Twin Tree Management LP Has $337,000 Stock Position in International Flavors & Fragrances Inc. (NYSE:IFF)

Twin Tree Management LP lessened its holdings in shares of International Flavors & Fragrances Inc. (NYSE:IFF - Free Report) by 90.9% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 3,984 shares of the specialty chemicals company's stock after selling 40,012 shares during the quarter. Twin Tree Management LP's holdings in International Flavors & Fragrances were worth $337,000 as of its most recent SEC filing.

Several other hedge funds have also added to or reduced their stakes in IFF. UMB Bank n.a. increased its holdings in International Flavors & Fragrances by 8.9% during the 4th quarter. UMB Bank n.a. now owns 1,458 shares of the specialty chemicals company's stock worth $123,000 after purchasing an additional 119 shares in the last quarter. Arete Wealth Advisors LLC increased its holdings in International Flavors & Fragrances by 4.2% during the 3rd quarter. Arete Wealth Advisors LLC now owns 3,061 shares of the specialty chemicals company's stock worth $321,000 after purchasing an additional 124 shares in the last quarter. Truist Financial Corp increased its holdings in International Flavors & Fragrances by 0.7% during the 4th quarter. Truist Financial Corp now owns 19,908 shares of the specialty chemicals company's stock worth $1,683,000 after purchasing an additional 129 shares in the last quarter. United Community Bank increased its holdings in International Flavors & Fragrances by 19.4% during the 4th quarter. United Community Bank now owns 925 shares of the specialty chemicals company's stock worth $78,000 after purchasing an additional 150 shares in the last quarter. Finally, Principal Securities Inc. grew its holdings in shares of International Flavors & Fragrances by 36.6% in the 4th quarter. Principal Securities Inc. now owns 638 shares of the specialty chemicals company's stock valued at $54,000 after acquiring an additional 171 shares in the last quarter. Institutional investors and hedge funds own 96.02% of the company's stock.

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International Flavors & Fragrances Stock Performance

IFF stock traded down $1.81 during mid-day trading on Friday, hitting $77.93. 3,934,140 shares of the company were exchanged, compared to its average volume of 1,458,638. The business has a 50 day simple moving average of $83.23 and a 200-day simple moving average of $90.78. The company has a current ratio of 1.84, a quick ratio of 1.93 and a debt-to-equity ratio of 0.54. The stock has a market capitalization of $19.93 billion, a PE ratio of 82.90, a price-to-earnings-growth ratio of 1.45 and a beta of 1.21. International Flavors & Fragrances Inc. has a 1-year low of $77.28 and a 1-year high of $106.77.

International Flavors & Fragrances (NYSE:IFF - Get Free Report) last issued its quarterly earnings data on Tuesday, February 18th. The specialty chemicals company reported $0.97 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.83 by $0.14. The firm had revenue of $2.77 billion during the quarter, compared to the consensus estimate of $2.67 billion. International Flavors & Fragrances had a net margin of 2.12% and a return on equity of 7.72%. On average, equities analysts forecast 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 will be paid on Friday, April 11th. Stockholders of record on Friday, March 21st will be given a $0.40 dividend. The ex-dividend date is Friday, March 21st. This represents a $1.60 dividend on an annualized basis and a dividend yield of 2.05%. International Flavors & Fragrances's payout ratio is 170.21%.

Insider Activity

In other International Flavors & Fragrances news, Director Kevin O'byrne purchased 6,500 shares of the company's stock in a transaction dated Wednesday, March 5th. The stock was bought at an average cost of $80.44 per share, for a total transaction of $522,860.00. Following the completion of the transaction, the director now owns 6,500 shares in the company, valued at approximately $522,860. This represents a ∞ increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is available through this link. 0.20% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on the company. Barclays decreased their price objective 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. Cfra cut International Flavors & Fragrances from a "buy" rating to a "sell" rating and set a $77.00 price objective for the company. in a report on Thursday, February 20th. Bank of America decreased their price objective on International Flavors & Fragrances from $105.00 to $101.00 and set a "buy" rating for the company in a report on Thursday, February 20th. Wells Fargo & Company decreased their price objective on International Flavors & Fragrances from $115.00 to $105.00 and set an "overweight" rating for the company in a report on Thursday, February 20th. Finally, Stifel Nicolaus reduced their price target on International Flavors & Fragrances from $113.00 to $105.00 and set a "buy" rating for the company in a report on Monday, February 3rd. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and eleven have given a buy rating to the company's stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $103.77.

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.