Quest Partners LLC Grows Stake in International Flavors & Fragrances Inc. (NYSE:IFF)

Quest Partners LLC boosted its position in shares of International Flavors & Fragrances Inc. (NYSE:IFF) by 12,638.0% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 29,170 shares of the specialty chemicals company’s stock after purchasing an additional 28,941 shares during the quarter. Quest Partners LLC’s holdings in International Flavors & Fragrances were worth $3,061,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of the company. Ilex Capital Partners UK LLP boosted its position in shares of International Flavors & Fragrances by 344.5% in the 1st quarter. Ilex Capital Partners UK LLP now owns 847,504 shares of the specialty chemicals company’s stock worth $72,877,000 after buying an additional 656,820 shares in the last quarter. Albar Capital Ltd grew its position in shares of International Flavors & Fragrances by 73.5% in the second quarter. Albar Capital Ltd now owns 1,146,234 shares of the specialty chemicals company’s stock valued at $109,133,000 after purchasing an additional 485,433 shares during the last quarter. Robeco Institutional Asset Management B.V. increased its stake in shares of International Flavors & Fragrances by 70.9% during the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 708,081 shares of the specialty chemicals company’s stock worth $74,299,000 after purchasing an additional 293,760 shares in the last quarter. Swedbank AB acquired a new position in shares of International Flavors & Fragrances during the 1st quarter worth approximately $19,945,000. Finally, Smith Group Asset Management LLC purchased a new stake in International Flavors & Fragrances in the 3rd quarter valued at approximately $22,399,000. Institutional investors and hedge funds own 96.02% of the company’s stock.

Wall Street Analysts Forecast Growth

IFF has been the subject of a number of analyst reports. Morgan Stanley raised International Flavors & Fragrances from an “equal weight” rating to an “overweight” rating and cut their price target for the stock from $111.00 to $110.00 in a report on Tuesday, November 12th. UBS Group boosted their target price on shares of International Flavors & Fragrances from $108.00 to $111.00 and gave the company a “neutral” rating in a research note on Wednesday, November 6th. Bank of America raised shares of International Flavors & Fragrances from a “neutral” rating to a “buy” rating and set a $107.00 price target on the stock in a research note on Friday, November 8th. 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 research report on Thursday, November 7th. Finally, JPMorgan Chase & Co. decreased their target price on shares of International Flavors & Fragrances from $110.00 to $107.00 and set an “overweight” rating on the stock in a research report on Thursday, November 7th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and twelve have issued a buy rating to the company. Based on data from MarketBeat, International Flavors & Fragrances currently has a consensus rating of “Moderate Buy” and a consensus price target of $109.27.

International Flavors & Fragrances Price Performance

Shares of International Flavors & Fragrances stock opened at $86.14 on Monday. The business’s fifty day moving average price is $100.76 and its 200 day moving average price is $98.43. International Flavors & Fragrances Inc. has a twelve month low of $72.89 and a twelve 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 capitalization of $22.02 billion, a P/E ratio of -9.48, a PEG ratio of 1.52 and a beta of 1.22.

International Flavors & Fragrances (NYSE:IFF) last released its quarterly earnings data on Tuesday, November 5th. The specialty chemicals company reported $0.62 earnings per share for the quarter, missing the consensus estimate 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 firm 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 firm earned $0.89 earnings per share. The business’s revenue for the quarter was up 3.7% on a year-over-year basis. As a group, research analysts anticipate that International Flavors & Fragrances Inc. will post 4.17 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. Investors of record on Friday, December 20th will be issued a dividend of $0.40 per share. 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%.

Insider Buying and Selling

In other International Flavors & Fragrances news, insider Yuvraj Arora sold 5,000 shares of the business’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 transaction, the insider now owns 3,238 shares in the company, valued at $297,086.50. The trade was a 60.69 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.20% of the stock is owned by corporate 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.