Anchor Investment Management LLC Lowers Stock Position in International Flavors & Fragrances Inc. (NYSE:IFF)

Anchor Investment Management LLC trimmed its holdings in shares of International Flavors & Fragrances Inc. (NYSE:IFF) by 2.3% during the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 5,852 shares of the specialty chemicals company’s stock after selling 135 shares during the quarter. Anchor Investment Management LLC’s holdings in International Flavors & Fragrances were worth $614,000 as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of the business. Sumitomo Mitsui Trust Group Inc. boosted its holdings in shares of International Flavors & Fragrances by 1.2% in the 3rd quarter. Sumitomo Mitsui Trust Group Inc. now owns 615,006 shares of the specialty chemicals company’s stock valued at $64,533,000 after buying an additional 7,553 shares in the last quarter. Kimelman & Baird LLC purchased a new stake in International Flavors & Fragrances during the second quarter valued at approximately $868,000. GM Advisory Group LLC acquired a new stake in International Flavors & Fragrances in the second quarter valued at approximately $686,000. Appian Way Asset Management LP purchased a new position in International Flavors & Fragrances in the second quarter worth $2,990,000. Finally, B. Metzler seel. Sohn & Co. Holding AG purchased a new stake in shares of International Flavors & Fragrances during the 3rd quarter valued at $1,740,000. Institutional investors own 96.02% of the company’s stock.

Insider Buying and Selling

In related news, insider Yuvraj Arora sold 5,000 shares of the company’s stock in a transaction dated Monday, November 11th. The shares were 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 $297,086.50. This represents a 60.69 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 0.20% of the stock is currently owned by insiders.

International Flavors & Fragrances Trading Up 0.3 %

Shares of IFF opened at $88.10 on Friday. The company has a debt-to-equity ratio of 0.58, a quick ratio of 1.93 and a current ratio of 2.62. International Flavors & Fragrances Inc. has a 52 week low of $72.94 and a 52 week high of $106.77. The stock’s 50-day moving average price is $95.46 and its 200-day moving average price is $97.65.

International Flavors & Fragrances (NYSE:IFF) last posted its earnings results 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). 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%. The business’s revenue for the quarter was up 3.7% on a year-over-year basis. During the same quarter in the prior year, the firm 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 Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, January 8th. Investors of record on Friday, December 20th will be paid a $0.40 dividend. The ex-dividend date is Friday, December 20th. This represents a $1.60 annualized dividend and a dividend yield of 1.82%. International Flavors & Fragrances’s dividend payout ratio is presently -17.60%.

Analysts Set New Price Targets

IFF has been the topic of several research analyst reports. Morgan Stanley upgraded International Flavors & Fragrances from an “equal weight” rating to an “overweight” rating and dropped their target price for the stock from $111.00 to $110.00 in a research note on Tuesday, November 12th. Oppenheimer upped their price objective on shares of International Flavors & Fragrances from $116.00 to $117.00 and gave the company an “outperform” rating in a report on Wednesday, September 11th. Vertical Research upgraded 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 note on Thursday, November 7th. Barclays upped their price target on shares of International Flavors & Fragrances from $93.00 to $99.00 and gave the company an “equal weight” rating in a research note on Friday, October 11th. Finally, JPMorgan Chase & Co. lowered their price objective on shares of 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. One 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. According to MarketBeat, International Flavors & Fragrances currently has a consensus rating of “Moderate Buy” and an average price target of $111.00.

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.