Sanctuary Advisors LLC Sells 663 Shares of International Flavors & Fragrances Inc. (NYSE:IFF)

Sanctuary Advisors LLC reduced its position in International Flavors & Fragrances Inc. (NYSE:IFF) by 9.1% during the third quarter, according to its most recent 13F filing with the SEC. The firm owned 6,621 shares of the specialty chemicals company’s stock after selling 663 shares during the period. Sanctuary Advisors LLC’s holdings in International Flavors & Fragrances were worth $695,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Albar Capital Ltd raised its position in shares of International Flavors & Fragrances by 73.5% in the second quarter. Albar Capital Ltd now owns 1,146,234 shares of the specialty chemicals company’s stock valued at $109,133,000 after purchasing an additional 485,433 shares during the period. Robeco Institutional Asset Management B.V. raised its holdings in International Flavors & Fragrances by 70.9% during the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 708,081 shares of the specialty chemicals company’s stock valued at $74,299,000 after acquiring an additional 293,760 shares during the period. Smith Group Asset Management LLC purchased a new stake in shares of International Flavors & Fragrances during the third quarter worth $22,399,000. Point72 Europe London LLP boosted its holdings in shares of International Flavors & Fragrances by 50.0% in the second quarter. Point72 Europe London LLP now owns 627,412 shares of the specialty chemicals company’s stock worth $59,736,000 after acquiring an additional 209,098 shares during the period. Finally, State Street Corp raised its stake in shares of International Flavors & Fragrances by 1.9% during the 3rd quarter. State Street Corp now owns 10,467,517 shares of the specialty chemicals company’s stock valued at $1,102,363,000 after purchasing an additional 196,696 shares during the period. 96.02% of the stock is owned by hedge funds and other institutional investors.

International Flavors & Fragrances Price Performance

IFF stock opened at $85.11 on Wednesday. The firm has a market cap of $21.76 billion, a P/E ratio of -9.36, a P/E/G ratio of 1.55 and a beta of 1.17. The firm’s fifty day moving average is $92.78 and its 200 day moving average is $97.08. International Flavors & Fragrances Inc. has a 52 week low of $72.94 and a 52 week high of $106.77. The company has a debt-to-equity ratio of 0.58, a quick ratio of 1.93 and a current ratio of 2.62.

International Flavors & Fragrances (NYSE:IFF) last released 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 analysts’ expectations of $2.83 billion. During the same quarter in the prior year, the firm posted $0.89 EPS. The firm’s quarterly revenue was up 3.7% on a year-over-year basis. Research analysts predict that International Flavors & Fragrances Inc. will post 4.16 earnings per share 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. Stockholders of record on Friday, December 20th will be issued a $0.40 dividend. This represents a $1.60 annualized dividend and a dividend yield of 1.88%. The ex-dividend date of this dividend is Friday, December 20th. International Flavors & Fragrances’s dividend payout ratio is -17.60%.

Insider Buying and Selling

In related news, insider Yuvraj Arora sold 5,000 shares of the business’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 transaction, the insider now 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 document filed with the Securities & Exchange Commission, which is available at this link. 0.09% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

IFF has been the subject of several analyst reports. Mizuho upgraded International Flavors & Fragrances from a “neutral” rating to an “outperform” rating and raised their target price for the stock from $109.00 to $120.00 in a research note on Tuesday, September 3rd. Citigroup decreased their target price on shares of International Flavors & Fragrances from $110.00 to $105.00 and set a “buy” rating on the stock in a report on Wednesday, December 18th. 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. Barclays increased their price objective 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. Finally, JPMorgan Chase & Co. decreased their target price 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. One analyst has rated the stock with a sell rating, four have issued a hold rating and twelve have given a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $110.21.

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.