International Flavors & Fragrances Inc. (NYSE:IFF) Shares Bought by Occudo Quantitative Strategies LP

Occudo Quantitative Strategies LP raised its position in shares of International Flavors & Fragrances Inc. (NYSE:IFF - Free Report) by 146.3% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 13,669 shares of the specialty chemicals company's stock after purchasing an additional 8,120 shares during the period. Occudo Quantitative Strategies LP's holdings in International Flavors & Fragrances were worth $1,156,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in IFF. SBI Securities Co. Ltd. bought a new stake in shares of International Flavors & Fragrances in the fourth quarter worth about $32,000. Fairway Wealth LLC purchased a new position in shares of International Flavors & Fragrances in the fourth quarter worth $34,000. Rialto Wealth Management LLC purchased a new stake in shares of International Flavors & Fragrances during the 4th quarter valued at about $42,000. Principal Securities Inc. grew its position in International Flavors & Fragrances by 36.6% in the 4th 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 period. Finally, Sugar Maple Asset Management LLC purchased a new stake in International Flavors & Fragrances during the fourth quarter valued at $78,000. Hedge funds and other institutional investors own 96.02% of the company's stock.

Insider Transactions at International Flavors & Fragrances

In other news, Director Kevin O'byrne bought 6,500 shares of International Flavors & Fragrances stock in a transaction on Wednesday, March 5th. The shares were bought at an average cost of $80.44 per share, for a total transaction 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 transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director Mehmood Khan acquired 4,000 shares of the business's stock in a transaction dated Thursday, May 15th. The shares were bought at an average price of $75.33 per share, for a total transaction of $301,320.00. Following the completion of the acquisition, the director now owns 4,604 shares in the company, valued at approximately $346,819.32. This trade represents a 662.25% increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders have purchased a total of 11,200 shares of company stock valued at $875,980 in the last ninety days. 0.20% of the stock is currently owned by company insiders.

International Flavors & Fragrances Stock Performance

Shares of International Flavors & Fragrances stock traded up $1.55 during trading on Friday, reaching $77.68. The company's stock had a trading volume of 1,384,469 shares, compared to its average volume of 1,523,655. The company has a 50-day moving average price of $75.89 and a two-hundred day moving average price of $82.79. The firm has a market cap of $19.87 billion, a PE ratio of 82.64, a P/E/G ratio of 1.45 and a beta of 1.08. International Flavors & Fragrances Inc. has a fifty-two week low of $65.85 and a fifty-two week high of $106.77. 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 announced its quarterly earnings data on Tuesday, May 6th. The specialty chemicals company reported $1.20 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.12 by $0.08. The company had revenue of $2.84 billion for the quarter, compared to analysts' expectations of $2.83 billion. International Flavors & Fragrances had a net margin of 2.12% and a return on equity of 7.72%. International Flavors & Fragrances's revenue was down 1.9% compared to the same quarter last year. During the same period in the previous year, the company posted $1.13 EPS. On average, analysts forecast that International Flavors & Fragrances Inc. will post 4.32 EPS for the current year.

International Flavors & Fragrances Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, July 11th. Stockholders of record on Friday, June 20th will be paid a dividend of $0.40 per share. The ex-dividend date of this dividend is Friday, June 20th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 2.06%. International Flavors & Fragrances's dividend payout ratio (DPR) is presently -48.93%.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on the stock. Barclays raised shares of International Flavors & Fragrances from an "equal weight" rating to an "overweight" rating and lifted their price target for the company from $76.00 to $84.00 in a report on Thursday, May 8th. Citigroup boosted their price objective on shares of International Flavors & Fragrances from $84.00 to $90.00 and gave the company a "buy" rating in a research report on Thursday, May 8th. Bank of America cut their price objective on shares of International Flavors & Fragrances from $105.00 to $101.00 and set a "buy" rating on the stock in a research report on Thursday, February 20th. UBS Group boosted their price objective 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. Finally, Morgan Stanley lowered their target price on shares of International Flavors & Fragrances from $100.00 to $98.00 and set an "overweight" rating for the company in a research note on Tuesday. 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 stock. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target 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.