Point72 DIFC Ltd Has $2.15 Million Position in International Flavors & Fragrances Inc. (NYSE:IFF)

Point72 DIFC Ltd cut its holdings in shares of International Flavors & Fragrances Inc. (NYSE:IFF - Free Report) by 46.8% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 20,482 shares of the specialty chemicals company's stock after selling 18,009 shares during the period. Point72 DIFC Ltd's holdings in International Flavors & Fragrances were worth $2,149,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of IFF. Northwest Investment Counselors LLC acquired a new stake in shares of International Flavors & Fragrances during the third quarter valued at about $27,000. Family Firm Inc. acquired a new stake in shares of International Flavors & Fragrances during the second quarter valued at about $38,000. Point72 Hong Kong Ltd acquired a new position in International Flavors & Fragrances in the third quarter worth about $42,000. Oakworth Capital Inc. acquired a new position in International Flavors & Fragrances in the third quarter worth about $44,000. Finally, Eastern Bank acquired a new position in International Flavors & Fragrances in the third quarter worth about $46,000. 96.02% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on the company. Bank of America upgraded International Flavors & Fragrances from a "neutral" rating to a "buy" rating and set a $107.00 price target for the company in a research note on Friday, November 8th. JPMorgan Chase & Co. decreased their price target 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. Morgan Stanley upgraded International Flavors & Fragrances from an "equal weight" rating to an "overweight" rating and decreased their price target for the stock from $111.00 to $110.00 in a research note on Tuesday, November 12th. Wells Fargo & Company lifted their price target on International Flavors & Fragrances from $110.00 to $115.00 and gave the stock an "overweight" rating in a research note on Thursday, August 8th. Finally, Mizuho upgraded International Flavors & Fragrances from a "neutral" rating to an "outperform" rating and lifted their price target for the stock from $109.00 to $120.00 in a research note on Tuesday, September 3rd. One investment analyst has rated the stock with a sell rating, four have given a hold rating and twelve have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, International Flavors & Fragrances presently has an average rating of "Moderate Buy" and an average price target of $111.00.

International Flavors & Fragrances Stock Down 0.3 %

Shares of IFF stock traded down $0.28 on Thursday, hitting $89.02. The company's stock had a trading volume of 1,093,850 shares, compared to its average volume of 1,668,516. The company has a debt-to-equity ratio of 0.58, a current ratio of 2.62 and a quick ratio of 1.93. International Flavors & Fragrances Inc. has a fifty-two week low of $72.94 and a fifty-two week high of $106.77. The firm's fifty day moving average price is $97.26 and its 200-day moving average price is $97.99. The stock has a market capitalization of $22.76 billion, a price-to-earnings ratio of -9.82, a P/E/G ratio of 1.59 and a beta of 1.17.

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 negative net margin of 20.33% and a positive return on equity of 7.16%. The business had revenue of $2.93 billion during the quarter, compared to analyst estimates of $2.83 billion. During the same period in the previous year, the firm posted $0.89 EPS. The firm's revenue for the quarter was up 3.7% on a year-over-year basis. Research analysts anticipate that International Flavors & Fragrances Inc. will post 4.16 EPS for the current year.

International Flavors & Fragrances Announces Dividend

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 given a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a yield of 1.80%. The ex-dividend date of this dividend is Friday, December 20th. International Flavors & Fragrances's dividend payout ratio is -17.60%.

Insiders Place Their Bets

In other International Flavors & Fragrances news, insider Yuvraj Arora sold 5,000 shares of the business's stock in a transaction on Monday, November 11th. The shares were sold at an average price of $91.75, for a total transaction of $458,750.00. Following the completion of the transaction, the insider now owns 3,238 shares of the company's stock, valued at $297,086.50. The trade was a 60.69 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 0.20% of the company's stock.

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.