Bayesian Capital Management LP Buys Shares of 115,061 International Flavors & Fragrances Inc. (NYSE:IFF)

Bayesian Capital Management LP acquired a new position in International Flavors & Fragrances Inc. (NYSE:IFF - Free Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 115,061 shares of the specialty chemicals company's stock, valued at approximately $9,316,000. International Flavors & Fragrances makes up about 1.0% of Bayesian Capital Management LP's investment portfolio, making the stock its 11th biggest position.

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. Atria Wealth Solutions Inc. bought a new stake in shares of International Flavors & Fragrances during the third quarter worth $577,000. Vanguard Personalized Indexing Management LLC raised its position in shares of International Flavors & Fragrances by 35.6% during the third quarter. Vanguard Personalized Indexing Management LLC now owns 7,108 shares of the specialty chemicals company's stock worth $485,000 after acquiring an additional 1,867 shares during the last quarter. Pathstone Family Office LLC raised its position in shares of International Flavors & Fragrances by 50.4% during the third quarter. Pathstone Family Office LLC now owns 13,998 shares of the specialty chemicals company's stock worth $959,000 after acquiring an additional 4,689 shares during the last quarter. HighTower Advisors LLC raised its position in shares of International Flavors & Fragrances by 97.0% during the third quarter. HighTower Advisors LLC now owns 23,677 shares of the specialty chemicals company's stock worth $1,607,000 after acquiring an additional 11,656 shares during the last quarter. Finally, Greenleaf Trust raised its position in shares of International Flavors & Fragrances by 59.8% during the third quarter. Greenleaf Trust now owns 6,613 shares of the specialty chemicals company's stock worth $451,000 after acquiring an additional 2,474 shares during the last quarter. Institutional investors and hedge funds own 96.02% of the company's stock.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on IFF shares. JPMorgan Chase & Co. upgraded International Flavors & Fragrances from a "neutral" rating to an "overweight" rating and boosted their target price for the stock from $75.00 to $100.00 in a research report on Wednesday, May 8th. StockNews.com upgraded International Flavors & Fragrances from a "sell" rating to a "hold" rating in a report on Monday, March 25th. Deutsche Bank Aktiengesellschaft upped their price objective on International Flavors & Fragrances from $90.00 to $100.00 and gave the company a "buy" rating in a report on Wednesday, March 20th. Argus downgraded International Flavors & Fragrances from a "buy" rating to a "hold" rating in a report on Friday, March 8th. Finally, Morgan Stanley restated an "equal weight" rating and issued a $100.00 price target on shares of International Flavors & Fragrances in a report on Tuesday, May 21st. One investment analyst has rated the stock with a sell rating, eleven have assigned a hold rating and eight have assigned a buy rating to the stock. According to MarketBeat, International Flavors & Fragrances currently has an average rating of "Hold" and a consensus price target of $95.61.

International Flavors & Fragrances Stock Performance

NYSE:IFF traded down $1.72 on Thursday, hitting $95.06. The company's stock had a trading volume of 1,010,789 shares, compared to its average volume of 1,991,025. The company has a current ratio of 1.68, a quick ratio of 1.05 and a debt-to-equity ratio of 0.64. The stock has a fifty day moving average of $91.27 and a two-hundred day moving average of $83.95. The firm has a market capitalization of $24.27 billion, a P/E ratio of -9.73, a price-to-earnings-growth ratio of 1.96 and a beta of 1.26. International Flavors & Fragrances Inc. has a one year low of $62.11 and a one year high of $99.91.

International Flavors & Fragrances (NYSE:IFF - Get Free Report) last released its quarterly earnings data on Monday, May 6th. The specialty chemicals company reported $1.13 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.86 by $0.27. The firm had revenue of $2.90 billion for the quarter, compared to analyst estimates of $2.78 billion. International Flavors & Fragrances had a positive return on equity of 5.78% and a negative net margin of 22.01%. The business's revenue for the quarter was down 4.2% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.87 earnings per share. Research analysts predict that International Flavors & Fragrances Inc. will post 3.86 earnings per share for the current year.

International Flavors & Fragrances Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, July 10th. Stockholders of record on Friday, June 21st will be paid a dividend of $0.40 per share. The ex-dividend date is Friday, June 21st. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.68%. International Flavors & Fragrances's dividend payout ratio (DPR) is currently -16.38%.

International Flavors & Fragrances Profile

International Flavors & Fragrances Inc, together with its subsidiaries, manufactures and sells cosmetic active and natural health ingredients for use in various consumer products in the United States, Europe, and internationally. It operates through four segments: Nourish, Health & Biosciences, Scent, and Pharma Solutions.