Strengthening Families & Communities LLC Has $2.21 Million Stock Holdings in International Flavors & Fragrances Inc. (NYSE:IFF)

Strengthening Families & Communities LLC grew its position in International Flavors & Fragrances Inc. (NYSE:IFF) by 8.8% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 21,066 shares of the specialty chemicals company’s stock after purchasing an additional 1,695 shares during the period. Strengthening Families & Communities LLC’s holdings in International Flavors & Fragrances were worth $2,210,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. Empowered Funds LLC raised its holdings in shares of International Flavors & Fragrances by 29.0% during the first quarter. Empowered Funds LLC now owns 3,453 shares of the specialty chemicals company’s stock worth $297,000 after acquiring an additional 776 shares during the period. Intech Investment Management LLC grew its position in International Flavors & Fragrances by 24.2% in the first quarter. Intech Investment Management LLC now owns 11,434 shares of the specialty chemicals company’s stock valued at $983,000 after purchasing an additional 2,228 shares in the last quarter. Ontario Teachers Pension Plan Board bought a new position in International Flavors & Fragrances in the first quarter valued at $952,000. O Shaughnessy Asset Management LLC raised its stake in International Flavors & Fragrances by 43.7% in the 1st quarter. O Shaughnessy Asset Management LLC now owns 9,298 shares of the specialty chemicals company’s stock valued at $800,000 after acquiring an additional 2,829 shares during the period. Finally, UniSuper Management Pty Ltd grew its stake in International Flavors & Fragrances by 455.4% in the 1st quarter. UniSuper Management Pty Ltd now owns 14,797 shares of the specialty chemicals company’s stock valued at $1,272,000 after buying an additional 12,133 shares during the last quarter. 96.02% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In related news, insider Yuvraj Arora sold 5,000 shares of the company’s stock in a transaction dated Monday, November 11th. The stock was sold at an average price of $91.75, for a total transaction of $458,750.00. Following the sale, the insider now owns 3,238 shares in the company, valued at $297,086.50. This represents a 60.69 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 0.20% of the company’s stock.

International Flavors & Fragrances Price Performance

International Flavors & Fragrances stock opened at $86.14 on Monday. 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 52 week low of $72.89 and a 52 week high of $106.77. The stock has a market capitalization of $22.02 billion, a P/E ratio of -9.48, a price-to-earnings-growth ratio of 1.52 and a beta of 1.22. The stock has a fifty day moving average of $100.76 and a 200-day moving average of $98.43.

International Flavors & Fragrances (NYSE:IFF) last issued 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 positive return on equity of 7.16% and a negative net margin of 20.33%. The firm had revenue of $2.93 billion during the quarter, compared to analyst estimates of $2.83 billion. During the same period in the previous year, the company earned $0.89 EPS. International Flavors & Fragrances’s revenue for the quarter was up 3.7% on a year-over-year basis. On average, sell-side analysts expect that International Flavors & Fragrances Inc. will post 4.17 earnings per share for the current fiscal year.

International Flavors & Fragrances Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, January 8th. Stockholders of record on Friday, December 20th will be paid a $0.40 dividend. The ex-dividend date of this dividend is Friday, December 20th. This represents a $1.60 annualized dividend and a dividend yield of 1.86%. International Flavors & Fragrances’s payout ratio is -17.60%.

Wall Street Analysts Forecast Growth

IFF has been the subject of a number of research analyst reports. UBS Group boosted their price objective on International Flavors & Fragrances from $108.00 to $111.00 and gave the stock a “neutral” rating in a report on Wednesday, November 6th. JPMorgan Chase & Co. dropped their target price 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. Oppenheimer upped their price target on shares of International Flavors & Fragrances from $116.00 to $117.00 and gave the company an “outperform” rating in a research note on Wednesday, September 11th. Vertical Research raised shares of International Flavors & Fragrances from a “hold” rating to a “buy” rating and set a $109.00 price objective for the company in a report on Thursday, November 7th. Finally, Barclays raised their target price on shares of International Flavors & Fragrances from $93.00 to $99.00 and gave the stock an “equal weight” rating in a report on Friday, October 11th. One analyst has rated the stock with a sell rating, four have issued a hold rating and twelve have assigned a buy rating to the company. According to data from MarketBeat, International Flavors & Fragrances has an average rating of “Moderate Buy” and an average target price of $109.27.

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.