XTX Topco Ltd Sells 16,353 Shares of International Flavors & Fragrances Inc. (NYSE:IFF)

XTX Topco Ltd lowered its position in International Flavors & Fragrances Inc. (NYSE:IFF) by 75.6% in the third quarter, Holdings Channel.com reports. The fund owned 5,267 shares of the specialty chemicals company’s stock after selling 16,353 shares during the period. XTX Topco Ltd’s holdings in International Flavors & Fragrances were worth $553,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently modified their holdings of the company. Northwest Investment Counselors LLC bought a new position in International Flavors & Fragrances in the third quarter worth $27,000. Family Firm Inc. acquired a new stake in shares of International Flavors & Fragrances during the 2nd quarter valued at about $38,000. Point72 Hong Kong Ltd bought a new stake in International Flavors & Fragrances in the third quarter valued at about $42,000. Oakworth Capital Inc. acquired a new position in International Flavors & Fragrances in the third quarter worth about $44,000. Finally, Eastern Bank bought a new position in International Flavors & Fragrances during the third quarter worth about $46,000. Institutional investors and hedge funds own 96.02% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on IFF shares. UBS Group upped their price objective 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 upgraded International Flavors & Fragrances from an “equal weight” rating to an “overweight” rating and dropped their price objective for the stock from $111.00 to $110.00 in a research note on Tuesday, November 12th. Barclays lifted their price objective on International Flavors & Fragrances from $93.00 to $99.00 and gave the company an “equal weight” rating in a report on Friday, October 11th. Stifel Nicolaus upped their target price on shares of International Flavors & Fragrances from $115.00 to $121.00 and gave the stock a “buy” rating in a report on Thursday, October 24th. Finally, Oppenheimer lifted 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 analyst has rated the stock with a sell rating, four have given a hold rating and twelve have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, International Flavors & Fragrances has a consensus rating of “Moderate Buy” and a consensus target price of $111.00.

International Flavors & Fragrances Stock Down 0.8 %

Shares of IFF opened at $87.40 on Friday. The firm has a market capitalization of $22.35 billion, a price-to-earnings ratio of -9.61, a PEG ratio of 1.55 and a beta of 1.17. International Flavors & Fragrances Inc. has a 52 week low of $72.94 and a 52 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 business’s fifty day moving average price is $95.20 and its two-hundred day moving average price is $97.59.

International Flavors & Fragrances (NYSE:IFF) last announced its quarterly earnings data on Tuesday, November 5th. The specialty chemicals company reported $0.62 EPS for the quarter, missing analysts’ consensus estimates 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 firm had revenue of $2.93 billion during the quarter, compared to analyst estimates of $2.83 billion. During the same quarter in the previous year, the business earned $0.89 earnings per share. International Flavors & Fragrances’s revenue for the quarter was up 3.7% compared to the same quarter last year. On average, analysts predict that International Flavors & Fragrances Inc. will post 4.16 earnings per share for the current year.

International Flavors & Fragrances Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 8th. Shareholders 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 1.83%. International Flavors & Fragrances’s payout ratio is presently -17.60%.

Insiders Place Their Bets

In other International Flavors & Fragrances news, insider Yuvraj Arora sold 5,000 shares of the 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 approximately $297,086.50. This represents a 60.69 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Company insiders own 0.20% 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.