International Flavors & Fragrances Inc. (NYSE:IFF) Stock Position Lowered by Mutual of America Capital Management LLC

Mutual of America Capital Management LLC lowered its position in shares of International Flavors & Fragrances Inc. (NYSE:IFF) by 2.2% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 31,479 shares of the specialty chemicals company’s stock after selling 723 shares during the quarter. Mutual of America Capital Management LLC’s holdings in International Flavors & Fragrances were worth $3,303,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the business. Cutler Investment Counsel LLC bought a new stake in shares of International Flavors & Fragrances in the 3rd quarter worth approximately $200,000. Natixis Advisors LLC boosted its stake in shares of International Flavors & Fragrances by 4.3% during the 3rd quarter. Natixis Advisors LLC now owns 169,226 shares of the specialty chemicals company’s stock worth $17,757,000 after acquiring an additional 6,974 shares in the last quarter. Empowered Funds LLC raised its position in shares of International Flavors & Fragrances by 6.5% during the third quarter. Empowered Funds LLC now owns 4,130 shares of the specialty chemicals company’s stock worth $433,000 after purchasing an additional 251 shares during the period. Empirical Finance LLC boosted its position in shares of International Flavors & Fragrances by 3.2% in the 3rd quarter. Empirical Finance LLC now owns 7,679 shares of the specialty chemicals company’s stock valued at $806,000 after purchasing an additional 238 shares during the period. Finally, CIBC Asset Management Inc increased its stake in International Flavors & Fragrances by 8.3% in the 3rd quarter. CIBC Asset Management Inc now owns 37,233 shares of the specialty chemicals company’s stock worth $3,907,000 after purchasing an additional 2,855 shares in the last quarter. 96.02% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on IFF shares. Stifel Nicolaus boosted their price target on shares of International Flavors & Fragrances from $115.00 to $121.00 and gave the company a “buy” rating in a report on Thursday, October 24th. Wells Fargo & Company raised their target price 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. Barclays increased their price objective on International Flavors & Fragrances from $93.00 to $99.00 and gave the stock an “equal weight” rating in a research note on Friday, October 11th. Morgan Stanley upgraded International Flavors & Fragrances from an “equal weight” rating to an “overweight” rating and dropped their target price for the company from $111.00 to $110.00 in a report on Tuesday, November 12th. Finally, Oppenheimer raised their price target on shares of International Flavors & Fragrances from $116.00 to $117.00 and gave the stock an “outperform” rating in a report on Wednesday, September 11th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and twelve have given a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $109.27.

Insider Activity

In related news, insider Yuvraj Arora sold 5,000 shares of the firm’s stock in a transaction that occurred on Monday, November 11th. The stock was sold at an average price of $91.75, for a total transaction of $458,750.00. Following the completion of the transaction, the insider now owns 3,238 shares in the company, valued at $297,086.50. This trade represents a 60.69 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 0.20% of the stock is owned by company insiders.

International Flavors & Fragrances Stock Up 1.1 %

IFF stock opened at $90.81 on Friday. The stock has a market capitalization of $23.22 billion, a price-to-earnings ratio of -9.99, a price-to-earnings-growth ratio of 1.57 and a beta of 1.22. The company has a 50-day moving average of $99.33 and a two-hundred day moving average of $98.34. 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 current ratio of 2.62 and a quick ratio of 1.93.

International Flavors & Fragrances (NYSE:IFF) last released its earnings results on Tuesday, November 5th. The specialty chemicals company reported $0.62 earnings per share (EPS) 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 last year, the business earned $0.89 EPS. The business’s quarterly revenue was up 3.7% compared to the same quarter last year. As a group, equities research analysts anticipate that International Flavors & Fragrances Inc. will post 4.17 EPS for the current year.

International Flavors & Fragrances Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, January 8th. Shareholders of record on Friday, December 20th will be paid a dividend of $0.40 per share. The ex-dividend date is Friday, December 20th. This represents a $1.60 dividend on an annualized basis and a yield of 1.76%. 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.