Bank of Montreal Can Increases Stake in International Flavors & Fragrances Inc. (NYSE:IFF)

Bank of Montreal Can raised its holdings in shares of International Flavors & Fragrances Inc. (NYSE:IFF - Free Report) by 84.6% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 389,819 shares of the specialty chemicals company's stock after buying an additional 178,664 shares during the period. Bank of Montreal Can owned about 0.15% of International Flavors & Fragrances worth $32,959,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently modified their holdings of IFF. SBI Securities Co. Ltd. purchased a new stake in International Flavors & Fragrances in the fourth quarter worth $32,000. Fairway Wealth LLC bought a new stake in International Flavors & Fragrances during the 4th quarter valued at about $34,000. Rialto Wealth Management LLC purchased a new stake in International Flavors & Fragrances in the 4th quarter valued at about $42,000. Principal Securities Inc. grew its stake in International Flavors & Fragrances by 36.6% in the fourth quarter. Principal Securities Inc. now owns 638 shares of the specialty chemicals company's stock worth $54,000 after purchasing an additional 171 shares in the last quarter. Finally, Sugar Maple Asset Management LLC purchased a new stake in shares of International Flavors & Fragrances in the 4th quarter worth $78,000. Institutional investors own 96.02% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on IFF shares. Morgan Stanley cut their price objective on shares of International Flavors & Fragrances from $106.00 to $100.00 and set an "overweight" rating on the stock in a report on Thursday, April 10th. Oppenheimer decreased their price objective on International Flavors & Fragrances from $114.00 to $104.00 and set an "outperform" rating for the company in a research note on Thursday, February 20th. Wells Fargo & Company cut their target price on International Flavors & Fragrances from $105.00 to $90.00 and set an "overweight" rating on the stock in a research note on Wednesday, April 9th. Stifel Nicolaus lowered their price target on shares of International Flavors & Fragrances from $105.00 to $91.00 and set a "buy" rating on the stock in a report on Thursday, April 10th. Finally, Mizuho reduced their price objective on shares of International Flavors & Fragrances from $95.00 to $87.00 and set an "outperform" rating for the company in a research note on Tuesday. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and eleven have given a buy rating to the company. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of $95.69.

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International Flavors & Fragrances Trading Down 1.1 %

Shares of IFF stock traded down $0.79 on Tuesday, hitting $72.69. 660,974 shares of the stock traded hands, compared to its average volume of 1,514,250. The company has a debt-to-equity ratio of 0.54, a quick ratio of 1.93 and a current ratio of 1.84. The firm's 50-day moving average price is $79.16 and its two-hundred day moving average price is $87.10. International Flavors & Fragrances Inc. has a twelve month low of $65.85 and a twelve month high of $106.77. The stock has a market capitalization of $18.59 billion, a PE ratio of 77.32, a PEG ratio of 1.45 and a beta of 1.21.

International Flavors & Fragrances (NYSE:IFF - Get Free Report) last issued its quarterly earnings data on Tuesday, February 18th. The specialty chemicals company reported $0.97 earnings per share for the quarter, topping the consensus estimate of $0.83 by $0.14. The company had revenue of $2.77 billion during the quarter, compared to analyst estimates of $2.67 billion. International Flavors & Fragrances had a return on equity of 7.72% and a net margin of 2.12%. As a group, analysts anticipate that International Flavors & Fragrances Inc. will post 4.32 EPS for the current year.

International Flavors & Fragrances Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, April 11th. Investors of record on Friday, March 21st were issued a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a yield of 2.20%. The ex-dividend date of this dividend was Friday, March 21st. International Flavors & Fragrances's dividend payout ratio (DPR) is 170.21%.

Insider Buying and Selling at International Flavors & Fragrances

In other International Flavors & Fragrances news, Director Kevin O'byrne acquired 6,500 shares of the company's stock in a transaction that occurred on Wednesday, March 5th. The stock was purchased at an average price of $80.44 per share, for a total transaction of $522,860.00. Following the completion of the acquisition, the director now owns 6,500 shares of the company's stock, valued at approximately $522,860. This trade represents a ∞ increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 0.20% of the stock is currently owned by corporate insiders.

About International Flavors & Fragrances

International Flavors & Fragrances, Inc engages in the manufacture and supply of flavors and fragrances used in the food, beverage, personal care, and household products industries. It operates through the following segments: Nourish, Health & Biosciences, Scent and Pharma Solutions. The Nourish segment consists of legacy Taste segment combined with N&B's Food & Beverage division and the food protection business of N&B's Health & Biosciences division.