International Flavors & Fragrances Inc. (NYSE:IFF) Shares Sold by Impax Asset Management Group plc

Impax Asset Management Group plc lessened its position in shares of International Flavors & Fragrances Inc. (NYSE:IFF) by 92.5% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 55,194 shares of the specialty chemicals company’s stock after selling 679,741 shares during the period. Impax Asset Management Group plc’s holdings in International Flavors & Fragrances were worth $5,792,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in IFF. Ilex Capital Partners UK LLP grew 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 worth $72,877,000 after acquiring an additional 656,820 shares in the last quarter. Albar Capital Ltd grew its holdings in International Flavors & Fragrances by 73.5% during the 2nd quarter. Albar Capital Ltd now owns 1,146,234 shares of the specialty chemicals company’s stock worth $109,133,000 after acquiring an additional 485,433 shares in the last quarter. Robeco Institutional Asset Management B.V. grew its holdings in International Flavors & Fragrances by 70.9% during the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 708,081 shares of the specialty chemicals company’s stock worth $74,299,000 after acquiring an additional 293,760 shares in the last quarter. Swedbank AB acquired a new position in International Flavors & Fragrances during the 1st quarter worth approximately $19,945,000. Finally, Smith Group Asset Management LLC acquired a new position in International Flavors & Fragrances during the 3rd quarter worth approximately $22,399,000. Institutional investors and hedge funds own 96.02% of the company’s stock.

International Flavors & Fragrances Stock Performance

Shares of IFF opened at $86.18 on Friday. 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 market capitalization of $22.03 billion, a P/E ratio of -9.48, a P/E/G ratio of 1.58 and a beta of 1.22. The company’s fifty day moving average is $100.76 and its two-hundred day moving average is $98.24. International Flavors & Fragrances Inc. has a 1 year low of $72.89 and a 1 year high of $106.77.

International Flavors & Fragrances (NYSE:IFF) last announced its quarterly earnings data on Tuesday, November 5th. The specialty chemicals company reported $0.62 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.08 by ($0.46). The firm had revenue of $2.93 billion during the quarter, compared to analyst estimates 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 business’s quarterly revenue was up 3.7% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.89 earnings per share. On average, sell-side analysts predict that International Flavors & Fragrances Inc. will post 4.17 earnings per share for the current year.

International Flavors & Fragrances Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 8th. Shareholders 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 yield of 1.86%. International Flavors & Fragrances’s dividend payout ratio is currently -17.60%.

Insider Buying and Selling at International Flavors & Fragrances

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

Wall Street Analysts Forecast Growth

IFF has been the subject of several analyst reports. Vertical Research upgraded shares of International Flavors & Fragrances from a “hold” rating to a “buy” rating and set a $109.00 price target for the company in a report on Thursday, November 7th. Morgan Stanley upgraded shares of International Flavors & Fragrances from an “equal weight” rating to an “overweight” rating and reduced their price objective for the stock from $111.00 to $110.00 in a research report on Tuesday. UBS Group boosted their price objective on shares of International Flavors & Fragrances from $108.00 to $111.00 and gave the stock a “neutral” rating in a research report on Wednesday, November 6th. Oppenheimer boosted their price objective 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. Finally, Barclays boosted their price objective on shares of International Flavors & Fragrances from $93.00 to $99.00 and gave the stock an “equal weight” rating in a research report on Friday, October 11th. One equities 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 company’s stock. Based on data from MarketBeat, International Flavors & Fragrances presently has a consensus rating of “Moderate Buy” and a consensus price target of $109.27.

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.