Farringdon Capital Ltd. Makes New $214,000 Investment in International Flavors & Fragrances Inc. (NYSE:IFF)

Farringdon Capital Ltd. bought a new position in shares of International Flavors & Fragrances Inc. (NYSE:IFF) in the fourth quarter, HoldingsChannel reports. The firm bought 2,536 shares of the specialty chemicals company’s stock, valued at approximately $214,000.

A number of other hedge funds also recently bought and sold shares of IFF. Norges Bank purchased a new position in shares of International Flavors & Fragrances during the fourth quarter valued at approximately $452,363,000. Dodge & Cox increased its position in International Flavors & Fragrances by 11.9% during the 4th quarter. Dodge & Cox now owns 31,437,763 shares of the specialty chemicals company’s stock valued at $2,658,063,000 after purchasing an additional 3,355,381 shares during the period. Van ECK Associates Corp raised its holdings 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 lifted its position in shares of International Flavors & Fragrances by 25.7% in the 4th 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 period. Finally, Invesco Ltd. increased its position in shares of International Flavors & Fragrances by 20.0% during the fourth quarter. Invesco Ltd. now owns 2,595,110 shares of the specialty chemicals company’s stock valued at $219,417,000 after buying an additional 433,048 shares during the period. Hedge funds and other institutional investors own 96.02% of the company’s stock.

Insider Buying and Selling

In other International Flavors & Fragrances news, Director Kevin O’byrne purchased 6,500 shares of the firm’s stock in a transaction on Wednesday, March 5th. The shares were acquired at an average cost of $80.44 per share, for a total transaction of $522,860.00. Following the completion of the transaction, the director now owns 6,500 shares of the company’s stock, valued at approximately $522,860. The trade was a ∞ increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 0.20% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

Several analysts have weighed in on IFF shares. JPMorgan Chase & Co. cut their price objective on International Flavors & Fragrances from $107.00 to $104.00 and set an “overweight” rating on the stock in a research report on Thursday, February 20th. Bank of America reduced their price target on 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. Citigroup lowered their price objective on International Flavors & Fragrances from $99.00 to $84.00 and set a “buy” rating for the company in a research report on Tuesday, April 8th. Oppenheimer reduced their target price on shares of International Flavors & Fragrances from $114.00 to $104.00 and set an “outperform” rating on the stock in a research report on Thursday, February 20th. Finally, Stifel Nicolaus dropped their price objective on shares of International Flavors & Fragrances from $105.00 to $91.00 and set a “buy” rating on the stock in a research note on Thursday, April 10th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and eleven have issued a buy rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $95.69.

International Flavors & Fragrances Trading Up 3.2 %

Shares of NYSE:IFF opened at $73.33 on Friday. International Flavors & Fragrances Inc. has a 1 year low of $65.85 and a 1 year high of $106.77. The stock’s fifty day moving average price is $78.18 and its 200-day moving average price is $86.35. The company has a debt-to-equity ratio of 0.54, a current ratio of 1.84 and a quick ratio of 1.93. The company has a market cap of $18.75 billion, a P/E ratio of 78.01, a PEG ratio of 1.45 and a beta of 1.21.

International Flavors & Fragrances (NYSE:IFF) last issued its quarterly earnings data on Tuesday, February 18th. The specialty chemicals company reported $0.97 earnings per share for the quarter, beating analysts’ consensus estimates of $0.83 by $0.14. International Flavors & Fragrances had a net margin of 2.12% and a return on equity of 7.72%. The company had revenue of $2.77 billion for the quarter, compared to the consensus estimate of $2.67 billion. Sell-side analysts expect 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 was paid on Friday, April 11th. Stockholders of record on Friday, March 21st were given a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a dividend yield of 2.18%. The ex-dividend date was Friday, March 21st. International Flavors & Fragrances’s payout ratio is currently 170.21%.

International Flavors & Fragrances Company 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.