International Flavors & Fragrances Inc. (NYSE:IFF) Stock Position Lowered by Point72 Asia Singapore Pte. Ltd.

Point72 Asia Singapore Pte. Ltd. lessened its stake in International Flavors & Fragrances Inc. (NYSE:IFF - Free Report) by 92.8% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 1,154 shares of the specialty chemicals company's stock after selling 14,872 shares during the quarter. Point72 Asia Singapore Pte. Ltd.'s holdings in International Flavors & Fragrances were worth $121,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of IFF. First Pacific Advisors LP grew its position in International Flavors & Fragrances by 2.0% in the second quarter. First Pacific Advisors LP now owns 4,011,307 shares of the specialty chemicals company's stock worth $381,917,000 after acquiring an additional 80,558 shares during the period. Dimensional Fund Advisors LP grew its holdings in shares of International Flavors & Fragrances by 7.6% during the second quarter. Dimensional Fund Advisors LP now owns 1,756,438 shares of the specialty chemicals company's stock worth $167,244,000 after purchasing an additional 123,693 shares during the last quarter. Charles Schwab Investment Management Inc. grew its holdings in shares of International Flavors & Fragrances by 1.1% during the third quarter. Charles Schwab Investment Management Inc. now owns 1,498,815 shares of the specialty chemicals company's stock worth $157,271,000 after purchasing an additional 16,590 shares during the last quarter. Albar Capital Ltd grew its holdings in shares of International Flavors & Fragrances by 73.5% during the second quarter. Albar Capital Ltd now owns 1,146,234 shares of the specialty chemicals company's stock worth $109,133,000 after buying an additional 485,433 shares during the last quarter. Finally, Swiss National Bank grew its holdings in shares of International Flavors & Fragrances by 0.3% during the third quarter. Swiss National Bank now owns 757,899 shares of the specialty chemicals company's stock worth $79,526,000 after buying an additional 1,900 shares during the last quarter. Institutional investors and hedge funds own 96.02% of the company's stock.

International Flavors & Fragrances Stock Performance

NYSE IFF traded down $0.12 on Friday, hitting $88.88. The stock had a trading volume of 458,550 shares, compared to its average volume of 1,663,280. International Flavors & Fragrances Inc. has a one year low of $72.94 and a one year high of $106.77. The company has a quick ratio of 1.93, a current ratio of 2.62 and a debt-to-equity ratio of 0.58. The stock has a market cap of $22.73 billion, a price-to-earnings ratio of -9.82, a P/E/G ratio of 1.59 and a beta of 1.17. The company's 50-day moving average is $96.94 and its two-hundred day moving average is $97.93.

International Flavors & Fragrances (NYSE:IFF - Get Free Report) last posted 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 positive return on equity of 7.16% and a negative net margin of 20.33%. International Flavors & Fragrances's revenue for the quarter was up 3.7% on a year-over-year basis. During the same quarter last year, the company posted $0.89 EPS. On average, analysts expect that International Flavors & Fragrances Inc. will post 4.16 earnings per share for the current year.

International Flavors & Fragrances Announces Dividend

The business also recently disclosed 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 1.80%. The ex-dividend date of this dividend is Friday, December 20th. International Flavors & Fragrances's dividend payout ratio (DPR) is presently -17.60%.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on IFF shares. Mizuho upgraded shares of International Flavors & Fragrances from a "neutral" rating to an "outperform" rating and lifted their price target for the company from $109.00 to $120.00 in a research report on Tuesday, September 3rd. JPMorgan Chase & Co. decreased their price target 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. Barclays upped their price target on shares of 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. Stifel Nicolaus upped their price target 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. Finally, Vertical Research raised shares of International Flavors & Fragrances from a "hold" rating to a "buy" rating and set a $109.00 price target for the company in a research report on Thursday, November 7th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and twelve have given a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $111.00.

Insider Activity

In other news, insider Yuvraj Arora sold 5,000 shares of the 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 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 legal filing with the SEC, which is accessible through this link. Insiders own 0.20% of the company's stock.

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.