Victory Capital Management Inc. Raises Stock Position in International Flavors & Fragrances Inc. (NYSE:IFF)

Victory Capital Management Inc. lifted its stake in shares of International Flavors & Fragrances Inc. (NYSE:IFF) by 37.6% in the third quarter, Holdings Channel reports. The firm owned 113,019 shares of the specialty chemicals company’s stock after buying an additional 30,910 shares during the period. Victory Capital Management Inc.’s holdings in International Flavors & Fragrances were worth $11,859,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also modified their holdings of IFF. Pictet North America Advisors SA boosted its position in International Flavors & Fragrances by 3.1% during the third quarter. Pictet North America Advisors SA now owns 3,275 shares of the specialty chemicals company’s stock worth $344,000 after acquiring an additional 99 shares during the last quarter. Integrated Advisors Network LLC lifted its holdings in shares of International Flavors & Fragrances by 1.9% in the 3rd quarter. Integrated Advisors Network LLC now owns 5,720 shares of the specialty chemicals company’s stock worth $600,000 after acquiring an additional 107 shares during the last quarter. CWM LLC increased its stake in International Flavors & Fragrances by 1.7% during the 3rd quarter. CWM LLC now owns 6,540 shares of the specialty chemicals company’s stock worth $686,000 after buying an additional 109 shares during the period. Summit Trail Advisors LLC increased its stake in International Flavors & Fragrances by 5.0% during the 2nd quarter. Summit Trail Advisors LLC now owns 2,471 shares of the specialty chemicals company’s stock worth $236,000 after buying an additional 117 shares during the period. Finally, Orca Investment Management LLC increased its stake in International Flavors & Fragrances by 0.6% during the 3rd quarter. Orca Investment Management LLC now owns 21,266 shares of the specialty chemicals company’s stock worth $2,231,000 after buying an additional 122 shares during the period. Hedge funds and other institutional investors own 96.02% of the company’s stock.

Insider Transactions at International Flavors & Fragrances

In other news, insider Yuvraj Arora sold 5,000 shares of the firm’s stock in a transaction on Monday, November 11th. The shares were sold at an average price of $91.75, for a total value of $458,750.00. Following the completion of the sale, the insider now owns 3,238 shares in the company, 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 Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 0.20% of the company’s stock.

Analysts Set New Price Targets

Several brokerages recently weighed in on IFF. Morgan Stanley raised shares of International Flavors & Fragrances from an “equal weight” rating to an “overweight” rating and cut their target price for the stock from $111.00 to $110.00 in a research note on Tuesday, November 12th. Wells Fargo & Company increased their price objective on shares of International Flavors & Fragrances from $110.00 to $115.00 and gave the company an “overweight” rating in a research report on Thursday, August 8th. Mizuho raised shares of International Flavors & Fragrances from a “neutral” rating to an “outperform” rating and increased their price objective for the company from $109.00 to $120.00 in a research report on Tuesday, September 3rd. Barclays increased their price objective on shares of International Flavors & Fragrances from $93.00 to $99.00 and gave the company an “equal weight” rating in a research report on Friday, October 11th. Finally, Oppenheimer increased their price objective on shares of International Flavors & Fragrances from $116.00 to $117.00 and gave the company an “outperform” rating in a research report on Wednesday, September 11th. One analyst has rated the stock with a sell rating, four have issued a hold rating and twelve have given a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $109.27.

International Flavors & Fragrances Trading Down 0.1 %

Shares of International Flavors & Fragrances stock opened at $88.84 on Thursday. The company has a fifty day simple moving average of $99.85 and a 200-day simple moving average of $98.38. International Flavors & Fragrances Inc. has a 12-month low of $72.94 and a 12-month high of $106.77. The company has a current ratio of 2.62, a quick ratio of 1.93 and a debt-to-equity ratio of 0.58. The stock has a market cap of $22.71 billion, a price-to-earnings ratio of -9.77, a PEG ratio of 1.52 and a beta of 1.22.

International Flavors & Fragrances (NYSE:IFF) last issued its quarterly 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). The business 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 firm’s revenue for the quarter was up 3.7% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.89 EPS. On average, equities analysts forecast that International Flavors & Fragrances Inc. will post 4.17 EPS for the current fiscal year.

International Flavors & Fragrances Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, January 8th. Investors of record on Friday, December 20th will be paid a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a yield of 1.80%. The ex-dividend date of this dividend is Friday, December 20th. International Flavors & Fragrances’s dividend payout ratio is currently -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.