Quantbot Technologies LP Makes New $7.95 Million Investment in International Flavors & Fragrances Inc. (NYSE:IFF)

Quantbot Technologies LP purchased a new position in International Flavors & Fragrances Inc. (NYSE:IFF - Free Report) in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 75,713 shares of the specialty chemicals company's stock, valued at approximately $7,945,000.

Several other institutional investors and hedge funds have also made changes to their positions in IFF. Qsemble Capital Management LP raised its stake in International Flavors & Fragrances by 202.7% in the 3rd quarter. Qsemble Capital Management LP now owns 23,009 shares of the specialty chemicals company's stock valued at $2,414,000 after purchasing an additional 15,407 shares during the last quarter. Mirabella Financial Services LLP raised its position in shares of International Flavors & Fragrances by 1.0% in the third quarter. Mirabella Financial Services LLP now owns 33,540 shares of the specialty chemicals company's stock valued at $3,519,000 after buying an additional 333 shares during the last quarter. Dynamic Technology Lab Private Ltd purchased a new position in shares of International Flavors & Fragrances during the third quarter valued at approximately $576,000. Daiwa Securities Group Inc. boosted its position in International Flavors & Fragrances by 79.3% during the third quarter. Daiwa Securities Group Inc. now owns 49,800 shares of the specialty chemicals company's stock worth $5,225,000 after acquiring an additional 22,026 shares during the last quarter. Finally, Alpha DNA Investment Management LLC purchased a new stake in International Flavors & Fragrances in the 3rd quarter worth approximately $791,000. 96.02% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at International Flavors & Fragrances

In related news, insider Yuvraj Arora sold 5,000 shares of the business's 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 directly owns 3,238 shares of the company's stock, valued at $297,086.50. The trade was a 60.69 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 0.09% of the company's stock.

International Flavors & Fragrances Stock Up 0.0 %

Shares of IFF traded up $0.04 during mid-day trading on Tuesday, reaching $90.93. 1,171,657 shares of the stock traded hands, compared to its average volume of 1,680,067. The stock has a fifty day simple moving average of $99.07 and a 200 day simple moving average of $98.33. International Flavors & Fragrances Inc. has a 12-month low of $72.94 and a 12-month 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 firm has a market cap of $23.25 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 posted its quarterly earnings data on Tuesday, November 5th. The specialty chemicals company reported $0.62 earnings per share for the quarter, missing analysts' consensus estimates of $1.08 by ($0.46). The firm had revenue of $2.93 billion during the quarter, compared to analysts' expectations 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 business's quarterly revenue was up 3.7% on a year-over-year basis. During the same period in the previous year, the company earned $0.89 earnings per share. Sell-side analysts expect that International Flavors & Fragrances Inc. will post 4.16 EPS for the current fiscal year.

International Flavors & Fragrances Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, January 8th. Stockholders of record on Friday, December 20th will be paid a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a dividend yield of 1.76%. The ex-dividend date is Friday, December 20th. International Flavors & Fragrances's dividend payout ratio (DPR) is currently -17.60%.

Analysts Set New Price Targets

Several research firms have recently issued reports on IFF. Bank of America upgraded International Flavors & Fragrances from a "neutral" rating to a "buy" rating and set a $107.00 price objective on the stock in a report on Friday, November 8th. Oppenheimer lifted their price target on International Flavors & Fragrances from $116.00 to $117.00 and gave the company an "outperform" rating in a report on Wednesday, September 11th. UBS Group increased 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. 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, Morgan Stanley upgraded shares of International Flavors & Fragrances from an "equal weight" rating to an "overweight" rating and decreased their price target for the company from $111.00 to $110.00 in a report on Tuesday, November 12th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and twelve have given a buy rating to the company. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $109.27.

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.