XTX Topco Ltd Lowers Position in International Flavors & Fragrances Inc. (NYSE:IFF)

XTX Topco Ltd trimmed its position in International Flavors & Fragrances Inc. (NYSE:IFF - Free Report) by 75.6% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 5,267 shares of the specialty chemicals company's stock after selling 16,353 shares during the period. XTX Topco Ltd's holdings in International Flavors & Fragrances were worth $553,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in the company. Albar Capital Ltd boosted its stake in 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 acquiring an additional 485,433 shares in the last quarter. Robeco Institutional Asset Management B.V. grew 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 worth $74,299,000 after buying an additional 293,760 shares during the last quarter. Smith Group Asset Management LLC bought a new position in International Flavors & Fragrances during the 3rd quarter valued at approximately $22,399,000. Point72 Europe London LLP raised its stake in International Flavors & Fragrances by 50.0% during the second 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. Finally, State Street Corp boosted its holdings in International Flavors & Fragrances by 1.9% in the third quarter. State Street Corp now owns 10,467,517 shares of the specialty chemicals company's stock worth $1,102,363,000 after acquiring an additional 196,696 shares in the last quarter. Institutional investors own 96.02% of the company's stock.

Analyst Ratings Changes

Several brokerages have recently weighed in on IFF. Vertical Research upgraded International Flavors & Fragrances from a "hold" rating to a "buy" rating and set a $109.00 price target for the company in a report on Thursday, November 7th. 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 report on Thursday, November 7th. Morgan Stanley upgraded shares of International Flavors & Fragrances from an "equal weight" rating to an "overweight" rating and cut their price target for the company from $111.00 to $110.00 in a report on Tuesday, November 12th. UBS Group boosted their price objective 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 International Flavors & Fragrances from a "neutral" rating to an "outperform" rating and increased their target price for the company from $109.00 to $120.00 in a research note on Tuesday, September 3rd. One research 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. Based on data from MarketBeat.com, International Flavors & Fragrances presently has a consensus rating of "Moderate Buy" and a consensus target price of $111.00.

International Flavors & Fragrances Stock Performance

Shares of NYSE:IFF traded down $0.70 during trading on Friday, hitting $87.40. The company's stock had a trading volume of 1,157,221 shares, compared to its average volume of 1,659,794. The company has a debt-to-equity ratio of 0.58, a current ratio of 2.62 and a quick ratio of 1.93. The firm has a market cap of $22.35 billion, a price-to-earnings ratio of -9.61, a P/E/G ratio of 1.55 and a beta of 1.17. The company has a 50-day moving average of $95.20 and a 200-day moving average of $97.59. International Flavors & Fragrances Inc. has a 12 month low of $72.94 and a 12 month high of $106.77.

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 the consensus estimate of $1.08 by ($0.46). The business 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%. The firm's revenue was up 3.7% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.89 earnings per share. On average, sell-side 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 paid a $0.40 dividend. This represents a $1.60 annualized dividend and a dividend yield of 1.83%. The ex-dividend date of this dividend is Friday, December 20th. International Flavors & Fragrances's dividend payout ratio (DPR) is currently -17.60%.

Insider Activity

In other International Flavors & Fragrances news, insider Yuvraj Arora sold 5,000 shares of the stock in a transaction on Monday, November 11th. The stock was sold at an average price of $91.75, for a total value of $458,750.00. Following the completion of the sale, 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 sale was disclosed in a filing with the SEC, which is accessible through the SEC website. 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.