International Flavors & Fragrances Inc. (NYSE:IFF) Shares Sold by Bank of Montreal Can

Bank of Montreal Can lessened its position in International Flavors & Fragrances Inc. (NYSE:IFF) by 12.3% during the third quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 211,155 shares of the specialty chemicals company’s stock after selling 29,584 shares during the period. Bank of Montreal Can owned approximately 0.08% of International Flavors & Fragrances worth $22,197,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. First Pacific Advisors LP raised its position in International Flavors & Fragrances by 2.0% in the second quarter. First Pacific Advisors LP now owns 4,011,307 shares of the specialty chemicals company’s stock worth $381,917,000 after acquiring an additional 80,558 shares in the last quarter. Dimensional Fund Advisors LP raised its holdings in shares of International Flavors & Fragrances by 7.6% in the 2nd quarter. Dimensional Fund Advisors LP now owns 1,756,438 shares of the specialty chemicals company’s stock worth $167,244,000 after purchasing an additional 123,693 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its stake in International Flavors & Fragrances by 1.1% during the third quarter. Charles Schwab Investment Management Inc. now owns 1,498,815 shares of the specialty chemicals company’s stock valued at $157,271,000 after purchasing an additional 16,590 shares during the last quarter. Albar Capital Ltd boosted 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 worth $109,133,000 after buying an additional 485,433 shares in the last quarter. Finally, Swiss National Bank grew its position in International Flavors & Fragrances by 0.3% in the third quarter. Swiss National Bank now owns 757,899 shares of the specialty chemicals company’s stock worth $79,526,000 after buying an additional 1,900 shares during the last quarter. Institutional investors and hedge funds own 96.02% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on IFF. JPMorgan Chase & Co. cut their price objective 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. Oppenheimer increased their price target on International Flavors & Fragrances from $116.00 to $117.00 and gave the company an “outperform” rating in a research report on Wednesday, September 11th. Stifel Nicolaus boosted their price objective on International Flavors & Fragrances from $115.00 to $121.00 and gave the stock a “buy” rating in a report on Thursday, October 24th. Mizuho upgraded shares of International Flavors & Fragrances from a “neutral” rating to an “outperform” rating and raised their target price for the stock from $109.00 to $120.00 in a report on Tuesday, September 3rd. Finally, Bank of America upgraded shares of International Flavors & Fragrances from a “neutral” rating to a “buy” rating and set a $107.00 price target on the stock in a report on Friday, November 8th. One analyst has rated the stock with a sell rating, four have given a hold rating and twelve have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, International Flavors & Fragrances presently has a consensus rating of “Moderate Buy” and an average target price of $111.00.

Insider Activity

In other International Flavors & Fragrances news, insider Yuvraj Arora sold 5,000 shares of the 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 transaction, the insider now directly owns 3,238 shares of the company’s stock, valued at $297,086.50. This represents a 60.69 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. 0.20% of the stock is owned by insiders.

International Flavors & Fragrances Trading Up 0.6 %

NYSE IFF opened at $91.35 on Friday. The company has a market capitalization of $23.36 billion, a PE ratio of -10.05, a price-to-earnings-growth ratio of 1.60 and a beta of 1.22. International Flavors & Fragrances Inc. has a 1-year low of $72.94 and a 1-year high of $106.77. 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 firm’s fifty day simple moving average is $98.30 and its 200-day simple moving average is $98.18.

International Flavors & Fragrances (NYSE:IFF) last posted its quarterly earnings results on Tuesday, November 5th. The specialty chemicals company reported $0.62 earnings per share for the quarter, missing analysts’ consensus estimates of $1.08 by ($0.46). The firm had revenue of $2.93 billion for the quarter, compared to analysts’ expectations of $2.83 billion. International Flavors & Fragrances had a positive return on equity of 7.16% and a negative net margin of 20.33%. The firm’s revenue for the quarter was up 3.7% on a year-over-year basis. During the same period last year, the business earned $0.89 earnings per share. As a group, sell-side analysts anticipate that International Flavors & Fragrances Inc. will post 4.16 earnings per share for the current fiscal year.

International Flavors & Fragrances Announces Dividend

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 dividend of $0.40 per share. The ex-dividend date is Friday, December 20th. This represents a $1.60 annualized dividend and a dividend yield of 1.75%. International Flavors & Fragrances’s dividend payout ratio (DPR) is -17.60%.

International Flavors & Fragrances 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.