International Flavors & Fragrances Inc. (NYSE:IFF) Shares Sold by MML Investors Services LLC

MML Investors Services LLC decreased its position in shares of International Flavors & Fragrances Inc. (NYSE:IFF) by 8.2% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 30,087 shares of the specialty chemicals company’s stock after selling 2,687 shares during the period. MML Investors Services LLC’s holdings in International Flavors & Fragrances were worth $3,157,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of IFF. Zurich Insurance Group Ltd FI purchased a new stake in International Flavors & Fragrances during the 3rd quarter worth about $19,813,000. iSAM Funds UK Ltd increased its holdings in International Flavors & Fragrances by 172.3% during the 3rd quarter. iSAM Funds UK Ltd now owns 12,322 shares of the specialty chemicals company’s stock worth $1,293,000 after purchasing an additional 7,797 shares during the period. National Bank of Canada FI increased its holdings in International Flavors & Fragrances by 62.8% during the 3rd quarter. National Bank of Canada FI now owns 156,318 shares of the specialty chemicals company’s stock worth $16,402,000 after purchasing an additional 60,288 shares during the period. Kovitz Investment Group Partners LLC increased its holdings in International Flavors & Fragrances by 59.7% during the 3rd quarter. Kovitz Investment Group Partners LLC now owns 12,093 shares of the specialty chemicals company’s stock worth $1,269,000 after purchasing an additional 4,519 shares during the period. Finally, Worldquant Millennium Advisors LLC purchased a new stake in International Flavors & Fragrances during the 3rd quarter worth about $16,933,000. Institutional investors and hedge funds own 96.02% of the company’s stock.

International Flavors & Fragrances Stock Down 0.8 %

International Flavors & Fragrances stock opened at $87.40 on Friday. International Flavors & Fragrances Inc. has a twelve month low of $72.94 and a twelve month high of $106.77. The stock has a 50 day moving average of $95.20 and a two-hundred day moving average of $97.60. 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 stock has a market capitalization of $22.35 billion, a price-to-earnings ratio of -9.61, a PEG ratio of 1.55 and a beta of 1.17.

International Flavors & Fragrances (NYSE:IFF) last posted 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 company had revenue of $2.93 billion for 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%. The firm’s revenue was up 3.7% compared to the same quarter last year. During the same period in the previous year, the business posted $0.89 earnings per share. As a group, research analysts expect that International Flavors & Fragrances Inc. will post 4.16 earnings per share for the current year.

International Flavors & Fragrances Dividend Announcement

The firm also recently declared 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 is Friday, December 20th. This represents a $1.60 annualized dividend and a dividend yield of 1.83%. International Flavors & Fragrances’s dividend payout ratio is currently -17.60%.

Wall Street Analyst Weigh In

IFF has been the topic of a number of recent analyst reports. Oppenheimer increased their price objective on International Flavors & Fragrances from $116.00 to $117.00 and gave the company an “outperform” rating in a report on Wednesday, September 11th. Barclays increased their price objective 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. Stifel Nicolaus increased their price objective on International Flavors & Fragrances from $115.00 to $121.00 and gave the company a “buy” rating in a report on Thursday, October 24th. UBS Group increased their price objective on International Flavors & Fragrances from $108.00 to $111.00 and gave the company a “neutral” rating in a report on Wednesday, November 6th. Finally, Morgan Stanley upgraded International Flavors & Fragrances from an “equal weight” rating to an “overweight” rating and dropped their price objective for the company from $111.00 to $110.00 in a report on Tuesday, November 12th. 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 company’s stock. According to data from MarketBeat.com, International Flavors & Fragrances presently has an average rating of “Moderate Buy” and an average target price of $111.00.

Insider Activity

In other news, insider Yuvraj Arora sold 5,000 shares of the firm’s stock in a transaction that occurred 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 sale, the insider now directly owns 3,238 shares of the company’s stock, valued at $297,086.50. This trade represents a 60.69 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 0.20% of the company’s stock.

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.