International Flavors & Fragrances Inc. (NYSE:IFF) Shares Acquired by Verition Fund Management LLC

Verition Fund Management LLC boosted its holdings in shares of International Flavors & Fragrances Inc. (NYSE:IFF - Free Report) by 26.9% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 116,794 shares of the specialty chemicals company's stock after purchasing an additional 24,747 shares during the period. Verition Fund Management LLC's holdings in International Flavors & Fragrances were worth $12,255,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Northwest Investment Counselors LLC purchased a new stake in shares of International Flavors & Fragrances in the third quarter worth about $27,000. Family Firm Inc. acquired a new stake in shares of International Flavors & Fragrances during the 2nd quarter worth approximately $38,000. Oakworth Capital Inc. purchased a new position in shares of International Flavors & Fragrances during the 3rd quarter valued at approximately $44,000. Eastern Bank acquired a new position in shares of International Flavors & Fragrances in the 3rd quarter valued at $46,000. Finally, Ashton Thomas Securities LLC purchased a new stake in International Flavors & Fragrances during the third quarter worth $48,000. 96.02% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In related news, insider Yuvraj Arora sold 5,000 shares of the firm'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 sale, the insider now directly owns 3,238 shares of the company's stock, valued at approximately $297,086.50. This trade represents a 60.69 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed 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 analyst reports. Bank of America upgraded shares of International Flavors & Fragrances from a "neutral" rating to a "buy" rating and set a $107.00 price objective for the company in a research report on Friday, November 8th. JPMorgan Chase & Co. lowered their price target on International Flavors & Fragrances from $110.00 to $107.00 and set an "overweight" rating on the stock in a research report on Thursday, November 7th. Mizuho upgraded International Flavors & Fragrances from a "neutral" rating to an "outperform" rating and boosted their price objective for the company from $109.00 to $120.00 in a research report on Tuesday, September 3rd. Stifel Nicolaus increased their target price on International Flavors & Fragrances from $115.00 to $121.00 and gave the company a "buy" rating in a research report on Thursday, October 24th. Finally, Barclays boosted their price target on shares of International Flavors & Fragrances from $93.00 to $99.00 and gave the stock an "equal weight" rating in a report on Friday, October 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, International Flavors & Fragrances currently has an average rating of "Moderate Buy" and a consensus target price of $111.00.

International Flavors & Fragrances Price Performance

Shares of IFF stock traded up $0.54 during trading hours on Friday, reaching $91.36. The company had a trading volume of 806,480 shares, compared to its average volume of 1,872,291. International Flavors & Fragrances Inc. has a 12-month low of $72.94 and a 12-month high of $106.77. The company has a market capitalization of $23.36 billion, a price-to-earnings ratio of -10.05, a PEG ratio of 1.61 and a beta of 1.22. The company has a debt-to-equity ratio of 0.58, a quick ratio of 1.93 and a current ratio of 2.62. The stock has a fifty day moving average of $98.08 and a 200-day moving average of $98.16.

International Flavors & Fragrances (NYSE:IFF - Get Free Report) last issued its earnings results on Tuesday, November 5th. The specialty chemicals company reported $0.62 earnings per share (EPS) for the quarter, missing analysts' consensus estimates 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 company had revenue of $2.93 billion during the quarter, compared to analyst estimates of $2.83 billion. During the same period last year, the business earned $0.89 earnings per share. The firm's revenue was up 3.7% compared to the same quarter last year. On average, equities analysts anticipate that International Flavors & Fragrances Inc. will post 4.16 earnings per share for the current year.

International Flavors & Fragrances Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, January 8th. Stockholders of record on Friday, December 20th will be paid a $0.40 dividend. The ex-dividend date is Friday, December 20th. This represents a $1.60 annualized dividend and a dividend yield of 1.75%. International Flavors & Fragrances's dividend payout ratio (DPR) is -17.60%.

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.