Zurcher Kantonalbank Zurich Cantonalbank Has $15.32 Million Stock Holdings in International Flavors & Fragrances Inc. (NYSE:IFF)

Zurcher Kantonalbank Zurich Cantonalbank increased its stake in International Flavors & Fragrances Inc. (NYSE:IFF - Free Report) by 13.5% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 146,017 shares of the specialty chemicals company's stock after purchasing an additional 17,369 shares during the quarter. Zurcher Kantonalbank Zurich Cantonalbank owned about 0.06% of International Flavors & Fragrances worth $15,322,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Pictet North America Advisors SA raised its stake in shares of International Flavors & Fragrances by 3.1% in the 3rd quarter. Pictet North America Advisors SA now owns 3,275 shares of the specialty chemicals company's stock worth $344,000 after buying an additional 99 shares in the last quarter. Integrated Advisors Network LLC grew its holdings in International Flavors & Fragrances by 1.9% during the third quarter. Integrated Advisors Network LLC now owns 5,720 shares of the specialty chemicals company's stock worth $600,000 after acquiring an additional 107 shares during the period. CWM LLC raised its position in International Flavors & Fragrances by 1.7% in the third quarter. CWM LLC now owns 6,540 shares of the specialty chemicals company's stock worth $686,000 after acquiring an additional 109 shares in the last quarter. Summit Trail Advisors LLC lifted its holdings in International Flavors & Fragrances by 5.0% in the 2nd quarter. Summit Trail Advisors LLC now owns 2,471 shares of the specialty chemicals company's stock valued at $236,000 after acquiring an additional 117 shares during the last quarter. Finally, Orca Investment Management LLC boosted its position in shares of International Flavors & Fragrances by 0.6% during the 3rd quarter. Orca Investment Management LLC now owns 21,266 shares of the specialty chemicals company's stock valued at $2,231,000 after purchasing an additional 122 shares in the last quarter. Institutional investors own 96.02% of the company's stock.

International Flavors & Fragrances Stock Up 0.6 %

Shares of IFF stock traded up $0.54 during trading on Friday, hitting $91.36. 806,480 shares of the company were exchanged, compared to its average volume of 1,872,291. The business's 50-day simple moving average is $98.08 and its 200 day simple moving average is $98.16. 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 $23.36 billion, a price-to-earnings ratio of -10.05, a P/E/G ratio of 1.61 and a beta of 1.22. The company has a debt-to-equity ratio of 0.58, a quick ratio of 1.93 and a current ratio of 2.62.

International Flavors & Fragrances (NYSE:IFF - Get Free Report) last issued its earnings results 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 company had revenue of $2.93 billion for the quarter, compared to analyst estimates of $2.83 billion. During the same period last year, the business earned $0.89 EPS. The company's quarterly revenue was up 3.7% on a year-over-year basis. As a group, analysts forecast that International Flavors & Fragrances Inc. will post 4.16 EPS for the current fiscal year.

International Flavors & Fragrances Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, January 8th. Shareholders of record on Friday, December 20th will be given a $0.40 dividend. This represents a $1.60 annualized dividend and a yield of 1.75%. The ex-dividend date of this dividend is Friday, December 20th. International Flavors & Fragrances's dividend payout ratio is -17.60%.

Wall Street Analyst Weigh In

A number of analysts recently commented on the stock. Bank of America upgraded shares of International Flavors & Fragrances from a "neutral" rating to a "buy" rating and set a $107.00 target price on the stock in a report on Friday, November 8th. Vertical Research raised International Flavors & Fragrances from a "hold" rating to a "buy" rating and set a $109.00 price target on the stock in a report on Thursday, November 7th. Wells Fargo & Company raised their price objective on International Flavors & Fragrances from $110.00 to $115.00 and gave the stock an "overweight" rating in a research note on Thursday, August 8th. UBS Group boosted their target price on International Flavors & Fragrances from $108.00 to $111.00 and gave the stock a "neutral" rating in a research report on Wednesday, November 6th. Finally, Morgan Stanley raised International Flavors & Fragrances from an "equal weight" rating to an "overweight" rating and reduced their target price for the company from $111.00 to $110.00 in a report on Tuesday, November 12th. One investment 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, the company presently has a consensus rating of "Moderate Buy" and an average price target of $111.00.

Insider Activity

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 stock was sold at an average price of $91.75, for a total transaction of $458,750.00. Following the transaction, the insider now 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 document filed with the SEC, which is available at the SEC website. 0.20% of the stock is owned by 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.