Headinvest LLC Sells 200 Shares of International Flavors & Fragrances Inc. (NYSE:IFF)

Headinvest LLC trimmed its stake in shares of International Flavors & Fragrances Inc. (NYSE:IFF) by 6.6% in the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 2,830 shares of the specialty chemicals company’s stock after selling 200 shares during the period. Headinvest LLC’s holdings in International Flavors & Fragrances were worth $297,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Cetera Advisors LLC bought a new stake in International Flavors & Fragrances during the first quarter worth approximately $693,000. CWM LLC raised its holdings in shares of International Flavors & Fragrances by 9.1% in the second quarter. CWM LLC now owns 6,431 shares of the specialty chemicals company’s stock worth $612,000 after buying an additional 535 shares during the period. QRG Capital Management Inc. lifted its stake in shares of International Flavors & Fragrances by 10.6% during the 2nd quarter. QRG Capital Management Inc. now owns 3,206 shares of the specialty chemicals company’s stock worth $305,000 after acquiring an additional 306 shares during the last quarter. SG Americas Securities LLC boosted its holdings in International Flavors & Fragrances by 54.5% during the 2nd quarter. SG Americas Securities LLC now owns 52,568 shares of the specialty chemicals company’s stock valued at $5,005,000 after acquiring an additional 18,552 shares during the period. Finally, Czech National Bank grew its position in International Flavors & Fragrances by 8.3% in the 2nd quarter. Czech National Bank now owns 48,659 shares of the specialty chemicals company’s stock valued at $4,633,000 after acquiring an additional 3,743 shares during the last quarter. Hedge funds and other institutional investors own 96.02% of the company’s stock.

Insider Buying and Selling

In related news, insider Yuvraj Arora sold 5,000 shares of the firm’s stock in a transaction on Monday, November 11th. The stock was sold at an average price of $91.75, for a total value of $458,750.00. Following the completion of the transaction, the insider now owns 3,238 shares in the company, valued at $297,086.50. This trade represents a 60.69 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. 0.20% of the stock is owned by company insiders.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on IFF. UBS Group boosted their target price on shares of International Flavors & Fragrances from $108.00 to $111.00 and gave the company a “neutral” rating in a research note on Wednesday, November 6th. Vertical Research upgraded shares of International Flavors & Fragrances from a “hold” rating to a “buy” rating and set a $109.00 target price on the stock in a research note on Thursday, November 7th. Morgan Stanley raised shares of International Flavors & Fragrances from an “equal weight” rating to an “overweight” rating and decreased their price target for the company from $111.00 to $110.00 in a research note on Tuesday, November 12th. Bank of America raised International Flavors & Fragrances from a “neutral” rating to a “buy” rating and set a $107.00 price objective on the stock in a research note on Friday, November 8th. Finally, Barclays lifted their target price on International Flavors & Fragrances from $93.00 to $99.00 and gave the company an “equal weight” rating in a research report on Friday, October 11th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and twelve have issued a buy rating to the company. Based on data from MarketBeat, International Flavors & Fragrances has a consensus rating of “Moderate Buy” and a consensus target price of $111.00.

International Flavors & Fragrances Stock Down 0.1 %

Shares of International Flavors & Fragrances stock opened at $88.92 on Monday. International Flavors & Fragrances Inc. has a 52-week low of $72.94 and a 52-week high of $106.77. The firm’s 50 day moving average price is $96.62 and its 200-day moving average price is $97.87. The company has a quick ratio of 1.93, a current ratio of 2.62 and a debt-to-equity ratio of 0.58. The company has a market cap of $22.74 billion, a P/E ratio of -9.78, a PEG ratio of 1.58 and a beta of 1.17.

International Flavors & Fragrances (NYSE:IFF) last issued its quarterly 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). International Flavors & Fragrances had a positive return on equity of 7.16% and a negative net margin of 20.33%. The business had revenue of $2.93 billion for the quarter, compared to analyst estimates of $2.83 billion. During the same period in the previous year, the company posted $0.89 earnings per share. The business’s revenue for the quarter was up 3.7% on a year-over-year basis. On average, sell-side 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 disclosed a quarterly dividend, which will be paid on Wednesday, January 8th. Investors of record on Friday, December 20th will be given a $0.40 dividend. This represents a $1.60 annualized dividend and a dividend yield of 1.80%. The ex-dividend date of this dividend is Friday, December 20th. International Flavors & Fragrances’s payout ratio is currently -17.60%.

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.