AQR Capital Management LLC Sells 78,822 Shares of International Flavors & Fragrances Inc. (NYSE:IFF)

AQR Capital Management LLC cut its stake in shares of International Flavors & Fragrances Inc. (NYSE:IFF - Free Report) by 52.5% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 71,329 shares of the specialty chemicals company's stock after selling 78,822 shares during the period. AQR Capital Management LLC's holdings in International Flavors & Fragrances were worth $6,025,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of IFF. SBI Securities Co. Ltd. purchased a new position in shares of International Flavors & Fragrances during the fourth quarter worth about $32,000. Fairway Wealth LLC bought a new position in International Flavors & Fragrances in the fourth quarter valued at $34,000. Rialto Wealth Management LLC purchased a new stake in International Flavors & Fragrances during the fourth quarter valued at about $42,000. Principal Securities Inc. lifted its stake in International Flavors & Fragrances by 36.6% during the fourth quarter. Principal Securities Inc. now owns 638 shares of the specialty chemicals company's stock worth $54,000 after purchasing an additional 171 shares during the last quarter. Finally, Sugar Maple Asset Management LLC purchased a new position in shares of International Flavors & Fragrances in the 4th quarter worth about $78,000. 96.02% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of brokerages recently commented on IFF. JPMorgan Chase & Co. decreased their target price on shares of 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. Robert W. Baird decreased their price target on International Flavors & Fragrances from $110.00 to $100.00 and set an "outperform" rating on the stock in a research note on Thursday. Cfra lowered International Flavors & Fragrances from a "buy" rating to a "sell" rating and set a $77.00 price objective for the company. in a research note on Thursday, February 20th. Oppenheimer lowered their price objective on shares of International Flavors & Fragrances from $104.00 to $89.00 and set an "outperform" rating for the company in a research note on Tuesday, April 22nd. Finally, Bank of America lowered their price target on International Flavors & Fragrances from $105.00 to $101.00 and set a "buy" rating for the company in a research report on Thursday, February 20th. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and twelve have issued a buy rating to the company's stock. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of $92.69.

Insider Transactions at International Flavors & Fragrances

In other International Flavors & Fragrances news, Director Kevin O'byrne purchased 6,500 shares of the stock in a transaction that occurred on Wednesday, March 5th. The shares were bought at an average cost of $80.44 per share, with a total value of $522,860.00. Following the acquisition, the director now owns 6,500 shares in the company, valued at approximately $522,860. This trade represents a ∞ increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO J Erik Fyrwald acquired 700 shares of the business's stock in a transaction dated Thursday, May 8th. The shares were purchased at an average price of $74.00 per share, with a total value of $51,800.00. Following the transaction, the chief executive officer now owns 37,770 shares of the company's stock, valued at approximately $2,794,980. This represents a 1.89 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Corporate insiders own 0.20% of the company's stock.

International Flavors & Fragrances Stock Down 0.8 %

Shares of NYSE IFF traded down $0.62 during trading on Friday, reaching $73.46. The company had a trading volume of 1,850,232 shares, compared to its average volume of 1,519,632. International Flavors & Fragrances Inc. has a 12-month low of $65.85 and a 12-month high of $106.77. 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's 50-day moving average is $76.39 and its 200 day moving average is $83.55. The stock has a market cap of $18.79 billion, a PE ratio of 78.15, a P/E/G ratio of 1.45 and a beta of 1.08.

International Flavors & Fragrances (NYSE:IFF - Get Free Report) last released its quarterly earnings data on Tuesday, May 6th. The specialty chemicals company reported $1.20 earnings per share for the quarter, beating the consensus estimate of $1.12 by $0.08. International Flavors & Fragrances had a net margin of 2.12% and a return on equity of 7.72%. The firm had revenue of $2.84 billion during the quarter, compared to analysts' expectations of $2.83 billion. During the same period in the previous year, the company earned $1.13 earnings per share. The firm's quarterly revenue was down 1.9% on a year-over-year basis. As a group, equities analysts forecast that International Flavors & Fragrances Inc. will post 4.32 earnings per share for the current fiscal year.

International Flavors & Fragrances Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, July 11th. Stockholders of record on Friday, June 20th will be given a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a dividend yield of 2.18%. The ex-dividend date of this dividend is Friday, June 20th. International Flavors & Fragrances's payout ratio is -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.