Walnut Level Capital LLC Purchases Shares of 6,614 International Flavors & Fragrances Inc. (NYSE:IFF)

Walnut Level Capital LLC acquired a new stake in International Flavors & Fragrances Inc. (NYSE:IFF - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 6,614 shares of the specialty chemicals company's stock, valued at approximately $559,000.

A number of other hedge funds also recently made changes to their positions in the business. UMB Bank n.a. raised its stake in International Flavors & Fragrances by 8.9% in the 4th quarter. UMB Bank n.a. now owns 1,458 shares of the specialty chemicals company's stock valued at $123,000 after acquiring an additional 119 shares during the period. Arete Wealth Advisors LLC grew its position in shares of International Flavors & Fragrances by 4.2% in the third quarter. Arete Wealth Advisors LLC now owns 3,061 shares of the specialty chemicals company's stock valued at $321,000 after purchasing an additional 124 shares during the last quarter. Truist Financial Corp lifted its holdings in International Flavors & Fragrances by 0.7% during the 4th quarter. Truist Financial Corp now owns 19,908 shares of the specialty chemicals company's stock worth $1,683,000 after purchasing an additional 129 shares during the last quarter. United Community Bank boosted its stake in International Flavors & Fragrances by 19.4% in the 4th quarter. United Community Bank now owns 925 shares of the specialty chemicals company's stock valued at $78,000 after purchasing an additional 150 shares during the period. Finally, Principal Securities Inc. increased its position in International Flavors & Fragrances by 36.6% during the 4th quarter. Principal Securities Inc. now owns 638 shares of the specialty chemicals company's stock worth $54,000 after buying an additional 171 shares during the period. 96.02% of the stock is owned by institutional investors and hedge funds.

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International Flavors & Fragrances Trading Down 2.3 %

International Flavors & Fragrances stock traded down $1.77 during trading hours on Friday, reaching $76.41. 930,285 shares of the company's stock were exchanged, compared to its average volume of 1,476,197. The firm has a market capitalization of $19.54 billion, a PE ratio of 81.28, a PEG ratio of 1.45 and a beta of 1.21. The company has a quick ratio of 1.93, a current ratio of 1.84 and a debt-to-equity ratio of 0.54. The firm's 50 day simple moving average is $82.56 and its 200 day simple moving average is $89.97. International Flavors & Fragrances Inc. has a twelve month low of $76.38 and a twelve month high of $106.77.

International Flavors & Fragrances (NYSE:IFF - Get Free Report) last issued 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 business had revenue of $2.77 billion during 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%. Research analysts predict that International Flavors & Fragrances Inc. will post 4.32 earnings per share for the current year.

International Flavors & Fragrances Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, April 11th. Shareholders of record on Friday, March 21st will be issued a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a yield of 2.09%. The ex-dividend date of this dividend is Friday, March 21st. International Flavors & Fragrances's payout ratio is 170.21%.

Insider Activity

In other news, Director Kevin O'byrne bought 6,500 shares of the firm's stock in a transaction that occurred on 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 directly 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 filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 0.20% of the company's stock.

Analyst Ratings Changes

A number of brokerages recently issued reports on IFF. Citigroup decreased 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 research note on Wednesday, December 18th. Barclays dropped their price objective on International Flavors & Fragrances from $83.00 to $82.00 and set an "equal weight" rating for the company in a research report on Thursday. Oppenheimer lowered their target price 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. Bank of America reduced their price target on shares of International Flavors & Fragrances from $105.00 to $101.00 and set a "buy" rating on the stock in a research note on Thursday, February 20th. Finally, Cfra lowered 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 report on Thursday, February 20th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and eleven have given a buy rating to the stock. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $103.31.

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.