International Flavors & Fragrances Inc. (NYSE:IFF) Shares Sold by Point72 Asset Management L.P.

Point72 Asset Management L.P. reduced its position in International Flavors & Fragrances Inc. (NYSE:IFF - Free Report) by 52.6% during the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 298,165 shares of the specialty chemicals company's stock after selling 331,055 shares during the quarter. Point72 Asset Management L.P. owned approximately 0.12% of International Flavors & Fragrances worth $31,286,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Northwest Investment Counselors LLC bought a new position in International Flavors & Fragrances in the 3rd quarter valued at about $27,000. Point72 Hong Kong Ltd bought a new position in International Flavors & Fragrances in the 3rd quarter worth approximately $42,000. Family Firm Inc. purchased a new stake in International Flavors & Fragrances during the 2nd quarter worth about $38,000. Oakworth Capital Inc. bought a new position in shares of International Flavors & Fragrances in the third quarter valued at approximately $44,000. Finally, Eastern Bank bought a new position in International Flavors & Fragrances in the 3rd quarter worth about $46,000. 96.02% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other International Flavors & Fragrances news, insider Yuvraj Arora sold 5,000 shares of International Flavors & Fragrances stock in a transaction dated 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 $297,086.50. The trade was a 60.69 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Insiders own 0.20% of the company's stock.

International Flavors & Fragrances Stock Down 0.1 %

Shares of NYSE IFF traded down $0.08 during midday trading on Friday, hitting $88.92. The company's stock had a trading volume of 992,336 shares, compared to its average volume of 1,665,650. The firm has a market capitalization of $22.74 billion, a price-to-earnings ratio of -9.82, a price-to-earnings-growth ratio of 1.59 and a beta of 1.17. International Flavors & Fragrances Inc. has a 1 year low of $72.94 and a 1 year 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. The business's fifty day simple moving average is $96.94 and its two-hundred day simple moving average is $97.93.

International Flavors & Fragrances (NYSE:IFF - Get Free Report) last released its quarterly earnings data on Tuesday, November 5th. The specialty chemicals company reported $0.62 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.08 by ($0.46). International Flavors & Fragrances had a positive return on equity of 7.16% and a negative net margin of 20.33%. The firm had revenue of $2.93 billion for the quarter, compared to analysts' expectations of $2.83 billion. During the same period last year, the firm posted $0.89 earnings per share. International Flavors & Fragrances's revenue for the quarter was up 3.7% on a year-over-year basis. On average, equities analysts predict that International Flavors & Fragrances Inc. will post 4.16 EPS for the current year.

International Flavors & Fragrances Dividend Announcement

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

Wall Street Analyst Weigh In

A number of brokerages recently commented on IFF. Vertical Research upgraded shares of International Flavors & Fragrances from a "hold" rating to a "buy" rating and set a $109.00 target price on the stock in a research report on Thursday, November 7th. Wells Fargo & Company raised their target price on shares of International Flavors & Fragrances from $110.00 to $115.00 and gave the company an "overweight" rating in a research note on Thursday, August 8th. Morgan Stanley raised 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 report on Tuesday, November 12th. 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 note on Thursday, November 7th. Finally, UBS Group raised their price objective on shares of International Flavors & Fragrances from $108.00 to $111.00 and gave the company a "neutral" rating in a research report on Wednesday, November 6th. One research 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. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $111.00.

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.