12,128 Shares in International Flavors & Fragrances Inc. (NYSE:IFF) Purchased by River Global Investors LLP

River Global Investors LLP acquired a new stake in International Flavors & Fragrances Inc. (NYSE:IFF - Free Report) in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 12,128 shares of the specialty chemicals company's stock, valued at approximately $1,026,000.

Several other hedge funds and other institutional investors have also modified their holdings of IFF. SBI Securities Co. Ltd. bought a new stake in International Flavors & Fragrances in the 4th quarter valued at $32,000. Point72 Hong Kong Ltd acquired a new position in shares of International Flavors & Fragrances during the third quarter valued at about $42,000. Ashton Thomas Securities LLC bought a new stake in shares of International Flavors & Fragrances in the 3rd quarter worth approximately $48,000. Principal Securities Inc. boosted its stake in International Flavors & Fragrances by 36.6% during the fourth quarter. Principal Securities Inc. now owns 638 shares of the specialty chemicals company's stock worth $54,000 after buying an additional 171 shares in the last quarter. Finally, Brooklyn Investment Group acquired a new stake in shares of International Flavors & Fragrances during the 3rd quarter valued at about $88,000. Institutional investors and hedge funds own 96.02% of the company's stock.

International Flavors & Fragrances Stock Down 0.3 %

Shares of NYSE IFF traded down $0.28 during midday trading on Wednesday, reaching $79.60. The company's stock had a trading volume of 2,974,681 shares, compared to its average volume of 1,474,441. 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 $78.91 and a fifty-two week high of $106.77. The stock has a 50 day simple moving average of $83.64 and a 200-day simple moving average of $91.98. The stock has a market capitalization of $20.36 billion, a price-to-earnings ratio of 84.68, a PEG ratio of 1.45 and a beta of 1.21.

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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 earnings per share for the quarter, topping the consensus estimate of $0.83 by $0.14. International Flavors & Fragrances had a return on equity of 7.72% and a net margin of 2.12%. The firm had revenue of $2.77 billion for the quarter, compared to analyst estimates of $2.67 billion. Equities research analysts predict that International Flavors & Fragrances Inc. will post 4.32 earnings per share for the current year.

International Flavors & Fragrances Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, April 11th. Investors of record on Friday, March 21st will be paid a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a yield of 2.01%. The ex-dividend date of this dividend is Friday, March 21st. International Flavors & Fragrances's dividend payout ratio (DPR) is presently 170.21%.

Insider Activity

In other news, Director Kevin O'byrne bought 6,500 shares of the 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 owns 6,500 shares in the company, valued at approximately $522,860. This trade represents a ∞ increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 0.20% of the company's stock.

Analysts Set New Price Targets

A number of analysts have weighed in on the company. Stifel Nicolaus lowered their price target on International Flavors & Fragrances from $113.00 to $105.00 and set a "buy" rating on the stock in a research report on Monday, February 3rd. Bank of America dropped their target price 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. Citigroup cut their price objective on shares of International Flavors & Fragrances from $110.00 to $105.00 and set a "buy" rating on the stock in a report on Wednesday, December 18th. JPMorgan Chase & Co. dropped their price objective on International Flavors & Fragrances from $107.00 to $104.00 and set an "overweight" rating for the company in a report on Thursday, February 20th. Finally, Argus upgraded shares of International Flavors & Fragrances from a "hold" rating to a "buy" rating in a research report on Tuesday, January 7th. One analyst has rated the stock with a sell rating, three have issued a hold rating and twelve have given a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target 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.