Versant Capital Management Inc Has $88,000 Stock Position in International Flavors & Fragrances Inc. (NYSE:IFF)

Versant Capital Management Inc boosted its position in International Flavors & Fragrances Inc. (NYSE:IFF) by 46.8% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,041 shares of the specialty chemicals company’s stock after buying an additional 332 shares during the period. Versant Capital Management Inc’s holdings in International Flavors & Fragrances were worth $88,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. Albar Capital Ltd increased its holdings in shares of 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 acquiring an additional 485,433 shares in the last quarter. Robeco Institutional Asset Management B.V. grew its position in International Flavors & Fragrances by 70.9% in the 3rd 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 worth $22,399,000. Point72 Europe London LLP lifted its stake in shares of International Flavors & Fragrances by 50.0% in 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 buying an additional 209,098 shares in the last quarter. Finally, State Street Corp grew its holdings in shares of International Flavors & Fragrances by 1.9% during the third quarter. State Street Corp now owns 10,467,517 shares of the specialty chemicals company’s stock valued at $1,102,363,000 after buying an additional 196,696 shares during the last quarter. 96.02% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at International Flavors & Fragrances

In other 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 0.20% of the company’s stock.

International Flavors & Fragrances Stock Down 0.7 %

International Flavors & Fragrances stock opened at $82.52 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. The company has a market capitalization of $21.10 billion, a P/E ratio of -9.08, a P/E/G ratio of 1.54 and a beta of 1.17. The firm has a 50 day moving average price of $89.63 and a 200-day moving average price of $96.41. International Flavors & Fragrances Inc. has a twelve month low of $72.94 and a twelve month high of $106.77.

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

International Flavors & Fragrances Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 8th. Shareholders of record on Friday, December 20th will be issued a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a yield of 1.94%. The ex-dividend date of this dividend is Friday, December 20th. International Flavors & Fragrances’s dividend payout ratio (DPR) is presently -17.60%.

Analysts Set New Price Targets

Several brokerages recently weighed in on IFF. Vertical Research raised shares of International Flavors & Fragrances from a “hold” rating to a “buy” rating and set a $109.00 price target on the stock in a research report on Thursday, November 7th. Barclays raised their target price on International Flavors & Fragrances from $93.00 to $99.00 and gave the company an “equal weight” rating in a report on Friday, October 11th. JPMorgan Chase & Co. lowered their price target on International Flavors & Fragrances from $110.00 to $107.00 and set an “overweight” rating for the company in a research report on Thursday, November 7th. Citigroup dropped their price objective on International Flavors & Fragrances from $110.00 to $105.00 and set a “buy” rating on the stock in a research note on Wednesday, December 18th. Finally, 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 report on Tuesday, November 12th. One equities 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 stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $110.21.

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.