Concentric Capital Strategies LP Has $1.67 Million Stock Holdings in International Flavors & Fragrances Inc. (NYSE:IFF)

Concentric Capital Strategies LP reduced its holdings in shares of International Flavors & Fragrances Inc. (NYSE:IFF) by 75.7% during the 3rd quarter, Holdings Channel.com reports. The fund owned 15,885 shares of the specialty chemicals company’s stock after selling 49,489 shares during the period. Concentric Capital Strategies LP’s holdings in International Flavors & Fragrances were worth $1,667,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the business. Northwest Investment Counselors LLC acquired a new stake in International Flavors & Fragrances during the third quarter valued at approximately $27,000. Family Firm Inc. acquired a new stake in International Flavors & Fragrances in the 2nd quarter valued at $38,000. Point72 Hong Kong Ltd acquired a new stake in International Flavors & Fragrances in the 3rd quarter valued at $42,000. Oakworth Capital Inc. bought a new stake in International Flavors & Fragrances in the third quarter valued at $44,000. Finally, Eastern Bank acquired a new position in International Flavors & Fragrances during the third quarter worth $46,000. 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 company’s stock in a transaction dated 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 sale, 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 sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Corporate insiders own 0.09% of the company’s stock.

International Flavors & Fragrances Stock Performance

Shares of IFF opened at $91.27 on Tuesday. The stock’s fifty day simple moving average is $98.08 and its 200-day simple moving average is $98.17. The company has a quick ratio of 1.93, a current ratio of 2.62 and a debt-to-equity ratio of 0.58. International Flavors & Fragrances Inc. has a 12-month low of $72.94 and a 12-month high of $106.77.

International Flavors & Fragrances (NYSE:IFF) last issued its earnings results 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). International Flavors & Fragrances had a negative net margin of 20.33% and a positive return on equity of 7.16%. The business had revenue of $2.93 billion during the quarter, compared to the consensus estimate of $2.83 billion. During the same period last year, the business posted $0.89 EPS. The firm’s revenue for the quarter was up 3.7% compared to the same quarter last year. Research analysts predict 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 announced a quarterly dividend, which will be paid on Wednesday, January 8th. Shareholders of record on Friday, December 20th will be issued a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a yield of 1.75%. The ex-dividend date is Friday, December 20th. International Flavors & Fragrances’s dividend payout ratio is presently -17.60%.

Analyst Upgrades and Downgrades

IFF has been the topic of several recent analyst reports. Barclays boosted their target price on shares of International Flavors & Fragrances from $93.00 to $99.00 and gave the company an “equal weight” rating in a research note on Friday, October 11th. Oppenheimer upped 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 note on Wednesday, September 11th. Vertical Research upgraded shares of International Flavors & Fragrances from a “hold” rating to a “buy” rating and set a $109.00 target price for the company in a research note on Thursday, November 7th. Mizuho upgraded International Flavors & Fragrances from a “neutral” rating to an “outperform” rating and increased their price target for the stock from $109.00 to $120.00 in a research report on Tuesday, September 3rd. Finally, Stifel Nicolaus lifted their price objective on International Flavors & Fragrances from $115.00 to $121.00 and gave the company a “buy” rating in a research report on Thursday, October 24th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and twelve have given a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $111.00.

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.