International Flavors & Fragrances Inc. (NYSE:IFF) Shares Sold by Park Avenue Securities LLC

Park Avenue Securities LLC trimmed its stake in shares of International Flavors & Fragrances Inc. (NYSE:IFF) by 27.1% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 5,118 shares of the specialty chemicals company’s stock after selling 1,902 shares during the quarter. Park Avenue Securities LLC’s holdings in International Flavors & Fragrances were worth $433,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently added to or reduced their stakes in the company. American Century Companies Inc. boosted its position in International Flavors & Fragrances by 14.1% during the 2nd quarter. American Century Companies Inc. now owns 40,507 shares of the specialty chemicals company’s stock worth $3,857,000 after acquiring an additional 5,008 shares during the period. Mercer Global Advisors Inc. ADV increased its position in shares of International Flavors & Fragrances by 33.3% in the second quarter. Mercer Global Advisors Inc. ADV now owns 5,425 shares of the specialty chemicals company’s stock worth $517,000 after acquiring an additional 1,356 shares in the last quarter. Sei Investments Co. lifted its holdings in shares of International Flavors & Fragrances by 60.4% in the second quarter. Sei Investments Co. now owns 162,078 shares of the specialty chemicals company’s stock valued at $15,432,000 after purchasing an additional 61,063 shares in the last quarter. ProShare Advisors LLC grew its stake in International Flavors & Fragrances by 7.1% during the 2nd quarter. ProShare Advisors LLC now owns 44,048 shares of the specialty chemicals company’s stock valued at $4,194,000 after acquiring an additional 2,910 shares in the last quarter. Finally, Frank Rimerman Advisors LLC increased its stake in International Flavors & Fragrances by 3,091.8% in the 2nd quarter. Frank Rimerman Advisors LLC now owns 2,713 shares of the specialty chemicals company’s stock valued at $258,000 after buying an additional 2,628 shares during the period. 96.02% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several brokerages have recently issued reports on IFF. Citigroup reduced their price target on International Flavors & Fragrances from $110.00 to $105.00 and set a “buy” rating for the company in a report on Wednesday, December 18th. Morgan Stanley raised International Flavors & Fragrances from an “equal weight” rating to an “overweight” rating and reduced their price objective for the company from $111.00 to $110.00 in a research report on Tuesday, November 12th. JPMorgan Chase & Co. cut their price objective 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. Bank of America upgraded shares of International Flavors & Fragrances from a “neutral” rating to a “buy” rating and set a $107.00 price objective for the company in a research note on Friday, November 8th. Finally, Stifel Nicolaus lifted their price target on shares of International Flavors & Fragrances from $115.00 to $121.00 and gave the company a “buy” rating in a report on Thursday, October 24th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and twelve have given a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $109.23.

International Flavors & Fragrances Price Performance

IFF stock opened at $86.42 on Friday. The stock has a market cap of $22.09 billion, a PE ratio of -9.51, a price-to-earnings-growth ratio of 1.46 and a beta of 1.18. The stock has a 50-day moving average price of $86.45 and a two-hundred day moving average price of $95.26. International Flavors & Fragrances Inc. has a 1 year low of $72.94 and a 1 year 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.

International Flavors & Fragrances (NYSE:IFF) last released 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 firm had revenue of $2.93 billion during the quarter, compared to the consensus estimate of $2.83 billion. International Flavors & Fragrances had a negative net margin of 20.33% and a positive return on equity of 7.16%. The company’s revenue was up 3.7% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.89 EPS. Equities analysts forecast that International Flavors & Fragrances Inc. will post 4.15 EPS for the current fiscal year.

International Flavors & Fragrances Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, January 8th. Investors of record on Friday, December 20th were given a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a yield of 1.85%. The ex-dividend date was Friday, December 20th. International Flavors & Fragrances’s dividend payout ratio (DPR) is currently -17.60%.

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 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 transaction, the insider now directly 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 Securities & Exchange Commission, which is available through this link. Company insiders own 0.20% of the company’s stock.

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.