International Flavors & Fragrances Inc. (NYSE:IFF) Short Interest Update

International Flavors & Fragrances Inc. (NYSE:IFFGet Rating) saw a significant increase in short interest in the month of May. As of May 15th, there was short interest totalling 4,430,000 shares, an increase of 36.7% from the April 30th total of 3,240,000 shares. Based on an average daily trading volume, of 1,610,000 shares, the days-to-cover ratio is currently 2.8 days.

In other International Flavors & Fragrances news, insider De Villeplee Christoph Fauchon sold 630 shares of the business’s stock in a transaction that occurred on Monday, May 2nd. The shares were sold at an average price of $121.68, for a total transaction of $76,658.40. Following the completion of the sale, the insider now directly owns 8,809 shares in the company, valued at $1,071,879.12. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 0.20% of the stock is owned by insiders.

Large investors have recently modified their holdings of the business. Bay Colony Advisory Group Inc d b a Bay Colony Advisors acquired a new stake in shares of International Flavors & Fragrances during the fourth quarter worth $5,951,000. Marshall Wace LLP grew its position in shares of International Flavors & Fragrances by 1,201.2% during the third quarter. Marshall Wace LLP now owns 130,851 shares of the specialty chemicals company’s stock worth $17,497,000 after acquiring an additional 120,795 shares during the last quarter. Mount Yale Investment Advisors LLC grew its position in shares of International Flavors & Fragrances by 10.6% during the fourth quarter. Mount Yale Investment Advisors LLC now owns 3,560 shares of the specialty chemicals company’s stock worth $536,000 after acquiring an additional 340 shares during the last quarter. Fifth Third Bancorp grew its position in shares of International Flavors & Fragrances by 17.4% during the fourth quarter. Fifth Third Bancorp now owns 3,268 shares of the specialty chemicals company’s stock worth $492,000 after acquiring an additional 485 shares during the last quarter. Finally, DekaBank Deutsche Girozentrale grew its position in shares of International Flavors & Fragrances by 5.6% during the fourth quarter. DekaBank Deutsche Girozentrale now owns 457,391 shares of the specialty chemicals company’s stock worth $68,075,000 after acquiring an additional 24,283 shares during the last quarter. 90.67% of the stock is currently owned by institutional investors.

IFF traded down $0.59 during trading on Tuesday, hitting $132.37. The company had a trading volume of 47,022 shares, compared to its average volume of 1,389,317. The company has a market cap of $33.73 billion, a PE ratio of 60.99, a P/E/G ratio of 2.26 and a beta of 1.02. The business has a 50-day moving average of $126.94 and a 200-day moving average of $134.31. The company has a debt-to-equity ratio of 0.51, a current ratio of 1.86 and a quick ratio of 1.17. International Flavors & Fragrances has a 1-year low of $113.40 and a 1-year high of $157.08.

International Flavors & Fragrances (NYSE:IFFGet Rating) last posted its quarterly earnings results on Monday, May 9th. The specialty chemicals company reported $1.69 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.31 by $0.38. The firm had revenue of $3.23 billion for the quarter, compared to analysts’ expectations of $3.09 billion. International Flavors & Fragrances had a net margin of 4.48% and a return on equity of 6.89%. The firm’s quarterly revenue was up 30.9% on a year-over-year basis. During the same period in the prior year, the company posted $1.60 earnings per share. Research analysts forecast that International Flavors & Fragrances will post 5.76 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, July 6th. Shareholders of record on Friday, June 24th will be issued a dividend of $0.79 per share. The ex-dividend date of this dividend is Thursday, June 23rd. This represents a $3.16 dividend on an annualized basis and a dividend yield of 2.39%. International Flavors & Fragrances’s dividend payout ratio (DPR) is 144.95%.

Several equities research analysts have issued reports on IFF shares. Deutsche Bank Aktiengesellschaft decreased their price objective on shares of International Flavors & Fragrances from $165.00 to $145.00 in a research note on Thursday, May 12th. Mizuho reduced their target price on shares of International Flavors & Fragrances from $147.00 to $145.00 in a research report on Wednesday, May 11th. Robert W. Baird reduced their target price on shares of International Flavors & Fragrances from $188.00 to $165.00 in a research report on Friday, February 11th. StockNews.com raised shares of International Flavors & Fragrances from a “sell” rating to a “hold” rating in a research report on Wednesday, May 18th. Finally, Berenberg Bank cut shares of International Flavors & Fragrances from a “buy” rating to a “hold” rating and reduced their target price for the stock from $165.00 to $144.00 in a research report on Thursday, March 24th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat, International Flavors & Fragrances presently has an average rating of “Buy” and a consensus target price of $154.51.

International Flavors & Fragrances Company Profile (Get Rating)

International Flavors & Fragrances Inc, together with its subsidiaries, manufactures and sells cosmetic active and natural health ingredients for use in various consumer products in Europe, Africa, the Middle East, Greater Asia, North America, and Latin America. It operates through Nourish, Scent, Health & Biosciences, and Pharma Solutions segments.

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