International Flavors & Fragrances Inc. (NYSE:IFF) Shares Sold by MML Investors Services LLC

MML Investors Services LLC cut its stake in International Flavors & Fragrances Inc. (NYSE:IFF) by 8.2% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 30,087 shares of the specialty chemicals company’s stock after selling 2,687 shares during the quarter. MML Investors Services LLC’s holdings in International Flavors & Fragrances were worth $3,157,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Sumitomo Mitsui Trust Group Inc. increased its position in shares of International Flavors & Fragrances by 1.2% in the third 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 shares of International Flavors & Fragrances in the second quarter valued at approximately $868,000. GM Advisory Group LLC purchased a new stake in shares of International Flavors & Fragrances in the second quarter valued at approximately $686,000. Appian Way Asset Management LP purchased a new stake in shares of International Flavors & Fragrances in the second quarter valued at approximately $2,990,000. Finally, B. Metzler seel. Sohn & Co. Holding AG purchased a new stake in shares of International Flavors & Fragrances in the third quarter valued at approximately $1,740,000. 96.02% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other news, insider Yuvraj Arora sold 5,000 shares of the company’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 transaction, the insider now owns 3,238 shares of the company’s stock, valued at $297,086.50. This represents a 60.69 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Corporate insiders own 0.20% of the company’s stock.

International Flavors & Fragrances Stock Performance

NYSE IFF opened at $87.40 on Friday. The stock’s fifty day moving average is $95.20 and its two-hundred day moving average is $97.60. The firm has a market capitalization of $22.35 billion, a P/E ratio of -9.61, a price-to-earnings-growth ratio of 1.55 and a beta of 1.17. 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 fifty-two week low of $72.94 and a fifty-two week high of $106.77.

International Flavors & Fragrances (NYSE:IFF) last announced its quarterly earnings results 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). International Flavors & Fragrances had a negative net margin of 20.33% and a positive return on equity of 7.16%. The business had revenue of $2.93 billion during the quarter, compared to analyst estimates of $2.83 billion. During the same period last year, the company earned $0.89 EPS. The business’s revenue for the quarter was up 3.7% on a year-over-year basis. On average, research analysts anticipate that International Flavors & Fragrances Inc. will post 4.16 earnings per share 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. Stockholders of record on Friday, December 20th will be paid a $0.40 dividend. This represents a $1.60 annualized dividend and a dividend yield of 1.83%. The ex-dividend date is Friday, December 20th. International Flavors & Fragrances’s dividend payout ratio (DPR) is presently -17.60%.

Analyst Upgrades and Downgrades

IFF has been the subject of a number of recent analyst reports. Stifel Nicolaus boosted their price objective on International Flavors & Fragrances from $115.00 to $121.00 and gave the company a “buy” rating in a research report on Thursday, October 24th. Vertical Research upgraded 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. Morgan Stanley upgraded International Flavors & Fragrances from an “equal weight” rating to an “overweight” rating and dropped their price target for the stock from $111.00 to $110.00 in a research report on Tuesday, November 12th. JPMorgan Chase & Co. dropped 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. Finally, Oppenheimer boosted their price target on International Flavors & Fragrances from $116.00 to $117.00 and gave the stock an “outperform” rating in a research report on Wednesday, September 11th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and twelve have assigned a buy rating to the company’s stock. Based on data from MarketBeat, International Flavors & Fragrances has a consensus rating of “Moderate Buy” and a consensus 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.