International Flavors & Fragrances Inc. (NYSE:IFF) Shares Sold by Private Advisor Group LLC

Private Advisor Group LLC reduced its position in shares of International Flavors & Fragrances Inc. (NYSE:IFF) by 49.7% during the 3rd quarter, HoldingsChannel.com reports. The fund owned 10,520 shares of the specialty chemicals company’s stock after selling 10,382 shares during the quarter. Private Advisor Group LLC’s holdings in International Flavors & Fragrances were worth $1,104,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also made changes to their positions in the company. Pictet North America Advisors SA increased its position in International Flavors & Fragrances by 3.1% in the third quarter. Pictet North America Advisors SA now owns 3,275 shares of the specialty chemicals company’s stock worth $344,000 after buying an additional 99 shares during the period. Eastern Bank acquired a new position in International Flavors & Fragrances during the third quarter worth about $46,000. Signaturefd LLC grew its holdings in International Flavors & Fragrances by 3.7% during the third quarter. Signaturefd LLC now owns 4,608 shares of the specialty chemicals company’s stock worth $484,000 after acquiring an additional 165 shares during the period. Sequoia Financial Advisors LLC acquired a new position in International Flavors & Fragrances during the third quarter worth about $226,000. Finally, Oakworth Capital Inc. acquired a new position in shares of International Flavors & Fragrances in the 3rd quarter valued at $44,000. 96.02% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

IFF has been the subject of a number of recent analyst reports. Oppenheimer increased their price target on International Flavors & Fragrances from $116.00 to $117.00 and gave the company an “outperform” rating in a research report on Wednesday, September 11th. JPMorgan Chase & Co. lifted their price target on International Flavors & Fragrances from $102.00 to $110.00 and gave the company an “overweight” rating in a report on Friday, September 6th. UBS Group cut their price objective on International Flavors & Fragrances from $107.00 to $103.00 and set a “neutral” rating on the stock in a research note on Thursday, August 15th. Mizuho raised International Flavors & Fragrances from a “neutral” rating to an “outperform” rating and raised their price objective for the company from $109.00 to $120.00 in a research note on Tuesday, September 3rd. Finally, Barclays lifted their price target on International Flavors & Fragrances from $93.00 to $99.00 and gave the stock an “equal weight” rating in a research report on Friday, October 11th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and nine have given a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $107.86.

International Flavors & Fragrances Price Performance

Shares of IFF stock opened at $98.90 on Friday. The stock’s fifty day simple moving average is $103.00 and its 200 day simple moving average is $97.74. The company has a debt-to-equity ratio of 0.60, a current ratio of 2.38 and a quick ratio of 1.75. The firm has a market cap of $25.28 billion, a price-to-earnings ratio of -10.73, a P/E/G ratio of 1.80 and a beta of 1.22. International Flavors & Fragrances Inc. has a one year low of $68.45 and a one year high of $106.77.

International Flavors & Fragrances (NYSE:IFF) last posted its quarterly earnings data on Tuesday, August 6th. The specialty chemicals company reported $1.16 EPS for the quarter, topping analysts’ consensus estimates of $1.01 by $0.15. The company had revenue of $2.89 billion for the quarter, compared to analyst estimates of $2.83 billion. International Flavors & Fragrances had a positive return on equity of 6.63% and a negative net margin of 20.82%. The business’s revenue was down 1.4% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.86 earnings per share. On average, analysts expect that International Flavors & Fragrances Inc. will post 4.24 earnings per share for the current fiscal year.

International Flavors & Fragrances Dividend Announcement

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 given a dividend of $0.40 per share. The ex-dividend date is Friday, December 20th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.62%. International Flavors & Fragrances’s payout ratio is currently -17.35%.

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.