International Flavors & Fragrances Inc. (NYSE:IFF) Position Increased by Cerity Partners LLC

Cerity Partners LLC increased its holdings in International Flavors & Fragrances Inc. (NYSE:IFF) by 75.4% in the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 18,820 shares of the specialty chemicals company’s stock after buying an additional 8,089 shares during the period. Cerity Partners LLC’s holdings in International Flavors & Fragrances were worth $1,975,000 as of its most recent filing with the SEC.

A number of other institutional investors have also modified their holdings of the business. Waddell & Associates LLC increased its holdings in shares of International Flavors & Fragrances by 23.9% in the 3rd quarter. Waddell & Associates LLC now owns 4,526 shares of the specialty chemicals company’s stock worth $475,000 after acquiring an additional 872 shares during the period. Charles Schwab Investment Management Inc. increased its stake in International Flavors & Fragrances by 1.1% during the 3rd 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 buying an additional 16,590 shares during the period. Intech Investment Management LLC boosted its holdings in shares of International Flavors & Fragrances by 113.0% in the third quarter. Intech Investment Management LLC now owns 34,375 shares of the specialty chemicals company’s stock valued at $3,607,000 after acquiring an additional 18,239 shares in the last quarter. Ontario Teachers Pension Plan Board lifted its position in International Flavors & Fragrances by 167.1% in the third quarter. Ontario Teachers Pension Plan Board now owns 20,641 shares of the specialty chemicals company’s stock worth $2,166,000 after purchasing an additional 12,913 shares during the period. Finally, Commerce Bank raised its stake in shares of International Flavors & Fragrances by 16.3% in the 3rd quarter. Commerce Bank now owns 3,989 shares of the specialty chemicals company’s stock worth $419,000 after buying an additional 558 shares in the last quarter. Institutional investors own 96.02% of the company’s stock.

International Flavors & Fragrances Stock Down 0.1 %

Shares of International Flavors & Fragrances stock opened at $91.27 on Tuesday. The stock has a 50-day simple moving average of $98.08 and a 200-day simple moving average of $98.17. International Flavors & Fragrances Inc. has a 52-week low of $72.94 and a 52-week high of $106.77. The firm has a market cap of $23.34 billion, a price-to-earnings ratio of -10.05, a P/E/G ratio of 1.61 and a beta of 1.22. The company has a debt-to-equity ratio of 0.58, a current ratio of 2.62 and a quick ratio of 1.93.

International Flavors & Fragrances (NYSE:IFF) last posted its 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 positive return on equity of 7.16% and a negative net margin of 20.33%. The business had revenue of $2.93 billion during the quarter, compared to the consensus estimate of $2.83 billion. During the same period in the prior year, the firm earned $0.89 earnings per share. The business’s revenue was up 3.7% on a year-over-year basis. On average, equities research analysts expect that International Flavors & Fragrances Inc. will post 4.16 earnings per share for the current fiscal year.

International Flavors & Fragrances Dividend Announcement

The business 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 presently -17.60%.

Analysts Set New Price Targets

A number of analysts recently commented on the stock. Barclays boosted their target price on shares of International Flavors & Fragrances from $93.00 to $99.00 and gave the stock an “equal weight” rating in a report on Friday, October 11th. Oppenheimer lifted their target price on International Flavors & Fragrances from $116.00 to $117.00 and gave the stock an “outperform” rating in a report on Wednesday, September 11th. Morgan Stanley raised International Flavors & Fragrances from an “equal weight” rating to an “overweight” rating and reduced their target price for the company from $111.00 to $110.00 in a report on Tuesday, November 12th. Wells Fargo & Company boosted their price objective on International Flavors & Fragrances from $110.00 to $115.00 and gave the stock an “overweight” rating in a report on Thursday, August 8th. Finally, Bank of America upgraded shares of International Flavors & Fragrances from a “neutral” rating to a “buy” rating and set a $107.00 target price for the company in a report on Friday, November 8th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and twelve have issued a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $111.00.

Insider Activity

In related news, insider Yuvraj Arora sold 5,000 shares of International Flavors & Fragrances 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 in the company, valued at $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 through this link. 0.20% of the stock is currently owned by insiders.

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.