Sanctuary Advisors LLC Reduces Holdings in International Flavors & Fragrances Inc. (NYSE:IFF)

Sanctuary Advisors LLC lowered its stake in shares of International Flavors & Fragrances Inc. (NYSE:IFF) by 9.1% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 6,621 shares of the specialty chemicals company’s stock after selling 663 shares during the quarter. Sanctuary Advisors LLC’s holdings in International Flavors & Fragrances were worth $695,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also bought and sold shares of the stock. HB Wealth Management LLC lifted its position in International Flavors & Fragrances by 16.7% during the second quarter. HB Wealth Management LLC now owns 4,122 shares of the specialty chemicals company’s stock valued at $393,000 after buying an additional 591 shares during the period. Whittier Trust Co. of Nevada Inc. boosted its stake in International Flavors & Fragrances by 28.8% during the second quarter. Whittier Trust Co. of Nevada Inc. now owns 894 shares of the specialty chemicals company’s stock worth $85,000 after acquiring an additional 200 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in International Flavors & Fragrances by 1.5% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 128,648 shares of the specialty chemicals company’s stock worth $12,249,000 after purchasing an additional 1,924 shares during the period. F M Investments LLC bought a new position in shares of International Flavors & Fragrances during the second quarter valued at approximately $6,253,000. Finally, UMB Bank n.a. lifted its holdings in shares of International Flavors & Fragrances by 19.5% during the second quarter. UMB Bank n.a. now owns 1,294 shares of the specialty chemicals company’s stock valued at $123,000 after purchasing an additional 211 shares during the last quarter. 96.02% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other news, insider Yuvraj Arora sold 5,000 shares of the firm’s stock in a transaction dated Monday, November 11th. The stock was sold at an average price of $91.75, for a total value of $458,750.00. Following the transaction, the insider now owns 3,238 shares of the company’s stock, valued at $297,086.50. This trade represents 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 hyperlink. 0.09% of the stock is owned by insiders.

Analyst Ratings Changes

A number of research analysts recently weighed in on IFF shares. UBS Group raised their price objective on International Flavors & Fragrances from $108.00 to $111.00 and gave the company a “neutral” rating in a research report on Wednesday, November 6th. Morgan Stanley raised International Flavors & Fragrances from an “equal weight” rating to an “overweight” rating and lowered their price target for the stock from $111.00 to $110.00 in a research report on Tuesday, November 12th. Mizuho raised shares of International Flavors & Fragrances from a “neutral” rating to an “outperform” rating and increased their price objective for the company from $109.00 to $120.00 in a research report on Tuesday, September 3rd. Vertical Research upgraded shares of International Flavors & Fragrances from a “hold” rating to a “buy” rating and set a $109.00 target price on the stock in a research note on Thursday, November 7th. Finally, Oppenheimer increased their price target on shares of International Flavors & Fragrances from $116.00 to $117.00 and gave the company an “outperform” rating in a report on Wednesday, September 11th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and twelve have given a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $110.21.

International Flavors & Fragrances Stock Up 0.4 %

IFF stock opened at $85.11 on Wednesday. The business’s 50-day moving average is $92.78 and its two-hundred day moving average is $97.08. The company has a market cap of $21.76 billion, a price-to-earnings ratio of -9.36, a P/E/G ratio of 1.55 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. The company has a debt-to-equity ratio of 0.58, a quick ratio of 1.93 and a current ratio of 2.62.

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 (EPS) for the quarter, missing analysts’ consensus estimates of $1.08 by ($0.46). The business had revenue of $2.93 billion during 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%. The business’s quarterly revenue was up 3.7% compared to the same quarter last year. During the same period in the previous year, the business posted $0.89 EPS. As a group, analysts forecast that International Flavors & Fragrances Inc. will post 4.16 earnings per share for the current year.

International Flavors & Fragrances Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 8th. Stockholders of record on Friday, December 20th will be paid a $0.40 dividend. The ex-dividend date of this dividend is Friday, December 20th. This represents a $1.60 annualized dividend and a dividend yield of 1.88%. International Flavors & Fragrances’s dividend payout ratio (DPR) is -17.60%.

International Flavors & Fragrances 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.