International Flavors & Fragrances Inc. (NYSE:IFF) Shares Bought by F M Investments LLC

F M Investments LLC boosted its holdings in shares of International Flavors & Fragrances Inc. (NYSE:IFF - Free Report) by 23.1% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 75,765 shares of the specialty chemicals company's stock after acquiring an additional 14,218 shares during the period. F M Investments LLC's holdings in International Flavors & Fragrances were worth $6,406,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently modified their holdings of the business. Norges Bank purchased a new stake in International Flavors & Fragrances in the 4th quarter valued at approximately $452,363,000. Van ECK Associates Corp boosted its stake in shares of International Flavors & Fragrances by 41.6% during the fourth quarter. Van ECK Associates Corp now owns 5,664,250 shares of the specialty chemicals company's stock valued at $478,912,000 after acquiring an additional 1,663,629 shares during the last quarter. Nordea Investment Management AB raised its stake in International Flavors & Fragrances by 25.7% in the 4th quarter. Nordea Investment Management AB now owns 5,489,741 shares of the specialty chemicals company's stock valued at $464,926,000 after purchasing an additional 1,121,414 shares during the last quarter. Invesco Ltd. grew its holdings in shares of International Flavors & Fragrances by 20.0% during the fourth quarter. Invesco Ltd. now owns 2,595,110 shares of the specialty chemicals company's stock worth $219,417,000 after buying an additional 433,048 shares in the last quarter. Finally, FIL Ltd lifted its stake in shares of International Flavors & Fragrances by 102.6% during the fourth quarter. FIL Ltd now owns 653,589 shares of the specialty chemicals company's stock valued at $55,261,000 after buying an additional 330,981 shares during the period. Hedge funds and other institutional investors own 96.02% of the company's stock.

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Insider Buying and Selling at International Flavors & Fragrances

In related news, Director Kevin O'byrne bought 6,500 shares of the company's stock in a transaction on Wednesday, March 5th. The shares were purchased 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 of the company's stock, valued at approximately $522,860. This represents a ∞ increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is accessible through the SEC website. 0.20% of the stock is currently owned by insiders.

International Flavors & Fragrances Stock Down 1.1 %

IFF stock traded down $0.84 during mid-day trading on Tuesday, hitting $72.64. 421,757 shares of the company were exchanged, compared to its average volume of 1,513,159. The company has a market capitalization of $18.58 billion, a PE ratio of 77.28, a price-to-earnings-growth ratio of 1.45 and a beta of 1.21. The firm has a fifty day simple moving average of $79.16 and a 200 day simple moving average of $87.10. The company has a current ratio of 1.84, a quick ratio of 1.93 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.

International Flavors & Fragrances (NYSE:IFF - Get Free Report) last announced its quarterly earnings data 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. The firm had revenue of $2.77 billion for the quarter, compared to analysts' expectations of $2.67 billion. International Flavors & Fragrances had a return on equity of 7.72% and a net margin of 2.12%. On average, research analysts forecast that International Flavors & Fragrances Inc. will post 4.32 earnings per share for the current fiscal year.

International Flavors & Fragrances Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, April 11th. Investors of record on Friday, March 21st were given a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a dividend yield of 2.20%. The ex-dividend date of this dividend was Friday, March 21st. International Flavors & Fragrances's dividend payout ratio is presently 170.21%.

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on IFF shares. Argus raised International Flavors & Fragrances from a "hold" rating to a "buy" rating in a research report on Tuesday, January 7th. Wells Fargo & Company cut their price target on shares of International Flavors & Fragrances from $105.00 to $90.00 and set an "overweight" rating on the stock in a report on Wednesday, April 9th. Stifel Nicolaus decreased their price objective on shares of International Flavors & Fragrances from $105.00 to $91.00 and set a "buy" rating for the company in a research note on Thursday, April 10th. Cfra downgraded shares of International Flavors & Fragrances from a "buy" rating to a "sell" rating and set a $77.00 target price on the stock. in a research note on Thursday, February 20th. Finally, Morgan Stanley lowered their price target on International Flavors & Fragrances from $106.00 to $100.00 and set an "overweight" rating for the company in a report on Thursday, April 10th. One analyst has rated the stock with a sell rating, two have given a hold rating and eleven have given a buy rating to the stock. According to data from MarketBeat, International Flavors & Fragrances has an average rating of "Moderate Buy" and a consensus target price of $95.69.

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.