Toronto Dominion Bank Acquires 22,028 Shares of International Flavors & Fragrances Inc. (NYSE:IFF)

Toronto Dominion Bank lifted its position in International Flavors & Fragrances Inc. (NYSE:IFF - Free Report) by 21.1% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 126,257 shares of the specialty chemicals company's stock after acquiring an additional 22,028 shares during the period. Toronto Dominion Bank's holdings in International Flavors & Fragrances were worth $13,248,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in IFF. State Street Corp grew its stake in International Flavors & Fragrances by 1.9% during the 3rd quarter. State Street Corp now owns 10,467,517 shares of the specialty chemicals company's stock valued at $1,102,363,000 after acquiring an additional 196,696 shares in the last quarter. Geode Capital Management LLC increased its stake in International Flavors & Fragrances by 1.3% in the 3rd quarter. Geode Capital Management LLC now owns 6,008,830 shares of the specialty chemicals company's stock valued at $628,341,000 after buying an additional 77,521 shares during the period. First Pacific Advisors LP lifted its position in International Flavors & Fragrances by 2.0% in the 2nd quarter. First Pacific Advisors LP now owns 4,011,307 shares of the specialty chemicals company's stock worth $381,917,000 after buying an additional 80,558 shares in the last quarter. Dimensional Fund Advisors LP grew its holdings in shares of International Flavors & Fragrances by 7.6% during the 2nd quarter. Dimensional Fund Advisors LP now owns 1,756,438 shares of the specialty chemicals company's stock valued at $167,244,000 after acquiring an additional 123,693 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. increased its stake in shares of International Flavors & Fragrances by 1.1% in the third 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 last quarter. Institutional investors and hedge funds own 96.02% of the company's stock.

Insider Activity at International Flavors & Fragrances

In other news, insider Yuvraj Arora sold 5,000 shares of the business's 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 in the company, 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 document filed with the SEC, which is accessible through the SEC website. 0.20% of the stock is owned by corporate insiders.

International Flavors & Fragrances Stock Performance

Shares of NYSE IFF traded down $0.70 during trading hours on Friday, hitting $87.40. 1,157,221 shares of the company's stock were exchanged, compared to its average volume of 1,659,794. The stock has a market capitalization of $22.35 billion, a price-to-earnings ratio of -9.61, a PEG ratio of 1.55 and a beta of 1.17. The company's 50-day moving average price is $95.20 and its 200-day moving average price is $97.60. The company has a debt-to-equity ratio of 0.58, a current ratio of 2.62 and a quick ratio of 1.93. International Flavors & Fragrances Inc. has a 1-year low of $72.94 and a 1-year high of $106.77.

International Flavors & Fragrances (NYSE:IFF - Get Free Report) last posted its quarterly earnings data on Tuesday, November 5th. The specialty chemicals company reported $0.62 earnings per share 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 negative net margin of 20.33% and a positive return on equity of 7.16%. The firm's revenue was up 3.7% compared to the same quarter last year. During the same period in the prior year, the company posted $0.89 earnings per share. On average, sell-side analysts expect 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 disclosed a quarterly dividend, which will be paid on Wednesday, January 8th. Stockholders of record on Friday, December 20th will be given a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.83%. The ex-dividend date is Friday, December 20th. International Flavors & Fragrances's dividend payout ratio is currently -17.60%.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on IFF. Mizuho upgraded 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. Stifel Nicolaus boosted their price target on International Flavors & Fragrances from $115.00 to $121.00 and gave the company a "buy" rating in a research note on Thursday, October 24th. Morgan Stanley raised shares of International Flavors & Fragrances from an "equal weight" rating to an "overweight" rating and cut their price objective for the company from $111.00 to $110.00 in a research report on Tuesday, November 12th. UBS Group boosted their target price on shares of 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, Oppenheimer raised their price target on shares of International Flavors & Fragrances from $116.00 to $117.00 and gave the company an "outperform" rating in a report on Wednesday, September 11th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and twelve have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $111.00.

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.