International Flavors & Fragrances Inc. (NYSE:IFF) Shares Sold by Freedom Investment Management Inc.

Freedom Investment Management Inc. trimmed its stake in International Flavors & Fragrances Inc. (NYSE:IFF) by 3.1% during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 3,965 shares of the specialty chemicals company’s stock after selling 126 shares during the quarter. Freedom Investment Management Inc.’s holdings in International Flavors & Fragrances were worth $416,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently modified their holdings of the company. Burney Co. acquired a new stake in International Flavors & Fragrances during the 1st quarter worth about $202,000. Cetera Investment Advisers lifted its position in shares of International Flavors & Fragrances by 69.5% in the 1st quarter. Cetera Investment Advisers now owns 56,751 shares of the specialty chemicals company’s stock valued at $4,880,000 after acquiring an additional 23,278 shares in the last quarter. Cetera Advisors LLC acquired a new position in International Flavors & Fragrances in the 1st quarter worth approximately $693,000. DekaBank Deutsche Girozentrale grew its position in International Flavors & Fragrances by 7.1% during the 1st quarter. DekaBank Deutsche Girozentrale now owns 63,004 shares of the specialty chemicals company’s stock worth $5,370,000 after purchasing an additional 4,189 shares in the last quarter. Finally, GAMMA Investing LLC raised its stake in International Flavors & Fragrances by 129.3% during the 2nd quarter. GAMMA Investing LLC now owns 6,948 shares of the specialty chemicals company’s stock valued at $662,000 after purchasing an additional 3,918 shares during the period. 96.02% of the stock is owned by institutional investors and hedge funds.

International Flavors & Fragrances Stock Performance

IFF opened at $91.36 on Friday. The stock has a 50-day moving average of $98.08 and a 200-day moving average of $98.15. The company has a debt-to-equity ratio of 0.58, a quick ratio of 1.93 and a current ratio of 2.62. International Flavors & Fragrances Inc. has a 52-week low of $72.94 and a 52-week high of $106.77. The company has a market cap of $23.36 billion, a PE ratio of -10.05, a price-to-earnings-growth ratio of 1.60 and a beta of 1.22.

International Flavors & Fragrances (NYSE:IFF) last announced its quarterly earnings results on Tuesday, November 5th. The specialty chemicals company reported $0.62 EPS for the quarter, missing the consensus estimate of $1.08 by ($0.46). International Flavors & Fragrances had a negative net margin of 20.33% and a positive return on equity of 7.16%. The company had revenue of $2.93 billion for the quarter, compared to analyst estimates of $2.83 billion. During the same quarter last year, the business earned $0.89 EPS. The company’s revenue for the quarter was up 3.7% on a year-over-year basis. As a group, equities research analysts forecast that International Flavors & Fragrances Inc. will post 4.16 earnings per share for the current fiscal year.

International Flavors & Fragrances Dividend Announcement

The firm also recently declared 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. This represents a $1.60 annualized dividend and a dividend yield of 1.75%. The ex-dividend date is Friday, December 20th. International Flavors & Fragrances’s dividend payout ratio is currently -17.60%.

Analyst Ratings Changes

IFF has been the topic of a number of research analyst reports. Barclays lifted their price target on International Flavors & Fragrances from $93.00 to $99.00 and gave the company an “equal weight” rating in a report on Friday, October 11th. JPMorgan Chase & Co. lowered their target price on International Flavors & Fragrances from $110.00 to $107.00 and set an “overweight” rating on the stock in a research note on Thursday, November 7th. Stifel Nicolaus increased 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. UBS Group boosted their price objective on shares of International Flavors & Fragrances from $108.00 to $111.00 and gave the company a “neutral” rating in a research report on Wednesday, November 6th. Finally, Oppenheimer increased their target price on shares of International Flavors & Fragrances from $116.00 to $117.00 and gave the stock an “outperform” rating in a research report on Wednesday, September 11th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and twelve have issued a buy rating to the company. According to data from MarketBeat.com, International Flavors & Fragrances has a consensus rating of “Moderate Buy” and a consensus price target of $111.00.

Insider Transactions at International Flavors & Fragrances

In other news, insider Yuvraj Arora sold 5,000 shares of the firm’s stock in a transaction on Monday, November 11th. The shares were sold at an average price of $91.75, for a total value of $458,750.00. Following the sale, the insider now owns 3,238 shares in the company, valued at approximately $297,086.50. This trade represents a 60.69 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 0.20% of the stock is currently owned by corporate insiders.

International Flavors & Fragrances Company 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.