Tidal Investments LLC Boosts Stake in International Flavors & Fragrances Inc. (NYSE:IFF)

Tidal Investments LLC increased its stake in shares of International Flavors & Fragrances Inc. (NYSE:IFF) by 9.3% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 8,809 shares of the specialty chemicals company’s stock after buying an additional 750 shares during the quarter. Tidal Investments LLC’s holdings in International Flavors & Fragrances were worth $924,000 as of its most recent SEC filing.

Other hedge funds have also recently made changes to their positions in the company. Northwest Investment Counselors LLC acquired a new position in shares of International Flavors & Fragrances in the third quarter valued at about $27,000. Family Firm Inc. purchased a new stake in International Flavors & Fragrances in the second quarter valued at approximately $38,000. Point72 Hong Kong Ltd acquired a new position in International Flavors & Fragrances in the 3rd quarter worth approximately $42,000. Oakworth Capital Inc. purchased a new position in International Flavors & Fragrances during the 3rd quarter worth approximately $44,000. Finally, Eastern Bank acquired a new stake in International Flavors & Fragrances during the 3rd quarter valued at approximately $46,000. 96.02% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research analysts recently issued reports on the stock. Mizuho raised shares of International Flavors & Fragrances from a “neutral” rating to an “outperform” rating and raised their target price for the stock from $109.00 to $120.00 in a report on Tuesday, September 3rd. Stifel Nicolaus lifted their price objective 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. Citigroup lowered their target price on International Flavors & Fragrances from $110.00 to $105.00 and set a “buy” rating on the stock in a research note on Wednesday. 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 report on Thursday, November 7th. Finally, Bank of America raised shares of International Flavors & Fragrances from a “neutral” rating to a “buy” rating and set a $107.00 price objective on the stock in a research note on Friday, November 8th. One analyst has rated the stock with a sell rating, four have given a hold rating and twelve have given a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $110.21.

International Flavors & Fragrances Stock Down 0.2 %

IFF stock opened at $85.74 on Friday. International Flavors & Fragrances Inc. has a 52 week low of $72.94 and a 52 week high of $106.77. The company has a quick ratio of 1.93, a current ratio of 2.62 and a debt-to-equity ratio of 0.58. The firm has a 50-day simple moving average of $93.94 and a 200-day simple moving average of $97.33. The stock has a market capitalization of $21.92 billion, a P/E ratio of -9.43, a P/E/G ratio of 1.55 and a beta of 1.17.

International Flavors & Fragrances (NYSE:IFF) last posted its quarterly earnings data on Tuesday, November 5th. The specialty chemicals company reported $0.62 EPS 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 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%. International Flavors & Fragrances’s quarterly revenue was up 3.7% on a year-over-year basis. During the same quarter last year, the firm posted $0.89 earnings per share. Equities analysts forecast that International Flavors & Fragrances Inc. will post 4.16 earnings per share for the current fiscal year.

International Flavors & Fragrances Dividend Announcement

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 $0.40 dividend. The ex-dividend date is Friday, December 20th. This represents a $1.60 dividend on an annualized basis and a yield of 1.87%. International Flavors & Fragrances’s payout ratio is currently -17.60%.

Insiders Place Their Bets

In other news, insider Yuvraj Arora sold 5,000 shares of the business’s stock in a transaction that occurred 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 transaction, 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 position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.09% of the stock is currently owned by corporate insiders.

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.