XTX Topco Ltd Boosts Stock Holdings in International Flavors & Fragrances Inc. (NYSE:IFF)

XTX Topco Ltd lifted its stake in International Flavors & Fragrances Inc. (NYSE:IFF) by 519.5% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 15,282 shares of the specialty chemicals company’s stock after purchasing an additional 12,815 shares during the period. XTX Topco Ltd’s holdings in International Flavors & Fragrances were worth $1,186,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of IFF. GSA Capital Partners LLP acquired a new position in International Flavors & Fragrances during the 1st quarter worth approximately $552,000. Marco Investment Management LLC lifted its position in shares of International Flavors & Fragrances by 1.5% during the 1st quarter. Marco Investment Management LLC now owns 19,155 shares of the specialty chemicals company’s stock worth $1,487,000 after purchasing an additional 275 shares during the last quarter. Mackenzie Financial Corp grew its stake in shares of International Flavors & Fragrances by 11.8% during the first quarter. Mackenzie Financial Corp now owns 25,529 shares of the specialty chemicals company’s stock worth $1,981,000 after purchasing an additional 2,689 shares in the last quarter. Bryce Point Capital LLC purchased a new position in International Flavors & Fragrances in the first quarter valued at $962,000. Finally, LPL Financial LLC increased its holdings in International Flavors & Fragrances by 30.4% in the first quarter. LPL Financial LLC now owns 47,711 shares of the specialty chemicals company’s stock valued at $3,703,000 after buying an additional 11,129 shares during the last quarter. 96.02% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other International Flavors & Fragrances news, CAO Beril Yildiz sold 2,400 shares of the business’s stock in a transaction on Monday, May 19th. The shares were sold at an average price of $77.33, for a total value of $185,592.00. Following the transaction, the chief accounting officer directly owned 3,321 shares of the company’s stock, valued at approximately $256,812.93. The trade was a 41.95% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Hernandez Margarita Palau bought 850 shares of International Flavors & Fragrances stock in a transaction dated Monday, May 19th. The stock was purchased at an average price of $77.42 per share, with a total value of $65,807.00. Following the purchase, the director directly owned 2,393 shares in the company, valued at approximately $185,266.06. This trade represents a 55.09% increase in their position. The disclosure for this purchase can be found here. In the last 90 days, insiders have acquired 22,050 shares of company stock valued at $1,688,512. 0.20% of the stock is owned by company insiders.

International Flavors & Fragrances Stock Down 2.2%

Shares of NYSE:IFF opened at $69.47 on Friday. International Flavors & Fragrances Inc. has a 1-year low of $65.85 and a 1-year high of $106.77. The company has a debt-to-equity ratio of 0.58, a current ratio of 1.87 and a quick ratio of 1.39. The stock has a market cap of $17.77 billion, a P/E ratio of -21.24, a P/E/G ratio of 3.14 and a beta of 1.04. The firm has a fifty day moving average price of $75.56 and a 200 day moving average price of $78.00.

International Flavors & Fragrances (NYSE:IFF) last announced its earnings results on Tuesday, May 6th. The specialty chemicals company reported $1.20 EPS for the quarter, beating analysts’ consensus estimates of $1.12 by $0.08. International Flavors & Fragrances had a negative net margin of 7.31% and a positive return on equity of 7.99%. The business had revenue of $2.84 billion during the quarter, compared to analysts’ expectations of $2.83 billion. During the same period in the prior year, the company earned $1.13 earnings per share. The business’s revenue was down 1.9% compared to the same quarter last year. Sell-side analysts predict that International Flavors & Fragrances Inc. will post 4.32 EPS for the current year.

International Flavors & Fragrances Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, October 10th. Stockholders of record on Monday, September 29th will be issued a $0.40 dividend. The ex-dividend date of this dividend is Monday, September 29th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 2.3%. International Flavors & Fragrances’s payout ratio is presently -48.93%.

Analyst Upgrades and Downgrades

IFF has been the subject of several analyst reports. Citigroup upped their price objective on International Flavors & Fragrances from $84.00 to $90.00 and gave the stock a “buy” rating in a research report on Thursday, May 8th. Tigress Financial started coverage on International Flavors & Fragrances in a report on Wednesday, June 4th. They issued a “buy” rating and a $105.00 price target for the company. UBS Group raised their price objective on shares of International Flavors & Fragrances from $82.00 to $83.00 and gave the stock a “neutral” rating in a report on Wednesday, May 7th. Robert W. Baird lowered their target price on shares of International Flavors & Fragrances from $110.00 to $100.00 and set an “outperform” rating for the company in a report on Thursday, May 8th. Finally, Oppenheimer cut their price target on shares of International Flavors & Fragrances from $104.00 to $89.00 and set an “outperform” rating on the stock in a research note on Tuesday, April 22nd. One research analyst has rated the stock with a sell rating, one has given a hold rating and thirteen have assigned a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $93.43.

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.