Czech National Bank Buys 3,357 Shares of International Flavors & Fragrances Inc. (NYSE:IFF)

Czech National Bank increased its position in International Flavors & Fragrances Inc. (NYSE:IFF - Free Report) by 6.4% in the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 55,437 shares of the specialty chemicals company's stock after acquiring an additional 3,357 shares during the quarter. Czech National Bank's holdings in International Flavors & Fragrances were worth $4,687,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Northwest Investment Counselors LLC purchased a new stake in shares of International Flavors & Fragrances in the third quarter worth $27,000. Point72 Hong Kong Ltd bought a new position in International Flavors & Fragrances in the 3rd quarter worth about $42,000. Oakworth Capital Inc. bought a new stake in shares of International Flavors & Fragrances during the 3rd quarter valued at about $44,000. Eastern Bank purchased a new position in shares of International Flavors & Fragrances during the third quarter worth about $46,000. Finally, Ashton Thomas Securities LLC bought a new position in shares of International Flavors & Fragrances in the third quarter worth approximately $48,000. 96.02% of the stock is currently owned by hedge funds and other institutional investors.

International Flavors & Fragrances Trading Up 0.2 %

Shares of NYSE IFF traded up $0.21 during trading hours on Thursday, hitting $84.38. The company's stock had a trading volume of 1,238,793 shares, compared to its average volume of 1,494,259. 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 cap of $21.57 billion, a price-to-earnings ratio of -9.28, a P/E/G ratio of 1.35 and a beta of 1.18. International Flavors & Fragrances Inc. has a 12 month low of $72.94 and a 12 month high of $106.77. The business has a 50-day simple moving average of $87.08 and a 200-day simple moving average of $95.66.

International Flavors & Fragrances (NYSE:IFF - Get Free Report) last posted its earnings results on Tuesday, November 5th. The specialty chemicals company reported $0.62 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.08 by ($0.46). The business had revenue of $2.93 billion during the quarter, compared to the consensus estimate of $2.83 billion. International Flavors & Fragrances had a positive return on equity of 7.16% and a negative net margin of 20.33%. The firm's revenue for the quarter was up 3.7% compared to the same quarter last year. During the same period in the previous year, the business earned $0.89 earnings per share. On average, 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 company also recently disclosed a quarterly dividend, which was paid on Wednesday, January 8th. Shareholders of record on Friday, December 20th were given a dividend of $0.40 per share. The ex-dividend date was Friday, December 20th. This represents a $1.60 annualized dividend and a yield of 1.90%. International Flavors & Fragrances's payout ratio is -17.60%.

Insider Buying and Selling at International Flavors & Fragrances

In other International Flavors & Fragrances news, insider Yuvraj Arora sold 5,000 shares of International Flavors & Fragrances 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 sale, the insider now directly owns 3,238 shares of the company's stock, valued at approximately $297,086.50. The trade was a 60.69 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders own 0.09% of the company's stock.

Analyst Upgrades and Downgrades

A number of research firms have commented on IFF. Vertical Research raised shares of International Flavors & Fragrances from a "hold" rating to a "buy" rating and set a $109.00 price target for the company in a research note on Thursday, November 7th. Argus upgraded shares of International Flavors & Fragrances from a "hold" rating to a "buy" rating in a research report on Tuesday, January 7th. JPMorgan Chase & Co. cut their price objective on International Flavors & Fragrances from $110.00 to $107.00 and set an "overweight" rating for the company in a report on Thursday, November 7th. Barclays raised their price objective on International Flavors & Fragrances from $93.00 to $99.00 and gave the company an "equal weight" rating in a report on Friday, October 11th. Finally, Bank of America raised International Flavors & Fragrances from a "neutral" rating to a "buy" rating and set a $107.00 target price for the company in a research note on Friday, November 8th. One analyst has rated the stock with a sell rating, three have given a hold rating and twelve have issued a buy rating to the company's stock. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price of $110.08.

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.