SageView Advisory Group LLC Cuts Position in International Flavors & Fragrances Inc. (NYSE:IFF)

SageView Advisory Group LLC reduced its stake in shares of International Flavors & Fragrances Inc. (NYSE:IFF - Free Report) by 80.1% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 2,014 shares of the specialty chemicals company's stock after selling 8,131 shares during the period. SageView Advisory Group LLC's holdings in International Flavors & Fragrances were worth $211,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of IFF. Cetera Advisors LLC acquired a new stake in shares of International Flavors & Fragrances during the first quarter worth $693,000. CWM LLC grew its stake in International Flavors & Fragrances by 9.1% during the second quarter. CWM LLC now owns 6,431 shares of the specialty chemicals company's stock worth $612,000 after purchasing an additional 535 shares during the period. QRG Capital Management Inc. increased its holdings in International Flavors & Fragrances by 10.6% in the second quarter. QRG Capital Management Inc. now owns 3,206 shares of the specialty chemicals company's stock worth $305,000 after purchasing an additional 306 shares in the last quarter. SG Americas Securities LLC lifted its stake in International Flavors & Fragrances by 54.5% in the second quarter. SG Americas Securities LLC now owns 52,568 shares of the specialty chemicals company's stock valued at $5,005,000 after buying an additional 18,552 shares during the period. Finally, Czech National Bank grew its position in shares of International Flavors & Fragrances by 8.3% during the 2nd quarter. Czech National Bank now owns 48,659 shares of the specialty chemicals company's stock worth $4,633,000 after buying an additional 3,743 shares during the period. 96.02% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

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 transaction of $458,750.00. Following the completion of the transaction, 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 filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.20% of the stock is owned by corporate insiders.

International Flavors & Fragrances Stock Performance

Shares of IFF stock traded down $0.08 during trading hours on Friday, hitting $88.92. 992,336 shares of the company were exchanged, compared to its average volume of 1,681,603. International Flavors & Fragrances Inc. has a 52-week low of $72.94 and a 52-week high of $106.77. The company has a current ratio of 2.62, a quick ratio of 1.93 and a debt-to-equity ratio of 0.58. The firm has a fifty day simple moving average of $96.62 and a 200 day simple moving average of $97.86. The stock has a market capitalization of $22.74 billion, a price-to-earnings ratio of -9.78, a P/E/G ratio of 1.58 and a beta of 1.17.

International Flavors & Fragrances (NYSE:IFF - Get Free Report) last issued its quarterly earnings results on Tuesday, November 5th. The specialty chemicals company reported $0.62 EPS for the quarter, missing analysts' consensus estimates of $1.08 by ($0.46). The firm had revenue of $2.93 billion for 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 firm's quarterly revenue was up 3.7% on a year-over-year basis. During the same period in the prior year, the company earned $0.89 EPS. Research analysts predict that International Flavors & Fragrances Inc. will post 4.16 earnings per share for the current fiscal year.

International Flavors & Fragrances Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 8th. Investors of record on Friday, December 20th will be paid a dividend of $0.40 per share. The ex-dividend date of this dividend 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 payout ratio is -17.60%.

Wall Street Analysts Forecast Growth

IFF has been the topic of several research reports. JPMorgan Chase & Co. dropped their price objective on shares of International Flavors & Fragrances from $110.00 to $107.00 and set an "overweight" rating on the stock in a report on Thursday, November 7th. Morgan Stanley raised International Flavors & Fragrances from an "equal weight" rating to an "overweight" rating and dropped their price target for the stock from $111.00 to $110.00 in a research note on Tuesday, November 12th. Bank of America raised International Flavors & Fragrances from a "neutral" rating to a "buy" rating and set a $107.00 price objective for the company in a research note on Friday, November 8th. Stifel Nicolaus upped their target price on 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, Oppenheimer lifted their price target on shares of International Flavors & Fragrances from $116.00 to $117.00 and gave the company an "outperform" rating in a research report on Wednesday, September 11th. 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. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price 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.