7,643 Shares in International Flavors & Fragrances Inc. (NYSE:IFF) Bought by Oak Thistle LLC

Oak Thistle LLC acquired a new stake in shares of International Flavors & Fragrances Inc. (NYSE:IFF - Free Report) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 7,643 shares of the specialty chemicals company's stock, valued at approximately $646,000.

A number of other institutional investors also recently modified their holdings of the company. Nordea Investment Management AB boosted its holdings in International Flavors & Fragrances by 25.7% during the fourth quarter. Nordea Investment Management AB now owns 5,489,741 shares of the specialty chemicals company's stock worth $464,926,000 after purchasing an additional 1,121,414 shares during the last quarter. Albar Capital Ltd boosted its stake in shares of International Flavors & Fragrances by 73.5% in the 2nd quarter. Albar Capital Ltd now owns 1,146,234 shares of the specialty chemicals company's stock worth $109,133,000 after buying an additional 485,433 shares during the last quarter. Robeco Institutional Asset Management B.V. grew its holdings in shares of International Flavors & Fragrances by 70.9% in the third quarter. Robeco Institutional Asset Management B.V. now owns 708,081 shares of the specialty chemicals company's stock valued at $74,299,000 after acquiring an additional 293,760 shares in the last quarter. Smith Group Asset Management LLC bought a new stake in International Flavors & Fragrances during the third quarter worth $22,399,000. Finally, Point72 Europe London LLP boosted its position in International Flavors & Fragrances by 50.0% in the second quarter. Point72 Europe London LLP now owns 627,412 shares of the specialty chemicals company's stock worth $59,736,000 after purchasing an additional 209,098 shares during the last quarter. 96.02% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In related news, insider Yuvraj Arora sold 5,000 shares of the company's stock in a transaction on Monday, November 11th. The shares were sold at an average price of $91.75, for a total value of $458,750.00. Following the completion of the transaction, the insider now directly owns 3,238 shares in the company, valued at approximately $297,086.50. The trade was a 60.69 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 0.09% of the company's stock.

International Flavors & Fragrances Price Performance

NYSE IFF traded up $0.21 during trading hours on Thursday, hitting $84.38. The company had a trading volume of 1,238,793 shares, compared to its average volume of 1,494,259. The company has a debt-to-equity ratio of 0.58, a quick ratio of 1.93 and a current ratio of 2.62. The firm has a market capitalization of $21.57 billion, a price-to-earnings ratio of -9.28, a PEG ratio of 1.35 and a beta of 1.18. International Flavors & Fragrances Inc. has a 52 week low of $72.94 and a 52 week high of $106.77. The firm has a 50 day simple moving average of $87.08 and a 200 day simple moving average of $95.66.

International Flavors & Fragrances (NYSE:IFF - Get Free Report) last issued its quarterly earnings data on Tuesday, November 5th. The specialty chemicals company reported $0.62 EPS for the quarter, missing the consensus estimate of $1.08 by ($0.46). International Flavors & Fragrances had a negative net margin of 20.33% and a positive return on equity of 7.16%. The firm had revenue of $2.93 billion for the quarter, compared to analysts' expectations of $2.83 billion. During the same period in the prior year, the firm posted $0.89 EPS. International Flavors & Fragrances's revenue was up 3.7% on a year-over-year basis. Equities research analysts expect that International Flavors & Fragrances Inc. will post 4.16 earnings per share for the current year.

International Flavors & Fragrances Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, January 8th. Investors of record on Friday, December 20th were given a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a yield of 1.90%. The ex-dividend date was Friday, December 20th. International Flavors & Fragrances's payout ratio is -17.60%.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on IFF shares. Barclays raised their target price on International Flavors & Fragrances from $93.00 to $99.00 and gave the company an "equal weight" rating in a research report on Friday, October 11th. Bank of America upgraded shares of International Flavors & Fragrances from a "neutral" rating to a "buy" rating and set a $107.00 price objective for the company in a report on Friday, November 8th. UBS Group boosted their target price on shares of International Flavors & Fragrances from $108.00 to $111.00 and gave the company a "neutral" rating in a research note on Wednesday, November 6th. Vertical Research raised shares of International Flavors & Fragrances from a "hold" rating to a "buy" rating and set a $109.00 price target on the stock in a report on Thursday, November 7th. Finally, Citigroup dropped their price objective on International Flavors & Fragrances from $110.00 to $105.00 and set a "buy" rating on the stock in a research note on Wednesday, December 18th. One research analyst has rated the stock with a sell rating, three have given a hold rating and twelve have assigned a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $110.08.

About International Flavors & Fragrances

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.