Insider Selling: International Flavors & Fragrances Inc. (NYSE:IFF) Insider Sells 5,000 Shares of Stock

International Flavors & Fragrances Inc. (NYSE:IFF) insider Yuvraj Arora sold 5,000 shares of the company’s stock in a transaction on 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 of the company’s stock, valued at approximately $297,086.50. This trade represents a 60.69 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

International Flavors & Fragrances Stock Down 0.5 %

IFF stock opened at $89.37 on Friday. The business’s 50-day moving average price is $101.09 and its two-hundred day moving average price is $98.23. 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 Inc. has a 1-year low of $72.89 and a 1-year 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 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 firm had revenue of $2.93 billion during the quarter, compared to analyst estimates of $2.83 billion. During the same period in the prior year, the business earned $0.89 EPS. The business’s revenue for the quarter was up 3.7% compared to the same quarter last year. On average, research analysts expect that International Flavors & Fragrances Inc. will post 4.17 earnings per share for the current year.

International Flavors & Fragrances Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, January 8th. Investors of record on Friday, December 20th will be given a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.79%. The ex-dividend date is Friday, December 20th. International Flavors & Fragrances’s dividend payout ratio is currently -17.60%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on IFF shares. Stifel Nicolaus boosted their target price on International Flavors & Fragrances from $115.00 to $121.00 and gave the stock a “buy” rating in a research report on Thursday, October 24th. Morgan Stanley raised International Flavors & Fragrances from an “equal weight” rating to an “overweight” rating and dropped their target price for the stock from $111.00 to $110.00 in a research report on Tuesday. JPMorgan Chase & Co. decreased their price target on International Flavors & Fragrances from $110.00 to $107.00 and set an “overweight” rating for the company in a research note on Thursday, November 7th. Bank of America upgraded International Flavors & Fragrances from a “neutral” rating to a “buy” rating and set a $107.00 price target for the company in a research note on Friday, November 8th. Finally, UBS Group upped their price target on International Flavors & Fragrances from $108.00 to $111.00 and gave the stock a “neutral” rating in a research note on Wednesday, November 6th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and twelve have issued a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $109.27.

Institutional Trading of International Flavors & Fragrances

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Ilex Capital Partners UK LLP increased its position in International Flavors & Fragrances by 344.5% during the first quarter. Ilex Capital Partners UK LLP now owns 847,504 shares of the specialty chemicals company’s stock worth $72,877,000 after buying an additional 656,820 shares during the last quarter. Albar Capital Ltd increased its position in International Flavors & Fragrances by 73.5% during the second quarter. Albar Capital Ltd now owns 1,146,234 shares of the specialty chemicals company’s stock worth $109,133,000 after buying an additional 485,433 shares during the last quarter. Robeco Institutional Asset Management B.V. increased its position in International Flavors & Fragrances by 70.9% during the third quarter. Robeco Institutional Asset Management B.V. now owns 708,081 shares of the specialty chemicals company’s stock worth $74,299,000 after buying an additional 293,760 shares during the last quarter. Swedbank AB acquired a new position in International Flavors & Fragrances during the first quarter worth approximately $19,945,000. Finally, Smith Group Asset Management LLC acquired a new position in International Flavors & Fragrances during the third quarter worth approximately $22,399,000. Institutional investors and hedge funds own 96.02% of the company’s stock.

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.