OFI Invest Asset Management Buys New Position in International Flavors & Fragrances Inc. (NYSE:IFF)

OFI Invest Asset Management bought a new stake in International Flavors & Fragrances Inc. (NYSE:IFF - Free Report) during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm bought 196,409 shares of the specialty chemicals company's stock, valued at approximately $16,037,000. OFI Invest Asset Management owned approximately 0.08% of International Flavors & Fragrances as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently modified their holdings of the business. SBI Securities Co. Ltd. acquired a new stake in International Flavors & Fragrances in the fourth quarter valued at about $32,000. Point72 Hong Kong Ltd acquired a new stake in shares of International Flavors & Fragrances in the 3rd quarter valued at approximately $42,000. Rialto Wealth Management LLC bought a new stake in shares of International Flavors & Fragrances during the 4th quarter valued at approximately $42,000. Ashton Thomas Securities LLC acquired a new position in International Flavors & Fragrances during the 3rd quarter worth approximately $48,000. Finally, Principal Securities Inc. lifted its stake in 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 purchasing an additional 171 shares during the last quarter. Institutional investors own 96.02% of the company's stock.

Insider Buying and Selling

In other news, Director Kevin O'byrne acquired 6,500 shares of International Flavors & Fragrances stock in a transaction on Wednesday, March 5th. The stock was purchased at an average price of $80.44 per share, with a total value of $522,860.00. Following the completion of the purchase, the director now owns 6,500 shares of the company's stock, valued at approximately $522,860. The trade was a ∞ increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 0.20% of the stock is owned by insiders.

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International Flavors & Fragrances Trading Down 0.5 %

IFF traded down $0.40 during trading on Thursday, reaching $79.16. 1,793,235 shares of the stock traded hands, compared to its average volume of 1,473,477. The company has a quick ratio of 1.93, a current ratio of 1.84 and a debt-to-equity ratio of 0.54. The stock's 50-day moving average is $83.54 and its 200 day moving average is $91.89. International Flavors & Fragrances Inc. has a 12 month low of $78.59 and a 12 month high of $106.77. The stock has a market capitalization of $20.24 billion, a PE ratio of 84.21, a P/E/G ratio of 1.45 and a beta of 1.21.

International Flavors & Fragrances (NYSE:IFF - Get Free Report) last announced its earnings results 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. The company had revenue of $2.77 billion for the quarter, compared to analyst estimates of $2.67 billion. International Flavors & Fragrances had a return on equity of 7.72% and a net margin of 2.12%. Equities analysts anticipate that International Flavors & Fragrances Inc. will post 4.32 earnings per share for the current year.

International Flavors & Fragrances Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, April 11th. Investors of record on Friday, March 21st will be given a dividend of $0.40 per share. The ex-dividend date is Friday, March 21st. This represents a $1.60 dividend on an annualized basis and a dividend yield of 2.02%. International Flavors & Fragrances's payout ratio is presently 170.21%.

Wall Street Analyst Weigh In

A number of analysts have weighed in on IFF shares. Cfra cut shares of International Flavors & Fragrances from a "buy" rating to a "sell" rating and set a $77.00 target price on the stock. in a research note on Thursday, February 20th. Argus upgraded International Flavors & Fragrances from a "hold" rating to a "buy" rating in a research report on Tuesday, January 7th. JPMorgan Chase & Co. dropped 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. Oppenheimer reduced their price target on International Flavors & Fragrances from $114.00 to $104.00 and set an "outperform" rating on the stock in a report on Thursday, February 20th. Finally, Citigroup cut their target price on shares of International Flavors & Fragrances from $110.00 to $105.00 and set a "buy" rating on the stock in a research report on Wednesday, December 18th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and twelve have given a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $103.50.

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.