Mirabella Financial Services LLP Has $3.52 Million Stake in International Flavors & Fragrances Inc. (NYSE:IFF)

Mirabella Financial Services LLP increased its stake in shares of International Flavors & Fragrances Inc. (NYSE:IFF) by 1.0% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 33,540 shares of the specialty chemicals company’s stock after buying an additional 333 shares during the quarter. Mirabella Financial Services LLP’s holdings in International Flavors & Fragrances were worth $3,519,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also bought and sold shares of IFF. Ilex Capital Partners UK LLP increased its stake in International Flavors & Fragrances by 344.5% in 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 buying an additional 656,820 shares during the last quarter. Albar Capital Ltd boosted its position in International Flavors & Fragrances by 73.5% in the second quarter. Albar Capital Ltd now owns 1,146,234 shares of the specialty chemicals company’s stock worth $109,133,000 after purchasing an additional 485,433 shares during the last quarter. Robeco Institutional Asset Management B.V. grew its stake in International Flavors & Fragrances by 70.9% in the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 708,081 shares of the specialty chemicals company’s stock valued at $74,299,000 after purchasing an additional 293,760 shares during the period. Swedbank AB bought a new stake in shares of International Flavors & Fragrances during the 1st quarter worth $19,945,000. Finally, Smith Group Asset Management LLC purchased a new position in shares of International Flavors & Fragrances in the 3rd quarter worth about $22,399,000. 96.02% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several analysts have commented on IFF shares. Stifel Nicolaus lifted 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 report on Thursday, October 24th. Mizuho raised shares of International Flavors & Fragrances from a “neutral” rating to an “outperform” rating and lifted their price target for the stock from $109.00 to $120.00 in a report on Tuesday, September 3rd. Bank of America raised International Flavors & Fragrances from a “neutral” rating to a “buy” rating and set a $107.00 target price for the company in a research report on Friday, November 8th. JPMorgan Chase & Co. dropped their price target on International Flavors & Fragrances from $110.00 to $107.00 and set an “overweight” rating on the stock in a research report on Thursday, November 7th. Finally, Wells Fargo & Company lifted their price objective on International Flavors & Fragrances from $110.00 to $115.00 and gave the stock an “overweight” rating in a report on Thursday, August 8th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and twelve have issued a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $109.27.

International Flavors & Fragrances Stock Up 1.1 %

IFF opened at $90.81 on Monday. 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 simple moving average is $99.33 and its 200 day simple moving average is $98.37. International Flavors & Fragrances Inc. has a 1 year low of $72.94 and a 1 year high of $106.77.

International Flavors & Fragrances (NYSE:IFF) last posted its quarterly earnings results on Tuesday, November 5th. The specialty chemicals company reported $0.62 EPS for the quarter, missing analysts’ consensus estimates 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 firm had revenue of $2.93 billion for the quarter, compared to the consensus estimate of $2.83 billion. During the same quarter in the prior year, the company earned $0.89 earnings per share. The company’s quarterly revenue was up 3.7% compared to the same quarter last year. As a group, sell-side analysts anticipate that International Flavors & Fragrances Inc. will post 4.16 EPS for the current fiscal year.

International Flavors & Fragrances Announces Dividend

The firm 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. The ex-dividend date is Friday, December 20th. This represents a $1.60 annualized dividend and a dividend yield of 1.76%. International Flavors & Fragrances’s dividend payout ratio (DPR) is presently -17.60%.

Insider Buying and Selling

In related news, insider Yuvraj Arora sold 5,000 shares of the business’s stock in a transaction dated 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 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 sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.09% of the stock is currently owned by 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.