International Flavors & Fragrances Inc. (NYSE:IFF) Stock Position Lessened by Ilex Capital Partners UK LLP

Ilex Capital Partners UK LLP decreased its stake in shares of International Flavors & Fragrances Inc. (NYSE:IFF) by 20.5% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 543,192 shares of the specialty chemicals company’s stock after selling 139,824 shares during the period. International Flavors & Fragrances comprises 3.8% of Ilex Capital Partners UK LLP’s portfolio, making the stock its 10th largest holding. Ilex Capital Partners UK LLP owned about 0.21% of International Flavors & Fragrances worth $56,997,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Albar Capital Ltd grew its stake in shares of International Flavors & Fragrances by 73.5% during the 2nd quarter. Albar Capital Ltd now owns 1,146,234 shares of the specialty chemicals company’s stock valued at $109,133,000 after purchasing an additional 485,433 shares during the period. Robeco Institutional Asset Management B.V. increased its holdings in International Flavors & Fragrances by 70.9% during the third quarter. Robeco Institutional Asset Management B.V. now owns 708,081 shares of the specialty chemicals company’s stock valued at $74,299,000 after buying an additional 293,760 shares during the last quarter. Smith Group Asset Management LLC bought a new position in International Flavors & Fragrances in the third quarter worth approximately $22,399,000. Point72 Europe London LLP boosted its stake in shares of International Flavors & Fragrances by 50.0% during the 2nd quarter. Point72 Europe London LLP now owns 627,412 shares of the specialty chemicals company’s stock worth $59,736,000 after acquiring an additional 209,098 shares during the last quarter. Finally, BNP Paribas Financial Markets grew its position in shares of International Flavors & Fragrances by 85.2% during the 3rd quarter. BNP Paribas Financial Markets now owns 364,577 shares of the specialty chemicals company’s stock valued at $38,255,000 after acquiring an additional 167,698 shares during the period. Hedge funds and other institutional investors own 96.02% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on IFF shares. 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 research report on Thursday, November 7th. Morgan Stanley raised shares of International Flavors & Fragrances from an “equal weight” rating to an “overweight” rating and reduced their target price for the stock from $111.00 to $110.00 in a report on Tuesday, November 12th. Wells Fargo & Company lifted their price target on shares of International Flavors & Fragrances from $110.00 to $115.00 and gave the company an “overweight” rating in a report on Thursday, August 8th. Barclays raised their price objective on shares of 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. Finally, Mizuho raised shares of International Flavors & Fragrances from a “neutral” rating to an “outperform” rating and upped their target price for the stock from $109.00 to $120.00 in a report on Tuesday, September 3rd. One research analyst has rated the stock with a sell rating, four have given a hold rating and twelve have given a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $111.00.

Insider Activity at International Flavors & Fragrances

In other International Flavors & Fragrances 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 value of $458,750.00. Following the transaction, the insider now owns 3,238 shares of the company’s stock, valued at $297,086.50. This represents a 60.69 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. 0.09% of the stock is currently owned by insiders.

International Flavors & Fragrances Trading Down 1.4 %

NYSE:IFF traded down $1.25 during trading hours on Tuesday, reaching $90.02. The stock had a trading volume of 63,746 shares, compared to its average volume of 1,665,505. 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 52 week low of $72.94 and a 52 week high of $106.77. The company has a 50 day moving average price of $98.08 and a two-hundred day moving average price of $98.17.

International Flavors & Fragrances (NYSE:IFF) last released its quarterly earnings results on Tuesday, November 5th. The specialty chemicals company reported $0.62 EPS for the quarter, missing the consensus estimate of $1.08 by ($0.46). The company had revenue of $2.93 billion during the quarter, compared to analysts’ expectations of $2.83 billion. International Flavors & Fragrances had a positive return on equity of 7.16% and a negative net margin of 20.33%. The company’s revenue was up 3.7% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.89 EPS. As a group, equities analysts forecast that International Flavors & Fragrances Inc. will post 4.16 EPS for the current fiscal year.

International Flavors & Fragrances Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, January 8th. Stockholders of record on Friday, December 20th will be issued a $0.40 dividend. The ex-dividend date of this dividend is Friday, December 20th. This represents a $1.60 annualized dividend and a dividend yield of 1.78%. International Flavors & Fragrances’s dividend payout ratio (DPR) is presently -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.