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

Bank of Montreal Can decreased its stake in shares of International Flavors & Fragrances Inc. (NYSE:IFF - Free Report) by 12.3% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 211,155 shares of the specialty chemicals company's stock after selling 29,584 shares during the period. Bank of Montreal Can owned about 0.08% of International Flavors & Fragrances worth $22,197,000 at the end of the most recent quarter.

Other institutional investors have also bought and sold shares of the company. Albar Capital Ltd lifted its position in shares of International Flavors & Fragrances by 73.5% during the 2nd quarter. Albar Capital Ltd now owns 1,146,234 shares of the specialty chemicals company's stock worth $109,133,000 after buying an additional 485,433 shares in the last quarter. Robeco Institutional Asset Management B.V. increased its position in shares of International Flavors & Fragrances by 70.9% during the third quarter. Robeco Institutional Asset Management B.V. now owns 708,081 shares of the specialty chemicals company's stock valued at $74,299,000 after acquiring an additional 293,760 shares during the last quarter. Smith Group Asset Management LLC bought a new stake in International Flavors & Fragrances during the third quarter worth $22,399,000. Point72 Europe London LLP boosted its position in International Flavors & Fragrances by 50.0% in the second quarter. Point72 Europe London LLP now owns 627,412 shares of the specialty chemicals company's stock worth $59,736,000 after purchasing an additional 209,098 shares during the last quarter. Finally, ING Groep NV bought a new position in International Flavors & Fragrances in the 3rd quarter valued at $13,304,000. Institutional investors own 96.02% of the company's stock.

International Flavors & Fragrances Price Performance

Shares of International Flavors & Fragrances stock traded up $0.54 on Friday, reaching $91.36. The stock had a trading volume of 806,480 shares, compared to its average volume of 1,673,760. The business's 50 day moving average is $98.08 and its two-hundred day moving average is $98.15. The company has a current ratio of 2.62, a quick ratio of 1.93 and a debt-to-equity ratio of 0.58. International Flavors & Fragrances Inc. has a 1 year low of $72.94 and a 1 year high of $106.77. The company has a market cap of $23.36 billion, a P/E ratio of -10.05, a price-to-earnings-growth ratio of 1.60 and a beta of 1.22.

International Flavors & Fragrances (NYSE:IFF - Get Free Report) last issued 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 positive return on equity of 7.16% and a negative net margin of 20.33%. The business had revenue of $2.93 billion during the quarter, compared to analysts' expectations of $2.83 billion. During the same quarter last year, the business posted $0.89 EPS. The company's quarterly 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 Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 8th. Stockholders of record on Friday, December 20th will be issued 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 payout ratio is -17.60%.

Insider Buying and Selling

In related news, insider Yuvraj Arora sold 5,000 shares of the company's stock in a transaction on Monday, November 11th. The shares were sold at an average price of $91.75, for a total value of $458,750.00. Following the completion of the transaction, the insider now directly owns 3,238 shares in the company, valued at approximately $297,086.50. The trade was a 60.69 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.20% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on IFF shares. Stifel Nicolaus boosted their price target on shares of International Flavors & Fragrances from $115.00 to $121.00 and gave the stock a "buy" rating in a report on Thursday, October 24th. Mizuho upgraded shares of International Flavors & Fragrances from a "neutral" rating to an "outperform" rating and boosted their target price for the company from $109.00 to $120.00 in a research note on Tuesday, September 3rd. JPMorgan Chase & Co. decreased their price target on shares of International Flavors & Fragrances from $110.00 to $107.00 and set an "overweight" rating for the company in a research note on Thursday, November 7th. Bank of America upgraded International Flavors & Fragrances from a "neutral" rating to a "buy" rating and set a $107.00 price objective on the stock in a research note on Friday, November 8th. Finally, Barclays raised their target price on 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. 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 company's stock. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of $111.00.

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.