Fiduciary Trust Co Sells 483 Shares of International Flavors & Fragrances Inc. (NYSE:IFF)

Fiduciary Trust Co decreased its holdings in shares of International Flavors & Fragrances Inc. (NYSE:IFF) by 13.3% in the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 3,149 shares of the specialty chemicals company’s stock after selling 483 shares during the period. Fiduciary Trust Co’s holdings in International Flavors & Fragrances were worth $330,000 as of its most recent SEC filing.

Other large investors have also recently made changes to their positions in the company. Northwest Investment Counselors LLC bought a new position in International Flavors & Fragrances during the 3rd quarter valued at approximately $27,000. Family Firm Inc. bought a new position in shares of International Flavors & Fragrances during the second quarter valued at $38,000. Oakworth Capital Inc. purchased a new position in shares of International Flavors & Fragrances in the 3rd quarter worth about $44,000. Eastern Bank bought a new position in International Flavors & Fragrances in the 3rd quarter worth about $46,000. Finally, Ashton Thomas Securities LLC purchased a new stake in International Flavors & Fragrances during the 3rd quarter valued at about $48,000. 96.02% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other International Flavors & Fragrances news, insider Yuvraj Arora sold 5,000 shares of the company’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 value of $458,750.00. Following the completion of the transaction, the insider now directly owns 3,238 shares in the company, valued at $297,086.50. This represents a 60.69 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. 0.20% of the stock is currently owned by company insiders.

International Flavors & Fragrances Price Performance

NYSE IFF opened at $91.36 on Friday. The business’s fifty day moving average is $98.08 and its 200 day moving average is $98.15. International Flavors & Fragrances Inc. has a fifty-two week low of $72.94 and a fifty-two week high of $106.77. The company has a debt-to-equity ratio of 0.58, a quick ratio of 1.93 and a current ratio of 2.62. The company has a market capitalization of $23.36 billion, a PE ratio of -10.05, a price-to-earnings-growth ratio of 1.60 and a beta of 1.22.

International Flavors & Fragrances (NYSE:IFF) last announced its quarterly earnings data 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 company had revenue of $2.93 billion for the quarter, compared to the consensus estimate of $2.83 billion. During the same quarter last year, the firm posted $0.89 earnings per share. The company’s revenue was up 3.7% compared to the same quarter last year. Sell-side analysts predict that International Flavors & Fragrances Inc. will post 4.16 earnings per share for the current year.

International Flavors & Fragrances Announces Dividend

The company 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. This represents a $1.60 annualized dividend and a yield of 1.75%. The ex-dividend date is Friday, December 20th. International Flavors & Fragrances’s dividend payout ratio is currently -17.60%.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on IFF. Vertical Research raised International Flavors & Fragrances from a “hold” rating to a “buy” rating and set a $109.00 price objective on the stock in a research report on Thursday, November 7th. Bank of America raised International Flavors & Fragrances from a “neutral” rating to a “buy” rating and set a $107.00 price target on the stock in a report on Friday, November 8th. Oppenheimer boosted their target price on International Flavors & Fragrances from $116.00 to $117.00 and gave the stock an “outperform” rating in a research report on Wednesday, September 11th. Wells Fargo & Company raised their price target on shares of International Flavors & Fragrances from $110.00 to $115.00 and gave the company an “overweight” rating in a report on Thursday, August 8th. Finally, Mizuho raised shares of International Flavors & Fragrances from a “neutral” rating to an “outperform” rating and boosted their price objective for the company from $109.00 to $120.00 in a report on Tuesday, September 3rd. One investment analyst has rated the stock with a sell rating, four have given a hold rating and twelve have issued a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $111.00.

International Flavors & Fragrances 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.