Dnca Finance Acquires 17,500 Shares of International Flavors & Fragrances Inc. (NYSE:IFF)

Dnca Finance boosted its stake in shares of International Flavors & Fragrances Inc. (NYSE:IFF - Free Report) by 20.8% during the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 101,815 shares of the specialty chemicals company's stock after buying an additional 17,500 shares during the period. Dnca Finance's holdings in International Flavors & Fragrances were worth $8,608,000 as of its most recent filing with the SEC.

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

Insider Buying and Selling

In related news, Director Kevin O'byrne purchased 6,500 shares of International Flavors & Fragrances stock in a transaction dated 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 purchase, the director now owns 6,500 shares in the company, valued at approximately $522,860. This trade represents a ∞ increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 0.20% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

Several analysts recently issued reports on the company. Citigroup dropped their target price on International Flavors & Fragrances from $99.00 to $84.00 and set a "buy" rating on the stock in a report on Tuesday, April 8th. Stifel Nicolaus lowered their target price on shares of International Flavors & Fragrances from $105.00 to $91.00 and set a "buy" rating on the stock in a report on Thursday, April 10th. Oppenheimer dropped their price target on shares of International Flavors & Fragrances from $104.00 to $89.00 and set an "outperform" rating on the stock in a research report on Tuesday. Argus upgraded shares of International Flavors & Fragrances from a "hold" rating to a "buy" rating in a research note on Tuesday, January 7th. Finally, Cfra downgraded shares of International Flavors & Fragrances from a "buy" rating to a "sell" rating and set a $77.00 target price for the company. in a research note on Thursday, February 20th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and eleven have given a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $94.54.

International Flavors & Fragrances Stock Performance

Shares of International Flavors & Fragrances stock traded up $0.71 during trading on Thursday, reaching $76.57. The company's stock had a trading volume of 381,588 shares, compared to its average volume of 1,530,550. 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 price is $77.52 and its 200-day moving average price is $85.91. International Flavors & Fragrances Inc. has a 52 week low of $65.85 and a 52 week high of $106.77. The firm has a market cap of $19.58 billion, a PE ratio of 81.49, a P/E/G ratio of 1.45 and a beta of 1.21.

International Flavors & Fragrances (NYSE:IFF - Get Free Report) last announced its earnings results on Tuesday, February 18th. The specialty chemicals company reported $0.97 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.83 by $0.14. The firm had revenue of $2.77 billion for 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%. Equities analysts forecast that International Flavors & Fragrances Inc. will post 4.32 earnings per share for the current year.

International Flavors & Fragrances Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, April 11th. Investors of record on Friday, March 21st were given a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a dividend yield of 2.09%. The ex-dividend date of this dividend was Friday, March 21st. International Flavors & Fragrances's payout ratio is currently 170.21%.

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.