Quantbot Technologies LP Makes New $7.95 Million Investment in International Flavors & Fragrances Inc. (NYSE:IFF)

Quantbot Technologies LP purchased a new stake in International Flavors & Fragrances Inc. (NYSE:IFF) in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 75,713 shares of the specialty chemicals company’s stock, valued at approximately $7,945,000.

Several other large investors have also modified their holdings of the business. Albar Capital Ltd increased its holdings 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 buying an additional 485,433 shares during the period. Robeco Institutional Asset Management B.V. increased its holdings in shares of 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 acquiring an additional 293,760 shares during the period. Swedbank AB bought a new position in shares of International Flavors & Fragrances in the 1st quarter worth $19,945,000. Smith Group Asset Management LLC purchased a new stake in shares of International Flavors & Fragrances during the 3rd quarter worth $22,399,000. Finally, Point72 Europe London LLP boosted 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 in the last quarter. Institutional investors own 96.02% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on the stock. Wells Fargo & Company boosted their target price on shares of International Flavors & Fragrances from $110.00 to $115.00 and gave the stock an “overweight” rating in a report on Thursday, August 8th. JPMorgan Chase & Co. reduced 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. UBS Group raised their target price on shares of International Flavors & Fragrances from $108.00 to $111.00 and gave the company a “neutral” rating in a research note on Wednesday, November 6th. Mizuho raised International Flavors & Fragrances from a “neutral” rating to an “outperform” rating and upped their price target for the stock from $109.00 to $120.00 in a research report on Tuesday, September 3rd. Finally, Vertical Research raised 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. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and twelve have issued a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $109.27.

International Flavors & Fragrances Trading Up 0.1 %

International Flavors & Fragrances stock opened at $90.87 on Tuesday. The stock has a 50-day moving average price of $99.07 and a 200 day moving average price of $98.33. The company has a market capitalization of $23.23 billion, a price-to-earnings ratio of -10.00, a price-to-earnings-growth ratio of 1.60 and a beta of 1.22. 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.

International Flavors & Fragrances (NYSE:IFF) last announced its quarterly earnings data on Tuesday, November 5th. The specialty chemicals company reported $0.62 EPS for the quarter, missing the consensus estimate of $1.08 by ($0.46). The business had revenue of $2.93 billion for 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 was up 3.7% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.89 earnings per share. Sell-side analysts anticipate that International Flavors & Fragrances Inc. will post 4.16 EPS for the current year.

International Flavors & Fragrances Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, January 8th. Shareholders of record on Friday, December 20th will be given a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a yield of 1.76%. The ex-dividend date is Friday, December 20th. International Flavors & Fragrances’s dividend payout ratio is currently -17.60%.

Insider Activity

In other news, insider Yuvraj Arora sold 5,000 shares of International Flavors & Fragrances stock in a transaction that occurred 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 completion of the transaction, the insider now directly 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 0.09% of the company’s stock.

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.