Yuvraj Arora Sells 5,000 Shares of International Flavors & Fragrances Inc. (NYSE:IFF) Stock

International Flavors & Fragrances Inc. (NYSE:IFF) 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 transaction of $458,750.00. Following the completion of the transaction, the insider now owns 3,238 shares in the company, valued at approximately $297,086.50. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website.

International Flavors & Fragrances Trading Down 2.0 %

Shares of IFF stock traded down $1.78 during trading hours on Tuesday, hitting $89.43. The company had a trading volume of 1,386,469 shares, compared to its average volume of 1,677,995. The stock has a market capitalization of $22.87 billion, a PE ratio of -10.03, a price-to-earnings-growth ratio of 1.65 and a beta of 1.22. The company has a debt-to-equity ratio of 0.58, a current ratio of 2.62 and a quick ratio of 1.75. The company’s fifty day moving average is $101.91 and its 200 day moving average is $98.32. International Flavors & Fragrances Inc. has a fifty-two week low of $69.73 and a fifty-two week high of $106.77.

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 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 company had revenue of $2.93 billion during the quarter, compared to analyst estimates of $2.83 billion. During the same quarter in the previous year, the business posted $0.89 earnings per share. The firm’s revenue was up 3.7% on a year-over-year basis. Research analysts expect that International Flavors & Fragrances Inc. will post 4.22 earnings per share for the current fiscal year.

International Flavors & Fragrances Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 8th. Stockholders of record on Friday, December 20th will be given a dividend of $0.40 per share. The ex-dividend date is Friday, December 20th. This represents a $1.60 annualized dividend and a dividend yield of 1.79%. International Flavors & Fragrances’s dividend payout ratio is currently -17.60%.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the stock. Northwest Investment Counselors LLC acquired a new position in International Flavors & Fragrances in the third quarter valued at $27,000. Family Firm Inc. purchased a new stake in International Flavors & Fragrances in the second quarter valued at approximately $38,000. Oakworth Capital Inc. acquired a new position in shares of International Flavors & Fragrances in the 3rd quarter valued at $44,000. Eastern Bank acquired a new stake in International Flavors & Fragrances during the 3rd quarter worth $46,000. Finally, Ashton Thomas Securities LLC acquired a new position in International Flavors & Fragrances in the third quarter valued at $48,000. Institutional investors and hedge funds own 96.02% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have commented on the stock. Oppenheimer upped their price objective on shares of International Flavors & Fragrances from $116.00 to $117.00 and gave the stock an “outperform” rating in a report on Wednesday, September 11th. Vertical Research raised shares of International Flavors & Fragrances from a “hold” rating to a “buy” rating and set a $109.00 target price for the company in a research report on Thursday, November 7th. Bank of America upgraded shares of International Flavors & Fragrances from a “neutral” rating to a “buy” rating and set a $107.00 price target on the stock in a research note on Friday. Morgan Stanley upgraded shares of International Flavors & Fragrances from an “equal weight” rating to an “overweight” rating and lowered their target price for the company from $111.00 to $110.00 in a research note on Tuesday. Finally, JPMorgan Chase & Co. cut their price target on International Flavors & Fragrances from $110.00 to $107.00 and set an “overweight” rating for the company 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 assigned a buy rating to the company’s stock. According to data from MarketBeat.com, International Flavors & Fragrances presently has an average rating of “Moderate Buy” and an average target price of $109.27.

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.