PDT Partners LLC Makes New Investment in International Flavors & Fragrances Inc. (NYSE:IFF)

PDT Partners LLC purchased a new stake in International Flavors & Fragrances Inc. (NYSE:IFF - Free Report) during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 3,363 shares of the specialty chemicals company's stock, valued at approximately $284,000.

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

International Flavors & Fragrances Stock Up 0.1 %

Shares of IFF stock traded up $0.06 on Monday, reaching $79.12. 1,143,937 shares of the company were exchanged, compared to its average volume of 1,528,102. The company has a 50-day moving average of $76.86 and a 200-day moving average of $84.21. International Flavors & Fragrances Inc. has a one year low of $65.85 and a one year high of $106.77. The company has a debt-to-equity ratio of 0.54, a current ratio of 1.84 and a quick ratio of 1.93. The company has a market cap of $20.23 billion, a price-to-earnings ratio of 84.17, a PEG 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, February 18th. The specialty chemicals company reported $0.97 EPS for the quarter, beating the consensus estimate of $0.83 by $0.14. International Flavors & Fragrances had a return on equity of 7.72% and a net margin of 2.12%. The firm had revenue of $2.77 billion during the quarter, compared to the consensus estimate of $2.67 billion. Analysts anticipate that International Flavors & Fragrances Inc. will post 4.32 earnings per share for the current year.

International Flavors & Fragrances Announces Dividend

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 issued a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a dividend yield of 2.02%. The ex-dividend date of this dividend is Friday, June 20th. International Flavors & Fragrances's dividend payout ratio is currently 170.21%.

Insider Buying and Selling

In related news, Director Kevin O'byrne acquired 6,500 shares of the stock in a transaction dated Wednesday, March 5th. The stock was purchased at an average cost of $80.44 per share, with a total value of $522,860.00. Following the completion of the purchase, the director now directly owns 6,500 shares in the company, valued at $522,860. This trade represents a ∞ increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.20% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on IFF shares. Stifel Nicolaus reduced their price target on shares of International Flavors & Fragrances from $105.00 to $91.00 and set a "buy" rating on the stock in a research note on Thursday, April 10th. Oppenheimer decreased their target price on shares of International Flavors & Fragrances from $104.00 to $89.00 and set an "outperform" rating on the stock in a research note on Tuesday, April 22nd. Barclays dropped their price target on International Flavors & Fragrances from $82.00 to $76.00 and set an "equal weight" rating for the company in a research note on Monday, April 14th. Argus raised International Flavors & Fragrances from a "hold" rating to a "buy" rating in a report on Tuesday, January 7th. Finally, Wells Fargo & Company dropped their target price on International Flavors & Fragrances from $105.00 to $90.00 and set an "overweight" rating for the company in a research report on Wednesday, April 9th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and eleven have assigned a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $94.54.

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.