Moore Capital Management LP Purchases Shares of 28,090 International Flavors & Fragrances Inc. (NYSE:IFF)

Moore Capital Management LP purchased a new stake in International Flavors & Fragrances Inc. (NYSE:IFF) during the 4th quarter, Holdings Channel reports. The firm purchased 28,090 shares of the specialty chemicals company’s stock, valued at approximately $2,375,000.

Several other large investors also recently made changes to their positions in the company. Principal Financial Group Inc. increased its stake in shares of International Flavors & Fragrances by 2.1% during the third quarter. Principal Financial Group Inc. now owns 470,676 shares of the specialty chemicals company’s stock valued at $49,388,000 after acquiring an additional 9,555 shares during the period. Czech National Bank increased its stake in shares of International Flavors & Fragrances by 6.4% during the fourth quarter. Czech National Bank now owns 55,437 shares of the specialty chemicals company’s stock valued at $4,687,000 after acquiring an additional 3,357 shares during the period. Wedmont Private Capital increased its stake in shares of International Flavors & Fragrances by 43.4% during the fourth quarter. Wedmont Private Capital now owns 3,414 shares of the specialty chemicals company’s stock valued at $278,000 after acquiring an additional 1,033 shares during the period. Bar Harbor Wealth Management increased its stake in shares of International Flavors & Fragrances by 9.7% during the fourth quarter. Bar Harbor Wealth Management now owns 23,377 shares of the specialty chemicals company’s stock valued at $1,977,000 after acquiring an additional 2,071 shares during the period. Finally, Oak Thistle LLC acquired a new position in shares of International Flavors & Fragrances during the fourth quarter valued at approximately $646,000. Institutional investors and hedge funds own 96.02% of the company’s stock.

Analysts Set New Price Targets

IFF has been the topic of a number of research analyst reports. Stifel Nicolaus lowered 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. Bank of America decreased their price target on shares of International Flavors & Fragrances from $105.00 to $101.00 and set a “buy” rating on the stock in a research report on Thursday, February 20th. JPMorgan Chase & Co. decreased their price target on shares of 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. Robert W. Baird decreased their price target on shares of International Flavors & Fragrances from $110.00 to $100.00 and set an “outperform” rating on the stock in a research report on Thursday, May 8th. Finally, Cfra lowered shares of International Flavors & Fragrances from a “buy” rating to a “sell” rating and set a $77.00 price target on the stock. in a research report on Thursday, February 20th. One analyst has rated the stock with a sell rating, one has issued a hold rating and twelve have given a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $92.69.

Insider Buying and Selling at International Flavors & Fragrances

In related news, CEO J Erik Fyrwald bought 700 shares of the firm’s stock in a transaction on Thursday, May 8th. The stock was bought at an average price of $74.00 per share, with a total value of $51,800.00. Following the purchase, the chief executive officer now directly owns 37,770 shares of the company’s stock, valued at approximately $2,794,980. This represents a 1.89% increase in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director Kevin O’byrne bought 6,500 shares of the firm’s stock in a transaction on Wednesday, March 5th. The shares were bought at an average cost of $80.44 per share, with a total value of $522,860.00. Following the purchase, the director now directly owns 6,500 shares in the company, valued at approximately $522,860. This trade represents a ∞ increase in their ownership of the stock. The disclosure for this purchase can be found here. Company insiders own 0.20% of the company’s stock.

International Flavors & Fragrances Trading Up 4.0%

International Flavors & Fragrances stock opened at $76.37 on Tuesday. The company has a 50 day moving average price of $76.29 and a 200 day moving average price of $83.24. International Flavors & Fragrances Inc. has a 52 week low of $65.85 and a 52 week high of $106.77. The company has a debt-to-equity ratio of 0.54, a quick ratio of 1.93 and a current ratio of 1.84. The firm has a market capitalization of $19.53 billion, a price-to-earnings ratio of 81.24, a P/E/G ratio of 1.45 and a beta of 1.08.

International Flavors & Fragrances (NYSE:IFF) last posted its quarterly earnings data on Tuesday, May 6th. The specialty chemicals company reported $1.20 EPS for the quarter, topping analysts’ consensus estimates 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 firm had revenue of $2.84 billion during the quarter, compared to analyst estimates of $2.83 billion. During the same quarter last year, the business posted $1.13 EPS. The company’s revenue was down 1.9% on a year-over-year basis. Research analysts forecast that International Flavors & Fragrances Inc. will post 4.32 EPS for the current year.

International Flavors & Fragrances Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, July 11th. Shareholders of record on Friday, June 20th will be paid a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a dividend yield of 2.10%. The ex-dividend date of this dividend is Friday, June 20th. International Flavors & Fragrances’s dividend payout ratio (DPR) is currently -48.93%.

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.