Graham Capital Management L.P. Buys 58,331 Shares of International Flavors & Fragrances Inc. (NYSE:IFF)

Graham Capital Management L.P. increased its stake in International Flavors & Fragrances Inc. (NYSE:IFF) by 671.1% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 67,023 shares of the specialty chemicals company’s stock after purchasing an additional 58,331 shares during the period. Graham Capital Management L.P.’s holdings in International Flavors & Fragrances were worth $5,667,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. Focus Partners Wealth acquired a new position in shares of International Flavors & Fragrances in the 4th quarter valued at approximately $521,000. Freemont Capital Pte Ltd acquired a new position in International Flavors & Fragrances during the fourth quarter valued at approximately $2,143,882,000. Ensign Peak Advisors Inc lifted its stake in International Flavors & Fragrances by 4.2% during the fourth quarter. Ensign Peak Advisors Inc now owns 418,350 shares of the specialty chemicals company’s stock worth $35,371,000 after purchasing an additional 17,029 shares during the last quarter. FORA Capital LLC acquired a new stake in shares of International Flavors & Fragrances in the 4th quarter valued at $296,000. Finally, D. E. Shaw & Co. Inc. increased its stake in shares of International Flavors & Fragrances by 287.9% in the 4th quarter. D. E. Shaw & Co. Inc. now owns 72,243 shares of the specialty chemicals company’s stock valued at $6,108,000 after purchasing an additional 53,620 shares during the last quarter. Institutional investors and hedge funds own 96.02% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on the company. Robert W. Baird reduced their price objective on International Flavors & Fragrances from $110.00 to $100.00 and set an “outperform” rating on the stock in a research note on Thursday. Wells Fargo & Company reduced their price target on shares of International Flavors & Fragrances from $105.00 to $90.00 and set an “overweight” rating on the stock in a research note on Wednesday, April 9th. Mizuho decreased their price target on shares of International Flavors & Fragrances from $95.00 to $87.00 and set an “outperform” rating on the stock in a report on Tuesday, April 15th. Morgan Stanley dropped their price objective on shares of International Flavors & Fragrances from $106.00 to $100.00 and set an “overweight” rating for the company in a research note on Thursday, April 10th. Finally, UBS Group boosted their target price on shares of International Flavors & Fragrances from $82.00 to $83.00 and gave the stock a “neutral” rating in a research note on Wednesday. One equities research 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. According to data from MarketBeat, International Flavors & Fragrances presently has a consensus rating of “Moderate Buy” and a consensus target price of $92.69.

Insider Buying and Selling at International Flavors & Fragrances

In other International Flavors & Fragrances news, Director Kevin O’byrne purchased 6,500 shares of the company’s stock in a transaction on Wednesday, March 5th. The shares were purchased at an average cost of $80.44 per share, with a total value 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO J Erik Fyrwald purchased 700 shares of the business’s stock in a transaction on Thursday, May 8th. The shares were acquired at an average price of $74.00 per share, for a total transaction of $51,800.00. Following the completion of the acquisition, the chief executive officer now directly owns 37,770 shares in the company, valued at approximately $2,794,980. This represents a 1.89 % increase in their position. The disclosure for this purchase can be found here. Insiders own 0.20% of the company’s stock.

International Flavors & Fragrances Trading Down 0.8 %

NYSE IFF opened at $73.46 on Friday. International Flavors & Fragrances Inc. has a 12 month low of $65.85 and a 12 month high of $106.77. The company has a current ratio of 1.84, a quick ratio of 1.93 and a debt-to-equity ratio of 0.54. The firm has a market capitalization of $18.79 billion, a PE ratio of 78.15, a price-to-earnings-growth ratio of 1.45 and a beta of 1.08. The business’s 50-day moving average price is $76.39 and its two-hundred day moving average price is $83.69.

International Flavors & Fragrances (NYSE:IFF) last released its earnings results on Tuesday, May 6th. The specialty chemicals company reported $1.20 earnings per share for the quarter, beating analysts’ consensus estimates of $1.12 by $0.08. The business had revenue of $2.84 billion during the quarter, compared to the consensus estimate of $2.83 billion. International Flavors & Fragrances had a net margin of 2.12% and a return on equity of 7.72%. The company’s revenue for the quarter was down 1.9% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.13 EPS. On average, analysts expect that International Flavors & Fragrances Inc. will post 4.32 EPS for the current year.

International Flavors & Fragrances Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, July 11th. Investors of record on Friday, June 20th will be issued a $0.40 dividend. The ex-dividend date is Friday, June 20th. This represents a $1.60 annualized dividend and a yield of 2.18%. International Flavors & Fragrances’s payout ratio is -48.93%.

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.