Walnut Level Capital LLC Buys Shares of 6,614 International Flavors & Fragrances Inc. (NYSE:IFF)

Walnut Level Capital LLC bought a new stake in shares of International Flavors & Fragrances Inc. (NYSE:IFF) during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund bought 6,614 shares of the specialty chemicals company’s stock, valued at approximately $559,000.

Several other hedge funds have also recently added to or reduced their stakes in the business. UMB Bank n.a. boosted its position in shares of 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 worth $123,000 after buying an additional 119 shares during the period. Arete Wealth Advisors LLC boosted its position in 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 valued at $321,000 after purchasing an additional 124 shares during the last quarter. Truist Financial Corp boosted its position in 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 valued at $1,683,000 after purchasing an additional 129 shares during the last quarter. United Community Bank boosted its position in International Flavors & Fragrances by 19.4% during the fourth quarter. United Community Bank now owns 925 shares of the specialty chemicals company’s stock valued at $78,000 after purchasing an additional 150 shares during the last quarter. Finally, Principal Securities Inc. boosted its position in International Flavors & Fragrances by 36.6% during the fourth quarter. Principal Securities Inc. now owns 638 shares of the specialty chemicals company’s stock valued at $54,000 after purchasing an additional 171 shares during the last quarter. Institutional investors own 96.02% of the company’s stock.

Insider Activity at International Flavors & Fragrances

In other news, Director Kevin O’byrne purchased 6,500 shares of the stock in a transaction that occurred on Wednesday, March 5th. The shares were purchased at an average cost of $80.44 per share, for a total transaction of $522,860.00. Following the completion of the purchase, the director now directly owns 6,500 shares of the company’s stock, valued at approximately $522,860. The trade was a ∞ increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 0.20% of the company’s stock.

Analysts Set New Price Targets

A number of analysts recently issued reports on IFF shares. Stifel Nicolaus reduced their price objective on International Flavors & Fragrances from $113.00 to $105.00 and set a “buy” rating for the company in a research report on Monday, February 3rd. Wells Fargo & Company reduced their price objective on International Flavors & Fragrances from $115.00 to $105.00 and set an “overweight” rating for the company in a research report on Thursday, February 20th. Cfra cut International Flavors & Fragrances from a “buy” rating to a “sell” rating and set a $77.00 price objective for the company. in a research report on Thursday, February 20th. Bank of America reduced their price target on International Flavors & Fragrances from $105.00 to $101.00 and set a “buy” rating for the company in a research report on Thursday, February 20th. Finally, JPMorgan Chase & Co. reduced their price target on International Flavors & Fragrances from $107.00 to $104.00 and set an “overweight” rating for the company in a research report on Thursday, February 20th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and eleven have given a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $103.77.

International Flavors & Fragrances Trading Down 2.3 %

International Flavors & Fragrances stock opened at $77.93 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. The business’s 50-day simple moving average is $83.23 and its 200-day simple moving average is $90.70. The firm has a market capitalization of $19.93 billion, a PE ratio of 82.90, a PEG ratio of 1.45 and a beta of 1.21. International Flavors & Fragrances Inc. has a 52 week low of $75.46 and a 52 week high of $106.77.

International Flavors & Fragrances (NYSE:IFF) last issued 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 firm had revenue of $2.77 billion for the quarter, compared to analyst estimates of $2.67 billion. Equities research analysts forecast that International Flavors & Fragrances Inc. will post 4.32 earnings per share for the current year.

International Flavors & Fragrances Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, April 11th. Investors of record on Friday, March 21st will be paid a dividend of $0.40 per share. The ex-dividend date is Friday, March 21st. This represents a $1.60 annualized dividend and a yield of 2.05%. International Flavors & Fragrances’s dividend payout ratio is 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.