Renaissance Technologies LLC Has $40.47 Million Stake in International Flavors & Fragrances Inc. (NYSE:IFF)

Renaissance Technologies LLC decreased its position in International Flavors & Fragrances Inc. (NYSE:IFF - Free Report) by 5.5% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 478,601 shares of the specialty chemicals company's stock after selling 28,099 shares during the quarter. Renaissance Technologies LLC owned 0.19% of International Flavors & Fragrances worth $40,466,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently modified their holdings of the company. Nomura Asset Management Co. Ltd. raised its position in shares of International Flavors & Fragrances by 6.4% during the 3rd quarter. Nomura Asset Management Co. Ltd. now owns 76,872 shares of the specialty chemicals company's stock worth $8,066,000 after purchasing an additional 4,642 shares during the period. Geode Capital Management LLC grew its position in shares of International Flavors & Fragrances by 1.3% during the third quarter. Geode Capital Management LLC now owns 6,008,830 shares of the specialty chemicals company's stock worth $628,341,000 after acquiring an additional 77,521 shares during the last quarter. Coldstream Capital Management Inc. boosted its stake in International Flavors & Fragrances by 6.9% during the 3rd quarter. Coldstream Capital Management Inc. now owns 4,314 shares of the specialty chemicals company's stock valued at $447,000 after purchasing an additional 279 shares during the period. Toronto Dominion Bank raised its holdings in shares of International Flavors & Fragrances by 21.1% during the third quarter. Toronto Dominion Bank now owns 126,257 shares of the specialty chemicals company's stock valued at $13,248,000 after buying an additional 22,028 shares during the last quarter. Finally, Sunbelt Securities Inc. increased its position in International Flavors & Fragrances by 872.8% in the 3rd quarter. Sunbelt Securities Inc. now owns 1,323 shares of the specialty chemicals company's stock valued at $139,000 after acquiring an additional 1,187 shares during the period. 96.02% of the stock is owned by institutional investors and hedge funds.

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International Flavors & Fragrances Stock Down 1.3 %

NYSE IFF traded down $0.95 during trading on Tuesday, reaching $72.54. 772,295 shares of the company's stock were exchanged, compared to its average volume of 1,515,669. 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. The company's fifty day simple moving average is $79.16 and its 200-day simple moving average is $87.10. The firm has a market capitalization of $18.55 billion, a PE ratio of 77.16, a P/E/G ratio of 1.45 and a beta of 1.21.

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, topping the consensus estimate of $0.83 by $0.14. The business had revenue of $2.77 billion during the quarter, compared to analysts' expectations of $2.67 billion. International Flavors & Fragrances had a net margin of 2.12% and a return on equity of 7.72%. Sell-side analysts predict that International Flavors & Fragrances Inc. will post 4.32 EPS for the current year.

International Flavors & Fragrances Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, April 11th. Shareholders of record on Friday, March 21st were paid a $0.40 dividend. The ex-dividend date was Friday, March 21st. This represents a $1.60 dividend on an annualized basis and a yield of 2.21%. International Flavors & Fragrances's dividend payout ratio (DPR) is currently 170.21%.

Analyst Ratings Changes

A number of brokerages recently issued reports on IFF. Oppenheimer decreased their target price on shares of International Flavors & Fragrances from $114.00 to $104.00 and set an "outperform" rating for the company in a research report on Thursday, February 20th. Stifel Nicolaus cut their target price on International Flavors & Fragrances from $105.00 to $91.00 and set a "buy" rating for the company in a research report on Thursday, April 10th. Morgan Stanley cut their price objective on International Flavors & Fragrances from $106.00 to $100.00 and set an "overweight" rating for the company in a report on Thursday, April 10th. Mizuho reduced their price objective on shares of International Flavors & Fragrances from $95.00 to $87.00 and set an "outperform" rating for the company in a research report on Tuesday. Finally, Barclays decreased their price target on shares of International Flavors & Fragrances from $82.00 to $76.00 and set an "equal weight" rating on the stock in a research report on Monday. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and eleven have given a buy rating to the company's stock. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of $95.69.

Insiders Place Their Bets

In other news, Director Kevin O'byrne acquired 6,500 shares of the company's stock in a transaction that occurred on Wednesday, March 5th. The shares were purchased at an average price of $80.44 per share, for a total transaction of $522,860.00. Following the completion of the acquisition, the director now owns 6,500 shares of the company's stock, valued at approximately $522,860. This represents a ∞ increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders own 0.20% of the company's stock.

International Flavors & Fragrances Company 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.