Great Valley Advisor Group Inc. Trims Stock Holdings in International Flavors & Fragrances Inc. (NYSE:IFF)

Great Valley Advisor Group Inc. lowered its holdings in shares of International Flavors & Fragrances Inc. (NYSE:IFF) by 64.2% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 14,103 shares of the specialty chemicals company’s stock after selling 25,285 shares during the quarter. Great Valley Advisor Group Inc.’s holdings in International Flavors & Fragrances were worth $1,480,000 as of its most recent SEC filing.

Several other hedge funds also recently bought and sold shares of the business. Northwest Investment Counselors LLC bought a new position in International Flavors & Fragrances in the 3rd quarter worth about $27,000. Family Firm Inc. bought a new position in International Flavors & Fragrances in the second quarter worth approximately $38,000. Oakworth Capital Inc. purchased a new position in International Flavors & Fragrances during the 3rd quarter worth $44,000. Eastern Bank bought a new stake in International Flavors & Fragrances during the 3rd quarter valued at $46,000. Finally, Ashton Thomas Securities LLC bought a new stake in International Flavors & Fragrances during the 3rd quarter valued at $48,000. Institutional investors own 96.02% of the company’s stock.

International Flavors & Fragrances Price Performance

Shares of IFF stock opened at $90.87 on Tuesday. 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. The firm has a market capitalization of $23.23 billion, a price-to-earnings ratio of -10.00, a PEG ratio of 1.60 and a beta of 1.22. The stock’s 50-day simple moving average is $99.07 and its 200-day simple moving average is $98.33.

International Flavors & Fragrances (NYSE:IFF) last released its earnings results on Tuesday, November 5th. The specialty chemicals company reported $0.62 earnings per share for the quarter, missing the consensus estimate 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%. The firm’s revenue for the quarter was up 3.7% on a year-over-year basis. During the same period in the prior year, the firm posted $0.89 EPS. As a group, equities analysts forecast 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 announced a quarterly dividend, which will be paid on Wednesday, January 8th. Investors of record on Friday, December 20th will be paid 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 1.76%. International Flavors & Fragrances’s dividend payout ratio (DPR) is -17.60%.

Insiders Place Their Bets

In other International Flavors & Fragrances news, insider Yuvraj Arora sold 5,000 shares of International Flavors & Fragrances stock in a transaction that occurred on Monday, November 11th. The shares were sold at an average price of $91.75, for a total transaction of $458,750.00. Following the completion of the sale, the insider now directly owns 3,238 shares in the company, valued at approximately $297,086.50. The trade was a 60.69 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. 0.09% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

IFF has been the topic of several research reports. UBS Group raised their price target on International Flavors & Fragrances from $108.00 to $111.00 and gave the company a “neutral” rating in a research note on Wednesday, November 6th. Morgan Stanley raised shares of International Flavors & Fragrances from an “equal weight” rating to an “overweight” rating and cut their target price for the company from $111.00 to $110.00 in a research report on Tuesday, November 12th. Wells Fargo & Company upped their price target on shares of International Flavors & Fragrances from $110.00 to $115.00 and gave the stock an “overweight” rating in a research report on Thursday, August 8th. 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 report on Friday, November 8th. Finally, Oppenheimer upped their target price on International Flavors & Fragrances from $116.00 to $117.00 and gave the stock an “outperform” rating in a report on Wednesday, September 11th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and twelve have issued a buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus 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.