Andra AP fonden Raises Stock Position in International Flavors & Fragrances Inc. (NYSE:IFF)

Andra AP fonden grew its holdings in International Flavors & Fragrances Inc. (NYSE:IFF - Free Report) by 216.1% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 46,516 shares of the specialty chemicals company's stock after purchasing an additional 31,800 shares during the period. Andra AP fonden's holdings in International Flavors & Fragrances were worth $3,933,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also recently made changes to their positions in IFF. SBI Securities Co. Ltd. acquired a new position in shares of International Flavors & Fragrances in the fourth quarter worth $32,000. Point72 Hong Kong Ltd purchased a new stake in shares of International Flavors & Fragrances in the 3rd quarter valued at about $42,000. Ashton Thomas Securities LLC acquired a new stake in shares of International Flavors & Fragrances in the 3rd quarter valued at about $48,000. Principal Securities Inc. grew its position in shares of 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 acquiring an additional 171 shares during the last quarter. Finally, Brooklyn Investment Group acquired a new position in International Flavors & Fragrances in the third quarter valued at $88,000. Hedge funds and other institutional investors own 96.02% of the company's stock.

International Flavors & Fragrances Price Performance

NYSE:IFF opened at $82.60 on Friday. The firm has a market cap of $21.12 billion, a PE ratio of 87.88, a price-to-earnings-growth ratio of 1.45 and a beta of 1.21. International Flavors & Fragrances Inc. has a 12 month low of $78.64 and a 12 month high of $106.77. The company's 50-day moving average price is $83.80 and its two-hundred day moving average price is $92.31. The company has a quick ratio of 1.93, a current ratio of 1.84 and a debt-to-equity ratio of 0.54.

Remove Ads

International Flavors & Fragrances (NYSE:IFF - Get Free Report) last posted its quarterly earnings results on Tuesday, February 18th. The specialty chemicals company reported $0.97 earnings per share (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 business had revenue of $2.77 billion for the quarter, compared to analysts' expectations of $2.67 billion. On average, equities analysts anticipate that International Flavors & Fragrances Inc. will post 4.32 EPS for the current fiscal year.

International Flavors & Fragrances Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, April 11th. Investors of record on Friday, March 21st will be issued a dividend of $0.40 per share. The ex-dividend date of this dividend is Friday, March 21st. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.94%. International Flavors & Fragrances's payout ratio is 170.21%.

Insider Activity

In other International Flavors & Fragrances news, Director Kevin O'byrne acquired 6,500 shares of the business's 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 completion of the transaction, the director now directly owns 6,500 shares in the company, valued at approximately $522,860. This represents a ∞ increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 0.20% of the company's stock.

Analyst Ratings Changes

Several analysts have recently weighed in on the stock. Bank of America lowered their target price on shares of International Flavors & Fragrances from $105.00 to $101.00 and set a "buy" rating on the stock in a report on Thursday, February 20th. Cfra cut shares of International Flavors & Fragrances from a "buy" rating to a "sell" rating and set a $77.00 price objective on the stock. in a research note on Thursday, February 20th. Barclays cut their price target on International Flavors & Fragrances from $90.00 to $88.00 and set an "equal weight" rating for the company in a report on Friday, January 17th. JPMorgan Chase & Co. reduced their price objective on shares of International Flavors & Fragrances from $107.00 to $104.00 and set an "overweight" rating on the stock in a research note on Thursday, February 20th. Finally, Argus upgraded International Flavors & Fragrances from a "hold" rating to a "buy" rating in a report on Tuesday, January 7th. One analyst has rated the stock with a sell rating, three have issued a hold rating and twelve have given a buy rating to the company's stock. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $103.50.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.