841 Shares in International Flavors & Fragrances Inc. (NYSE:IFF) Acquired by Brooklyn Investment Group

Brooklyn Investment Group bought a new stake in International Flavors & Fragrances Inc. (NYSE:IFF) in the third quarter, Holdings Channel.com reports. The institutional investor bought 841 shares of the specialty chemicals company’s stock, valued at approximately $88,000.

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

Insider Buying and Selling

In related news, insider Yuvraj Arora sold 5,000 shares of the firm’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 completion of the transaction, the insider now directly owns 3,238 shares of the company’s stock, valued at $297,086.50. This trade represents a 60.69 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 0.20% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

IFF has been the subject of a number of research reports. Stifel Nicolaus lifted their target price on shares of International Flavors & Fragrances from $115.00 to $121.00 and gave the company a “buy” rating in a research note on Thursday, October 24th. Bank of America raised International Flavors & Fragrances from a “neutral” rating to a “buy” rating and set a $107.00 price objective for the company in a research report on Friday, November 8th. 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 report on Thursday, November 7th. Wells Fargo & Company lifted their price target on International Flavors & Fragrances from $110.00 to $115.00 and gave the company an “overweight” rating in a report on Thursday, August 8th. Finally, JPMorgan Chase & Co. dropped their price objective on International Flavors & Fragrances from $110.00 to $107.00 and set an “overweight” rating on the stock in a report on Thursday, November 7th. One analyst has rated the stock with a sell rating, four have issued a hold rating and twelve have given a buy rating to the stock. According to data from MarketBeat, International Flavors & Fragrances currently has a consensus rating of “Moderate Buy” and an average price target of $111.00.

International Flavors & Fragrances Stock Performance

NYSE:IFF opened at $90.82 on Friday. The firm has a market capitalization of $23.22 billion, a PE ratio of -9.99, a PEG ratio of 1.60 and a beta of 1.22. International Flavors & Fragrances Inc. has a 1 year low of $72.94 and a 1 year 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 firm’s fifty day simple moving average is $98.55 and its 200 day simple moving average is $98.23.

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). International Flavors & Fragrances had a positive return on equity of 7.16% and a negative net margin of 20.33%. The business had revenue of $2.93 billion during the quarter, compared to the consensus estimate of $2.83 billion. During the same quarter in the previous year, the firm posted $0.89 earnings per share. The company’s revenue for the quarter was up 3.7% on a year-over-year basis. On average, sell-side analysts anticipate that International Flavors & Fragrances Inc. will post 4.16 EPS for the current year.

International Flavors & Fragrances Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, January 8th. Shareholders of record on Friday, December 20th will be issued a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a yield of 1.76%. The ex-dividend date of this dividend is Friday, December 20th. International Flavors & Fragrances’s dividend payout ratio (DPR) is presently -17.60%.

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.