Maverick Capital Ltd. Buys 643 Shares of International Flavors & Fragrances Inc. (NYSE:IFF)

Maverick Capital Ltd. grew its position in International Flavors & Fragrances Inc. (NYSE:IFF) by 6.1% during the third quarter, HoldingsChannel reports. The firm owned 11,242 shares of the specialty chemicals company’s stock after buying an additional 643 shares during the quarter. Maverick Capital Ltd.’s holdings in International Flavors & Fragrances were worth $1,180,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also modified their holdings of IFF. Pictet North America Advisors SA raised its holdings in International Flavors & Fragrances by 3.1% in the 3rd quarter. Pictet North America Advisors SA now owns 3,275 shares of the specialty chemicals company’s stock worth $344,000 after acquiring an additional 99 shares during the period. Integrated Advisors Network LLC increased its stake in shares of International Flavors & Fragrances by 1.9% in the third quarter. Integrated Advisors Network LLC now owns 5,720 shares of the specialty chemicals company’s stock worth $600,000 after purchasing an additional 107 shares during the period. CWM LLC boosted its stake in International Flavors & Fragrances by 1.7% during the 3rd quarter. CWM LLC now owns 6,540 shares of the specialty chemicals company’s stock valued at $686,000 after purchasing an additional 109 shares during the period. Summit Trail Advisors LLC grew its holdings in International Flavors & Fragrances by 5.0% in the 2nd quarter. Summit Trail Advisors LLC now owns 2,471 shares of the specialty chemicals company’s stock valued at $236,000 after buying an additional 117 shares during the last quarter. Finally, Orca Investment Management LLC increased its position in International Flavors & Fragrances by 0.6% in the 3rd quarter. Orca Investment Management LLC now owns 21,266 shares of the specialty chemicals company’s stock worth $2,231,000 after buying an additional 122 shares during the period. 96.02% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other International Flavors & Fragrances news, insider Yuvraj Arora sold 5,000 shares of the firm’s stock in a transaction dated Monday, November 11th. The shares were 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 owns 3,238 shares in the company, valued at approximately $297,086.50. This trade represents a 60.69 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 0.20% of the stock is currently owned by corporate insiders.

International Flavors & Fragrances Trading Up 0.6 %

Shares of International Flavors & Fragrances stock opened at $91.36 on Friday. International Flavors & Fragrances Inc. has a 12-month low of $72.94 and a 12-month high of $106.77. The company has a 50-day simple moving average of $98.08 and a 200 day simple moving average of $98.15. The company has a current ratio of 2.62, a quick ratio of 1.93 and a debt-to-equity ratio of 0.58.

International Flavors & Fragrances (NYSE:IFF) last posted its quarterly earnings data on Tuesday, November 5th. The specialty chemicals company reported $0.62 earnings per share for the quarter, missing the consensus estimate of $1.08 by ($0.46). The firm had revenue of $2.93 billion for the quarter, compared to analyst estimates of $2.83 billion. International Flavors & Fragrances had a positive return on equity of 7.16% and a negative net margin of 20.33%. The business’s quarterly revenue was up 3.7% on a year-over-year basis. During the same period in the previous year, the business posted $0.89 EPS. 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 firm also recently announced a quarterly dividend, which will be paid on Wednesday, January 8th. Stockholders of record on Friday, December 20th will be issued a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a dividend yield of 1.75%. The ex-dividend date of this dividend is Friday, December 20th. International Flavors & Fragrances’s payout ratio is presently -17.60%.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on IFF shares. Oppenheimer raised 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. JPMorgan Chase & Co. decreased their price target on shares of 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. Barclays upped their price objective on shares of International Flavors & Fragrances from $93.00 to $99.00 and gave the company an “equal weight” rating in a research report on Friday, October 11th. UBS Group boosted their price target on International Flavors & Fragrances from $108.00 to $111.00 and gave the company a “neutral” rating in a research note on Wednesday, November 6th. Finally, Bank of America upgraded International Flavors & Fragrances from a “neutral” rating to a “buy” rating and set a $107.00 price objective for the company in a research report on Friday, November 8th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and twelve have given a buy rating to the company’s stock. Based on data from MarketBeat, International Flavors & Fragrances currently has a consensus rating of “Moderate Buy” and an average price target of $111.00.

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.