International Flavors & Fragrances Inc. (NYSE:IFF) Shares Sold by Twin Tree Management LP

Twin Tree Management LP cut its holdings in International Flavors & Fragrances Inc. (NYSE:IFF) by 90.9% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,984 shares of the specialty chemicals company’s stock after selling 40,012 shares during the period. Twin Tree Management LP’s holdings in International Flavors & Fragrances were worth $337,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the business. UMB Bank n.a. raised its stake in International Flavors & Fragrances by 8.9% in the fourth quarter. UMB Bank n.a. now owns 1,458 shares of the specialty chemicals company’s stock valued at $123,000 after buying an additional 119 shares in the last quarter. Arete Wealth Advisors LLC grew its holdings in shares of International Flavors & Fragrances by 4.2% during the third quarter. Arete Wealth Advisors LLC now owns 3,061 shares of the specialty chemicals company’s stock worth $321,000 after purchasing an additional 124 shares during the last quarter. Truist Financial Corp grew its holdings in shares of International Flavors & Fragrances by 0.7% during the fourth quarter. Truist Financial Corp now owns 19,908 shares of the specialty chemicals company’s stock worth $1,683,000 after purchasing an additional 129 shares during the last quarter. United Community Bank grew its holdings in shares of International Flavors & Fragrances by 19.4% during the fourth quarter. United Community Bank now owns 925 shares of the specialty chemicals company’s stock worth $78,000 after purchasing an additional 150 shares during the last quarter. Finally, Principal Securities Inc. grew its holdings 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 during the last quarter. 96.02% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In related news, Director Kevin O’byrne purchased 6,500 shares of International Flavors & Fragrances stock in a transaction dated 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 transaction, the director now owns 6,500 shares in the company, valued at approximately $522,860. The trade was a ∞ increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Insiders own 0.20% of the company’s stock.

International Flavors & Fragrances Price Performance

Shares of IFF opened at $80.62 on Thursday. International Flavors & Fragrances Inc. has a twelve month low of $78.91 and a twelve month high of $106.77. The stock’s 50 day moving average is $83.35 and its two-hundred day moving average is $91.13. The firm has a market capitalization of $20.62 billion, a PE ratio of 85.77, a P/E/G ratio of 1.45 and a beta of 1.21. The company has a current ratio of 1.84, a quick ratio of 1.93 and a debt-to-equity ratio of 0.54.

International Flavors & Fragrances (NYSE:IFF) last announced its quarterly earnings data on Tuesday, February 18th. The specialty chemicals company reported $0.97 earnings per share for the quarter, beating analysts’ consensus estimates 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 company had revenue of $2.77 billion for the quarter, compared to analyst estimates of $2.67 billion. Research analysts anticipate that International Flavors & Fragrances Inc. will post 4.32 earnings per share for the current year.

International Flavors & Fragrances Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, April 11th. Stockholders of record on Friday, March 21st will be given 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 1.98%. International Flavors & Fragrances’s payout ratio is 170.21%.

Wall Street Analyst Weigh In

Several equities analysts have issued reports on the company. Stifel Nicolaus dropped their price objective on International Flavors & Fragrances from $113.00 to $105.00 and set a “buy” rating on the stock in a report on Monday, February 3rd. JPMorgan Chase & Co. dropped their price objective on International Flavors & Fragrances from $107.00 to $104.00 and set an “overweight” rating on the stock in a report on Thursday, February 20th. Bank of America dropped their price objective on International Flavors & Fragrances from $105.00 to $101.00 and set a “buy” rating on the stock in a report on Thursday, February 20th. Citigroup lowered their price target on International Flavors & Fragrances from $110.00 to $105.00 and set a “buy” rating on the stock in a report on Wednesday, December 18th. Finally, Barclays lowered their price target on International Flavors & Fragrances from $90.00 to $88.00 and set an “equal weight” rating on the stock in a report on Friday, January 17th. One analyst has rated the stock with a sell rating, three have given a hold rating and twelve have given a buy rating to the stock. Based on data from MarketBeat, the company 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.