GM Advisory Group LLC Sells 168 Shares of International Flavors & Fragrances Inc. (NYSE:IFF)

GM Advisory Group LLC decreased its position in International Flavors & Fragrances Inc. (NYSE:IFF) by 2.3% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 7,032 shares of the specialty chemicals company’s stock after selling 168 shares during the quarter. GM Advisory Group LLC’s holdings in International Flavors & Fragrances were worth $738,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently bought and sold shares of IFF. Northwest Investment Counselors LLC purchased a new stake in shares of International Flavors & Fragrances during the third quarter valued at approximately $27,000. Family Firm Inc. purchased a new stake in shares of International Flavors & Fragrances during the second quarter valued at approximately $38,000. Oakworth Capital Inc. purchased a new stake in shares of International Flavors & Fragrances during the third quarter valued at approximately $44,000. Eastern Bank purchased a new stake in shares of International Flavors & Fragrances during the third quarter valued at approximately $46,000. Finally, MCF Advisors LLC boosted its stake in shares of International Flavors & Fragrances by 1,856.0% during the second quarter. MCF Advisors LLC now owns 489 shares of the specialty chemicals company’s stock valued at $47,000 after purchasing an additional 464 shares during the period. Institutional investors own 96.02% of the company’s stock.

Insider Buying and Selling at International Flavors & Fragrances

In other news, insider Yuvraj Arora sold 5,000 shares of the business’s stock in a transaction on Monday, November 11th. The stock was sold at an average price of $91.75, for a total value of $458,750.00. Following the completion of the transaction, the insider now owns 3,238 shares in the company, valued at $297,086.50. The trade was a 60.69 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 0.20% of the stock is owned by company insiders.

International Flavors & Fragrances Stock Performance

International Flavors & Fragrances stock opened at $90.81 on Friday. International Flavors & Fragrances Inc. has a twelve month low of $72.94 and a twelve month high of $106.77. 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’s 50 day moving average is $99.33 and its 200 day moving average is $98.34.

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 analysts’ consensus estimates of $1.08 by ($0.46). The company had revenue of $2.93 billion for the quarter, compared to analysts’ expectations 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 firm’s quarterly revenue was up 3.7% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.89 EPS. As a group, sell-side analysts predict that International Flavors & Fragrances Inc. will post 4.16 earnings per share 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. Shareholders 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 yield of 1.76%. The ex-dividend date of this dividend is Friday, December 20th. International Flavors & Fragrances’s payout ratio is -17.60%.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on the company. Wells Fargo & Company increased their price objective on International Flavors & Fragrances from $110.00 to $115.00 and gave the company an “overweight” rating in a research note on Thursday, August 8th. Mizuho raised International Flavors & Fragrances from a “neutral” rating to an “outperform” rating and increased their price objective for the company from $109.00 to $120.00 in a research note on Tuesday, September 3rd. Barclays raised their price target on International Flavors & Fragrances from $93.00 to $99.00 and gave the stock an “equal weight” rating in a research note on Friday, October 11th. Bank of America raised International Flavors & Fragrances from a “neutral” rating to a “buy” rating and set a $107.00 price target for the company in a research note on Friday, November 8th. Finally, JPMorgan Chase & Co. dropped their price target on International Flavors & Fragrances from $110.00 to $107.00 and set an “overweight” rating for the company in a research note on Thursday, November 7th. One research analyst has rated the stock with a sell rating, four have given a hold rating and twelve have issued a buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average 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.