BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp Has $4.47 Million Stake in International Flavors & Fragrances Inc. (NYSE:IFF)

BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp lowered its holdings in shares of International Flavors & Fragrances Inc. (NYSE:IFF - Free Report) by 12.9% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 42,599 shares of the specialty chemicals company's stock after selling 6,299 shares during the period. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp's holdings in International Flavors & Fragrances were worth $4,470,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently bought and sold shares of the business. Sumitomo Mitsui Trust Group Inc. increased its holdings in shares of International Flavors & Fragrances by 1.2% in the third quarter. Sumitomo Mitsui Trust Group Inc. now owns 615,006 shares of the specialty chemicals company's stock valued at $64,533,000 after purchasing an additional 7,553 shares during the period. Kimelman & Baird LLC acquired a new stake in shares of International Flavors & Fragrances in the 2nd quarter worth $868,000. GM Advisory Group LLC purchased a new stake in shares of International Flavors & Fragrances in the second quarter valued at about $686,000. Cetera Investment Advisers increased its stake in shares of International Flavors & Fragrances by 69.5% during the first quarter. Cetera Investment Advisers now owns 56,751 shares of the specialty chemicals company's stock worth $4,880,000 after acquiring an additional 23,278 shares during the period. Finally, Cetera Advisors LLC purchased a new position in International Flavors & Fragrances during the first quarter worth about $693,000. 96.02% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on IFF. JPMorgan Chase & Co. decreased their price target 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. Barclays increased 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 report on Friday, October 11th. Oppenheimer upped their target price on shares of International Flavors & Fragrances from $116.00 to $117.00 and gave the stock an "outperform" rating in a research report on Wednesday, September 11th. Stifel Nicolaus lifted their price target on shares of International Flavors & Fragrances from $115.00 to $121.00 and gave the company a "buy" rating in a research report on Thursday, October 24th. Finally, Bank of America upgraded International Flavors & Fragrances from a "neutral" rating to a "buy" rating and set a $107.00 price target on the stock in a report on Friday, November 8th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and twelve have issued a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $111.00.

International Flavors & Fragrances Trading Down 1.2 %

International Flavors & Fragrances stock traded down $1.11 during midday trading on Tuesday, reaching $90.16. The stock had a trading volume of 1,427,687 shares, compared to its average volume of 1,671,458. International Flavors & Fragrances Inc. has a twelve month low of $72.94 and a twelve month high of $106.77. The company has a current ratio of 2.62, a quick ratio of 1.93 and a debt-to-equity ratio of 0.58. The firm's fifty day simple moving average is $97.84 and its two-hundred day simple moving average is $98.12.

International Flavors & Fragrances (NYSE:IFF - Get Free Report) last issued 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). International Flavors & Fragrances had a negative net margin of 20.33% and a positive return on equity of 7.16%. The business had revenue of $2.93 billion for the quarter, compared to analysts' expectations of $2.83 billion. During the same quarter in the prior year, the firm posted $0.89 EPS. The business's quarterly revenue was up 3.7% compared to the same quarter last year. As a group, sell-side analysts anticipate 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 announced a quarterly dividend, which will be paid on Wednesday, January 8th. Shareholders of record on Friday, December 20th will be paid a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.77%. The ex-dividend date of this dividend is Friday, December 20th. International Flavors & Fragrances's dividend payout ratio (DPR) is currently -17.60%.

Insider Transactions at International Flavors & Fragrances

In other International Flavors & Fragrances news, insider Yuvraj Arora sold 5,000 shares of the business's stock in a transaction dated Monday, November 11th. The stock was sold at an average price of $91.75, for a total value of $458,750.00. Following the completion of the sale, the insider now owns 3,238 shares of the company's stock, valued at $297,086.50. The trade was a 60.69 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.09% of the stock is currently owned by company 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.