Mirabella Financial Services LLP Purchases 333 Shares of International Flavors & Fragrances Inc. (NYSE:IFF)

Mirabella Financial Services LLP lifted its holdings in shares of International Flavors & Fragrances Inc. (NYSE:IFF) by 1.0% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 33,540 shares of the specialty chemicals company’s stock after purchasing an additional 333 shares during the quarter. Mirabella Financial Services LLP’s holdings in International Flavors & Fragrances were worth $3,519,000 at the end of the most recent quarter.

Other large investors have also bought and sold shares of the company. Pictet North America Advisors SA lifted its stake in International Flavors & Fragrances by 3.1% in the 3rd quarter. Pictet North America Advisors SA now owns 3,275 shares of the specialty chemicals company’s stock valued at $344,000 after purchasing an additional 99 shares during the last quarter. Integrated Advisors Network LLC raised its stake in International Flavors & Fragrances by 1.9% in the 3rd quarter. Integrated Advisors Network LLC now owns 5,720 shares of the specialty chemicals company’s stock valued at $600,000 after acquiring an additional 107 shares during the period. CWM LLC lifted its holdings in International Flavors & Fragrances by 1.7% during the 3rd quarter. CWM LLC now owns 6,540 shares of the specialty chemicals company’s stock valued at $686,000 after purchasing an additional 109 shares during the last quarter. Summit Trail Advisors LLC boosted its position in International Flavors & Fragrances by 5.0% during the second quarter. Summit Trail Advisors LLC now owns 2,471 shares of the specialty chemicals company’s stock worth $236,000 after purchasing an additional 117 shares during the period. Finally, Orca Investment Management LLC increased its holdings in shares of International Flavors & Fragrances by 0.6% in the third quarter. Orca Investment Management LLC now owns 21,266 shares of the specialty chemicals company’s stock valued at $2,231,000 after purchasing an additional 122 shares during the last quarter. 96.02% of the stock is owned by institutional investors.

International Flavors & Fragrances Trading Up 1.1 %

IFF stock opened at $90.81 on Monday. The company has a debt-to-equity ratio of 0.58, a quick ratio of 1.93 and a current ratio of 2.62. The company’s fifty day simple moving average is $99.33 and its 200 day simple moving average is $98.37. 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 issued its earnings results 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 business had revenue of $2.93 billion during the quarter, compared to the consensus estimate 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 for the quarter 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. As a group, 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 disclosed a quarterly dividend, which will be paid on Wednesday, January 8th. Stockholders of record on Friday, December 20th will be issued a dividend of $0.40 per share. The ex-dividend date of this dividend is Friday, December 20th. This represents a $1.60 annualized dividend and a dividend yield of 1.76%. International Flavors & Fragrances’s dividend payout ratio is currently -17.60%.

Insider Transactions at International Flavors & Fragrances

In other International Flavors & Fragrances 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 owns 3,238 shares of the company’s stock, valued at approximately $297,086.50. This trade represents a 60.69 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders own 0.09% of the company’s stock.

Analyst Ratings Changes

IFF has been the subject of several research analyst reports. Barclays lifted 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 report on Friday, October 11th. Morgan Stanley upgraded 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. JPMorgan Chase & Co. decreased their target price on shares of 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. Mizuho upgraded shares of International Flavors & Fragrances from a “neutral” rating to an “outperform” rating and lifted their price target for the company from $109.00 to $120.00 in a research report on Tuesday, September 3rd. Finally, Oppenheimer boosted their price target on International Flavors & Fragrances from $116.00 to $117.00 and gave the company an “outperform” rating in a research note on Wednesday, September 11th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and twelve have assigned a buy rating to the stock. According to MarketBeat.com, International Flavors & Fragrances currently has an average rating of “Moderate Buy” and a consensus price target of $109.27.

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.