Private Management Group Inc. Sells 7,193 Shares of International Flavors & Fragrances Inc. (NYSE:IFF)

Private Management Group Inc. lessened its position in shares of International Flavors & Fragrances Inc. (NYSE:IFF) by 9.3% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 70,174 shares of the specialty chemicals company’s stock after selling 7,193 shares during the period. Private Management Group Inc.’s holdings in International Flavors & Fragrances were worth $7,363,000 at the end of the most recent quarter.

A number of other institutional investors also recently made changes to their positions in the company. First Pacific Advisors LP boosted its holdings in shares of International Flavors & Fragrances by 2.0% during the second quarter. First Pacific Advisors LP now owns 4,011,307 shares of the specialty chemicals company’s stock worth $381,917,000 after acquiring an additional 80,558 shares during the period. Price T Rowe Associates Inc. MD raised its position in International Flavors & Fragrances by 9.4% during 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 purchasing an additional 162,179 shares in the last quarter. Dimensional Fund Advisors LP increased its holdings in shares of International Flavors & Fragrances by 7.6% during the second quarter. Dimensional Fund Advisors LP now owns 1,756,438 shares of the specialty chemicals company’s stock worth $167,244,000 after buying an additional 123,693 shares in the last quarter. Albar Capital Ltd increased its holdings in shares of International Flavors & Fragrances by 73.5% during the second quarter. Albar Capital Ltd now owns 1,146,234 shares of the specialty chemicals company’s stock worth $109,133,000 after buying an additional 485,433 shares in the last quarter. Finally, Ilex Capital Partners UK LLP increased its holdings in shares of International Flavors & Fragrances by 344.5% during the first quarter. Ilex Capital Partners UK LLP now owns 847,504 shares of the specialty chemicals company’s stock worth $72,877,000 after buying an additional 656,820 shares in the last quarter. Institutional investors own 96.02% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on IFF. Mizuho upgraded shares of International Flavors & Fragrances from a “neutral” rating to an “outperform” rating and upped their price target for the stock from $109.00 to $120.00 in a report on Tuesday, September 3rd. Stifel Nicolaus boosted their price objective on shares of International Flavors & Fragrances from $115.00 to $121.00 and gave the stock a “buy” rating in a research note on Thursday, October 24th. JPMorgan Chase & Co. boosted their price objective on shares of International Flavors & Fragrances from $102.00 to $110.00 and gave the stock an “overweight” rating in a research note on Friday, September 6th. Citigroup boosted their price objective on shares of International Flavors & Fragrances from $108.00 to $116.00 and gave the stock a “buy” rating in a research note on Friday, July 12th. Finally, 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 report on Wednesday, September 11th. One analyst has rated the stock with a sell rating, six have given a hold rating and nine have given a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $107.86.

International Flavors & Fragrances Trading Down 0.5 %

NYSE:IFF traded down $0.50 during trading hours on Friday, reaching $98.93. The company’s stock had a trading volume of 1,161,992 shares, compared to its average volume of 1,648,816. The firm has a market capitalization of $25.29 billion, a price-to-earnings ratio of -10.73, a PEG ratio of 1.80 and a beta of 1.22. The firm has a 50-day simple moving average of $103.00 and a 200-day simple moving average of $97.74. International Flavors & Fragrances Inc. has a 1 year low of $68.45 and a 1 year high of $106.77. The company has a debt-to-equity ratio of 0.60, a quick ratio of 1.75 and a current ratio of 2.38.

International Flavors & Fragrances (NYSE:IFF) last announced its quarterly earnings results on Tuesday, August 6th. The specialty chemicals company reported $1.16 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.01 by $0.15. The business had revenue of $2.89 billion for the quarter, compared to analyst estimates of $2.83 billion. International Flavors & Fragrances had a negative net margin of 20.82% and a positive return on equity of 6.63%. The company’s revenue was down 1.4% on a year-over-year basis. During the same quarter last year, the firm earned $0.86 EPS. Research analysts expect that International Flavors & Fragrances Inc. will post 4.24 EPS for the current fiscal year.

International Flavors & Fragrances Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, January 8th. Stockholders of record on Friday, December 20th will be paid a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.62%. The ex-dividend date of this dividend is Friday, December 20th. International Flavors & Fragrances’s payout ratio is -17.35%.

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.