Schonfeld Strategic Advisors LLC Purchases 5,541 Shares of International Flavors & Fragrances Inc. (NYSE:IFF)

Schonfeld Strategic Advisors LLC lifted its stake in International Flavors & Fragrances Inc. (NYSE:IFF - Free Report) by 5.4% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 107,845 shares of the specialty chemicals company's stock after acquiring an additional 5,541 shares during the period. Schonfeld Strategic Advisors LLC's holdings in International Flavors & Fragrances were worth $9,118,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also made changes to their positions in IFF. Wilmington Savings Fund Society FSB bought a new stake in shares of International Flavors & Fragrances in the 3rd quarter worth approximately $406,000. Tidal Investments LLC boosted its stake in shares of International Flavors & Fragrances by 9.3% during the 3rd quarter. Tidal Investments LLC now owns 8,809 shares of the specialty chemicals company's stock worth $924,000 after acquiring an additional 750 shares in the last quarter. Principal Financial Group Inc. grew its holdings in shares of International Flavors & Fragrances by 2.1% in the 3rd quarter. Principal Financial Group Inc. now owns 470,676 shares of the specialty chemicals company's stock worth $49,388,000 after acquiring an additional 9,555 shares during the last quarter. Versant Capital Management Inc lifted its holdings in shares of International Flavors & Fragrances by 46.8% during the fourth quarter. Versant Capital Management Inc now owns 1,041 shares of the specialty chemicals company's stock valued at $88,000 after purchasing an additional 332 shares during the last quarter. Finally, Central Pacific Bank Trust Division boosted its position in shares of International Flavors & Fragrances by 8.2% in the 4th quarter. Central Pacific Bank Trust Division now owns 10,600 shares of the specialty chemicals company's stock valued at $896,000 after purchasing an additional 800 shares during the period. 96.02% of the stock is currently owned by institutional investors.

Insider Transactions at International Flavors & Fragrances

In other International Flavors & Fragrances news, Director Kevin O'byrne acquired 6,500 shares of International Flavors & Fragrances stock in a transaction dated Wednesday, March 5th. The stock was 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 of the company's stock, valued at approximately $522,860. The trade was a ∞ increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 0.20% of the company's stock.

International Flavors & Fragrances Stock Performance

IFF stock traded down $0.25 during midday trading on Tuesday, hitting $78.90. 259,672 shares of the company traded hands, compared to its average volume of 1,523,119. The business has a 50 day simple moving average of $76.86 and a 200-day simple moving average of $84.21. The company has a quick ratio of 1.93, a current ratio of 1.84 and a debt-to-equity ratio of 0.54. International Flavors & Fragrances Inc. has a twelve month low of $65.85 and a twelve month high of $106.77. The stock has a market capitalization of $20.18 billion, a price-to-earnings ratio of 83.94, a price-to-earnings-growth ratio of 1.45 and a beta of 1.08.

International Flavors & Fragrances (NYSE:IFF - Get Free Report) last released its earnings results on Tuesday, February 18th. The specialty chemicals company reported $0.97 earnings per share for the quarter, topping analysts' consensus estimates of $0.83 by $0.14. The firm had revenue of $2.77 billion during the quarter, compared to analyst estimates of $2.67 billion. International Flavors & Fragrances had a net margin of 2.12% and a return on equity of 7.72%. As a group, equities research analysts predict 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 $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a yield of 2.03%. The ex-dividend date is Friday, June 20th. International Flavors & Fragrances's dividend payout ratio (DPR) is presently 170.21%.

Analyst Upgrades and Downgrades

IFF has been the subject of several recent analyst reports. Oppenheimer decreased their target price on shares of International Flavors & Fragrances from $104.00 to $89.00 and set an "outperform" rating for the company in a report on Tuesday, April 22nd. Morgan Stanley lowered their price objective on shares of International Flavors & Fragrances from $106.00 to $100.00 and set an "overweight" rating on the stock in a research report on Thursday, April 10th. Cfra lowered International Flavors & Fragrances from a "buy" rating to a "sell" rating and set a $77.00 target price for the company. in a report on Thursday, February 20th. Barclays lowered their price target on International Flavors & Fragrances from $82.00 to $76.00 and set an "equal weight" rating on the stock in a report on Monday, April 14th. Finally, Bank of America lowered their target price on International Flavors & Fragrances from $105.00 to $101.00 and set a "buy" rating on the stock in a research note on Thursday, February 20th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and eleven have assigned a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $94.54.

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.