Polar Asset Management Partners Inc. Purchases 3,900 Shares of International Flavors & Fragrances Inc. (NYSE:IFF)

Polar Asset Management Partners Inc. grew its position in International Flavors & Fragrances Inc. (NYSE:IFF) by 8.8% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 48,400 shares of the specialty chemicals company’s stock after acquiring an additional 3,900 shares during the period. Polar Asset Management Partners Inc.’s holdings in International Flavors & Fragrances were worth $5,079,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Sumitomo Mitsui Trust Group Inc. lifted its stake in shares of International Flavors & Fragrances by 1.2% during the 3rd quarter. Sumitomo Mitsui Trust Group Inc. now owns 615,006 shares of the specialty chemicals company’s stock worth $64,533,000 after buying an additional 7,553 shares during the last quarter. Kimelman & Baird LLC acquired a new stake in shares of International Flavors & Fragrances during the 2nd quarter worth about $868,000. GM Advisory Group LLC acquired a new stake in shares of International Flavors & Fragrances during the 2nd quarter worth about $686,000. Cetera Investment Advisers lifted its stake in shares of International Flavors & Fragrances by 69.5% during 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. Finally, Cetera Advisors LLC acquired a new stake in shares of International Flavors & Fragrances during the 1st quarter worth about $693,000. Institutional investors own 96.02% of the company’s stock.

Insider Activity at International Flavors & Fragrances

In other International Flavors & Fragrances news, insider Yuvraj Arora sold 5,000 shares of the business’s stock in a transaction that occurred on Monday, November 11th. The shares were sold at an average price of $91.75, for a total transaction of $458,750.00. Following the sale, the insider now directly owns 3,238 shares of the company’s stock, valued at $297,086.50. The trade was a 60.69 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 0.09% of the stock is currently owned by insiders.

International Flavors & Fragrances Price Performance

Shares of NYSE:IFF opened at $89.30 on Thursday. The stock has a market capitalization of $22.83 billion, a PE ratio of -9.82, a PEG ratio of 1.61 and a beta of 1.17. The company has a current ratio of 2.62, a quick ratio of 1.93 and a debt-to-equity ratio of 0.58. The firm has a 50 day moving average of $97.55 and a 200-day moving average of $98.05. International Flavors & Fragrances Inc. has a 12 month low of $72.94 and a 12 month high of $106.77.

International Flavors & Fragrances (NYSE:IFF) last announced its quarterly earnings results on Tuesday, November 5th. The specialty chemicals company reported $0.62 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.08 by ($0.46). The company had revenue of $2.93 billion for the quarter, compared to the consensus estimate 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 company’s revenue for the quarter was up 3.7% compared to the same quarter last year. During the same period last year, the firm posted $0.89 earnings per share. On average, equities research analysts predict that International Flavors & Fragrances Inc. will post 4.16 EPS for the current fiscal year.

International Flavors & Fragrances Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, January 8th. Investors of record on Friday, December 20th will be issued a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a dividend yield of 1.79%. The ex-dividend date is Friday, December 20th. International Flavors & Fragrances’s dividend payout ratio (DPR) is presently -17.60%.

Wall Street Analysts Forecast Growth

IFF has been the subject of a number of research reports. Barclays raised their target price on shares of International Flavors & Fragrances from $93.00 to $99.00 and gave the stock an “equal weight” rating in a research note on Friday, October 11th. JPMorgan Chase & Co. cut their target price on shares of International Flavors & Fragrances from $110.00 to $107.00 and set an “overweight” rating for the company in a research note on Thursday, November 7th. Oppenheimer lifted their price objective on shares of International Flavors & Fragrances from $116.00 to $117.00 and gave the stock an “outperform” rating in a research note on Wednesday, September 11th. Vertical Research upgraded shares of International Flavors & Fragrances from a “hold” rating to a “buy” rating and set a $109.00 price objective for the company in a research note on Thursday, November 7th. Finally, Bank of America upgraded shares of International Flavors & Fragrances from a “neutral” rating to a “buy” rating and set a $107.00 price objective for the company in a research note on Friday, November 8th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and twelve have assigned a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $111.00.

International Flavors & Fragrances Company 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.