Great Valley Advisor Group Inc. Sells 25,285 Shares of International Flavors & Fragrances Inc. (NYSE:IFF)

Great Valley Advisor Group Inc. lowered its position in International Flavors & Fragrances Inc. (NYSE:IFF - Free Report) by 64.2% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 14,103 shares of the specialty chemicals company's stock after selling 25,285 shares during the quarter. Great Valley Advisor Group Inc.'s holdings in International Flavors & Fragrances were worth $1,480,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in IFF. Albar Capital Ltd raised its stake in shares of International Flavors & Fragrances by 73.5% in the 2nd 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 in the last quarter. Robeco Institutional Asset Management B.V. raised its stake in shares of International Flavors & Fragrances by 70.9% in 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 purchasing an additional 293,760 shares in the last quarter. Swedbank AB bought a new stake in shares of International Flavors & Fragrances during the 1st quarter valued at about $19,945,000. Smith Group Asset Management LLC bought a new stake in shares of International Flavors & Fragrances during the 3rd quarter valued at about $22,399,000. Finally, Point72 Europe London LLP grew its position in shares of International Flavors & Fragrances by 50.0% during the 2nd quarter. Point72 Europe London LLP now owns 627,412 shares of the specialty chemicals company's stock valued at $59,736,000 after buying an additional 209,098 shares during the last quarter. Institutional investors and hedge funds own 96.02% of the company's stock.

International Flavors & Fragrances Price Performance

IFF stock traded down $0.01 on Tuesday, hitting $90.88. 1,172,312 shares of the company's stock traded hands, compared to its average volume of 1,680,067. International Flavors & Fragrances Inc. has a 1-year low of $72.94 and a 1-year high of $106.77. The stock has a market cap of $23.24 billion, a price-to-earnings ratio of -10.00, a P/E/G ratio of 1.60 and a beta of 1.22. The stock has a fifty day moving average of $99.07 and a 200-day moving average of $98.33. 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 - Get Free Report) 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). International Flavors & Fragrances had a negative net margin of 20.33% and a positive return on equity of 7.16%. The business had revenue of $2.93 billion for the quarter, compared to analyst estimates of $2.83 billion. During the same period in the prior year, the company earned $0.89 earnings per share. The firm's revenue for the quarter was up 3.7% on a year-over-year basis. On average, analysts forecast that International Flavors & Fragrances Inc. will post 4.16 EPS for the current fiscal year.

International Flavors & Fragrances Dividend Announcement

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 given 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 1.76%. International Flavors & Fragrances's dividend payout ratio (DPR) is presently -17.60%.

Insider Buying and Selling

In other International Flavors & Fragrances news, insider Yuvraj Arora sold 5,000 shares of the company'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 transaction, the insider now owns 3,238 shares in the company, valued at approximately $297,086.50. This represents a 60.69 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 0.09% of the company's stock.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in 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 for the company in a research report on Friday, November 8th. Stifel Nicolaus upped their target price on shares of International Flavors & Fragrances from $115.00 to $121.00 and gave the stock a "buy" rating in a research report on Thursday, October 24th. JPMorgan Chase & Co. decreased 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. Morgan Stanley upgraded shares of International Flavors & Fragrances from an "equal weight" rating to an "overweight" rating and decreased their target price for the stock from $111.00 to $110.00 in a research report on Tuesday, November 12th. Finally, Vertical Research upgraded shares of International Flavors & Fragrances from a "hold" rating to a "buy" rating and set a $109.00 target price for the company in a research report on Thursday, November 7th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and twelve have issued a buy rating to the company's stock. Based on data from MarketBeat, International Flavors & Fragrances has an average rating of "Moderate Buy" and a consensus price target of $109.27.

International Flavors & Fragrances 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.