International Flavors & Fragrances Inc. (NYSE:IFF) Stake Reduced by Concentric Capital Strategies LP

Concentric Capital Strategies LP decreased its holdings in shares of International Flavors & Fragrances Inc. (NYSE:IFF) by 75.7% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 15,885 shares of the specialty chemicals company’s stock after selling 49,489 shares during the period. Concentric Capital Strategies LP’s holdings in International Flavors & Fragrances were worth $1,667,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Cetera Investment Advisers increased its holdings in shares of International Flavors & Fragrances by 69.5% in the first quarter. Cetera Investment Advisers now owns 56,751 shares of the specialty chemicals company’s stock valued at $4,880,000 after buying an additional 23,278 shares in the last quarter. Cetera Advisors LLC purchased a new stake in shares of International Flavors & Fragrances during the first quarter valued at $693,000. DekaBank Deutsche Girozentrale boosted its position in shares of 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 valued at $5,370,000 after purchasing an additional 4,189 shares during the period. Massmutual Trust Co. FSB ADV increased its stake in International Flavors & Fragrances by 18.1% in the 2nd quarter. Massmutual Trust Co. FSB ADV now owns 863 shares of the specialty chemicals company’s stock worth $82,000 after purchasing an additional 132 shares in the last quarter. Finally, CWM LLC raised its holdings in International Flavors & Fragrances by 9.1% during the 2nd 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. 96.02% of the stock is currently owned by institutional investors.

Insider Buying and Selling at International Flavors & Fragrances

In other news, insider Yuvraj Arora sold 5,000 shares of the business’s stock in a transaction dated Monday, November 11th. The shares were sold at an average price of $91.75, for a total transaction of $458,750.00. Following the transaction, the insider now owns 3,238 shares in the company, valued at approximately $297,086.50. The trade was a 60.69 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Insiders own 0.09% of the company’s stock.

Analyst Ratings Changes

Several research firms have recently weighed in on IFF. Bank of America raised shares of International Flavors & Fragrances from a “neutral” rating to a “buy” rating and set a $107.00 target price on the stock in a research report on Friday, November 8th. Wells Fargo & Company increased their target price on International Flavors & Fragrances from $110.00 to $115.00 and gave the company an “overweight” rating in a report on Thursday, August 8th. JPMorgan Chase & Co. decreased their target price on International Flavors & Fragrances from $110.00 to $107.00 and set an “overweight” rating for the company in a research report on Thursday, November 7th. Vertical Research raised 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, Barclays upped their target price on International Flavors & Fragrances from $93.00 to $99.00 and gave the company an “equal weight” rating in a report on Friday, October 11th. One equities 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 stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $111.00.

International Flavors & Fragrances Trading Down 0.1 %

Shares of NYSE IFF opened at $91.27 on Tuesday. The business’s 50-day simple moving average is $98.08 and its 200-day simple moving average is $98.17. International Flavors & Fragrances Inc. has a 52 week low of $72.94 and a 52 week high of $106.77. The company has a debt-to-equity ratio of 0.58, a current ratio of 2.62 and a quick ratio of 1.93.

International Flavors & Fragrances (NYSE:IFF) last issued its quarterly earnings data on Tuesday, November 5th. The specialty chemicals company reported $0.62 earnings per share 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 analyst estimates of $2.83 billion. International Flavors & Fragrances had a positive return on equity of 7.16% and a negative net margin of 20.33%. International Flavors & Fragrances’s quarterly revenue was up 3.7% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.89 earnings per share. On average, analysts forecast that International Flavors & Fragrances Inc. will post 4.16 earnings per share for the current fiscal year.

International Flavors & Fragrances Dividend Announcement

The firm 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 dividend of $0.40 per share. The ex-dividend date is Friday, December 20th. This represents a $1.60 annualized dividend and a dividend yield of 1.75%. International Flavors & Fragrances’s dividend payout ratio is presently -17.60%.

About International Flavors & Fragrances

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.