Pathstone Holdings LLC Has $2.83 Million Holdings in International Flavors & Fragrances Inc. (NYSE:IFF)

Pathstone Holdings LLC trimmed its position in shares of International Flavors & Fragrances Inc. (NYSE:IFF) by 3.0% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 26,924 shares of the specialty chemicals company’s stock after selling 846 shares during the quarter. Pathstone Holdings LLC’s holdings in International Flavors & Fragrances were worth $2,829,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of IFF. Northwest Investment Counselors LLC acquired a new position in International Flavors & Fragrances during the third quarter worth $27,000. Family Firm Inc. bought a new stake in International Flavors & Fragrances during the 2nd quarter worth approximately $38,000. Oakworth Capital Inc. purchased a new stake in shares of International Flavors & Fragrances in the third quarter worth approximately $44,000. Eastern Bank purchased a new position in shares of International Flavors & Fragrances during the third quarter valued at approximately $46,000. Finally, MCF Advisors LLC grew its holdings in International Flavors & Fragrances by 1,856.0% during the second quarter. MCF Advisors LLC now owns 489 shares of the specialty chemicals company’s stock worth $47,000 after buying an additional 464 shares in the last quarter. 96.02% of the stock is currently owned by institutional investors.

International Flavors & Fragrances Stock Performance

NYSE IFF opened at $90.87 on Tuesday. The company’s 50 day simple moving average is $99.07 and its two-hundred day simple moving average is $98.33. The stock has a market capitalization of $23.23 billion, a PE ratio of -10.00, a P/E/G ratio of 1.60 and a beta of 1.22. 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 Inc. has a 1 year low of $72.94 and a 1 year high of $106.77.

International Flavors & Fragrances (NYSE:IFF) last posted its 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 business had revenue of $2.93 billion for 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%. 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 earned $0.89 earnings per share. Analysts predict that International Flavors & Fragrances Inc. will post 4.16 earnings per share for the current fiscal year.

International Flavors & Fragrances Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, January 8th. Investors of record on Friday, December 20th will be paid a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a yield of 1.76%. The ex-dividend date is Friday, December 20th. International Flavors & Fragrances’s dividend payout ratio is currently -17.60%.

Analyst Ratings Changes

Several equities analysts have weighed in on the company. JPMorgan Chase & Co. dropped their price objective on International Flavors & Fragrances from $110.00 to $107.00 and set an “overweight” rating on the stock in a research note on Thursday, November 7th. Vertical Research raised shares of International Flavors & Fragrances from a “hold” rating to a “buy” rating and set a $109.00 price objective for the company in a research report on Thursday, November 7th. Morgan Stanley raised International Flavors & Fragrances from an “equal weight” rating to an “overweight” rating and decreased their target price for the company from $111.00 to $110.00 in a research report on Tuesday, November 12th. Bank of America upgraded shares of International Flavors & Fragrances from a “neutral” rating to a “buy” rating and set a $107.00 price target for the company in a research report on Friday, November 8th. Finally, Mizuho upgraded shares of International Flavors & Fragrances from a “neutral” rating to an “outperform” rating and boosted their target price for the company from $109.00 to $120.00 in a research note on Tuesday, September 3rd. One investment analyst has rated the stock with a sell rating, four have given a hold rating and twelve have issued a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $109.27.

Insider Buying and Selling 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 dated Monday, November 11th. The stock was sold at an average price of $91.75, for a total transaction of $458,750.00. Following the sale, the insider now owns 3,238 shares in the company, valued at $297,086.50. This trade represents a 60.69 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.09% of the stock is currently owned by company insiders.

International Flavors & Fragrances Company 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.