Nordea Investment Management AB Has $464.93 Million Position in International Flavors & Fragrances Inc. (NYSE:IFF)

Nordea Investment Management AB increased its position in International Flavors & Fragrances Inc. (NYSE:IFF - Free Report) by 25.7% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 5,489,741 shares of the specialty chemicals company's stock after buying an additional 1,121,414 shares during the period. Nordea Investment Management AB owned about 2.15% of International Flavors & Fragrances worth $464,926,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. TD Asset Management Inc boosted its stake in International Flavors & Fragrances by 4.0% in the 2nd quarter. TD Asset Management Inc now owns 95,920 shares of the specialty chemicals company's stock worth $9,133,000 after buying an additional 3,657 shares during the last quarter. National Bank of Canada FI increased its position in International Flavors & Fragrances by 17.9% during the second quarter. National Bank of Canada FI now owns 96,030 shares of the specialty chemicals company's stock worth $8,943,000 after purchasing an additional 14,578 shares during the last quarter. Victory Capital Management Inc. boosted its holdings in shares of International Flavors & Fragrances by 13.9% in the 2nd quarter. Victory Capital Management Inc. now owns 82,109 shares of the specialty chemicals company's stock valued at $7,818,000 after purchasing an additional 9,997 shares during the last quarter. Private Advisor Group LLC increased its holdings in shares of International Flavors & Fragrances by 10.8% during the 2nd quarter. Private Advisor Group LLC now owns 20,902 shares of the specialty chemicals company's stock worth $1,990,000 after buying an additional 2,042 shares during the last quarter. Finally, Acadian Asset Management LLC purchased a new position in shares of International Flavors & Fragrances in the 2nd quarter worth $675,000. Hedge funds and other institutional investors own 96.02% of the company's stock.

International Flavors & Fragrances Stock Performance

Shares of NYSE:IFF traded down $0.52 on Monday, hitting $82.00. The company's stock had a trading volume of 1,892,972 shares, compared to its average volume of 1,540,224. International Flavors & Fragrances Inc. has a 12 month low of $72.94 and a 12 month high of $106.77. The stock's 50-day moving average is $89.23 and its two-hundred day moving average is $96.31. 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 company has a market capitalization of $20.97 billion, a price-to-earnings ratio of -9.02, a price-to-earnings-growth ratio of 1.54 and a beta of 1.18.

International Flavors & Fragrances (NYSE:IFF - Get Free Report) last released its earnings results on Tuesday, November 5th. The specialty chemicals company reported $0.62 EPS for the quarter, missing the consensus estimate of $1.08 by ($0.46). The company had revenue of $2.93 billion for the quarter, compared to analyst estimates of $2.83 billion. International Flavors & Fragrances had a negative net margin of 20.33% and a positive return on equity of 7.16%. The firm's quarterly revenue was up 3.7% on a year-over-year basis. During the same period in the previous year, the business posted $0.89 EPS. On average, equities research analysts forecast that International Flavors & Fragrances Inc. will post 4.16 EPS for the current year.

International Flavors & Fragrances Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 8th. Stockholders of record on Friday, December 20th will be paid a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.95%. The ex-dividend date is Friday, December 20th. International Flavors & Fragrances's dividend payout ratio is presently -17.60%.

Insiders Place Their Bets

In other news, insider Yuvraj Arora sold 5,000 shares of the firm's stock in a transaction 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 directly owns 3,238 shares of the company's stock, valued at $297,086.50. This trade represents a 60.69 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 0.20% of the stock is owned by company insiders.

Analyst Ratings Changes

Several equities research analysts have commented on the company. Vertical Research upgraded 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. Barclays raised 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 raised their target price on shares of International Flavors & Fragrances from $116.00 to $117.00 and gave the company an "outperform" rating in a research note on Wednesday, September 11th. Bank of America raised shares of International Flavors & Fragrances from a "neutral" rating to a "buy" rating and set a $107.00 price target for the company in a research report on Friday, November 8th. Finally, Stifel Nicolaus boosted their price objective on International Flavors & Fragrances from $115.00 to $121.00 and gave the stock a "buy" rating in a research note on Thursday, October 24th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and twelve have assigned a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $110.21.

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.