22,581 Shares in International Flavors & Fragrances Inc. (NYSE:IFF) Acquired by Soros Fund Management LLC

Soros Fund Management LLC purchased a new stake in International Flavors & Fragrances Inc. (NYSE:IFF) in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 22,581 shares of the specialty chemicals company’s stock, valued at approximately $2,369,000.

Several other hedge funds also recently made changes to their positions in the company. Sumitomo Mitsui Trust Group Inc. grew its holdings in International Flavors & Fragrances by 1.2% in the third quarter. Sumitomo Mitsui Trust Group Inc. now owns 615,006 shares of the specialty chemicals company’s stock valued at $64,533,000 after purchasing an additional 7,553 shares during the last quarter. Kimelman & Baird LLC acquired a new position in shares of International Flavors & Fragrances during the second quarter worth $868,000. GM Advisory Group LLC acquired a new stake in shares of International Flavors & Fragrances during the second quarter valued at about $686,000. Cetera Investment Advisers boosted its stake in shares of International Flavors & Fragrances by 69.5% during the 1st quarter. Cetera Investment Advisers now owns 56,751 shares of the specialty chemicals company’s stock valued at $4,880,000 after buying an additional 23,278 shares during the last quarter. Finally, Cetera Advisors LLC acquired a new position in International Flavors & Fragrances during the 1st quarter worth $693,000. Hedge funds and other institutional investors own 96.02% of the company’s stock.

Insider Buying and Selling

In other news, insider Yuvraj Arora sold 5,000 shares of the 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 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 Securities & Exchange Commission, which is available through this link. 0.20% of the stock is owned by corporate insiders.

International Flavors & Fragrances Stock Performance

NYSE IFF opened at $89.02 on Friday. The firm has a 50-day moving average price of $97.26 and a two-hundred day moving average price of $97.99. International Flavors & Fragrances Inc. has a 12-month low of $72.94 and a 12-month high of $106.77. The company has a market capitalization of $22.76 billion, a P/E ratio of -9.79, a P/E/G ratio of 1.59 and a beta of 1.17. 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 (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 the consensus estimate 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 company’s revenue for the quarter was up 3.7% compared to the same quarter last year. During the same period in the prior year, the company earned $0.89 EPS. Analysts anticipate that International Flavors & Fragrances Inc. will post 4.16 earnings per share for the current year.

International Flavors & Fragrances Announces Dividend

The firm also recently declared 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. This represents a $1.60 annualized dividend and a dividend yield of 1.80%. The ex-dividend date is Friday, December 20th. International Flavors & Fragrances’s payout ratio is currently -17.60%.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on IFF shares. Wells Fargo & Company upped their target price on International Flavors & Fragrances from $110.00 to $115.00 and gave the company an “overweight” rating in a report on Thursday, August 8th. Stifel Nicolaus boosted their target price on shares of International Flavors & Fragrances from $115.00 to $121.00 and gave the company a “buy” rating in a research note on Thursday, October 24th. Mizuho raised International Flavors & Fragrances from a “neutral” rating to an “outperform” rating and increased their price objective for the stock from $109.00 to $120.00 in a research note on Tuesday, September 3rd. UBS Group upped their target price on International Flavors & Fragrances from $108.00 to $111.00 and gave the stock a “neutral” rating in a research report on Wednesday, November 6th. Finally, Oppenheimer lifted their price objective on International Flavors & Fragrances from $116.00 to $117.00 and gave the company an “outperform” rating in a report on Wednesday, September 11th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and twelve have issued a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price 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.