D. E. Shaw & Co. Inc. Grows Stake in International Flavors & Fragrances Inc. (NYSE:IFF)

D. E. Shaw & Co. Inc. grew its stake in shares of International Flavors & Fragrances Inc. (NYSE:IFF - Free Report) by 287.9% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 72,243 shares of the specialty chemicals company's stock after buying an additional 53,620 shares during the period. D. E. Shaw & Co. Inc.'s holdings in International Flavors & Fragrances were worth $6,108,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in the stock. UMB Bank n.a. grew its position in shares of International Flavors & Fragrances by 8.9% during the fourth quarter. UMB Bank n.a. now owns 1,458 shares of the specialty chemicals company's stock worth $123,000 after purchasing an additional 119 shares in the last quarter. Truist Financial Corp boosted its stake in International Flavors & Fragrances by 0.7% in the 4th quarter. Truist Financial Corp now owns 19,908 shares of the specialty chemicals company's stock worth $1,683,000 after purchasing an additional 129 shares during the period. Wahed Invest LLC grew its holdings in International Flavors & Fragrances by 2.1% during the 4th quarter. Wahed Invest LLC now owns 6,339 shares of the specialty chemicals company's stock valued at $536,000 after buying an additional 130 shares in the last quarter. United Community Bank raised its position in shares of International Flavors & Fragrances by 19.4% during the fourth quarter. United Community Bank now owns 925 shares of the specialty chemicals company's stock valued at $78,000 after buying an additional 150 shares during the last quarter. Finally, Commerce Bank grew its stake in International Flavors & Fragrances by 3.8% during the fourth quarter. Commerce Bank now owns 4,141 shares of the specialty chemicals company's stock valued at $350,000 after acquiring an additional 152 shares in the last quarter. 96.02% of the stock is currently owned by institutional investors.

International Flavors & Fragrances Price Performance

Shares of IFF stock traded up $0.50 during trading hours on Tuesday, reaching $77.84. The company had a trading volume of 1,533,748 shares, compared to its average volume of 1,520,596. International Flavors & Fragrances Inc. has a 12-month low of $65.85 and a 12-month 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. The company has a market capitalization of $19.91 billion, a price-to-earnings ratio of 82.81, a PEG ratio of 1.45 and a beta of 1.08. The stock has a fifty day moving average of $75.84 and a 200-day moving average of $82.39.

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 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.12 by $0.08. The business had revenue of $2.84 billion during the quarter, compared to the consensus estimate 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% compared to the same quarter last year. During the same quarter last year, the firm earned $1.13 EPS. On average, equities 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 declared a quarterly dividend, which will be paid on Friday, July 11th. Shareholders of record on Friday, June 20th will be issued a dividend of $0.40 per share. The ex-dividend date is Friday, June 20th. This represents a $1.60 annualized dividend and a yield of 2.06%. International Flavors & Fragrances's dividend payout ratio (DPR) is -48.93%.

Insider Buying and Selling at International Flavors & Fragrances

In other International Flavors & Fragrances news, EVP Stephen N. Landsman purchased 12,000 shares of the firm's stock in a transaction on Monday, May 19th. The stock was bought at an average cost of $77.28 per share, with a total value of $927,360.00. Following the acquisition, the executive vice president now directly owns 12,000 shares of the company's stock, valued at approximately $927,360. This represents a ∞ increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CAO Beril Yildiz sold 2,400 shares of International Flavors & Fragrances stock in a transaction dated Monday, May 19th. The stock was sold at an average price of $77.33, for a total value of $185,592.00. Following the sale, the chief accounting officer now owns 3,321 shares in the company, valued at $256,812.93. This trade represents a 41.95% decrease in their position. The disclosure for this sale can be found here. Insiders have purchased 24,050 shares of company stock valued at $1,869,147 in the last quarter. Corporate insiders own 0.20% of the company's stock.

Analyst Ratings Changes

A number of research analysts have recently commented on IFF shares. Oppenheimer lowered their target price on International Flavors & Fragrances from $104.00 to $89.00 and set an "outperform" rating for the company in a research report on Tuesday, April 22nd. Barclays upgraded shares of International Flavors & Fragrances from an "equal weight" rating to an "overweight" rating and increased their price objective for the company from $76.00 to $84.00 in a research report on Thursday, May 8th. UBS Group upped their target price on shares of International Flavors & Fragrances from $82.00 to $83.00 and gave the company a "neutral" rating in a research report on Wednesday, May 7th. Cfra lowered International Flavors & Fragrances from a "buy" rating to a "sell" rating and set a $77.00 price target for the company. in a research report on Thursday, February 20th. Finally, JPMorgan Chase & Co. decreased their price objective on International Flavors & Fragrances from $107.00 to $104.00 and set an "overweight" rating on the stock in a research 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 given a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price 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.