Swiss National Bank Has $79.53 Million Stock Holdings in International Flavors & Fragrances Inc. (NYSE:IFF)

Swiss National Bank increased its position in shares of International Flavors & Fragrances Inc. (NYSE:IFF) by 0.3% during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 757,899 shares of the specialty chemicals company’s stock after acquiring an additional 1,900 shares during the quarter. Swiss National Bank owned about 0.30% of International Flavors & Fragrances worth $79,526,000 at the end of the most recent quarter.

Several other large investors have also made changes to their positions in IFF. First Pacific Advisors LP lifted its stake 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 valued at $381,917,000 after buying an additional 80,558 shares during the period. Price T Rowe Associates Inc. MD lifted its stake in International Flavors & Fragrances by 9.4% in the first quarter. Price T Rowe Associates Inc. MD now owns 1,895,581 shares of the specialty chemicals company’s stock valued at $163,003,000 after buying an additional 162,179 shares during the period. Dimensional Fund Advisors LP lifted its stake in International Flavors & Fragrances by 7.6% in the second quarter. Dimensional Fund Advisors LP now owns 1,756,438 shares of the specialty chemicals company’s stock valued at $167,244,000 after buying an additional 123,693 shares during the period. Albar Capital Ltd lifted its stake in International Flavors & Fragrances by 73.5% in 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. Finally, Ilex Capital Partners UK LLP lifted its stake in 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 buying an additional 656,820 shares during the period. Institutional investors and hedge funds own 96.02% of the company’s stock.

Analysts Set New Price Targets

IFF has been the topic of several analyst reports. JPMorgan Chase & Co. cut their target price on International Flavors & Fragrances from $110.00 to $107.00 and set an “overweight” rating on the stock in a research note on Thursday, November 7th. Oppenheimer raised 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. Mizuho raised International Flavors & Fragrances from a “neutral” rating to an “outperform” rating and raised their price target for the stock from $109.00 to $120.00 in a research report on Tuesday, September 3rd. Wells Fargo & Company raised their price target on International Flavors & Fragrances from $110.00 to $115.00 and gave the stock an “overweight” rating in a research report on Thursday, August 8th. Finally, Stifel Nicolaus raised their price target on International Flavors & Fragrances from $115.00 to $121.00 and gave the stock a “buy” rating in a research report on Thursday, October 24th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and twelve have given a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $109.27.

International Flavors & Fragrances Stock Up 0.5 %

IFF stock opened at $86.61 on Tuesday. The company has a quick ratio of 1.93, a current ratio of 2.62 and a debt-to-equity ratio of 0.58. The business has a 50 day moving average price of $100.42 and a two-hundred day moving average price of $98.43. The company has a market cap of $22.14 billion, a price-to-earnings ratio of -9.53, a P/E/G ratio of 1.52 and a beta of 1.22. International Flavors & Fragrances Inc. has a twelve month low of $72.89 and a twelve month high of $106.77.

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 company had revenue of $2.93 billion during the quarter, compared to the consensus estimate 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 firm’s revenue for the quarter was up 3.7% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.89 earnings per share. Analysts anticipate that International Flavors & Fragrances Inc. will post 4.17 EPS for the current fiscal year.

International Flavors & Fragrances Announces Dividend

The firm also recently announced 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 of this dividend is Friday, December 20th. This represents a $1.60 annualized dividend and a dividend yield of 1.85%. International Flavors & Fragrances’s dividend payout ratio is currently -17.60%.

Insider Transactions at International Flavors & Fragrances

In related news, insider Yuvraj Arora sold 5,000 shares of International Flavors & Fragrances stock in a transaction that occurred on Monday, November 11th. The stock was sold at an average price of $91.75, for a total transaction of $458,750.00. Following the completion of the sale, the insider now directly 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 transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. 0.20% of the stock is currently owned by corporate insiders.

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.