Haverford Trust Co Sells 386 Shares of International Flavors & Fragrances Inc. (NYSE:IFF)

Haverford Trust Co lowered its stake in shares of International Flavors & Fragrances Inc. (NYSE:IFF) by 5.9% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 6,184 shares of the specialty chemicals company’s stock after selling 386 shares during the quarter. Haverford Trust Co’s holdings in International Flavors & Fragrances were worth $649,000 at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. Northwest Investment Counselors LLC purchased a new position in International Flavors & Fragrances in the 3rd quarter worth $27,000. Family Firm Inc. purchased a new position in International Flavors & Fragrances during the 2nd quarter valued at about $38,000. Oakworth Capital Inc. purchased a new stake in International Flavors & Fragrances in the 3rd quarter worth approximately $44,000. Eastern Bank bought a new stake in shares of International Flavors & Fragrances in the 3rd quarter worth approximately $46,000. Finally, MCF Advisors LLC raised its holdings in shares of International Flavors & Fragrances by 1,856.0% during the second quarter. MCF Advisors LLC now owns 489 shares of the specialty chemicals company’s stock valued at $47,000 after acquiring an additional 464 shares in the last quarter. 96.02% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other news, insider Yuvraj Arora sold 5,000 shares of the company’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 completion of the transaction, the insider now owns 3,238 shares of the company’s stock, valued at $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 SEC, which is available at this hyperlink. Company insiders own 0.20% of the company’s stock.

International Flavors & Fragrances Price Performance

NYSE IFF opened at $89.37 on Friday. The company has a 50-day moving average price of $101.09 and a 200-day moving average price of $98.23. 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 market capitalization of $22.85 billion, a P/E ratio of -9.83, a PEG ratio of 1.57 and a beta of 1.22. International Flavors & Fragrances Inc. has a 52 week low of $72.89 and a 52 week high of $106.77.

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). International Flavors & Fragrances had a positive return on equity of 7.16% and a negative net margin of 20.33%. The company had revenue of $2.93 billion during the quarter, compared to analysts’ expectations of $2.83 billion. During the same quarter last year, the company earned $0.89 earnings per share. The company’s revenue for the quarter was up 3.7% on a year-over-year basis. Equities research analysts anticipate that International Flavors & Fragrances Inc. will post 4.19 earnings per share for the current year.

International Flavors & Fragrances Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, January 8th. Shareholders 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 yield of 1.79%. The ex-dividend date of this dividend is Friday, December 20th. International Flavors & Fragrances’s dividend payout ratio is currently -17.60%.

Analyst Ratings Changes

IFF has been the subject of several research reports. Oppenheimer increased their target price on International Flavors & Fragrances from $116.00 to $117.00 and gave the stock an “outperform” rating in a research report on Wednesday, September 11th. UBS Group upped their price objective on shares of International Flavors & Fragrances from $108.00 to $111.00 and gave the stock a “neutral” rating in a report on Wednesday, November 6th. Vertical Research upgraded shares of International Flavors & Fragrances from a “hold” rating to a “buy” rating and set a $109.00 target price for the company in a report on Thursday, November 7th. Barclays raised their price objective on International Flavors & Fragrances from $93.00 to $99.00 and gave the company an “equal weight” rating in a research report on Friday, October 11th. Finally, Bank of America raised International Flavors & Fragrances from a “neutral” rating to a “buy” rating and set a $107.00 target price on the stock in a report on Friday, November 8th. One 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 company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $109.27.

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.