Victory Capital Management Inc. Buys 30,910 Shares of International Flavors & Fragrances Inc. (NYSE:IFF)

Victory Capital Management Inc. lifted its holdings in shares of International Flavors & Fragrances Inc. (NYSE:IFF - Free Report) by 37.6% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 113,019 shares of the specialty chemicals company's stock after buying an additional 30,910 shares during the period. Victory Capital Management Inc.'s holdings in International Flavors & Fragrances were worth $11,859,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. First Pacific Advisors LP lifted its stake in International Flavors & Fragrances by 2.0% in the 2nd quarter. First Pacific Advisors LP now owns 4,011,307 shares of the specialty chemicals company's stock valued at $381,917,000 after purchasing an additional 80,558 shares during the last quarter. Price T Rowe Associates Inc. MD lifted its position in shares of International Flavors & Fragrances by 9.4% in the first quarter. Price T Rowe Associates Inc. MD now owns 1,895,581 shares of the specialty chemicals company's stock valued at $163,003,000 after buying an additional 162,179 shares during the last quarter. Dimensional Fund Advisors LP increased its holdings in shares of International Flavors & Fragrances by 7.6% during the 2nd quarter. Dimensional Fund Advisors LP now owns 1,756,438 shares of the specialty chemicals company's stock worth $167,244,000 after acquiring an additional 123,693 shares during the last quarter. Albar Capital Ltd raised its stake in 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 during the period. Finally, Ilex Capital Partners UK LLP lifted its holdings in International Flavors & Fragrances by 344.5% during the 1st quarter. Ilex Capital Partners UK LLP now owns 847,504 shares of the specialty chemicals company's stock valued at $72,877,000 after purchasing an additional 656,820 shares during the last quarter. Institutional investors and hedge funds own 96.02% of the company's stock.

International Flavors & Fragrances Stock Down 0.1 %

International Flavors & Fragrances stock opened at $88.84 on Thursday. The stock's 50 day moving average is $99.85 and its 200 day moving average is $98.38. The company has a quick ratio of 1.93, a current ratio of 2.62 and a debt-to-equity ratio of 0.58. International Flavors & Fragrances Inc. has a one year low of $72.94 and a one year high of $106.77.

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 the consensus estimate of $1.08 by ($0.46). The firm had revenue of $2.93 billion for the quarter, compared to analyst estimates of $2.83 billion. International Flavors & Fragrances had a positive return on equity of 7.16% and a negative net margin of 20.33%. The company's quarterly revenue was up 3.7% compared to the same quarter last year. During the same quarter last year, the company earned $0.89 earnings per share. On average, research analysts anticipate that International Flavors & Fragrances Inc. will post 4.17 EPS for the current fiscal year.

International Flavors & Fragrances Announces Dividend

The business 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 dividend of $0.40 per share. 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 (DPR) is presently -17.60%.

Analyst Ratings Changes

Several equities analysts have recently commented on the company. Vertical Research raised International Flavors & Fragrances from a "hold" rating to a "buy" rating and set a $109.00 target price on the stock in a research report on Thursday, November 7th. Stifel Nicolaus upped their price objective on International Flavors & Fragrances from $115.00 to $121.00 and gave the company a "buy" rating in a report on Thursday, October 24th. JPMorgan Chase & Co. dropped their target price on International Flavors & Fragrances from $110.00 to $107.00 and set an "overweight" rating for the company in a report on Thursday, November 7th. Oppenheimer upped 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 note on Wednesday, September 11th. Finally, Wells Fargo & Company increased their target price on shares of International Flavors & Fragrances from $110.00 to $115.00 and gave the stock an "overweight" rating in a research report on Thursday, August 8th. One research analyst has rated the stock with a sell rating, four have given a hold rating and twelve have assigned a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $109.27.

Insider Activity at International Flavors & Fragrances

In related news, insider Yuvraj Arora sold 5,000 shares of the company's stock in a transaction 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 completion of the sale, the insider now owns 3,238 shares in the company, valued at approximately $297,086.50. This represents a 60.69 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. 0.20% of the stock is currently owned by corporate insiders.

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.