International Flavors & Fragrances Inc. (NYSE:IFF) Shares Acquired by APG Asset Management N.V.

APG Asset Management N.V. increased its position in International Flavors & Fragrances Inc. (NYSE:IFF - Free Report) by 279.3% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 177,425 shares of the specialty chemicals company's stock after buying an additional 130,642 shares during the period. APG Asset Management N.V. owned 0.07% of International Flavors & Fragrances worth $14,487,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. FIL Ltd increased its holdings in shares of International Flavors & Fragrances by 102.6% in the 4th quarter. FIL Ltd now owns 653,589 shares of the specialty chemicals company's stock worth $55,261,000 after buying an additional 330,981 shares during the last quarter. Twin Capital Management Inc. purchased a new position in shares of International Flavors & Fragrances in the 4th quarter worth approximately $574,000. Invesco Ltd. increased its position in shares of International Flavors & Fragrances by 20.0% during the 4th quarter. Invesco Ltd. now owns 2,595,110 shares of the specialty chemicals company's stock valued at $219,417,000 after purchasing an additional 433,048 shares during the last quarter. Bank of Montreal Can lifted its position in International Flavors & Fragrances by 84.6% in the fourth quarter. Bank of Montreal Can now owns 389,819 shares of the specialty chemicals company's stock worth $32,959,000 after buying an additional 178,664 shares during the last quarter. Finally, Polymer Capital Management US LLC bought a new stake in International Flavors & Fragrances in the fourth quarter worth about $2,097,000. 96.02% of the stock is currently owned by institutional investors.

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International Flavors & Fragrances Trading Down 1.3 %

Shares of IFF stock traded down $0.95 on Tuesday, hitting $72.54. The stock had a trading volume of 772,295 shares, compared to its average volume of 1,515,669. The firm has a market capitalization of $18.55 billion, a P/E ratio of 77.16, a P/E/G ratio of 1.45 and a beta of 1.21. International Flavors & Fragrances Inc. has a 1 year low of $65.85 and a 1 year high of $106.77. The company has a debt-to-equity ratio of 0.54, a current ratio of 1.84 and a quick ratio of 1.93. The company's 50 day moving average price is $79.16 and its 200-day moving average price is $87.10.

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 (EPS) for the quarter, beating analysts' consensus estimates 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 firm had revenue of $2.77 billion during the quarter, compared to analyst estimates of $2.67 billion. Analysts anticipate that International Flavors & Fragrances Inc. will post 4.32 earnings per share for the current year.

International Flavors & Fragrances Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, April 11th. Shareholders of record on Friday, March 21st were paid a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a yield of 2.21%. The ex-dividend date of this dividend was Friday, March 21st. International Flavors & Fragrances's dividend payout ratio is presently 170.21%.

Insider Buying and Selling

In related news, Director Kevin O'byrne purchased 6,500 shares of the business's stock in a transaction dated Wednesday, March 5th. The stock was acquired at an average price of $80.44 per share, for a total transaction of $522,860.00. Following the completion of the purchase, the director now directly owns 6,500 shares of the company's stock, valued at $522,860. This trade represents a ∞ increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.20% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on the stock. Citigroup decreased their price target on shares of International Flavors & Fragrances from $99.00 to $84.00 and set a "buy" rating for the company in a research note on Tuesday, April 8th. Barclays lowered their price objective on International Flavors & Fragrances from $82.00 to $76.00 and set an "equal weight" rating for the company in a research report on Monday. Mizuho cut their price target on shares of International Flavors & Fragrances from $95.00 to $87.00 and set an "outperform" rating on the stock in a report on Tuesday. 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. Finally, JPMorgan Chase & Co. decreased their target price on International Flavors & Fragrances from $107.00 to $104.00 and set an "overweight" rating on the stock in a research report on Thursday, February 20th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and eleven have given a buy rating to the stock. Based on data from MarketBeat, International Flavors & Fragrances has a consensus rating of "Moderate Buy" and a consensus target price of $95.69.

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.