Bayesian Capital Management LP Lowers Position in International Flavors & Fragrances Inc. (NYSE:IFF)

Bayesian Capital Management LP reduced its stake in International Flavors & Fragrances Inc. (NYSE:IFF) by 38.2% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 19,761 shares of the specialty chemicals company’s stock after selling 12,200 shares during the period. Bayesian Capital Management LP’s holdings in International Flavors & Fragrances were worth $1,671,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of the stock. BNP Paribas Financial Markets lifted its holdings in shares of International Flavors & Fragrances by 44.9% in the 4th quarter. BNP Paribas Financial Markets now owns 528,111 shares of the specialty chemicals company’s stock worth $44,652,000 after acquiring an additional 163,534 shares during the last quarter. Algert Global LLC lifted its stake in International Flavors & Fragrances by 68.2% during the fourth quarter. Algert Global LLC now owns 5,887 shares of the specialty chemicals company’s stock worth $498,000 after purchasing an additional 2,387 shares in the last quarter. Alyeska Investment Group L.P. boosted its position in shares of International Flavors & Fragrances by 184.9% during the fourth quarter. Alyeska Investment Group L.P. now owns 568,199 shares of the specialty chemicals company’s stock worth $48,041,000 after buying an additional 368,769 shares during the period. Albar Capital Partners LLP acquired a new stake in shares of International Flavors & Fragrances in the fourth quarter valued at $37,329,000. Finally, DoubleLine ETF Adviser LP purchased a new stake in shares of International Flavors & Fragrances in the 4th quarter valued at $2,433,000. Institutional investors and hedge funds own 96.02% of the company’s stock.

Analysts Set New Price Targets

IFF has been the subject of several research reports. Morgan Stanley dropped their target price on International Flavors & Fragrances from $106.00 to $100.00 and set an “overweight” rating for the company in a research report on Thursday, April 10th. JPMorgan Chase & Co. cut their target price 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. Oppenheimer decreased their price target on shares of International Flavors & Fragrances from $104.00 to $89.00 and set an “outperform” rating for the company in a research report on Tuesday, April 22nd. Mizuho cut their price objective on International Flavors & Fragrances from $95.00 to $87.00 and set an “outperform” rating on the stock in a research report on Tuesday, April 15th. Finally, Cfra lowered International Flavors & Fragrances from a “buy” rating to a “sell” rating and set a $77.00 target price for the company. in a report on Thursday, February 20th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and eleven have issued a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $94.54.

Insider Activity

In other news, Director Kevin O’byrne acquired 6,500 shares of International Flavors & Fragrances stock in a transaction on Wednesday, March 5th. The stock was bought at an average price of $80.44 per share, for a total transaction of $522,860.00. Following the completion of the purchase, the director now owns 6,500 shares in the company, valued at $522,860. This represents a ? increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is accessible through this hyperlink. Company insiders own 0.20% of the company’s stock.

International Flavors & Fragrances Trading Up 1.6 %

IFF opened at $79.06 on Monday. The company has a debt-to-equity ratio of 0.54, a quick ratio of 1.93 and a current ratio of 1.84. International Flavors & Fragrances Inc. has a one year low of $65.85 and a one year high of $106.77. The company has a market cap of $20.22 billion, a P/E ratio of 84.11, a PEG ratio of 1.45 and a beta of 1.08. The business’s 50-day simple moving average is $76.88 and its 200-day simple moving average is $84.39.

International Flavors & Fragrances (NYSE:IFF) last released its quarterly earnings data on Tuesday, February 18th. The specialty chemicals company reported $0.97 earnings per share for the quarter, topping analysts’ consensus estimates of $0.83 by $0.14. International Flavors & Fragrances had a net margin of 2.12% and a return on equity of 7.72%. The company had revenue of $2.77 billion for the quarter, compared to analysts’ expectations of $2.67 billion. As a group, equities research analysts expect that International Flavors & Fragrances Inc. will post 4.32 EPS for the current fiscal year.

International Flavors & Fragrances Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, July 11th. Stockholders of record on Friday, June 20th will be given a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a dividend yield of 2.02%. The ex-dividend date of this dividend is Friday, June 20th. International Flavors & Fragrances’s dividend payout ratio (DPR) is currently 170.21%.

International Flavors & Fragrances 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.