Quarry LP Invests $78,000 in International Flavors & Fragrances Inc. (NYSE:IFF)

Quarry LP acquired a new position in shares of International Flavors & Fragrances Inc. (NYSE:IFF) during the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 925 shares of the specialty chemicals company’s stock, valued at approximately $78,000.

Other institutional investors also recently bought and sold shares of the company. Dodge & Cox grew its holdings in shares of International Flavors & Fragrances by 11.9% during the fourth quarter. Dodge & Cox now owns 31,437,763 shares of the specialty chemicals company’s stock worth $2,658,063,000 after buying an additional 3,355,381 shares during the last quarter. Vanguard Group Inc. grew its holdings in shares of International Flavors & Fragrances by 0.5% during the fourth quarter. Vanguard Group Inc. now owns 30,218,759 shares of the specialty chemicals company’s stock worth $2,554,996,000 after buying an additional 164,945 shares during the last quarter. Geode Capital Management LLC grew its holdings in shares of International Flavors & Fragrances by 2.6% during the fourth quarter. Geode Capital Management LLC now owns 6,166,778 shares of the specialty chemicals company’s stock worth $520,032,000 after buying an additional 157,948 shares during the last quarter. Van ECK Associates Corp grew its holdings in shares of International Flavors & Fragrances by 41.6% during the fourth quarter. Van ECK Associates Corp now owns 5,664,250 shares of the specialty chemicals company’s stock worth $478,912,000 after buying an additional 1,663,629 shares during the last quarter. Finally, Nordea Investment Management AB grew its holdings in shares of International Flavors & Fragrances by 25.7% during the fourth quarter. Nordea Investment Management AB now owns 5,489,741 shares of the specialty chemicals company’s stock worth $464,926,000 after buying an additional 1,121,414 shares during the last quarter. 96.02% of the stock is currently owned by institutional investors and hedge funds.

International Flavors & Fragrances Trading Up 1.2 %

Shares of International Flavors & Fragrances stock opened at $78.46 on Thursday. The company has a debt-to-equity ratio of 0.54, a current ratio of 1.84 and a quick ratio of 1.93. International Flavors & Fragrances Inc. has a 1 year low of $65.85 and a 1 year high of $106.77. The company has a market capitalization of $20.06 billion, a P/E ratio of 83.47, a P/E/G ratio of 1.45 and a beta of 1.21. The business has a 50 day moving average price of $76.94 and a 200 day moving average price of $85.05.

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 (EPS) for the quarter, topping 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 firm had revenue of $2.77 billion during the quarter, compared to the consensus estimate of $2.67 billion. Sell-side analysts anticipate that International Flavors & Fragrances Inc. will post 4.32 EPS for the current fiscal year.

International Flavors & Fragrances Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, April 11th. Investors of record on Friday, March 21st were given a dividend of $0.40 per share. The ex-dividend date was Friday, March 21st. This represents a $1.60 annualized dividend and a dividend yield of 2.04%. International Flavors & Fragrances’s dividend payout ratio is currently 170.21%.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on IFF shares. Citigroup lowered their price target on International Flavors & Fragrances from $99.00 to $84.00 and set a “buy” rating on the stock in a report on Tuesday, April 8th. Morgan Stanley lowered their price objective on International Flavors & Fragrances from $106.00 to $100.00 and set an “overweight” rating on the stock in a report on Thursday, April 10th. Wells Fargo & Company lowered their price objective on International Flavors & Fragrances from $105.00 to $90.00 and set an “overweight” rating on the stock in a report on Wednesday, April 9th. Barclays lowered their price objective on International Flavors & Fragrances from $82.00 to $76.00 and set an “equal weight” rating on the stock in a report on Monday, April 14th. Finally, JPMorgan Chase & Co. lowered their price objective on International Flavors & Fragrances from $107.00 to $104.00 and set an “overweight” rating on the stock in a report on Thursday, February 20th. One investment 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. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $94.54.

Insider Buying and Selling

In other International Flavors & Fragrances news, Director Kevin O’byrne purchased 6,500 shares of the business’s stock in a transaction on Wednesday, March 5th. The stock was bought at an average cost of $80.44 per share, for a total transaction of $522,860.00. Following the acquisition, the director now owns 6,500 shares of the company’s stock, valued at approximately $522,860. The trade was a ∞ increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available at this link. Insiders own 0.17% of the company’s stock.

About International Flavors & Fragrances

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.