Pathstone Holdings LLC Has $2.83 Million Holdings in International Flavors & Fragrances Inc. (NYSE:IFF)

Pathstone Holdings LLC trimmed its position in shares of International Flavors & Fragrances Inc. (NYSE:IFF) by 3.0% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 26,924 shares of the specialty chemicals company’s stock after selling 846 shares during the period. Pathstone Holdings LLC’s holdings in International Flavors & Fragrances were worth $2,829,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of IFF. Northwest Investment Counselors LLC acquired a new stake in shares of International Flavors & Fragrances during the 3rd quarter worth approximately $27,000. Family Firm Inc. acquired a new stake in shares of International Flavors & Fragrances in the 2nd quarter valued at $38,000. Oakworth Capital Inc. bought a new position in shares of International Flavors & Fragrances in the 3rd quarter valued at $44,000. Eastern Bank acquired a new position in shares of International Flavors & Fragrances during the 3rd quarter worth $46,000. Finally, Ashton Thomas Securities LLC bought a new stake in shares of International Flavors & Fragrances during the 3rd quarter worth $48,000. 96.02% of the stock is owned by institutional investors.

Insider Buying and Selling

In related news, insider Yuvraj Arora sold 5,000 shares of the stock in a transaction 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 transaction, the insider now directly 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.09% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

Several research analysts have commented on IFF shares. Oppenheimer boosted their target price on International Flavors & Fragrances from $116.00 to $117.00 and gave the stock an “outperform” rating in a research note on Wednesday, September 11th. JPMorgan Chase & Co. dropped their price objective on shares of International Flavors & Fragrances from $110.00 to $107.00 and set an “overweight” rating for the company in a research note on Thursday, November 7th. Morgan Stanley raised shares of International Flavors & Fragrances from an “equal weight” rating to an “overweight” rating and decreased their target price for the stock from $111.00 to $110.00 in a research note on Tuesday, November 12th. Barclays increased their price target on International Flavors & Fragrances from $93.00 to $99.00 and gave the company an “equal weight” rating in a research note on Friday, October 11th. Finally, Wells Fargo & Company boosted their price objective on International Flavors & Fragrances from $110.00 to $115.00 and gave the stock an “overweight” rating in a research report on Thursday, August 8th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and twelve have issued a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $109.27.

International Flavors & Fragrances Stock Performance

NYSE:IFF opened at $90.87 on Tuesday. 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 Inc. has a fifty-two week low of $72.94 and a fifty-two week high of $106.77. The company has a 50 day simple moving average of $99.07 and a two-hundred day simple moving average of $98.33. The company has a market capitalization of $23.23 billion, a PE ratio of -10.00, a P/E/G ratio of 1.60 and a beta of 1.22.

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 for the quarter, missing the consensus estimate of $1.08 by ($0.46). The firm had revenue of $2.93 billion for the quarter, compared to analyst estimates 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 company’s quarterly revenue was up 3.7% compared to the same quarter last year. During the same quarter last year, the company earned $0.89 earnings per share. Research analysts anticipate 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 announced a quarterly dividend, which will be paid on Wednesday, January 8th. Investors of record on Friday, December 20th will be given a dividend of $0.40 per share. The ex-dividend date of this dividend is Friday, December 20th. This represents a $1.60 annualized dividend and a dividend yield of 1.76%. International Flavors & Fragrances’s payout ratio is -17.60%.

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.