Pinebridge Investments L.P. Increases Position in International Flavors & Fragrances Inc. (NYSE:IFF)

Pinebridge Investments L.P. lifted its position in shares of International Flavors & Fragrances Inc. (NYSE:IFF - Free Report) by 233.8% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 198,604 shares of the specialty chemicals company's stock after buying an additional 139,114 shares during the quarter. Pinebridge Investments L.P. owned approximately 0.08% of International Flavors & Fragrances worth $16,792,000 at the end of the most recent quarter.

A number of other large investors have also recently added to or reduced their stakes in IFF. Hsbc Holdings PLC lifted its holdings in shares of International Flavors & Fragrances by 18.4% in the fourth quarter. Hsbc Holdings PLC now owns 527,093 shares of the specialty chemicals company's stock valued at $44,529,000 after purchasing an additional 81,927 shares in the last quarter. J. Safra Sarasin Holding AG raised its position in shares of International Flavors & Fragrances by 258.1% during the 4th quarter. J. Safra Sarasin Holding AG now owns 35,888 shares of the specialty chemicals company's stock worth $3,034,000 after purchasing an additional 25,865 shares during the last quarter. Stifel Financial Corp grew its holdings in International Flavors & Fragrances by 22.0% during the 4th quarter. Stifel Financial Corp now owns 117,191 shares of the specialty chemicals company's stock valued at $9,908,000 after buying an additional 21,168 shares during the last quarter. State of Tennessee Department of Treasury increased its position in International Flavors & Fragrances by 5.4% during the fourth quarter. State of Tennessee Department of Treasury now owns 128,631 shares of the specialty chemicals company's stock worth $10,876,000 after buying an additional 6,603 shares in the last quarter. Finally, Tower Research Capital LLC TRC lifted its position in shares of International Flavors & Fragrances by 43.9% in the fourth quarter. Tower Research Capital LLC TRC now owns 14,940 shares of the specialty chemicals company's stock valued at $1,263,000 after acquiring an additional 4,556 shares in the last quarter. 96.02% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research firms recently commented on IFF. Bank of America dropped their price objective on International Flavors & Fragrances from $105.00 to $101.00 and set a "buy" rating for the company in a research report on Thursday, February 20th. Cfra lowered shares of International Flavors & Fragrances from a "buy" rating to a "sell" rating and set a $77.00 price objective for the company. in a research report on Thursday, February 20th. Oppenheimer decreased their target price on shares of International Flavors & Fragrances from $104.00 to $89.00 and set an "outperform" rating on the stock in a research report on Tuesday, April 22nd. Argus upgraded International Flavors & Fragrances from a "hold" rating to a "buy" rating in a report on Tuesday, January 7th. Finally, Barclays decreased their price objective on International Flavors & Fragrances from $82.00 to $76.00 and set an "equal weight" rating on the stock in a report on Monday, April 14th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and eleven have assigned a buy rating to the company's stock. According to data from MarketBeat.com, International Flavors & Fragrances presently has an average rating of "Moderate Buy" and an average price target of $94.54.

Insider Activity at International Flavors & Fragrances

In other news, Director Kevin O'byrne acquired 6,500 shares of the company's stock in a transaction dated Wednesday, March 5th. The shares were bought at an average price of $80.44 per share, for a total transaction of $522,860.00. Following the completion of the purchase, the director now directly owns 6,500 shares of the company's stock, valued at approximately $522,860. This trade represents a ∞ increase in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Company insiders own 0.20% of the company's stock.

International Flavors & Fragrances Trading Up 0.0 %

NYSE:IFF traded up $0.02 on Monday, hitting $76.26. 1,015,889 shares of the stock were exchanged, compared to its average volume of 1,535,466. The stock has a fifty day moving average of $77.14 and a 200-day moving average of $85.33. The stock has a market cap of $19.50 billion, a PE ratio of 81.13, a PEG ratio of 1.45 and a beta of 1.21. The company has a current ratio of 1.84, a quick ratio of 1.93 and a debt-to-equity ratio of 0.54. International Flavors & Fragrances Inc. has a fifty-two week low of $65.85 and a fifty-two week high of $106.77.

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

International Flavors & Fragrances Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, April 11th. Stockholders of record on Friday, March 21st were paid a $0.40 dividend. The ex-dividend date of this dividend was Friday, March 21st. This represents a $1.60 dividend on an annualized basis and a dividend yield of 2.10%. International Flavors & Fragrances's dividend payout ratio (DPR) is currently 170.21%.

About International Flavors & Fragrances

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.