Redwood Grove Capital LLC Grows Stake in International Flavors & Fragrances Inc. (NYSE:IFF)

Redwood Grove Capital LLC increased its stake in shares of International Flavors & Fragrances Inc. (NYSE:IFF - Free Report) by 17.4% during the third quarter, according to its most recent filing with the SEC. The institutional investor owned 198,682 shares of the specialty chemicals company's stock after purchasing an additional 29,498 shares during the period. International Flavors & Fragrances accounts for 5.7% of Redwood Grove Capital LLC's investment portfolio, making the stock its 4th largest position. Redwood Grove Capital LLC owned about 0.08% of International Flavors & Fragrances worth $20,848,000 as of its most recent filing with the SEC.

A number of other institutional investors have also added to or reduced their stakes in the stock. Albar Capital Ltd raised its holdings in shares of International Flavors & Fragrances by 73.5% in the 2nd quarter. Albar Capital Ltd now owns 1,146,234 shares of the specialty chemicals company's stock valued at $109,133,000 after acquiring an additional 485,433 shares in the last quarter. Robeco Institutional Asset Management B.V. boosted its position in shares of International Flavors & Fragrances by 70.9% during the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 708,081 shares of the specialty chemicals company's stock valued at $74,299,000 after acquiring an additional 293,760 shares during the last quarter. Smith Group Asset Management LLC bought a new stake in shares of International Flavors & Fragrances during the 3rd quarter valued at about $22,399,000. Point72 Europe London LLP boosted its position in shares of International Flavors & Fragrances by 50.0% during the 2nd quarter. Point72 Europe London LLP now owns 627,412 shares of the specialty chemicals company's stock valued at $59,736,000 after acquiring an additional 209,098 shares during the last quarter. Finally, BNP Paribas Financial Markets boosted its position in shares of International Flavors & Fragrances by 85.2% during the 3rd quarter. BNP Paribas Financial Markets now owns 364,577 shares of the specialty chemicals company's stock valued at $38,255,000 after acquiring an additional 167,698 shares during the last quarter. Hedge funds and other institutional investors own 96.02% of the company's stock.

International Flavors & Fragrances Trading Down 0.3 %

Shares of IFF stock traded down $0.28 during trading hours on Thursday, reaching $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 stock has a market capitalization of $22.76 billion, a P/E ratio of -9.82, a P/E/G ratio of 1.59 and a beta of 1.17. International Flavors & Fragrances Inc. has a one year low of $72.94 and a one year high of $106.77. The firm's fifty day simple moving average is $97.26 and its 200 day simple moving average is $97.99. The company has a current ratio of 2.62, a quick ratio of 1.93 and a debt-to-equity ratio of 0.58.

International Flavors & Fragrances (NYSE:IFF - Get Free Report) last issued 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 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%. International Flavors & Fragrances's quarterly revenue was up 3.7% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.89 earnings per share. Equities research analysts expect that International Flavors & Fragrances Inc. will post 4.16 EPS for the current year.

International Flavors & Fragrances Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 8th. Stockholders of record on Friday, December 20th will be given a $0.40 dividend. The ex-dividend date is Friday, December 20th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.80%. International Flavors & Fragrances's dividend payout ratio is currently -17.60%.

Insider Transactions at International Flavors & Fragrances

In related news, insider Yuvraj Arora sold 5,000 shares of International Flavors & Fragrances stock in a transaction that occurred on Monday, November 11th. The stock was sold at an average price of $91.75, for a total transaction of $458,750.00. Following the sale, the insider now directly owns 3,238 shares in the company, valued at $297,086.50. The trade was a 60.69 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Corporate insiders own 0.20% of the company's stock.

Analyst Ratings Changes

IFF has been the subject of a number of research analyst reports. UBS Group lifted their price target on International Flavors & Fragrances from $108.00 to $111.00 and gave the company a "neutral" rating in a research report on Wednesday, November 6th. Wells Fargo & Company lifted their price target on International Flavors & Fragrances from $110.00 to $115.00 and gave the company an "overweight" rating in a research report on Thursday, August 8th. JPMorgan Chase & Co. decreased their price objective on International Flavors & Fragrances from $110.00 to $107.00 and set an "overweight" rating on the stock in a report on Thursday, November 7th. Mizuho raised International Flavors & Fragrances from a "neutral" rating to an "outperform" rating and raised their price objective for the company from $109.00 to $120.00 in a report on Tuesday, September 3rd. Finally, Morgan Stanley raised International Flavors & Fragrances from an "equal weight" rating to an "overweight" rating and decreased their price objective for the company from $111.00 to $110.00 in a report on Tuesday, November 12th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and twelve have given a buy rating to the company's stock. Based on data from MarketBeat, International Flavors & Fragrances presently has a consensus rating of "Moderate Buy" and an average price target of $111.00.

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.