Tidal Investments LLC Increases Stock Holdings in International Flavors & Fragrances Inc. (NYSE:IFF)

Tidal Investments LLC boosted its position in shares of International Flavors & Fragrances Inc. (NYSE:IFF) by 9.3% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 8,809 shares of the specialty chemicals company’s stock after purchasing an additional 750 shares during the period. Tidal Investments LLC’s holdings in International Flavors & Fragrances were worth $924,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of IFF. Northwest Investment Counselors LLC purchased a new stake in shares of International Flavors & Fragrances during the 3rd quarter valued at approximately $27,000. Family Firm Inc. purchased a new stake in International Flavors & Fragrances in the second quarter valued at $38,000. Point72 Hong Kong Ltd acquired a new position in shares of International Flavors & Fragrances in the 3rd quarter valued at $42,000. Oakworth Capital Inc. purchased a new position in shares of International Flavors & Fragrances during the 3rd quarter worth $44,000. Finally, Eastern Bank acquired a new stake in shares of International Flavors & Fragrances during the 3rd quarter worth about $46,000. 96.02% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other International Flavors & Fragrances news, insider Yuvraj Arora sold 5,000 shares of the firm’s stock in a transaction that occurred on Monday, November 11th. The shares were sold at an average price of $91.75, for a total transaction of $458,750.00. Following the sale, 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 ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 0.09% of the stock is owned by company insiders.

International Flavors & Fragrances Stock Performance

Shares of IFF opened at $85.74 on Friday. International Flavors & Fragrances Inc. has a 1 year low of $72.94 and a 1 year high of $106.77. The stock has a market capitalization of $21.92 billion, a PE ratio of -9.43, a PEG ratio of 1.55 and a beta of 1.17. 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 stock has a 50-day simple moving average of $93.94 and a 200-day simple moving average of $97.33.

International Flavors & Fragrances (NYSE:IFF) last issued its quarterly earnings results 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 positive return on equity of 7.16% and a negative net margin of 20.33%. The firm had revenue of $2.93 billion during the quarter, compared to analysts’ expectations of $2.83 billion. During the same quarter in the prior year, the firm earned $0.89 EPS. The firm’s revenue was up 3.7% compared to the same quarter last year. On average, analysts predict that International Flavors & Fragrances Inc. will post 4.16 earnings per share for the current fiscal year.

International Flavors & Fragrances Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, January 8th. Shareholders of record on Friday, December 20th will be paid a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a yield of 1.87%. The ex-dividend date is Friday, December 20th. International Flavors & Fragrances’s dividend payout ratio is presently -17.60%.

Analyst Upgrades and Downgrades

IFF has been the subject of several research analyst reports. UBS Group increased their target price on shares of International Flavors & Fragrances from $108.00 to $111.00 and gave the stock a “neutral” rating in a research note on Wednesday, November 6th. Mizuho upgraded shares of International Flavors & Fragrances from a “neutral” rating to an “outperform” rating and lifted their target price for the company from $109.00 to $120.00 in a report on Tuesday, September 3rd. Oppenheimer upped their price target on International Flavors & Fragrances from $116.00 to $117.00 and gave the stock an “outperform” rating in a research note on Wednesday, September 11th. JPMorgan Chase & Co. dropped their price objective on International Flavors & Fragrances from $110.00 to $107.00 and set an “overweight” rating for the company in a research note on Thursday, November 7th. Finally, Vertical Research raised International Flavors & Fragrances from a “hold” rating to a “buy” rating and set a $109.00 target price on the stock in a research note on Thursday, November 7th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and twelve have issued a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $110.21.

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.