GM Advisory Group LLC Decreases Stake in International Flavors & Fragrances Inc. (NYSE:IFF)

GM Advisory Group LLC lowered its stake in International Flavors & Fragrances Inc. (NYSE:IFF) by 2.3% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 7,032 shares of the specialty chemicals company’s stock after selling 168 shares during the quarter. GM Advisory Group LLC’s holdings in International Flavors & Fragrances were worth $738,000 at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in the stock. Northwest Investment Counselors LLC purchased a new position in shares of International Flavors & Fragrances in the 3rd quarter worth $27,000. Family Firm Inc. bought a new position in International Flavors & Fragrances in the second quarter valued at about $38,000. Oakworth Capital Inc. purchased a new position in International Flavors & Fragrances in the third quarter worth about $44,000. Eastern Bank bought a new stake in shares of International Flavors & Fragrances during the 3rd quarter valued at about $46,000. Finally, MCF Advisors LLC increased its position in shares of International Flavors & Fragrances by 1,856.0% during the 2nd quarter. MCF Advisors LLC now owns 489 shares of the specialty chemicals company’s stock valued at $47,000 after purchasing an additional 464 shares during the last quarter. 96.02% of the stock is currently owned by hedge funds and other institutional investors.

International Flavors & Fragrances Price Performance

Shares of IFF stock opened at $90.81 on Friday. The stock’s 50-day moving average price is $99.33 and its 200-day moving average price is $98.34. International Flavors & Fragrances Inc. has a 12-month low of $72.94 and a 12-month high of $106.77. The company has a quick ratio of 1.93, a current ratio of 2.62 and a debt-to-equity ratio of 0.58.

International Flavors & Fragrances (NYSE:IFF) last issued its quarterly earnings data on Tuesday, November 5th. The specialty chemicals company reported $0.62 earnings per share (EPS) for the quarter, missing the consensus estimate 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 for the quarter, compared to analysts’ expectations of $2.83 billion. During the same period last year, the company earned $0.89 earnings per share. The firm’s revenue was up 3.7% on a year-over-year basis. Analysts expect that International Flavors & Fragrances Inc. will post 4.16 earnings per share for the current year.

International Flavors & Fragrances Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, January 8th. Stockholders of record on Friday, December 20th will be given a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a dividend yield of 1.76%. The ex-dividend date of this dividend is Friday, December 20th. International Flavors & Fragrances’s dividend payout ratio is -17.60%.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on the stock. Oppenheimer raised their price objective 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. Stifel Nicolaus lifted their price target on shares of International Flavors & Fragrances from $115.00 to $121.00 and gave the stock a “buy” rating in a research note on Thursday, October 24th. Wells Fargo & Company boosted 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. UBS Group boosted their price objective on shares of International Flavors & Fragrances from $108.00 to $111.00 and gave the company a “neutral” rating in a research report on Wednesday, November 6th. Finally, Morgan Stanley raised shares of International Flavors & Fragrances from an “equal weight” rating to an “overweight” rating and cut their price objective for the company from $111.00 to $110.00 in a research report on Tuesday, November 12th. 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 stock. According to MarketBeat, International Flavors & Fragrances has an average rating of “Moderate Buy” and a consensus price target of $109.27.

Insider Activity at International Flavors & Fragrances

In other news, insider Yuvraj Arora sold 5,000 shares of the business’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 transaction, the insider now owns 3,238 shares of the company’s stock, valued at approximately $297,086.50. The trade was a 60.69 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 0.20% of the stock is owned by insiders.

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.