Virtu Financial LLC Takes $1.09 Million Position in International Flavors & Fragrances Inc. (NYSE:IFF)

Virtu Financial LLC purchased a new stake in International Flavors & Fragrances Inc. (NYSE:IFF - Free Report) during the fourth quarter, according to its most recent disclosure with the SEC. The firm purchased 12,945 shares of the specialty chemicals company's stock, valued at approximately $1,094,000.

Several other institutional investors also recently bought and sold shares of the company. State Street Corp increased its position in shares of 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 raised its holdings in International Flavors & Fragrances by 1.3% in the 3rd quarter. Geode Capital Management LLC now owns 6,008,830 shares of the specialty chemicals company's stock valued at $628,341,000 after acquiring an additional 77,521 shares during the last quarter. Van ECK Associates Corp lifted its stake in International Flavors & Fragrances by 41.6% in the 4th quarter. Van ECK Associates Corp now owns 5,664,250 shares of the specialty chemicals company's stock worth $478,912,000 after purchasing an additional 1,663,629 shares in the last quarter. Nordea Investment Management AB grew its position in shares of International Flavors & Fragrances by 25.7% in the fourth quarter. Nordea Investment Management AB now owns 5,489,741 shares of the specialty chemicals company's stock valued at $464,926,000 after purchasing an additional 1,121,414 shares in the last quarter. Finally, First Pacific Advisors LP increased its holdings in shares of International Flavors & Fragrances by 0.6% in the fourth quarter. First Pacific Advisors LP now owns 4,029,773 shares of the specialty chemicals company's stock valued at $340,717,000 after purchasing an additional 22,991 shares during the last quarter. 96.02% of the stock is currently owned by institutional investors and hedge funds.

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International Flavors & Fragrances Stock Up 0.8 %

NYSE:IFF traded up $0.59 during midday trading on Thursday, reaching $78.25. The company had a trading volume of 964,550 shares, compared to its average volume of 1,456,834. International Flavors & Fragrances Inc. has a 12-month low of $75.63 and a 12-month high of $106.77. The firm has a market capitalization of $20.01 billion, a price-to-earnings ratio of 83.24, 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. The stock's fifty day simple moving average is $82.85 and its 200-day simple moving average is $90.25.

International Flavors & Fragrances (NYSE:IFF - Get Free Report) last announced its quarterly earnings data on Tuesday, February 18th. The specialty chemicals company reported $0.97 earnings per share (EPS) for the quarter, beating 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 business had revenue of $2.77 billion during the quarter, compared to analysts' expectations of $2.67 billion. On average, sell-side analysts anticipate that International Flavors & Fragrances Inc. will post 4.32 earnings per share for the current fiscal year.

International Flavors & Fragrances Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, April 11th. Stockholders 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 2.04%. International Flavors & Fragrances's dividend payout ratio (DPR) is currently 170.21%.

Analysts Set New Price Targets

Several analysts have issued reports on IFF shares. Barclays dropped their target price on International Flavors & Fragrances from $83.00 to $82.00 and set an "equal weight" rating for the company in a report on Thursday. Bank of America decreased their price objective on International Flavors & Fragrances from $105.00 to $101.00 and set a "buy" rating on the stock in a report on Thursday, February 20th. Argus upgraded International Flavors & Fragrances from a "hold" rating to a "buy" rating in a report on Tuesday, January 7th. Citigroup reduced 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. Finally, Cfra cut shares of International Flavors & Fragrances from a "buy" rating to a "sell" rating and set a $77.00 price target for the company. in a research report on Thursday, February 20th. One analyst has rated the stock with a sell rating, two have given a hold rating and eleven have given a buy rating to the company's stock. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $103.31.

Insider Buying and Selling

In other International Flavors & Fragrances news, Director Kevin O'byrne acquired 6,500 shares of the stock in a transaction dated Wednesday, March 5th. The stock was acquired at an average cost of $80.44 per share, with a total value of $522,860.00. Following the transaction, the director now owns 6,500 shares in the company, valued at $522,860. The trade was a ∞ increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 0.20% of the company's stock.

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.