Jump Financial LLC Acquires 3,917 Shares of International Flavors & Fragrances Inc. (NYSE:IFF)

Jump Financial LLC boosted its holdings in International Flavors & Fragrances Inc. (NYSE:IFF - Free Report) by 83.3% during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 8,618 shares of the specialty chemicals company's stock after acquiring an additional 3,917 shares during the quarter. Jump Financial LLC's holdings in International Flavors & Fragrances were worth $729,000 at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in the stock. Compagnie Lombard Odier SCmA lifted its position in shares of International Flavors & Fragrances by 11.1% during the fourth quarter. Compagnie Lombard Odier SCmA now owns 114,179 shares of the specialty chemicals company's stock valued at $9,654,000 after purchasing an additional 11,406 shares in the last quarter. Choreo LLC boosted its stake in shares of International Flavors & Fragrances by 55.7% in the 4th quarter. Choreo LLC now owns 24,401 shares of the specialty chemicals company's stock worth $2,055,000 after buying an additional 8,728 shares during the last quarter. Covea Finance grew its holdings in shares of International Flavors & Fragrances by 79.0% in the fourth quarter. Covea Finance now owns 123,090 shares of the specialty chemicals company's stock valued at $10,407,000 after acquiring an additional 54,340 shares in the last quarter. U.S. Capital Wealth Advisors LLC purchased a new stake in shares of International Flavors & Fragrances during the fourth quarter valued at approximately $7,508,000. Finally, S.E.E.D. Planning Group LLC lifted its holdings in International Flavors & Fragrances by 372.9% during the fourth quarter. S.E.E.D. Planning Group LLC now owns 63,104 shares of the specialty chemicals company's stock worth $5,335,000 after acquiring an additional 49,761 shares during the period. Institutional investors and hedge funds own 96.02% of the company's stock.

Insiders Place Their Bets

In other International Flavors & Fragrances news, Director Kevin O'byrne acquired 6,500 shares of the business's stock in a transaction dated Wednesday, March 5th. The stock was 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 $522,860. This trade represents a ∞ increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available through this hyperlink. Corporate insiders own 0.20% of the company's stock.

Wall Street Analysts Forecast Growth

IFF has been the subject of several research analyst reports. JPMorgan Chase & Co. decreased their target price on International Flavors & Fragrances from $107.00 to $104.00 and set an "overweight" rating for the company in a research report on Thursday, February 20th. Argus raised shares of International Flavors & Fragrances from a "hold" rating to a "buy" rating in a research report on Tuesday, January 7th. 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 report on Thursday, February 20th. Wells Fargo & Company lowered 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. Finally, Mizuho reduced their price objective on International Flavors & Fragrances from $95.00 to $87.00 and set an "outperform" rating for the company in a report on Tuesday, April 15th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and eleven have given a buy rating to the stock. According to data from MarketBeat, International Flavors & Fragrances has a consensus rating of "Moderate Buy" and an average price target of $94.54.

International Flavors & Fragrances Stock Up 2.8 %

IFF stock opened at $74.76 on Wednesday. The stock has a 50-day simple moving average of $77.72 and a two-hundred day simple moving average of $85.98. International Flavors & Fragrances Inc. has a twelve month low of $65.85 and a twelve month high of $106.77. The firm has a market capitalization of $19.12 billion, a PE ratio of 79.53, a PEG ratio of 1.45 and a beta of 1.21. The company has a quick ratio of 1.93, a current ratio of 1.84 and a debt-to-equity ratio of 0.54.

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 EPS for the quarter, beating the consensus estimate 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 company had revenue of $2.77 billion during the quarter, compared to analysts' expectations of $2.67 billion. On average, equities analysts predict that International Flavors & Fragrances Inc. will post 4.32 EPS 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 paid a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a yield of 2.14%. The ex-dividend date of this dividend was Friday, March 21st. International Flavors & Fragrances's dividend payout ratio 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.

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