AQR Capital Management LLC Has $6.03 Million Stock Holdings in International Flavors & Fragrances Inc. (NYSE:IFF)

AQR Capital Management LLC decreased its position in International Flavors & Fragrances Inc. (NYSE:IFF) by 52.5% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 71,329 shares of the specialty chemicals company’s stock after selling 78,822 shares during the period. AQR Capital Management LLC’s holdings in International Flavors & Fragrances were worth $6,025,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. Compagnie Lombard Odier SCmA lifted its position in International Flavors & Fragrances by 11.1% in the fourth quarter. Compagnie Lombard Odier SCmA now owns 114,179 shares of the specialty chemicals company’s stock worth $9,654,000 after purchasing an additional 11,406 shares during the period. Choreo LLC lifted its holdings in shares of International Flavors & Fragrances by 55.7% during the 4th quarter. Choreo LLC now owns 24,401 shares of the specialty chemicals company’s stock worth $2,055,000 after acquiring an additional 8,728 shares during the period. Covea Finance boosted its position in shares of International Flavors & Fragrances by 79.0% during the 4th quarter. Covea Finance now owns 123,090 shares of the specialty chemicals company’s stock valued at $10,407,000 after acquiring an additional 54,340 shares in the last quarter. U.S. Capital Wealth Advisors LLC bought a new stake in International Flavors & Fragrances in the fourth quarter valued at about $7,508,000. Finally, S.E.E.D. Planning Group LLC raised its position in International Flavors & Fragrances by 372.9% in the fourth quarter. S.E.E.D. Planning Group LLC now owns 63,104 shares of the specialty chemicals company’s stock worth $5,335,000 after purchasing an additional 49,761 shares in the last quarter. Institutional investors own 96.02% of the company’s stock.

Wall Street Analyst Weigh In

IFF has been the subject of a number of recent research reports. Stifel Nicolaus dropped their target price on International Flavors & Fragrances from $105.00 to $91.00 and set a “buy” rating for the company in a report on Thursday, April 10th. Barclays dropped their price objective on International Flavors & Fragrances from $82.00 to $76.00 and set an “equal weight” rating for the company in a research note on Monday, April 14th. Mizuho reduced their target price on shares of International Flavors & Fragrances from $95.00 to $87.00 and set an “outperform” rating on the stock in a research note on Tuesday, April 15th. JPMorgan Chase & Co. dropped their target price on shares of International Flavors & Fragrances from $107.00 to $104.00 and set an “overweight” rating for the company in a research report on Thursday, February 20th. Finally, Morgan Stanley reduced their price target on shares of International Flavors & Fragrances from $106.00 to $100.00 and set an “overweight” rating on the stock in a research report on Thursday, April 10th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and eleven have given a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $92.38.

Insider Buying and Selling at International Flavors & Fragrances

In other news, Director Kevin O’byrne acquired 6,500 shares of International Flavors & Fragrances stock in a transaction that occurred on Wednesday, March 5th. The shares were acquired at an average price of $80.44 per share, with a total value of $522,860.00. Following the purchase, the director now directly owns 6,500 shares of the company’s stock, valued at $522,860. The trade was a ∞ increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 0.20% of the company’s stock.

International Flavors & Fragrances Price Performance

International Flavors & Fragrances stock opened at $73.69 on Thursday. The business’s 50-day simple moving average is $76.65 and its 200 day simple moving average is $84.10. 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 stock has a market cap of $18.85 billion, a price-to-earnings ratio of 78.39, a P/E/G ratio of 1.45 and a beta of 1.08. International Flavors & Fragrances Inc. has a 12-month low of $65.85 and a 12-month high of $106.77.

International Flavors & Fragrances (NYSE:IFF) last issued its quarterly earnings results on Tuesday, May 6th. The specialty chemicals company reported $1.20 EPS for the quarter, topping the consensus estimate of $1.12 by $0.08. International Flavors & Fragrances had a net margin of 2.12% and a return on equity of 7.72%. The company had revenue of $2.84 billion during the quarter, compared to analysts’ expectations of $2.83 billion. During the same quarter in the previous year, the company earned $1.13 EPS. International Flavors & Fragrances’s revenue was down 1.9% on a year-over-year basis. As a group, research analysts anticipate that International Flavors & Fragrances Inc. will post 4.32 earnings per share for the current year.

International Flavors & Fragrances Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, July 11th. Investors of record on Friday, June 20th will be paid a dividend of $0.40 per share. The ex-dividend date of this dividend is Friday, June 20th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 2.17%. International Flavors & Fragrances’s dividend payout ratio (DPR) is presently 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.