Edgestream Partners L.P. Buys Shares of 47,197 International Flavors & Fragrances Inc. (NYSE:IFF)

Edgestream Partners L.P. purchased a new stake in International Flavors & Fragrances Inc. (NYSE:IFF - Free Report) in the 4th quarter, according to its most recent filing with the SEC. The institutional investor purchased 47,197 shares of the specialty chemicals company's stock, valued at approximately $3,991,000.

Several other hedge funds also recently added to or reduced their stakes in the stock. Farther Finance Advisors LLC lifted its position in International Flavors & Fragrances by 15.6% during the 3rd quarter. Farther Finance Advisors LLC now owns 1,155 shares of the specialty chemicals company's stock worth $121,000 after acquiring an additional 156 shares in the last quarter. Janney Montgomery Scott LLC purchased a new position in shares of International Flavors & Fragrances in the third quarter valued at $2,292,000. QRG Capital Management Inc. grew its holdings in International Flavors & Fragrances by 36.9% during the 3rd quarter. QRG Capital Management Inc. now owns 4,389 shares of the specialty chemicals company's stock valued at $461,000 after purchasing an additional 1,183 shares in the last quarter. Principal Financial Group Inc. lifted its holdings in 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 buying an additional 9,555 shares in the last quarter. Finally, Assetmark Inc. boosted its position in International Flavors & Fragrances by 6.4% in the 3rd quarter. Assetmark Inc. now owns 11,839 shares of the specialty chemicals company's stock valued at $1,242,000 after buying an additional 710 shares during the last quarter. 96.02% of the stock is owned by hedge funds and other institutional investors.

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Analyst Upgrades and Downgrades

Several research analysts recently commented on IFF shares. Bank of America cut their price target 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. Argus upgraded International Flavors & Fragrances from a "hold" rating to a "buy" rating in a research note on Tuesday, January 7th. Citigroup dropped their price target on shares of International Flavors & Fragrances from $110.00 to $105.00 and set a "buy" rating for the company in a research note on Wednesday, December 18th. Wells Fargo & Company cut their target price on shares of International Flavors & Fragrances from $115.00 to $105.00 and set an "overweight" rating on the stock in a research note on Thursday, February 20th. Finally, JPMorgan Chase & Co. decreased their price target on International Flavors & Fragrances from $107.00 to $104.00 and set an "overweight" rating for the company in a research note on Thursday, February 20th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and twelve have assigned a buy rating to the company's stock. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of $103.50.

Insider Transactions at International Flavors & Fragrances

In related news, Director Kevin O'byrne purchased 6,500 shares of the company's stock in a transaction on Wednesday, March 5th. The shares were bought at an average price of $80.44 per share, with a total value of $522,860.00. Following the completion of the acquisition, the director now owns 6,500 shares of the company's stock, valued at approximately $522,860. This represents a ∞ increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Corporate insiders own 0.20% of the company's stock.

International Flavors & Fragrances Stock Performance

Shares of NYSE IFF traded down $0.28 during midday trading on Wednesday, hitting $79.60. 2,974,451 shares of the company's stock were exchanged, compared to its average volume of 1,474,441. The company has a debt-to-equity ratio of 0.54, a current ratio of 1.84 and a quick ratio of 1.93. International Flavors & Fragrances Inc. has a twelve month low of $78.91 and a twelve month high of $106.77. The stock's 50 day moving average price is $83.64 and its 200-day moving average price is $91.98. The firm has a market cap of $20.36 billion, a P/E ratio of 84.68, a PEG ratio of 1.45 and a beta of 1.21.

International Flavors & Fragrances (NYSE:IFF - Get Free Report) last posted its quarterly earnings data on Tuesday, February 18th. The specialty chemicals company reported $0.97 EPS for the quarter, beating analysts' consensus estimates of $0.83 by $0.14. International Flavors & Fragrances had a net margin of 2.12% and a return on equity of 7.72%. The business had revenue of $2.77 billion for the quarter, compared to analyst estimates of $2.67 billion. Equities research analysts anticipate that International Flavors & Fragrances Inc. will post 4.32 EPS for the current year.

International Flavors & Fragrances Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, April 11th. Stockholders of record on Friday, March 21st will be given a dividend of $0.40 per share. The ex-dividend date is Friday, March 21st. This represents a $1.60 annualized dividend and a dividend yield of 2.01%. International Flavors & Fragrances's dividend payout ratio (DPR) is 170.21%.

International Flavors & Fragrances 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.