International Flavors & Fragrances Inc. (NYSE:IFF) Shares Sold by Channing Global Advisors LLC

Channing Global Advisors LLC lessened its stake in International Flavors & Fragrances Inc. (NYSE:IFF) by 15.4% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 32,017 shares of the specialty chemicals company’s stock after selling 5,833 shares during the quarter. International Flavors & Fragrances comprises about 2.8% of Channing Global Advisors LLC’s holdings, making the stock its 14th largest holding. Channing Global Advisors LLC’s holdings in International Flavors & Fragrances were worth $3,360,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Pictet North America Advisors SA grew its holdings in International Flavors & Fragrances by 3.1% during the 3rd quarter. Pictet North America Advisors SA now owns 3,275 shares of the specialty chemicals company’s stock valued at $344,000 after purchasing an additional 99 shares in the last quarter. Integrated Advisors Network LLC grew its stake in shares of International Flavors & Fragrances by 1.9% during the third quarter. Integrated Advisors Network LLC now owns 5,720 shares of the specialty chemicals company’s stock valued at $600,000 after acquiring an additional 107 shares in the last quarter. CWM LLC increased its position in shares of International Flavors & Fragrances by 1.7% during the third quarter. CWM LLC now owns 6,540 shares of the specialty chemicals company’s stock worth $686,000 after acquiring an additional 109 shares during the last quarter. Summit Trail Advisors LLC lifted its stake in shares of International Flavors & Fragrances by 5.0% in the second quarter. Summit Trail Advisors LLC now owns 2,471 shares of the specialty chemicals company’s stock worth $236,000 after acquiring an additional 117 shares in the last quarter. Finally, Orca Investment Management LLC grew its stake in International Flavors & Fragrances by 0.6% during the 3rd quarter. Orca Investment Management LLC now owns 21,266 shares of the specialty chemicals company’s stock valued at $2,231,000 after purchasing an additional 122 shares in the last quarter. Institutional investors and hedge funds own 96.02% of the company’s stock.

Insider Buying and Selling at International Flavors & Fragrances

In other International Flavors & Fragrances news, insider Yuvraj Arora sold 5,000 shares of the firm’s stock in a transaction dated Monday, November 11th. The shares were 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. This trade represents a 60.69 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.20% of the stock is owned by company insiders.

International Flavors & Fragrances Price Performance

Shares of NYSE IFF opened at $90.82 on Friday. 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 Inc. has a 1-year low of $72.94 and a 1-year high of $106.77. The business’s fifty day moving average price is $98.55 and its two-hundred day moving average price is $98.23.

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 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 the consensus estimate of $2.83 billion. During the same quarter in the prior year, the business earned $0.89 earnings per share. The company’s revenue for the quarter was up 3.7% compared to the same quarter last year. On average, analysts anticipate that International Flavors & Fragrances Inc. will post 4.16 EPS for the current fiscal year.

International Flavors & Fragrances Announces Dividend

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 given a $0.40 dividend. This represents a $1.60 annualized dividend and a yield of 1.76%. The ex-dividend date of this dividend is Friday, December 20th. International Flavors & Fragrances’s dividend payout ratio is currently -17.60%.

Analysts Set New Price Targets

A number of equities analysts have issued reports on the company. JPMorgan Chase & Co. cut their target price on 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. UBS Group increased 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 note on Wednesday, November 6th. Oppenheimer boosted their target price on shares of 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 lifted their price target on International Flavors & Fragrances from $110.00 to $115.00 and gave the stock an “overweight” rating in a research note on Thursday, August 8th. Finally, Morgan Stanley upgraded 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 note on Tuesday, November 12th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and twelve have issued a buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price 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.