Point72 Hong Kong Ltd Takes $42,000 Position in International Flavors & Fragrances Inc. (NYSE:IFF)

Point72 Hong Kong Ltd acquired a new stake in shares of International Flavors & Fragrances Inc. (NYSE:IFF) during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 400 shares of the specialty chemicals company’s stock, valued at approximately $42,000.

Several other large investors have also recently added to or reduced their stakes in the stock. Northwest Investment Counselors LLC acquired a new stake in shares of International Flavors & Fragrances during the 3rd quarter valued at $27,000. Family Firm Inc. acquired a new stake in International Flavors & Fragrances during the second quarter valued at $38,000. Oakworth Capital Inc. acquired a new position in International Flavors & Fragrances in the 3rd quarter worth about $44,000. Eastern Bank purchased a new stake in shares of International Flavors & Fragrances during the 3rd quarter worth about $46,000. Finally, MCF Advisors LLC lifted its holdings in shares of International Flavors & Fragrances by 1,856.0% during the 2nd quarter. MCF Advisors LLC now owns 489 shares of the specialty chemicals company’s stock valued at $47,000 after buying an additional 464 shares during the last quarter. Institutional investors and hedge funds own 96.02% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts recently weighed in on the stock. Vertical Research raised shares of International Flavors & Fragrances from a “hold” rating to a “buy” rating and set a $109.00 price objective on the stock in a research report on Thursday, November 7th. Bank of America raised 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 research report on Friday, November 8th. UBS Group raised their target price on shares of International Flavors & Fragrances from $108.00 to $111.00 and gave the company a “neutral” rating in a research note on Wednesday, November 6th. Barclays lifted their target price on shares of International Flavors & Fragrances from $93.00 to $99.00 and gave the stock an “equal weight” rating in a report on Friday, October 11th. Finally, Mizuho upgraded International Flavors & Fragrances from a “neutral” rating to an “outperform” rating and lifted their price objective for the stock from $109.00 to $120.00 in a research note on Tuesday, September 3rd. One investment 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 MarketBeat.com, International Flavors & Fragrances has a consensus rating of “Moderate Buy” and a consensus target price of $111.00.

Insider Buying and Selling at International Flavors & Fragrances

In related news, insider Yuvraj Arora sold 5,000 shares of the stock in a transaction that occurred 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 transaction, the insider now directly owns 3,238 shares in the company, valued at $297,086.50. This represents a 60.69 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Corporate insiders own 0.09% of the company’s stock.

International Flavors & Fragrances Stock Down 1.2 %

Shares of NYSE IFF opened at $90.16 on Wednesday. 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 business has a fifty day simple moving average of $97.84 and a 200 day simple moving average of $98.12. International Flavors & Fragrances Inc. has a one year low of $72.94 and a one year high of $106.77.

International Flavors & Fragrances (NYSE:IFF) last posted 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). The business had revenue of $2.93 billion during 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 revenue for the quarter was up 3.7% on a year-over-year basis. During the same period last year, the company earned $0.89 EPS. As a group, equities research analysts expect that International Flavors & Fragrances Inc. will post 4.16 earnings per share for the current fiscal year.

International Flavors & Fragrances Announces Dividend

The company also recently disclosed 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 1.77%. The ex-dividend date of this dividend is Friday, December 20th. International Flavors & Fragrances’s payout ratio is -17.60%.

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.