BNP Paribas Financial Markets Buys 167,698 Shares of International Flavors & Fragrances Inc. (NYSE:IFF)

BNP Paribas Financial Markets increased its position in shares of International Flavors & Fragrances Inc. (NYSE:IFF - Free Report) by 85.2% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 364,577 shares of the specialty chemicals company's stock after purchasing an additional 167,698 shares during the quarter. BNP Paribas Financial Markets owned 0.14% of International Flavors & Fragrances worth $38,255,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of the company. First Pacific Advisors LP lifted its position in International Flavors & Fragrances by 2.0% during the second quarter. First Pacific Advisors LP now owns 4,011,307 shares of the specialty chemicals company's stock worth $381,917,000 after purchasing an additional 80,558 shares during the period. Dimensional Fund Advisors LP lifted its holdings in shares of 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 worth $167,244,000 after acquiring an additional 123,693 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its holdings in shares of International Flavors & Fragrances by 1.1% in the third quarter. Charles Schwab Investment Management Inc. now owns 1,498,815 shares of the specialty chemicals company's stock worth $157,271,000 after acquiring an additional 16,590 shares during the last quarter. Albar Capital Ltd lifted its holdings in shares of 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 worth $109,133,000 after acquiring an additional 485,433 shares during the last quarter. Finally, Swiss National Bank lifted its holdings in shares of International Flavors & Fragrances by 0.3% in the third quarter. Swiss National Bank now owns 757,899 shares of the specialty chemicals company's stock worth $79,526,000 after acquiring an additional 1,900 shares during the last quarter. Institutional investors own 96.02% of the company's stock.

Insider Buying and Selling

In other news, insider Yuvraj Arora sold 5,000 shares of the 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 owns 3,238 shares of the company's stock, valued at approximately $297,086.50. This represents a 60.69 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 0.20% of the stock is owned by company insiders.

Analyst Ratings Changes

A number of research analysts have recently commented on the stock. JPMorgan Chase & Co. dropped their target price on shares of International Flavors & Fragrances from $110.00 to $107.00 and set an "overweight" rating for the company in a report on Thursday, November 7th. Morgan Stanley upgraded shares of International Flavors & Fragrances from an "equal weight" rating to an "overweight" rating and dropped their price objective for the company from $111.00 to $110.00 in a report on Tuesday, November 12th. Barclays lifted 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 research report on Friday, October 11th. Wells Fargo & Company lifted their target price on shares of 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, Mizuho upgraded shares of International Flavors & Fragrances from a "neutral" rating to an "outperform" rating and lifted their target price for the stock from $109.00 to $120.00 in a research report on Tuesday, September 3rd. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and twelve have given a buy rating to the company's stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average target price of $111.00.

International Flavors & Fragrances Stock Up 0.6 %

IFF traded up $0.53 during mid-day trading on Friday, reaching $91.35. 806,479 shares of the stock were exchanged, compared to its average volume of 1,673,760. The company has a 50 day moving average price of $98.30 and a two-hundred day moving average price of $98.18. The company has a debt-to-equity ratio of 0.58, a quick ratio of 1.93 and a current ratio of 2.62. The stock has a market capitalization of $23.36 billion, a PE ratio of -9.93, a price-to-earnings-growth ratio of 1.60 and a beta of 1.22. International Flavors & Fragrances Inc. has a 1 year low of $72.94 and a 1 year high of $106.77.

International Flavors & Fragrances (NYSE:IFF - Get Free Report) last announced its quarterly earnings data on Tuesday, November 5th. The specialty chemicals company reported $0.62 earnings per share (EPS) 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 firm had revenue of $2.93 billion during the quarter, compared to the consensus estimate of $2.83 billion. During the same quarter in the prior year, the firm posted $0.89 earnings per share. The company's revenue was up 3.7% on a year-over-year basis. As a group, research analysts anticipate that International Flavors & Fragrances Inc. will post 4.16 EPS for the current year.

International Flavors & Fragrances Announces Dividend

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 given a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a dividend yield of 1.75%. The ex-dividend date of this dividend is Friday, December 20th. International Flavors & Fragrances's dividend payout ratio 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.