International Flavors & Fragrances Inc. (NYSE:IFF) Shares Sold by Twin Tree Management LP

Twin Tree Management LP reduced its stake in shares of International Flavors & Fragrances Inc. (NYSE:IFF) by 90.9% in the 4th quarter, HoldingsChannel reports. The firm owned 3,984 shares of the specialty chemicals company’s stock after selling 40,012 shares during the quarter. Twin Tree Management LP’s holdings in International Flavors & Fragrances were worth $337,000 at the end of the most recent reporting period.

Other institutional investors have also recently modified their holdings of the company. SBI Securities Co. Ltd. acquired a new position in shares of International Flavors & Fragrances during the 4th quarter worth approximately $32,000. Point72 Hong Kong Ltd purchased a new stake in International Flavors & Fragrances in the 3rd quarter worth approximately $42,000. Fairway Wealth LLC purchased a new stake in International Flavors & Fragrances in the 4th quarter worth approximately $34,000. Rialto Wealth Management LLC purchased a new stake in International Flavors & Fragrances in the 4th quarter worth approximately $42,000. Finally, Principal Securities Inc. grew its stake in International Flavors & Fragrances by 36.6% in the 4th quarter. Principal Securities Inc. now owns 638 shares of the specialty chemicals company’s stock worth $54,000 after acquiring an additional 171 shares during the period. 96.02% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, Director Kevin O’byrne acquired 6,500 shares of the business’s stock in a transaction on Wednesday, March 5th. The shares were purchased at an average price of $80.44 per share, for a total transaction of $522,860.00. Following the acquisition, the director now directly owns 6,500 shares of the company’s stock, valued at $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 link. 0.20% of the stock is currently owned by company insiders.

International Flavors & Fragrances Stock Down 0.2 %

Shares of International Flavors & Fragrances stock opened at $80.62 on Thursday. The company has a fifty day moving average price of $83.35 and a 200 day moving average price of $91.13. The company has a current ratio of 1.84, a quick ratio of 1.93 and a debt-to-equity ratio of 0.54. International Flavors & Fragrances Inc. has a twelve month low of $78.91 and a twelve month high of $106.77. The stock has a market cap of $20.62 billion, a price-to-earnings ratio of 85.77, a price-to-earnings-growth ratio of 1.45 and a beta of 1.21.

International Flavors & Fragrances (NYSE:IFF) last announced its quarterly 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. International Flavors & Fragrances had a net margin of 2.12% and a return on equity of 7.72%. The firm had revenue of $2.77 billion during the quarter, compared to analysts’ expectations of $2.67 billion. Equities research analysts forecast 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. Shareholders of record on Friday, March 21st will be issued a $0.40 dividend. The ex-dividend date of this dividend is Friday, March 21st. This represents a $1.60 dividend on an annualized basis and a yield of 1.98%. International Flavors & Fragrances’s dividend payout ratio is currently 170.21%.

Analyst Ratings Changes

Several research firms have commented on IFF. Citigroup lowered their target price on shares of International Flavors & Fragrances from $110.00 to $105.00 and set a “buy” rating for the company in a research note on Wednesday, December 18th. Stifel Nicolaus lowered their target price on shares of International Flavors & Fragrances from $113.00 to $105.00 and set a “buy” rating for the company in a research note on Monday, February 3rd. Oppenheimer lowered their target price on shares of 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. Wells Fargo & Company lowered their price objective on shares of International Flavors & Fragrances from $115.00 to $105.00 and set an “overweight” rating for the company in a research note on Thursday, February 20th. Finally, Barclays lowered their price objective on shares of International Flavors & Fragrances from $90.00 to $88.00 and set an “equal weight” rating for the company in a research note on Friday, January 17th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and twelve have issued a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $103.50.

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.