International Flavors & Fragrances Inc. (NYSE:IFF) Shares Sold by Impax Asset Management Group plc

Impax Asset Management Group plc lowered its position in International Flavors & Fragrances Inc. (NYSE:IFF) by 92.5% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 55,194 shares of the specialty chemicals company’s stock after selling 679,741 shares during the period. Impax Asset Management Group plc’s holdings in International Flavors & Fragrances were worth $5,792,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also modified their holdings of IFF. Northwest Investment Counselors LLC acquired a new stake in shares of International Flavors & Fragrances in the 3rd quarter worth approximately $27,000. Family Firm Inc. acquired a new stake in shares of International Flavors & Fragrances in the 2nd quarter worth approximately $38,000. Fidelis Capital Partners LLC acquired a new stake in International Flavors & Fragrances during the 1st quarter valued at $44,000. Larson Financial Group LLC grew its holdings in International Flavors & Fragrances by 5,050.0% during the 1st quarter. Larson Financial Group LLC now owns 515 shares of the specialty chemicals company’s stock valued at $44,000 after buying an additional 505 shares during the last quarter. Finally, Oakworth Capital Inc. acquired a new stake in International Flavors & Fragrances during the 3rd quarter valued at $44,000. Institutional investors and hedge funds own 96.02% of the company’s stock.

International Flavors & Fragrances Trading Up 0.1 %

Shares of IFF opened at $99.10 on Wednesday. The company has a current ratio of 2.38, a quick ratio of 1.75 and a debt-to-equity ratio of 0.60. The firm has a market capitalization of $25.34 billion, a P/E ratio of -10.75, a price-to-earnings-growth ratio of 1.76 and a beta of 1.22. The stock’s fifty day simple moving average is $102.97 and its 200 day simple moving average is $98.06. International Flavors & Fragrances Inc. has a twelve month low of $69.73 and a twelve month high of $106.77.

International Flavors & Fragrances (NYSE:IFF) last issued its earnings results on Tuesday, August 6th. The specialty chemicals company reported $1.16 earnings per share for the quarter, topping the consensus estimate of $1.01 by $0.15. The business had revenue of $2.89 billion for the quarter, compared to analyst estimates of $2.83 billion. International Flavors & Fragrances had a positive return on equity of 6.63% and a negative net margin of 20.82%. The business’s quarterly revenue was down 1.4% on a year-over-year basis. During the same period last year, the company posted $0.86 EPS. On average, equities research analysts forecast that International Flavors & Fragrances Inc. will post 4.24 earnings per share for the current year.

International Flavors & Fragrances Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 8th. Shareholders of record on Friday, December 20th will be given a $0.40 dividend. This represents a $1.60 annualized dividend and a yield of 1.61%. The ex-dividend date is Friday, December 20th. International Flavors & Fragrances’s dividend payout ratio (DPR) is presently -17.35%.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on the company. Barclays increased their target price 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 increased their target price on International Flavors & Fragrances from $115.00 to $121.00 and gave the company a “buy” rating in a report on Thursday, October 24th. Mizuho upgraded International Flavors & Fragrances from a “neutral” rating to an “outperform” rating and increased their target price for the company from $109.00 to $120.00 in a report on Tuesday, September 3rd. Oppenheimer increased their target price on International Flavors & Fragrances from $116.00 to $117.00 and gave the company an “outperform” rating in a report on Wednesday, September 11th. Finally, Wells Fargo & Company increased their price target on International Flavors & Fragrances from $110.00 to $115.00 and gave the stock an “overweight” rating in a research note on Thursday, August 8th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and nine have assigned a buy rating to the stock. Based on data from MarketBeat, International Flavors & Fragrances has a consensus rating of “Moderate Buy” and an average target price of $107.86.

International Flavors & Fragrances Company 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.