Dean Investment Associates LLC Sells 2,160 Shares of International Flavors & Fragrances Inc. (NYSE:IFF)

Dean Investment Associates LLC cut its stake in shares of International Flavors & Fragrances Inc. (NYSE:IFF) by 4.5% during the third quarter, HoldingsChannel.com reports. The fund owned 46,275 shares of the specialty chemicals company’s stock after selling 2,160 shares during the quarter. Dean Investment Associates LLC’s holdings in International Flavors & Fragrances were worth $4,856,000 at the end of the most recent quarter.

A number of other hedge funds also recently added to or reduced their stakes in IFF. Cetera Advisors LLC purchased a new position in International Flavors & Fragrances during the 1st quarter worth $693,000. CWM LLC boosted its holdings in International Flavors & Fragrances by 9.1% in the second quarter. CWM LLC now owns 6,431 shares of the specialty chemicals company’s stock worth $612,000 after acquiring an additional 535 shares in the last quarter. QRG Capital Management Inc. grew its stake in shares of International Flavors & Fragrances by 10.6% during the second quarter. QRG Capital Management Inc. now owns 3,206 shares of the specialty chemicals company’s stock worth $305,000 after acquiring an additional 306 shares during the last quarter. SG Americas Securities LLC raised its position in shares of International Flavors & Fragrances by 54.5% in the 2nd quarter. SG Americas Securities LLC now owns 52,568 shares of the specialty chemicals company’s stock valued at $5,005,000 after purchasing an additional 18,552 shares during the last quarter. Finally, Czech National Bank boosted its stake in International Flavors & Fragrances by 8.3% in the 2nd quarter. Czech National Bank now owns 48,659 shares of the specialty chemicals company’s stock worth $4,633,000 after purchasing an additional 3,743 shares in the last quarter. 96.02% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In related news, insider Yuvraj Arora sold 5,000 shares of International Flavors & Fragrances stock in a transaction that occurred 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 sale, the insider now directly 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 filing with the Securities & Exchange Commission, which is available through this link. 0.20% of the stock is currently owned by insiders.

International Flavors & Fragrances Stock Performance

NYSE IFF opened at $88.92 on Friday. The stock’s fifty day moving average is $96.62 and its two-hundred day moving average is $97.86. 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 firm has a market capitalization of $22.74 billion, a P/E ratio of -9.78, a price-to-earnings-growth ratio of 1.58 and a beta of 1.17. International Flavors & Fragrances Inc. has a fifty-two week low of $72.94 and a fifty-two week high of $106.77.

International Flavors & Fragrances (NYSE:IFF) last released 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 positive return on equity of 7.16% and a negative net margin of 20.33%. The firm had revenue of $2.93 billion for the quarter, compared to analyst estimates of $2.83 billion. During the same quarter last year, the company earned $0.89 earnings per share. The firm’s revenue for the quarter was up 3.7% on a year-over-year basis. On average, research analysts anticipate that International Flavors & Fragrances Inc. will post 4.16 earnings per share for the current year.

International Flavors & Fragrances Announces Dividend

The company also recently disclosed 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 annualized dividend and a dividend yield of 1.80%. The ex-dividend date is Friday, December 20th. International Flavors & Fragrances’s payout ratio is -17.60%.

Wall Street Analyst Weigh In

A number of research firms have issued reports on IFF. UBS Group raised their price target on shares of International Flavors & Fragrances from $108.00 to $111.00 and gave the stock a “neutral” rating in a report on Wednesday, November 6th. Oppenheimer raised their target price on International Flavors & Fragrances from $116.00 to $117.00 and gave the stock an “outperform” rating in a research note on Wednesday, September 11th. Stifel Nicolaus boosted their price target on International Flavors & Fragrances from $115.00 to $121.00 and gave the company a “buy” rating in a research note on Thursday, October 24th. Barclays raised their price objective 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. Finally, Bank of America upgraded shares of International Flavors & Fragrances from a “neutral” rating to a “buy” rating and set a $107.00 price target on the stock in a report on Friday, November 8th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and twelve have assigned a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $111.00.

About International Flavors & Fragrances

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.