cfra cut shares of International Flavors & Fragrances from a "buy" rating to a "sell" rating and set a $77.00 target price on the stock. in a report on Thursday, February 20th. One investment 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. According to MarketBeat.com, International Flavors & Fragrances has an average rating of "Moderate Buy" and a consensus target price of $92.69.

About International Flavors & Fragrances

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.