International Flavors & Fragrances Inc. (NYSE:IFF) Shares Sold by Fmr LLC

FMR LLC reduced its position in shares of International Flavors & Fragrances Inc. (NYSE:IFF - Free Report) by 45.2% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 502,924 shares of the specialty chemicals company's stock after selling 414,151 shares during the period. FMR LLC owned approximately 0.20% of International Flavors & Fragrances worth $52,772,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Northwest Investment Counselors LLC acquired a new position in International Flavors & Fragrances during the third quarter worth about $27,000. Family Firm Inc. acquired a new stake in shares of International Flavors & Fragrances in the second quarter valued at approximately $38,000. Oakworth Capital Inc. acquired a new stake in shares of International Flavors & Fragrances in the third quarter valued at 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 lifted its stake in shares of 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 valued at $47,000 after buying an additional 464 shares during the period. 96.02% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on IFF. 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 note on Friday, November 8th. Barclays upped their price objective on shares of International Flavors & Fragrances from $93.00 to $99.00 and gave the company an "equal weight" rating in a research note on Friday, October 11th. Mizuho raised shares of International Flavors & Fragrances from a "neutral" rating to an "outperform" rating and upped their price objective for the company from $109.00 to $120.00 in a research note on Tuesday, September 3rd. JPMorgan Chase & Co. cut their price target on shares of 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. Finally, UBS Group increased their price target on shares of International Flavors & Fragrances from $108.00 to $111.00 and gave the stock a "neutral" rating in a research note on Wednesday, November 6th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and twelve have assigned a buy rating to the stock. According to MarketBeat, International Flavors & Fragrances presently has a consensus rating of "Moderate Buy" and a consensus target price of $111.00.

International Flavors & Fragrances Stock Down 0.1 %

IFF traded down $0.08 during trading hours on Friday, reaching $88.92. 992,336 shares of the stock traded hands, compared to its average volume of 1,681,603. The firm's fifty day simple moving average is $96.62 and its two-hundred day simple moving average is $97.86. The company has a market cap of $22.74 billion, a price-to-earnings ratio of -9.78, a PEG ratio of 1.58 and a beta of 1.17. International Flavors & Fragrances Inc. has a fifty-two week low of $72.94 and a fifty-two week high of $106.77. 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 (NYSE:IFF - Get Free Report) last released 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). The firm had revenue of $2.93 billion for the quarter, compared to analyst estimates of $2.83 billion. International Flavors & Fragrances had a negative net margin of 20.33% and a positive return on equity of 7.16%. International Flavors & Fragrances's revenue for the quarter was up 3.7% on a year-over-year basis. During the same period in the previous year, the business posted $0.89 earnings per share. As a group, analysts forecast that International Flavors & Fragrances Inc. will post 4.16 earnings per share for the current fiscal year.

International Flavors & Fragrances Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, January 8th. Investors of record on Friday, December 20th will be issued a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a yield of 1.80%. The ex-dividend date of this dividend is Friday, December 20th. International Flavors & Fragrances's payout ratio is -17.60%.

Insider Activity 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 on Monday, November 11th. The shares were sold at an average price of $91.75, for a total transaction of $458,750.00. Following the completion of the transaction, the insider now directly owns 3,238 shares of the company's stock, valued at $297,086.50. This trade represents a 60.69 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 0.20% of the company's stock.

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.