Rovin Capital UT ADV Reduces Stock Holdings in International Flavors & Fragrances Inc. (NYSE:IFF)

Rovin Capital UT ADV cut its holdings in International Flavors & Fragrances Inc. (NYSE:IFF) by 13.7% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The fund owned 6,065 shares of the specialty chemicals company’s stock after selling 965 shares during the quarter. Rovin Capital UT ADV’s holdings in International Flavors & Fragrances were worth $513,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of IFF. Acadian Asset Management LLC acquired a new position in shares of International Flavors & Fragrances in the 2nd quarter valued at $675,000. American Century Companies Inc. raised its position in International Flavors & Fragrances by 14.1% during the 2nd quarter. American Century Companies Inc. now owns 40,507 shares of the specialty chemicals company’s stock worth $3,857,000 after buying an additional 5,008 shares during the last quarter. J.W. Cole Advisors Inc. acquired a new stake in International Flavors & Fragrances during the 2nd quarter valued at approximately $204,000. Prime Capital Investment Advisors LLC boosted its holdings in shares of International Flavors & Fragrances by 14.3% in the 2nd quarter. Prime Capital Investment Advisors LLC now owns 17,384 shares of the specialty chemicals company’s stock valued at $1,655,000 after acquiring an additional 2,174 shares during the last quarter. Finally, Dimensional Fund Advisors LP increased its stake in shares of International Flavors & Fragrances by 7.6% in the second quarter. Dimensional Fund Advisors LP now owns 1,756,438 shares of the specialty chemicals company’s stock worth $167,244,000 after acquiring an additional 123,693 shares during the period. Hedge funds and other institutional investors own 96.02% of the company’s stock.

International Flavors & Fragrances Stock Performance

NYSE IFF opened at $84.20 on Thursday. The stock has a fifty day simple moving average of $87.08 and a 200-day simple moving average of $95.66. International Flavors & Fragrances Inc. has a twelve month low of $72.94 and a twelve month high of $106.77. The company has a current ratio of 2.62, a quick ratio of 1.93 and a debt-to-equity ratio of 0.58. The stock has a market cap of $21.53 billion, a PE ratio of -9.26, a P/E/G ratio of 1.35 and a beta of 1.18.

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 analysts’ consensus estimates of $1.08 by ($0.46). The company had revenue of $2.93 billion for the quarter, compared to analysts’ expectations of $2.83 billion. International Flavors & Fragrances had a positive return on equity of 7.16% and a negative net margin of 20.33%. During the same period in the previous year, the business posted $0.89 EPS. The business’s revenue for the quarter was up 3.7% on a year-over-year basis. Equities analysts anticipate that International Flavors & Fragrances Inc. will post 4.16 earnings per share for the current year.

International Flavors & Fragrances Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, January 8th. Investors of record on Friday, December 20th were issued a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a yield of 1.90%. The ex-dividend date was Friday, December 20th. International Flavors & Fragrances’s dividend payout ratio (DPR) is -17.60%.

Analyst Ratings Changes

IFF has been the subject of a number of research reports. UBS Group boosted 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 report on Wednesday, November 6th. Bank of America raised International Flavors & Fragrances from a “neutral” rating to a “buy” rating and set a $107.00 price objective for the company in a report on Friday, November 8th. Argus raised International Flavors & Fragrances from a “hold” rating to a “buy” rating in a report on Tuesday, January 7th. Vertical Research upgraded International Flavors & Fragrances from a “hold” rating to a “buy” rating and set a $109.00 price target for the company in a research note on Thursday, November 7th. Finally, Barclays boosted 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 research note on Friday, October 11th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and twelve have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $110.08.

Insider Transactions at International Flavors & Fragrances

In other news, insider Yuvraj Arora sold 5,000 shares of the company’s stock in a transaction on Monday, November 11th. The stock was sold at an average price of $91.75, for a total transaction of $458,750.00. Following the sale, the insider now owns 3,238 shares of the company’s stock, valued at approximately $297,086.50. This represents a 60.69 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 0.09% of the company’s stock.

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.