Occudo Quantitative Strategies LP Acquires 8,120 Shares of International Flavors & Fragrances Inc. (NYSE:IFF)

Occudo Quantitative Strategies LP raised its holdings in International Flavors & Fragrances Inc. (NYSE:IFF) by 146.3% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 13,669 shares of the specialty chemicals company’s stock after purchasing an additional 8,120 shares during the quarter. Occudo Quantitative Strategies LP’s holdings in International Flavors & Fragrances were worth $1,156,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently bought and sold shares of the company. SBI Securities Co. Ltd. bought a new position in shares of International Flavors & Fragrances in the fourth quarter valued at about $32,000. Fairway Wealth LLC acquired a new stake in International Flavors & Fragrances in the 4th quarter valued at about $34,000. Rialto Wealth Management LLC bought a new position in shares of International Flavors & Fragrances in the fourth quarter worth about $42,000. Principal Securities Inc. lifted its position in shares of International Flavors & Fragrances by 36.6% during the fourth quarter. Principal Securities Inc. now owns 638 shares of the specialty chemicals company’s stock worth $54,000 after purchasing an additional 171 shares in the last quarter. Finally, Sugar Maple Asset Management LLC bought a new stake in shares of International Flavors & Fragrances during the fourth quarter valued at approximately $78,000. Institutional investors and hedge funds own 96.02% of the company’s stock.

International Flavors & Fragrances Stock Performance

Shares of IFF stock opened at $76.49 on Wednesday. The stock has a 50-day moving average of $76.18 and a 200-day moving average of $83.19. International Flavors & Fragrances Inc. has a one year low of $65.85 and a one year high of $106.77. The stock has a market cap of $19.57 billion, a PE ratio of 81.37, a price-to-earnings-growth ratio of 1.45 and a beta of 1.08. 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 (NYSE:IFF) last posted its earnings results on Tuesday, May 6th. The specialty chemicals company reported $1.20 earnings per share 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 for the quarter, compared to analyst estimates of $2.83 billion. During the same period last year, the business posted $1.13 earnings per share. The business’s revenue for the quarter was down 1.9% compared to the same quarter last year. As a group, sell-side analysts expect that International Flavors & Fragrances Inc. will post 4.32 earnings per share for the current year.

International Flavors & Fragrances Announces Dividend

The firm 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 $0.40 dividend. The ex-dividend date of this dividend is Friday, June 20th. This represents a $1.60 dividend on an annualized basis and a yield of 2.09%. International Flavors & Fragrances’s payout ratio is -48.93%.

Wall Street Analysts Forecast Growth

IFF has been the subject of several research analyst reports. Citigroup boosted their price objective on shares of International Flavors & Fragrances from $84.00 to $90.00 and gave the stock a “buy” rating in a research report on Thursday, May 8th. 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 research report on Thursday, April 10th. Wells Fargo & Company decreased their price target 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. Morgan Stanley dropped their price objective on International Flavors & Fragrances from $100.00 to $98.00 and set an “overweight” rating for the company in a report on Tuesday. Finally, Oppenheimer reduced their target price on shares of International Flavors & Fragrances from $104.00 to $89.00 and set an “outperform” rating on the stock in a research note on Tuesday, April 22nd. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and twelve have given a buy rating to the company. Based on data from MarketBeat.com, International Flavors & Fragrances has a consensus rating of “Moderate Buy” and a consensus target price of $92.54.

Insiders Place Their Bets

In related news, CEO J Erik Fyrwald acquired 700 shares of the stock in a transaction dated 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 completion of the transaction, the chief executive officer now directly owns 37,770 shares of the company’s stock, valued at approximately $2,794,980. The trade was a 1.89% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Kevin O’byrne acquired 6,500 shares of the business’s stock in a transaction that occurred 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 completion of the transaction, the director now directly owns 6,500 shares in the company, valued at $522,860. This represents a ∞ increase in their position. The disclosure for this purchase can be found here. Corporate insiders own 0.20% of the company’s stock.

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.