International Flavors & Fragrances Inc. (NYSE:IFF) Shares Sold by Swedbank AB

Swedbank AB cut its holdings in International Flavors & Fragrances Inc. (NYSE:IFF - Free Report) by 5.0% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 175,326 shares of the specialty chemicals company's stock after selling 9,269 shares during the quarter. Swedbank AB owned about 0.07% of International Flavors & Fragrances worth $18,397,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. Cerity Partners LLC raised its stake in shares of International Flavors & Fragrances by 75.4% during the third quarter. Cerity Partners LLC now owns 18,820 shares of the specialty chemicals company's stock worth $1,975,000 after purchasing an additional 8,089 shares during the last quarter. Waddell & Associates LLC raised its position in International Flavors & Fragrances by 23.9% during the 3rd quarter. Waddell & Associates LLC now owns 4,526 shares of the specialty chemicals company's stock worth $475,000 after buying an additional 872 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its stake in shares of International Flavors & Fragrances by 1.1% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,498,815 shares of the specialty chemicals company's stock worth $157,271,000 after acquiring an additional 16,590 shares during the period. Intech Investment Management LLC increased its stake in shares of International Flavors & Fragrances by 113.0% during the third quarter. Intech Investment Management LLC now owns 34,375 shares of the specialty chemicals company's stock worth $3,607,000 after acquiring an additional 18,239 shares during the period. Finally, Ontario Teachers Pension Plan Board raised its holdings in International Flavors & Fragrances by 167.1% during the third quarter. Ontario Teachers Pension Plan Board now owns 20,641 shares of the specialty chemicals company's stock worth $2,166,000 after purchasing an additional 12,913 shares in the last quarter. 96.02% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

IFF has been the topic of several recent analyst reports. Oppenheimer boosted their target price on International Flavors & Fragrances from $116.00 to $117.00 and gave the stock an "outperform" rating in a research report on Wednesday, September 11th. Bank of America raised International Flavors & Fragrances from a "neutral" rating to a "buy" rating and set a $107.00 price objective on the stock in a report on Friday, November 8th. Stifel Nicolaus raised their target price on International Flavors & Fragrances from $115.00 to $121.00 and gave the company a "buy" rating in a report on Thursday, October 24th. JPMorgan Chase & Co. lowered their price target on shares of 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. Finally, Barclays raised their price objective on shares of International Flavors & Fragrances from $93.00 to $99.00 and gave the company an "equal weight" rating in a research note on Friday, October 11th. One research 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's stock. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $109.27.

Insider Activity 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 transaction of $458,750.00. Following the completion of the sale, the insider now owns 3,238 shares of the company's stock, valued at approximately $297,086.50. The trade was a 60.69 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.09% of the stock is owned by insiders.

International Flavors & Fragrances Price Performance

International Flavors & Fragrances stock traded down $0.11 during mid-day trading on Wednesday, hitting $90.82. 1,035,775 shares of the company were exchanged, compared to its average volume of 1,677,531. The company has a debt-to-equity ratio of 0.58, a current ratio of 2.62 and a quick ratio of 1.93. The company has a market capitalization of $23.22 billion, a P/E ratio of -10.04, a PEG ratio of 1.60 and a beta of 1.22. International Flavors & Fragrances Inc. has a 12-month low of $72.94 and a 12-month high of $106.77. The business's 50 day simple moving average is $98.80 and its two-hundred day simple moving average is $98.28.

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). International Flavors & Fragrances had a positive return on equity of 7.16% and a negative net margin of 20.33%. The firm had revenue of $2.93 billion during the quarter, compared to analysts' expectations of $2.83 billion. During the same period in the previous year, the firm posted $0.89 earnings per share. The firm's revenue was up 3.7% on a year-over-year basis. Analysts forecast 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. Investors of record on Friday, December 20th will be issued a $0.40 dividend. The ex-dividend date is Friday, December 20th. This represents a $1.60 dividend on an annualized basis and a yield of 1.76%. International Flavors & Fragrances's payout ratio is -17.60%.

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.