7,643 Shares in International Flavors & Fragrances Inc. (NYSE:IFF) Purchased by Oak Thistle LLC

Oak Thistle LLC acquired a new stake in shares of International Flavors & Fragrances Inc. (NYSE:IFF) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 7,643 shares of the specialty chemicals company’s stock, valued at approximately $646,000.

Other hedge funds also recently added to or reduced their stakes in the company. State Street Corp raised its stake 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 during the last quarter. Geode Capital Management LLC lifted its stake in shares of 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 worth $628,341,000 after acquiring an additional 77,521 shares during the period. Nordea Investment Management AB boosted its holdings 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 acquiring an additional 1,121,414 shares in the last quarter. Dimensional Fund Advisors LP increased its stake in shares of International Flavors & Fragrances by 7.6% during the second quarter. Dimensional Fund Advisors LP now owns 1,756,438 shares of the specialty chemicals company’s stock worth $167,244,000 after acquiring an additional 123,693 shares during the period. Finally, Charles Schwab Investment Management Inc. raised its holdings in International Flavors & Fragrances by 1.1% during the third quarter. Charles Schwab Investment Management Inc. now owns 1,498,815 shares of the specialty chemicals company’s stock worth $157,271,000 after purchasing an additional 16,590 shares in the last quarter. 96.02% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities analysts have issued reports on IFF shares. UBS Group boosted their target price on International Flavors & Fragrances from $108.00 to $111.00 and gave the stock a “neutral” rating in a research report on Wednesday, November 6th. Citigroup cut their price objective on International Flavors & Fragrances from $110.00 to $105.00 and set a “buy” rating for the company in a research report on Wednesday, December 18th. Vertical Research raised International Flavors & Fragrances from a “hold” rating to a “buy” rating and set a $109.00 target price for the company in a report on Thursday, November 7th. Stifel Nicolaus upped their price target on shares of International Flavors & Fragrances from $115.00 to $121.00 and gave the stock a “buy” rating in a research note on Thursday, October 24th. Finally, Barclays raised their price objective on shares of International Flavors & Fragrances from $93.00 to $99.00 and gave the company an “equal weight” rating in a research note on Friday, October 11th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and twelve have assigned a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $110.08.

Insider Activity at International Flavors & Fragrances

In other International Flavors & Fragrances news, insider Yuvraj Arora sold 5,000 shares of the business’s stock in a transaction on Monday, November 11th. The stock was sold at an average price of $91.75, for a total value of $458,750.00. Following the completion of the transaction, the insider now directly owns 3,238 shares in the company, valued at approximately $297,086.50. The trade was a 60.69 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 0.20% of the company’s stock.

International Flavors & Fragrances Trading Up 0.6 %

Shares of International Flavors & Fragrances stock opened at $84.20 on Thursday. The business has a 50 day moving average price of $87.15 and a 200 day moving average price of $95.74. The company has a market capitalization of $21.53 billion, a P/E ratio of -9.26, a P/E/G ratio of 1.54 and a beta of 1.18. The company has a debt-to-equity ratio of 0.58, a current ratio of 2.62 and a quick ratio of 1.93. International Flavors & Fragrances Inc. has a 1 year low of $72.94 and a 1 year high of $106.77.

International Flavors & Fragrances (NYSE:IFF) last issued its quarterly earnings data on Tuesday, November 5th. The specialty chemicals company reported $0.62 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.08 by ($0.46). The company had revenue of $2.93 billion during the quarter, compared to analysts’ expectations of $2.83 billion. International Flavors & Fragrances had a negative net margin of 20.33% and a positive return on equity of 7.16%. The firm’s revenue was up 3.7% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.89 earnings per share. Sell-side analysts anticipate that International Flavors & Fragrances Inc. will post 4.16 EPS for the current fiscal year.

International Flavors & Fragrances Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, January 8th. Stockholders of record on Friday, December 20th were given a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.90%. The ex-dividend date of this dividend was Friday, December 20th. International Flavors & Fragrances’s dividend payout ratio is presently -17.60%.

About International Flavors & Fragrances

International Flavors & Fragrances Inc, together with its subsidiaries, manufactures and sells cosmetic active and natural health ingredients for use in various consumer products in the United States, Europe, and internationally. It operates through four segments: Nourish, Health & Biosciences, Scent, and Pharma Solutions.