IQ EQ FUND MANAGEMENT IRELAND Ltd Sells 9,916 Shares of International Flavors & Fragrances Inc. (NYSE:IFF)

IQ EQ FUND MANAGEMENT IRELAND Ltd lowered its stake in shares of International Flavors & Fragrances Inc. (NYSE:IFF) by 15.7% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 53,182 shares of the specialty chemicals company’s stock after selling 9,916 shares during the quarter. IQ EQ FUND MANAGEMENT IRELAND Ltd’s holdings in International Flavors & Fragrances were worth $5,580,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors also recently added to or reduced their stakes in the company. Riverview Trust Co bought a new stake in International Flavors & Fragrances during the first quarter valued at about $27,000. Quent Capital LLC boosted its holdings in International Flavors & Fragrances by 183.2% in the first quarter. Quent Capital LLC now owns 371 shares of the specialty chemicals company’s stock worth $32,000 after acquiring an additional 240 shares in the last quarter. Family Firm Inc. acquired a new stake in International Flavors & Fragrances in the second quarter worth about $38,000. MCF Advisors LLC boosted its holdings in International Flavors & Fragrances by 1,856.0% in the second quarter. MCF Advisors LLC now owns 489 shares of the specialty chemicals company’s stock worth $47,000 after acquiring an additional 464 shares in the last quarter. Finally, Future Financial Wealth Managment LLC acquired a new stake in International Flavors & Fragrances in the third quarter worth about $52,000. Institutional investors own 96.02% of the company’s stock.

International Flavors & Fragrances Trading Down 0.3 %

Shares of NYSE:IFF opened at $105.71 on Thursday. International Flavors & Fragrances Inc. has a 12-month low of $63.21 and a 12-month high of $106.77. The company has a market capitalization of $26.99 billion, a PE ratio of -10.82, a PEG ratio of 1.82 and a beta of 1.22. The business has a 50 day moving average of $101.97 and a two-hundred day moving average of $96.37. The company has a current ratio of 2.38, a quick ratio of 1.75 and a debt-to-equity ratio of 0.60.

International Flavors & Fragrances (NYSE:IFF) last announced its quarterly earnings results on Tuesday, August 6th. The specialty chemicals company reported $1.16 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.01 by $0.15. International Flavors & Fragrances had a positive return on equity of 6.63% and a negative net margin of 20.82%. The company had revenue of $2.89 billion during the quarter, compared to the consensus estimate of $2.83 billion. During the same period in the previous year, the company posted $0.86 earnings per share. International Flavors & Fragrances’s revenue for the quarter was down 1.4% on a year-over-year basis. As a group, analysts forecast that International Flavors & Fragrances Inc. will post 4.23 EPS for the current year.

International Flavors & Fragrances Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, October 9th. Stockholders of record on Friday, September 20th were paid a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a dividend yield of 1.51%. The ex-dividend date of this dividend was Friday, September 20th. International Flavors & Fragrances’s payout ratio is -16.38%.

Analyst Ratings Changes

IFF has been the subject of several recent analyst reports. Barclays raised their price target on International Flavors & Fragrances from $93.00 to $99.00 and gave the stock an “equal weight” rating in a report on Friday, October 11th. UBS Group lowered their price target on International Flavors & Fragrances from $107.00 to $103.00 and set a “neutral” rating for the company in a report on Thursday, August 15th. JPMorgan Chase & Co. raised their price objective on International Flavors & Fragrances from $102.00 to $110.00 and gave the stock an “overweight” rating in a research note on Friday, September 6th. Morgan Stanley raised their price objective on International Flavors & Fragrances from $100.00 to $103.00 and gave the stock an “equal weight” rating in a research note on Wednesday, July 3rd. Finally, Citigroup raised their price objective on International Flavors & Fragrances from $108.00 to $116.00 and gave the stock a “buy” rating in a research note on Friday, July 12th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and nine have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $107.43.

International Flavors & Fragrances Profile

International Flavors & Fragrances Inc, together with its subsidiaries, manufactures and sells cosmetic active and natural health ingredients for use in various consumer products in the United States, Europe, and internationally. It operates through four segments: Nourish, Health & Biosciences, Scent, and Pharma Solutions.