International Flavors & Fragrances Inc. (NYSE:IFF) Shares Sold by Atria Investments Inc

Atria Investments Inc lowered its holdings in International Flavors & Fragrances Inc. (NYSE:IFF) by 10.5% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 3,934 shares of the specialty chemicals company’s stock after selling 461 shares during the period. Atria Investments Inc’s holdings in International Flavors & Fragrances were worth $413,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in IFF. Assetmark Inc. raised its holdings in International Flavors & Fragrances by 6.4% in the third quarter. Assetmark Inc. now owns 11,839 shares of the specialty chemicals company’s stock valued at $1,242,000 after buying an additional 710 shares during the period. Principal Financial Group Inc. lifted its position in International Flavors & Fragrances by 2.1% during the 3rd quarter. Principal Financial Group Inc. now owns 470,676 shares of the specialty chemicals company’s stock worth $49,388,000 after acquiring an additional 9,555 shares in the last quarter. Radnor Capital Management LLC purchased a new position in International Flavors & Fragrances in the 3rd quarter worth approximately $456,000. HF Advisory Group LLC raised its stake in shares of International Flavors & Fragrances by 4.9% during the third quarter. HF Advisory Group LLC now owns 6,721 shares of the specialty chemicals company’s stock valued at $705,000 after purchasing an additional 314 shares during the period. Finally, Catalyst Capital Advisors LLC acquired a new position in shares of International Flavors & Fragrances during the third quarter worth $67,000. 96.02% of the stock is currently owned by institutional investors and hedge funds.

International Flavors & Fragrances Price Performance

Shares of International Flavors & Fragrances stock opened at $89.92 on Friday. International Flavors & Fragrances Inc. has a 52 week low of $72.94 and a 52 week high of $106.77. 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 cap of $22.99 billion, a PE ratio of -9.89, a price-to-earnings-growth ratio of 1.57 and a beta of 1.22. The company’s 50-day moving average price is $99.58 and its two-hundred day moving average price is $98.32.

International Flavors & Fragrances (NYSE:IFF) last issued its quarterly 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). International Flavors & Fragrances had a positive return on equity of 7.16% and a negative net margin of 20.33%. The company had revenue of $2.93 billion during the quarter, compared to analysts’ expectations of $2.83 billion. During the same period in the prior year, the business posted $0.89 EPS. The company’s revenue for the quarter was up 3.7% compared to the same quarter last year. As a group, sell-side analysts anticipate that International Flavors & Fragrances Inc. will post 4.17 EPS for the current fiscal year.

International Flavors & Fragrances Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, January 8th. Stockholders of record on Friday, December 20th will be given a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.78%. The ex-dividend date of this dividend is Friday, December 20th. International Flavors & Fragrances’s dividend payout ratio (DPR) is -17.60%.

Insider Buying and Selling

In other news, insider Yuvraj Arora sold 5,000 shares of International Flavors & Fragrances 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 completion of the sale, the insider now directly owns 3,238 shares in the company, valued at $297,086.50. The trade was a 60.69 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 0.20% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

A number of research analysts recently commented on IFF shares. UBS Group increased their price target on International Flavors & Fragrances from $108.00 to $111.00 and gave the company a “neutral” rating in a report on Wednesday, November 6th. Barclays lifted their price target on shares of International Flavors & Fragrances from $93.00 to $99.00 and gave the stock an “equal weight” rating in a research note on Friday, October 11th. Stifel Nicolaus increased their price objective on shares of International Flavors & Fragrances from $115.00 to $121.00 and gave the company a “buy” rating in a research note on Thursday, October 24th. JPMorgan Chase & Co. dropped their target price on shares of 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. Finally, Oppenheimer increased their target price on International Flavors & Fragrances from $116.00 to $117.00 and gave the stock an “outperform” rating in a report on Wednesday, September 11th. One equities research 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, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $109.27.

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.