Thrivent Financial for Lutherans Has $1.27 Million Stake in International Flavors & Fragrances Inc. (NYSE:IFF)

Thrivent Financial for Lutherans increased its position in shares of International Flavors & Fragrances Inc. (NYSE:IFF) by 12.3% in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 12,102 shares of the specialty chemicals company’s stock after buying an additional 1,329 shares during the period. Thrivent Financial for Lutherans’ holdings in International Flavors & Fragrances were worth $1,270,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also bought and sold shares of IFF. Northwest Investment Counselors LLC bought a new position in shares of International Flavors & Fragrances in the 3rd quarter worth about $27,000. Family Firm Inc. bought a new position in shares of International Flavors & Fragrances during the 2nd quarter worth approximately $38,000. Oakworth Capital Inc. acquired a new stake in shares of International Flavors & Fragrances during the 3rd quarter worth approximately $44,000. Eastern Bank acquired a new position in shares of International Flavors & Fragrances during the 3rd quarter valued at $46,000. Finally, MCF Advisors LLC boosted its stake 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 acquiring an additional 464 shares in the last quarter. Institutional investors and hedge funds own 96.02% of the company’s stock.

Insider Activity

In other news, insider Yuvraj Arora sold 5,000 shares of the business’s stock in a transaction that occurred on Monday, November 11th. The shares were sold at an average price of $91.75, for a total value of $458,750.00. Following the sale, the insider now owns 3,238 shares of the company’s stock, valued at $297,086.50. The trade was 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 the SEC website. Insiders own 0.20% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on the stock. Bank of America raised shares of International Flavors & Fragrances from a “neutral” rating to a “buy” rating and set a $107.00 price objective on the stock in a research report on Friday, November 8th. Vertical Research raised International Flavors & Fragrances from a “hold” rating to a “buy” rating and set a $109.00 price objective for the company in a research note on Thursday, November 7th. Wells Fargo & Company upped their target price on International Flavors & Fragrances from $110.00 to $115.00 and gave the stock an “overweight” rating in a research report on Thursday, August 8th. Stifel Nicolaus boosted their price target 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. Finally, Morgan Stanley raised shares of 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 research note on Tuesday, November 12th. One research analyst has rated the stock with a sell rating, four have given a hold rating and twelve have given a buy rating to the company’s stock. Based on data from MarketBeat, International Flavors & Fragrances currently has an average rating of “Moderate Buy” and a consensus target price of $111.00.

International Flavors & Fragrances Trading Up 0.6 %

NYSE IFF opened at $91.36 on Monday. The business’s fifty day moving average is $98.08 and its 200-day moving average is $98.16. The company has a debt-to-equity ratio of 0.58, a current ratio of 2.62 and a quick ratio of 1.93. The stock has a market capitalization of $23.36 billion, a price-to-earnings ratio of -10.05, a PEG ratio of 1.61 and a beta of 1.22. International Flavors & Fragrances Inc. has a one year low of $72.94 and a one year high of $106.77.

International Flavors & Fragrances (NYSE:IFF) last announced its quarterly earnings data 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). 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 the consensus estimate of $2.83 billion. During the same period in the prior year, the firm posted $0.89 EPS. The business’s revenue was up 3.7% on a year-over-year basis. Equities research analysts predict that International Flavors & Fragrances Inc. will post 4.16 EPS for the current year.

International Flavors & Fragrances Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, January 8th. Shareholders of record on Friday, December 20th will be paid a $0.40 dividend. The ex-dividend date of this dividend is Friday, December 20th. This represents a $1.60 annualized dividend and a dividend yield of 1.75%. International Flavors & Fragrances’s payout ratio is presently -17.60%.

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.