Ontario Teachers Pension Plan Board Buys 12,913 Shares of International Flavors & Fragrances Inc. (NYSE:IFF)

Ontario Teachers Pension Plan Board increased its holdings in shares of International Flavors & Fragrances Inc. (NYSE:IFF) by 167.1% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 20,641 shares of the specialty chemicals company’s stock after purchasing an additional 12,913 shares during the quarter. Ontario Teachers Pension Plan Board’s holdings in International Flavors & Fragrances were worth $2,166,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently bought and sold shares of the stock. Ilex Capital Partners UK LLP raised its stake in shares of International Flavors & Fragrances by 344.5% in the first quarter. Ilex Capital Partners UK LLP now owns 847,504 shares of the specialty chemicals company’s stock valued at $72,877,000 after acquiring an additional 656,820 shares during the period. Albar Capital Ltd boosted its stake in International Flavors & Fragrances by 73.5% in the 2nd quarter. Albar Capital Ltd now owns 1,146,234 shares of the specialty chemicals company’s stock worth $109,133,000 after purchasing an additional 485,433 shares in the last quarter. Robeco Institutional Asset Management B.V. grew its stake in International Flavors & Fragrances by 70.9% during 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 purchasing an additional 293,760 shares during the last quarter. Swedbank AB acquired a new stake in shares of International Flavors & Fragrances in the first quarter worth $19,945,000. Finally, Smith Group Asset Management LLC acquired a new stake in International Flavors & Fragrances during the third quarter worth about $22,399,000. 96.02% of the stock is currently owned by institutional investors.

International Flavors & Fragrances Stock Performance

NYSE:IFF opened at $88.92 on Wednesday. International Flavors & Fragrances Inc. has a twelve month low of $72.89 and a twelve month 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 has a 50-day moving average price of $100.14 and a two-hundred day moving average price of $98.45. The company has a market capitalization of $22.74 billion, a P/E ratio of -9.78, a price-to-earnings-growth ratio of 1.52 and a beta of 1.22.

International Flavors & Fragrances (NYSE:IFF) last released its quarterly earnings results on Tuesday, November 5th. The specialty chemicals company reported $0.62 earnings per share (EPS) for the quarter, missing the consensus estimate 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 firm had revenue of $2.93 billion for the quarter, compared to analyst estimates of $2.83 billion. During the same period in the prior year, the business earned $0.89 earnings per share. International Flavors & Fragrances’s revenue for the quarter was up 3.7% on a year-over-year basis. As a group, research analysts expect that International Flavors & Fragrances Inc. will post 4.17 earnings per share for the current fiscal year.

International Flavors & Fragrances Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 8th. Stockholders 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 annualized dividend and a dividend yield of 1.80%. International Flavors & Fragrances’s payout ratio is currently -17.60%.

Insider Buying and Selling at International Flavors & Fragrances

In other news, insider Yuvraj Arora sold 5,000 shares of the firm’s stock in a transaction on Monday, November 11th. The shares were 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 approximately $297,086.50. This trade represents a 60.69 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. 0.20% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on the company. Wells Fargo & Company boosted their price objective on International Flavors & Fragrances from $110.00 to $115.00 and gave the company an “overweight” rating in a research report on Thursday, August 8th. Barclays increased their price objective on shares of International Flavors & Fragrances from $93.00 to $99.00 and gave the stock an “equal weight” rating in a research report on Friday, October 11th. Mizuho upgraded International Flavors & Fragrances from a “neutral” rating to an “outperform” rating and lifted their target price for the company from $109.00 to $120.00 in a report on Tuesday, September 3rd. Oppenheimer increased their price objective on International Flavors & Fragrances from $116.00 to $117.00 and gave the company an “outperform” rating in a report on Wednesday, September 11th. 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 report on Thursday, November 7th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and twelve have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $109.27.

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.