Andra AP fonden Raises Stock Position in International Flavors & Fragrances Inc. (NYSE:IFF)

Andra AP fonden grew its holdings in International Flavors & Fragrances Inc. (NYSE:IFF) by 216.1% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 46,516 shares of the specialty chemicals company’s stock after purchasing an additional 31,800 shares during the period. Andra AP fonden’s holdings in International Flavors & Fragrances were worth $3,933,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also recently made changes to their positions in IFF. SBI Securities Co. Ltd. acquired a new position in shares of International Flavors & Fragrances in the fourth quarter worth $32,000. Point72 Hong Kong Ltd purchased a new stake in shares of International Flavors & Fragrances in the 3rd quarter valued at about $42,000. Ashton Thomas Securities LLC acquired a new stake in shares of International Flavors & Fragrances in the 3rd quarter valued at about $48,000. Principal Securities Inc. grew 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 acquiring an additional 171 shares during the last quarter. Finally, Brooklyn Investment Group acquired a new position in International Flavors & Fragrances in the third quarter valued at $88,000. Hedge funds and other institutional investors own 96.02% of the company’s stock.

International Flavors & Fragrances Price Performance

NYSE:IFF opened at $82.60 on Friday. The firm has a market cap of $21.12 billion, a PE ratio of 87.88, a price-to-earnings-growth ratio of 1.45 and a beta of 1.21. International Flavors & Fragrances Inc. has a 12 month low of $78.64 and a 12 month high of $106.77. The company’s 50-day moving average price is $83.80 and its two-hundred day moving average price is $92.31. The company has a quick ratio of 1.93, a current ratio of 1.84 and a debt-to-equity ratio of 0.54.

International Flavors & Fragrances (NYSE:IFF) last posted its quarterly earnings results on Tuesday, February 18th. The specialty chemicals company reported $0.97 earnings per share (EPS) for the quarter, beating 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 business had revenue of $2.77 billion for the quarter, compared to analysts’ expectations of $2.67 billion. On average, equities 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 will be paid on Friday, April 11th. Investors of record on Friday, March 21st will be issued a dividend of $0.40 per share. The ex-dividend date of this dividend is Friday, March 21st. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.94%. International Flavors & Fragrances’s payout ratio is 170.21%.

Insider Activity

In other International Flavors & Fragrances news, Director Kevin O’byrne acquired 6,500 shares of the business’s stock in a transaction dated Wednesday, March 5th. The stock was bought at an average cost of $80.44 per share, with a total value of $522,860.00. Following the completion of the transaction, the director now directly owns 6,500 shares in the company, valued at approximately $522,860. This represents a ∞ increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 0.20% of the company’s stock.

Analyst Ratings Changes

Several analysts have recently weighed in on the stock. Bank of America lowered their target price on shares of International Flavors & Fragrances from $105.00 to $101.00 and set a “buy” rating on the stock in a report on Thursday, February 20th. Cfra cut shares of International Flavors & Fragrances from a “buy” rating to a “sell” rating and set a $77.00 price objective on the stock. in a research note on Thursday, February 20th. Barclays cut their price target on International Flavors & Fragrances from $90.00 to $88.00 and set an “equal weight” rating for the company in a report on Friday, January 17th. JPMorgan Chase & Co. reduced their price objective on shares of International Flavors & Fragrances from $107.00 to $104.00 and set an “overweight” rating on the stock in a research note on Thursday, February 20th. Finally, Argus upgraded International Flavors & Fragrances from a “hold” rating to a “buy” rating in a report on Tuesday, January 7th. One analyst has rated the stock with a sell rating, three have issued a hold rating and twelve have given a buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $103.50.

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.