Sugar Maple Asset Management LLC Takes Position in International Flavors & Fragrances Inc. (NYSE:IFF)

Sugar Maple Asset Management LLC acquired a new stake in shares of International Flavors & Fragrances Inc. (NYSE:IFF) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 924 shares of the specialty chemicals company’s stock, valued at approximately $78,000.

Several other institutional investors also recently bought and sold shares of the business. Nordea Investment Management AB grew its holdings in shares of International Flavors & Fragrances by 25.7% during the fourth quarter. Nordea Investment Management AB now owns 5,489,741 shares of the specialty chemicals company’s stock valued at $464,926,000 after buying an additional 1,121,414 shares during the last quarter. Albar Capital Ltd lifted its position in International Flavors & Fragrances by 73.5% during the second quarter. Albar Capital Ltd now owns 1,146,234 shares of the specialty chemicals company’s stock valued at $109,133,000 after purchasing an additional 485,433 shares during the period. Robeco Institutional Asset Management B.V. lifted its position in International Flavors & Fragrances by 70.9% during the third quarter. Robeco Institutional Asset Management B.V. now owns 708,081 shares of the specialty chemicals company’s stock valued at $74,299,000 after purchasing an additional 293,760 shares during the period. Smith Group Asset Management LLC acquired a new position in International Flavors & Fragrances during the third quarter valued at $22,399,000. Finally, Point72 Europe London LLP lifted its position in International Flavors & Fragrances by 50.0% during the second quarter. Point72 Europe London LLP now owns 627,412 shares of the specialty chemicals company’s stock valued at $59,736,000 after purchasing an additional 209,098 shares during the period. 96.02% of the stock is owned by hedge funds and other institutional investors.

Insider Activity 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 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 transaction, the insider now directly 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 sale was disclosed in a document filed with the SEC, which is available at the SEC website. Insiders own 0.09% of the company’s stock.

International Flavors & Fragrances Price Performance

International Flavors & Fragrances stock opened at $84.87 on Tuesday. The firm has a market cap of $21.70 billion, a PE ratio of -9.34, a price-to-earnings-growth ratio of 1.45 and a beta of 1.18. International Flavors & Fragrances Inc. has a 52-week low of $72.94 and a 52-week high of $106.77. The company has a quick ratio of 1.93, a current ratio of 2.62 and a debt-to-equity ratio of 0.58. The company’s 50 day moving average is $86.67 and its two-hundred day moving average is $95.46.

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 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 analyst estimates of $2.83 billion. International Flavors & Fragrances had a negative net margin of 20.33% and a positive return on equity of 7.16%. International Flavors & Fragrances’s revenue for the quarter was up 3.7% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.89 earnings per share. On average, research analysts expect that International Flavors & Fragrances Inc. will post 4.15 EPS for the current fiscal year.

International Flavors & Fragrances Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, January 8th. Investors of record on Friday, December 20th were given a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.89%. The ex-dividend date was Friday, December 20th. International Flavors & Fragrances’s dividend payout ratio (DPR) is -17.60%.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on IFF. Barclays decreased their price objective on shares of International Flavors & Fragrances from $90.00 to $88.00 and set an “equal weight” rating for the company in a research report on Friday. Vertical Research upgraded shares of International Flavors & Fragrances from a “hold” rating to a “buy” rating and set a $109.00 price objective for the company in a research report on Thursday, November 7th. UBS Group upped their price objective on shares of International Flavors & Fragrances from $108.00 to $111.00 and gave the stock a “neutral” rating in a research report on Wednesday, November 6th. Citigroup decreased their price objective on shares of International Flavors & Fragrances from $110.00 to $105.00 and set a “buy” rating for the company in a research report on Wednesday, December 18th. Finally, Stifel Nicolaus upped their price target on shares of International Flavors & Fragrances from $115.00 to $121.00 and gave the stock a “buy” rating in a research report on Thursday, October 24th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and twelve have issued a buy rating to the company’s stock. According to MarketBeat, International Flavors & Fragrances currently has a consensus rating of “Moderate Buy” and an average price target of $109.23.

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.