BNP Paribas Financial Markets Raises Stock Holdings in International Flavors & Fragrances Inc. (NYSE:IFF)

BNP Paribas Financial Markets boosted its holdings in International Flavors & Fragrances Inc. (NYSE:IFF) by 85.2% during the 3rd quarter, Holdings Channel reports. The firm owned 364,577 shares of the specialty chemicals company’s stock after acquiring an additional 167,698 shares during the period. BNP Paribas Financial Markets’ holdings in International Flavors & Fragrances were worth $38,255,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently bought and sold shares of the business. Albar Capital Ltd grew its position 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 valued at $109,133,000 after buying an additional 485,433 shares during the period. Robeco Institutional Asset Management B.V. grew its position in shares of 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 acquiring an additional 293,760 shares during the period. Swedbank AB purchased a new stake in shares of International Flavors & Fragrances during the 1st quarter worth approximately $19,945,000. Smith Group Asset Management LLC bought a new stake in shares of International Flavors & Fragrances in the 3rd quarter worth approximately $22,399,000. Finally, Point72 Europe London LLP lifted its stake in International Flavors & Fragrances by 50.0% in the second quarter. Point72 Europe London LLP now owns 627,412 shares of the specialty chemicals company’s stock valued at $59,736,000 after purchasing an additional 209,098 shares during the last quarter. Institutional investors own 96.02% of the company’s stock.

Insider Activity at International Flavors & Fragrances

In other International Flavors & Fragrances news, insider Yuvraj Arora sold 5,000 shares of the stock in a transaction that occurred 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 in the company, valued at $297,086.50. This trade represents a 60.69 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.20% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

IFF has been the topic of several research reports. UBS Group boosted their target price on International Flavors & Fragrances from $108.00 to $111.00 and gave the company a “neutral” rating in a research note on Wednesday, November 6th. Stifel Nicolaus upped their price objective on shares of International Flavors & Fragrances from $115.00 to $121.00 and gave the company a “buy” rating in a report on Thursday, October 24th. Vertical Research upgraded shares of International Flavors & Fragrances from a “hold” rating to a “buy” rating and set a $109.00 target price for the company in a research report on Thursday, November 7th. Barclays boosted their price target on shares of International Flavors & Fragrances from $93.00 to $99.00 and gave the company an “equal weight” rating in a research report on Friday, October 11th. Finally, Oppenheimer raised their price objective on shares of International Flavors & Fragrances from $116.00 to $117.00 and gave the stock an “outperform” rating in a report on Wednesday, September 11th. One 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 MarketBeat.com, International Flavors & Fragrances presently has an average rating of “Moderate Buy” and a consensus price target of $111.00.

International Flavors & Fragrances Price Performance

Shares of NYSE IFF opened at $90.82 on Friday. The stock’s 50-day simple moving average is $98.55 and its two-hundred day simple moving average is $98.23. International Flavors & Fragrances Inc. has a twelve month low of $72.94 and a twelve month high of $106.77. The firm has a market capitalization of $23.22 billion, a P/E ratio of -9.99, a P/E/G ratio of 1.60 and a beta of 1.22. The company has a quick ratio of 1.93, a current ratio of 2.62 and a debt-to-equity ratio of 0.58.

International Flavors & Fragrances (NYSE:IFF) last announced its 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). International Flavors & Fragrances had a negative net margin of 20.33% and a positive return on equity of 7.16%. The company had revenue of $2.93 billion during the quarter, compared to analysts’ expectations of $2.83 billion. During the same period in the prior year, the business earned $0.89 earnings per share. The company’s revenue for the quarter was up 3.7% compared to the same quarter last year. As a group, equities analysts anticipate that International Flavors & Fragrances Inc. will post 4.16 EPS for the current fiscal year.

International Flavors & Fragrances Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, January 8th. Investors of record on Friday, December 20th will be given a $0.40 dividend. The ex-dividend date of this dividend is Friday, December 20th. This represents a $1.60 annualized dividend and a yield of 1.76%. International Flavors & Fragrances’s dividend payout ratio (DPR) is presently -17.60%.

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.