Qsemble Capital Management LP Purchases 15,407 Shares of International Flavors & Fragrances Inc. (NYSE:IFF)

Qsemble Capital Management LP raised its position in shares of International Flavors & Fragrances Inc. (NYSE:IFF - Free Report) by 202.7% in the third quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 23,009 shares of the specialty chemicals company's stock after purchasing an additional 15,407 shares during the quarter. Qsemble Capital Management LP's holdings in International Flavors & Fragrances were worth $2,414,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of IFF. Bessemer Group Inc. grew its holdings in International Flavors & Fragrances by 13.0% during the first quarter. Bessemer Group Inc. now owns 2,746 shares of the specialty chemicals company's stock worth $236,000 after acquiring an additional 315 shares during the period. Price T Rowe Associates Inc. MD raised its holdings in shares of International Flavors & Fragrances by 9.4% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 1,895,581 shares of the specialty chemicals company's stock worth $163,003,000 after purchasing an additional 162,179 shares in the last quarter. California State Teachers Retirement System lifted its stake in International Flavors & Fragrances by 0.9% during the first quarter. California State Teachers Retirement System now owns 412,266 shares of the specialty chemicals company's stock valued at $35,451,000 after purchasing an additional 3,786 shares during the last quarter. Redwood Investment Management LLC bought a new stake in International Flavors & Fragrances during the first quarter worth approximately $649,000. Finally, Garner Asset Management Corp acquired a new position in International Flavors & Fragrances in the first quarter worth approximately $396,000. 96.02% of the stock is currently owned by institutional investors and hedge funds.

International Flavors & Fragrances Stock Down 0.0 %

NYSE IFF traded down $0.01 on Tuesday, reaching $90.88. The stock had a trading volume of 1,172,312 shares, 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 business has a 50 day moving average price of $99.07 and a 200 day moving average price 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. The company has a market capitalization 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.

International Flavors & Fragrances (NYSE:IFF - Get Free Report) last announced its quarterly 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 quarterly revenue was up 3.7% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.89 EPS. 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 firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 8th. Investors of record on Friday, December 20th will be paid a $0.40 dividend. This represents a $1.60 annualized dividend and a dividend yield of 1.76%. The ex-dividend date of this dividend is Friday, December 20th. International Flavors & Fragrances's payout ratio is presently -17.60%.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on the company. JPMorgan Chase & Co. reduced their price objective on International Flavors & Fragrances from $110.00 to $107.00 and set an "overweight" rating for the company in a research note on Thursday, November 7th. Vertical Research raised International Flavors & Fragrances from a "hold" rating to a "buy" rating and set a $109.00 price target on the stock in a research note on Thursday, November 7th. Morgan Stanley upgraded International Flavors & Fragrances from an "equal weight" rating to an "overweight" rating and cut their price objective for the stock from $111.00 to $110.00 in a report on Tuesday, November 12th. UBS Group raised their target price on shares of International Flavors & Fragrances from $108.00 to $111.00 and gave the stock a "neutral" rating in a report on Wednesday, November 6th. Finally, Mizuho upgraded shares of International Flavors & Fragrances from a "neutral" rating to an "outperform" rating and boosted their price target for the company from $109.00 to $120.00 in a report on Tuesday, September 3rd. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and twelve have assigned a buy rating to the stock. According to data from MarketBeat.com, International Flavors & Fragrances has an average rating of "Moderate Buy" and an average price target of $109.27.

Insider Buying and Selling

In other International Flavors & Fragrances news, insider Yuvraj Arora sold 5,000 shares of the stock in a transaction that occurred on 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. This trade represents a 60.69 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. 0.09% of the stock is currently owned by corporate insiders.

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.