International Flavors & Fragrances Inc. (NYSE:IFF) Shares Purchased by Vinva Investment Management Ltd

Vinva Investment Management Ltd raised its position in International Flavors & Fragrances Inc. (NYSE:IFF) by 45.4% during the 3rd quarter, HoldingsChannel reports. The institutional investor owned 17,023 shares of the specialty chemicals company’s stock after acquiring an additional 5,317 shares during the quarter. Vinva Investment Management Ltd’s holdings in International Flavors & Fragrances were worth $1,789,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of IFF. Virtu Financial LLC acquired a new stake in International Flavors & Fragrances in the 1st quarter worth about $531,000. Burney Co. acquired a new stake in International Flavors & Fragrances in the 1st quarter worth about $202,000. Cetera Investment Advisers boosted its holdings in International Flavors & Fragrances by 69.5% in the 1st quarter. Cetera Investment Advisers now owns 56,751 shares of the specialty chemicals company’s stock worth $4,880,000 after buying an additional 23,278 shares during the last quarter. Cetera Advisors LLC acquired a new stake in International Flavors & Fragrances in the 1st quarter worth about $693,000. Finally, DekaBank Deutsche Girozentrale boosted its holdings in International Flavors & Fragrances by 7.1% in the 1st quarter. DekaBank Deutsche Girozentrale now owns 63,004 shares of the specialty chemicals company’s stock worth $5,370,000 after buying an additional 4,189 shares during the last quarter. 96.02% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at International Flavors & Fragrances

In other news, insider Yuvraj Arora sold 5,000 shares of the company’s stock in a transaction on Monday, November 11th. The stock was sold at an average price of $91.75, for a total transaction of $458,750.00. Following the sale, the insider now owns 3,238 shares of the company’s stock, valued at approximately $297,086.50. This represents a 60.69 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.20% of the stock is owned by corporate insiders.

International Flavors & Fragrances Stock Up 0.6 %

IFF stock opened at $91.35 on Friday. The firm has a market cap of $23.36 billion, a PE ratio of -10.05, a PEG ratio of 1.60 and a beta of 1.22. The company has a debt-to-equity ratio of 0.58, a quick ratio of 1.93 and a current ratio of 2.62. International Flavors & Fragrances Inc. has a one year low of $72.94 and a one year high of $106.77. The firm’s 50 day moving average price is $98.30 and its 200-day moving average price is $98.18.

International Flavors & Fragrances (NYSE:IFF) last announced its earnings results on Tuesday, November 5th. The specialty chemicals company reported $0.62 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.08 by ($0.46). The firm had revenue of $2.93 billion during the quarter, compared to analysts’ expectations of $2.83 billion. International Flavors & Fragrances had a negative net margin of 20.33% and a positive return on equity of 7.16%. The firm’s revenue for the quarter was up 3.7% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.89 EPS. On average, equities research analysts anticipate that International Flavors & Fragrances Inc. will post 4.16 EPS for the current year.

International Flavors & Fragrances Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, January 8th. Shareholders of record on Friday, December 20th will be given a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a yield of 1.75%. The ex-dividend date of this dividend is Friday, December 20th. International Flavors & Fragrances’s payout ratio is -17.60%.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on IFF shares. Morgan Stanley upgraded International Flavors & Fragrances from an “equal weight” rating to an “overweight” rating and lowered their price objective for the stock from $111.00 to $110.00 in a report on Tuesday, November 12th. Bank of America upgraded International Flavors & Fragrances from a “neutral” rating to a “buy” rating and set a $107.00 target price on the stock in a report on Friday, November 8th. Oppenheimer boosted their target price on International Flavors & Fragrances from $116.00 to $117.00 and gave the stock an “outperform” rating in a report on Wednesday, September 11th. Barclays boosted their target price 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. Finally, JPMorgan Chase & Co. lowered their target price on International Flavors & Fragrances from $110.00 to $107.00 and set an “overweight” rating on the stock in a report on Thursday, November 7th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and twelve have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $111.00.

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.