Park Avenue Securities LLC Sells 1,902 Shares of International Flavors & Fragrances Inc. (NYSE:IFF)

Park Avenue Securities LLC trimmed its position in International Flavors & Fragrances Inc. (NYSE:IFF) by 27.1% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 5,118 shares of the specialty chemicals company’s stock after selling 1,902 shares during the quarter. Park Avenue Securities LLC’s holdings in International Flavors & Fragrances were worth $433,000 as of its most recent SEC filing.

Other hedge funds have also bought and sold shares of the company. Northwest Investment Counselors LLC bought a new stake in International Flavors & Fragrances in the third quarter valued at approximately $27,000. Point72 Hong Kong Ltd acquired a new position in shares of International Flavors & Fragrances during the 3rd quarter worth approximately $42,000. Oakworth Capital Inc. bought a new stake in International Flavors & Fragrances in the 3rd quarter valued at $44,000. Eastern Bank acquired a new stake in International Flavors & Fragrances during the 3rd quarter valued at $46,000. Finally, Ashton Thomas Securities LLC bought a new position in International Flavors & Fragrances during the third quarter worth $48,000. 96.02% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

IFF has been the topic of several research analyst reports. 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 research report on Friday, November 8th. Citigroup lowered their price target on shares of International Flavors & Fragrances from $110.00 to $105.00 and set a “buy” rating on the stock in a report on Wednesday, December 18th. JPMorgan Chase & Co. reduced their price objective on International Flavors & Fragrances from $110.00 to $107.00 and set an “overweight” rating for the company in a report on Thursday, November 7th. Barclays lowered their target price on International Flavors & Fragrances from $90.00 to $88.00 and set an “equal weight” rating on the stock in a research note on Friday, January 17th. Finally, Morgan Stanley raised International Flavors & Fragrances from an “equal weight” rating to an “overweight” rating and dropped their price target for the stock from $111.00 to $110.00 in a report on Tuesday, November 12th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and twelve have issued a buy rating to the company. According to MarketBeat.com, International Flavors & Fragrances presently has a consensus rating of “Moderate Buy” and an average price target of $109.23.

Insider Activity at International Flavors & Fragrances

In other news, insider Yuvraj Arora sold 5,000 shares of International Flavors & Fragrances 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 directly owns 3,238 shares of the company’s stock, valued at approximately $297,086.50. This trade represents a 60.69 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. 0.20% of the stock is currently owned by company insiders.

International Flavors & Fragrances Stock Performance

NYSE:IFF opened at $86.42 on Friday. 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 market cap of $22.09 billion, a price-to-earnings ratio of -9.51, a PEG ratio of 1.46 and a beta of 1.18. The stock has a fifty day moving average price of $86.45 and a 200-day moving average price of $95.26.

International Flavors & Fragrances (NYSE:IFF) last issued its earnings results on Tuesday, November 5th. The specialty chemicals company reported $0.62 earnings per share for the quarter, missing analysts’ consensus estimates of $1.08 by ($0.46). International Flavors & Fragrances had a negative net margin of 20.33% and a positive return on equity of 7.16%. The business had revenue of $2.93 billion during the quarter, compared to analyst estimates of $2.83 billion. During the same period in the prior year, the business posted $0.89 EPS. The company’s revenue for the quarter was up 3.7% compared to the same quarter last year. As a group, equities analysts anticipate that International Flavors & Fragrances Inc. will post 4.15 EPS for the current fiscal year.

International Flavors & Fragrances Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, January 8th. Shareholders of record on Friday, December 20th were issued a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a yield of 1.85%. The ex-dividend date of this dividend was Friday, December 20th. 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.