International Flavors & Fragrances Inc. (NYSE:IFF) Shares Sold by Trexquant Investment LP

Trexquant Investment LP lessened its holdings in International Flavors & Fragrances Inc. (NYSE:IFF - Free Report) by 66.3% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 67,702 shares of the specialty chemicals company's stock after selling 133,026 shares during the period. Trexquant Investment LP's holdings in International Flavors & Fragrances were worth $5,724,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also made changes to their positions in the stock. Vanguard Group Inc. raised its position in International Flavors & Fragrances by 0.5% in the 4th quarter. Vanguard Group Inc. now owns 30,218,759 shares of the specialty chemicals company's stock valued at $2,554,996,000 after purchasing an additional 164,945 shares in the last quarter. State Street Corp raised its holdings in International Flavors & Fragrances by 1.9% during the third quarter. State Street Corp now owns 10,467,517 shares of the specialty chemicals company's stock worth $1,102,363,000 after purchasing an additional 196,696 shares in the last quarter. Geode Capital Management LLC lifted its holdings in International Flavors & Fragrances by 2.6% in the fourth quarter. Geode Capital Management LLC now owns 6,166,778 shares of the specialty chemicals company's stock valued at $520,032,000 after acquiring an additional 157,948 shares during the period. Van ECK Associates Corp grew its position in International Flavors & Fragrances by 41.6% during the fourth quarter. Van ECK Associates Corp now owns 5,664,250 shares of the specialty chemicals company's stock worth $478,912,000 after buying an additional 1,663,629 shares during the period. Finally, Nordea Investment Management AB raised 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. 96.02% of the stock is currently owned by institutional investors and hedge funds.

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Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on the stock. Citigroup cut their price objective on shares of International Flavors & Fragrances from $99.00 to $84.00 and set a "buy" rating for the company in a research report on Tuesday. Morgan Stanley dropped their price objective on shares of International Flavors & Fragrances from $106.00 to $100.00 and set an "overweight" rating on the stock in a research note on Thursday. Bank of America dropped their price target on shares of International Flavors & Fragrances from $105.00 to $101.00 and set a "buy" rating for the company in a research note on Thursday, February 20th. Cfra downgraded shares of International Flavors & Fragrances from a "buy" rating to a "sell" rating and set a $77.00 price target on the stock. in a research report on Thursday, February 20th. Finally, Oppenheimer decreased their price target on International Flavors & Fragrances from $114.00 to $104.00 and set an "outperform" rating for the company in a research note on Thursday, February 20th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and eleven have issued a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $98.69.

Insider Buying and Selling at International Flavors & Fragrances

In other news, Director Kevin O'byrne purchased 6,500 shares of the stock in a transaction that occurred on Wednesday, March 5th. The shares were purchased at an average cost of $80.44 per share, with a total value 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 0.17% of the stock is owned by corporate insiders.

International Flavors & Fragrances Stock Down 3.9 %

Shares of International Flavors & Fragrances stock traded down $2.86 during trading on Thursday, reaching $70.11. 824,376 shares of the company traded hands, compared to its average volume of 1,769,087. The company has a debt-to-equity ratio of 0.54, a current ratio of 1.84 and a quick ratio of 1.93. International Flavors & Fragrances Inc. has a 1-year low of $65.85 and a 1-year high of $106.77. The company has a 50 day moving average price of $79.96 and a 200-day moving average price of $87.89. The firm has a market capitalization of $17.93 billion, a PE ratio of 74.52, 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 earnings results on Tuesday, February 18th. The specialty chemicals company reported $0.97 earnings per share for the quarter, topping analysts' consensus estimates of $0.83 by $0.14. The firm had revenue of $2.77 billion for the quarter, compared to the consensus estimate of $2.67 billion. International Flavors & Fragrances had a return on equity of 7.72% and a net margin of 2.12%. As a group, equities research analysts expect that International Flavors & Fragrances Inc. will post 4.32 earnings per share for the current fiscal year.

International Flavors & Fragrances Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, April 11th. Shareholders of record on Friday, March 21st will be given a dividend of $0.40 per share. The ex-dividend date of this dividend is Friday, March 21st. This represents a $1.60 annualized dividend and a dividend yield of 2.28%. International Flavors & Fragrances's dividend payout ratio (DPR) is presently 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.