Brooklyn Investment Group Invests $88,000 in International Flavors & Fragrances Inc. (NYSE:IFF)

Brooklyn Investment Group purchased a new stake in International Flavors & Fragrances Inc. (NYSE:IFF) during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 841 shares of the specialty chemicals company’s stock, valued at approximately $88,000.

Several other institutional investors also recently bought and sold shares of the business. Northwest Investment Counselors LLC purchased a new stake in shares of International Flavors & Fragrances during the 3rd quarter valued at about $27,000. Family Firm Inc. purchased a new stake in shares of International Flavors & Fragrances during the second quarter valued at approximately $38,000. Oakworth Capital Inc. acquired a new position in shares of International Flavors & Fragrances during the third quarter worth $44,000. Eastern Bank purchased a new position in shares of International Flavors & Fragrances in the third quarter valued at $46,000. Finally, MCF Advisors LLC grew its holdings in 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 in the last quarter. 96.02% of the stock is currently owned by hedge funds and other institutional investors.

International Flavors & Fragrances Trading Down 0.1 %

International Flavors & Fragrances stock opened at $90.82 on Friday. International Flavors & Fragrances Inc. has a 12-month low of $72.94 and a 12-month high of $106.77. The stock has a market capitalization of $23.22 billion, a PE ratio of -9.99, a price-to-earnings-growth ratio of 1.60 and a beta of 1.22. The firm has a 50 day simple moving average of $98.55 and a 200-day simple moving average of $98.23. 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 posted its quarterly earnings data on Tuesday, November 5th. The specialty chemicals company reported $0.62 EPS for the quarter, missing analysts’ consensus estimates of $1.08 by ($0.46). The firm had revenue of $2.93 billion during the quarter, compared to the consensus estimate 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 quarterly revenue was up 3.7% on a year-over-year basis. During the same period in the prior year, the firm posted $0.89 EPS. As a group, equities research analysts expect that International Flavors & Fragrances Inc. will post 4.16 EPS for the current fiscal 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 $0.40 dividend. The ex-dividend date of this dividend is Friday, December 20th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.76%. International Flavors & Fragrances’s payout ratio is currently -17.60%.

Analyst Ratings Changes

A number of analysts have recently issued reports on the company. Wells Fargo & Company lifted 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. Oppenheimer lifted their price objective on International Flavors & Fragrances from $116.00 to $117.00 and gave the stock an “outperform” rating in a report 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 target on the stock in a research report on Thursday, November 7th. Barclays increased 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. Finally, UBS Group upped their price objective on International Flavors & Fragrances from $108.00 to $111.00 and gave the stock a “neutral” rating in a research note on Wednesday, November 6th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and twelve have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, International Flavors & Fragrances presently has an average rating of “Moderate Buy” and an average target price of $111.00.

Insider Activity at International Flavors & Fragrances

In other International Flavors & Fragrances news, insider Yuvraj Arora sold 5,000 shares of the company’s stock in a transaction on Monday, November 11th. The stock was sold at an average price of $91.75, for a total value 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. This represents a 60.69 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 0.20% of the company’s stock.

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.