Oppenheimer & Co. Inc. Purchases 175 Shares of International Flavors & Fragrances Inc. (NYSE:IFF)

Oppenheimer & Co. Inc. boosted its position in International Flavors & Fragrances Inc. (NYSE:IFF) by 1.7% in the third quarter, HoldingsChannel.com reports. The institutional investor owned 10,760 shares of the specialty chemicals company’s stock after acquiring an additional 175 shares during the quarter. Oppenheimer & Co. Inc.’s holdings in International Flavors & Fragrances were worth $1,129,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Northwest Investment Counselors LLC bought a new stake in International Flavors & Fragrances in the 3rd quarter valued at about $27,000. Family Firm Inc. bought a new stake in International Flavors & Fragrances in the 2nd quarter valued at about $38,000. Oakworth Capital Inc. acquired a new position in International Flavors & Fragrances during the 3rd quarter valued at about $44,000. Eastern Bank acquired a new position in International Flavors & Fragrances during the 3rd quarter valued at about $46,000. Finally, MCF Advisors LLC boosted its stake in International Flavors & Fragrances by 1,856.0% during the 2nd quarter. MCF Advisors LLC now owns 489 shares of the specialty chemicals company’s stock valued at $47,000 after purchasing an additional 464 shares during the last quarter. 96.02% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on the company. Mizuho upgraded International Flavors & Fragrances from a “neutral” rating to an “outperform” rating and lifted their price target for the company from $109.00 to $120.00 in a research note on Tuesday, September 3rd. UBS Group lifted their price target on International Flavors & Fragrances from $108.00 to $111.00 and gave the company a “neutral” rating in a research note on Wednesday, November 6th. Stifel Nicolaus lifted their price target on International Flavors & Fragrances from $115.00 to $121.00 and gave the company a “buy” rating in a research note on Thursday, October 24th. Vertical Research upgraded International Flavors & Fragrances from a “hold” rating to a “buy” rating and set a $109.00 price target for the company in a research note on Thursday, November 7th. Finally, Oppenheimer lifted their price target on International Flavors & Fragrances from $116.00 to $117.00 and gave the company an “outperform” rating in a research note on Wednesday, September 11th. One analyst has rated the stock with a sell rating, four have given a hold rating and twelve have given a buy rating to the stock. According to data from MarketBeat.com, International Flavors & Fragrances presently has a consensus rating of “Moderate Buy” and an average price target of $109.27.

Insider Buying and Selling at International Flavors & Fragrances

In other International Flavors & Fragrances news, insider Yuvraj Arora sold 5,000 shares of the business’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 sale, the insider now owns 3,238 shares of the company’s stock, valued at $297,086.50. The trade was a 60.69 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Insiders own 0.20% of the company’s stock.

International Flavors & Fragrances Trading Up 0.5 %

NYSE:IFF opened at $86.61 on Tuesday. 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 stock has a market capitalization of $22.14 billion, a PE ratio of -9.53, a price-to-earnings-growth ratio of 1.52 and a beta of 1.22. The firm’s 50 day moving average is $100.42 and its 200 day moving average is $98.43. International Flavors & Fragrances Inc. has a 12 month low of $72.89 and a 12 month high of $106.77.

International Flavors & Fragrances (NYSE:IFF) last posted its quarterly earnings results 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 company had revenue of $2.93 billion during the quarter, compared to the consensus estimate of $2.83 billion. During the same period last year, the firm posted $0.89 EPS. The company’s revenue for the quarter was up 3.7% compared to the same quarter last year. Sell-side analysts expect that International Flavors & Fragrances Inc. will post 4.17 earnings per share for the current year.

International Flavors & Fragrances Announces Dividend

The firm also recently announced 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. The ex-dividend date of this dividend is Friday, December 20th. This represents a $1.60 dividend on an annualized basis and a yield of 1.85%. International Flavors & Fragrances’s payout ratio is -17.60%.

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.