UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Sells 331,330 Shares of International Flavors & Fragrances Inc. (NYSE:IFF)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lowered its holdings in International Flavors & Fragrances Inc. (NYSE:IFF - Free Report) by 9.2% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 3,250,721 shares of the specialty chemicals company's stock after selling 331,330 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned 1.27% of International Flavors & Fragrances worth $341,098,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the business. First Pacific Advisors LP increased its stake in International Flavors & Fragrances by 2.0% in the second quarter. First Pacific Advisors LP now owns 4,011,307 shares of the specialty chemicals company's stock valued at $381,917,000 after acquiring an additional 80,558 shares during the period. Dimensional Fund Advisors LP grew its stake in International Flavors & Fragrances by 7.6% during the second quarter. Dimensional Fund Advisors LP now owns 1,756,438 shares of the specialty chemicals company's stock worth $167,244,000 after buying an additional 123,693 shares during the last quarter. Charles Schwab Investment Management Inc. grew its stake in International Flavors & Fragrances by 1.1% during 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 buying an additional 16,590 shares during the last quarter. Albar Capital Ltd grew its stake in International Flavors & Fragrances by 73.5% during the second 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 during the last quarter. Finally, Swiss National Bank grew its stake in International Flavors & Fragrances by 0.3% during the third quarter. Swiss National Bank now owns 757,899 shares of the specialty chemicals company's stock worth $79,526,000 after buying an additional 1,900 shares during the last quarter. Institutional investors own 96.02% of the company's stock.

Analyst Ratings Changes

IFF has been the topic of several research analyst reports. Morgan Stanley raised shares of International Flavors & Fragrances from an "equal weight" rating to an "overweight" rating and decreased their price objective for the stock from $111.00 to $110.00 in a research note on Tuesday, November 12th. Mizuho raised shares of International Flavors & Fragrances from a "neutral" rating to an "outperform" rating and upped their price objective for the stock from $109.00 to $120.00 in a research note on Tuesday, September 3rd. JPMorgan Chase & Co. decreased their price objective 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. UBS Group increased their price target on shares of International Flavors & Fragrances from $108.00 to $111.00 and gave the company a "neutral" rating in a research note on Wednesday, November 6th. Finally, Wells Fargo & Company increased their price target on shares of International Flavors & Fragrances from $110.00 to $115.00 and gave the company an "overweight" rating in a research note on Thursday, August 8th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and twelve have given a buy rating to the company. According to data from MarketBeat.com, International Flavors & Fragrances has a consensus rating of "Moderate Buy" and an average target price of $111.00.

Insiders Place Their Bets

In other International Flavors & Fragrances news, insider Yuvraj Arora sold 5,000 shares of the 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 sale, the insider now directly owns 3,238 shares in the company, valued at approximately $297,086.50. This trade represents 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. Company insiders own 0.20% of the company's stock.

International Flavors & Fragrances Trading Up 0.6 %

NYSE IFF traded up $0.54 during trading hours on Friday, hitting $91.36. The company's stock had a trading volume of 806,480 shares, compared to its average volume of 1,673,760. The stock has a fifty day moving average of $98.08 and a 200 day moving average of $98.15. 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 P/E ratio of -10.05, a PEG ratio of 1.60 and a beta of 1.22. The company has a quick ratio of 1.93, a current ratio of 2.62 and a debt-to-equity ratio of 0.58.

International Flavors & Fragrances (NYSE:IFF - Get Free Report) last announced 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). International Flavors & Fragrances had a negative net margin of 20.33% and a positive return on equity of 7.16%. The business had revenue of $2.93 billion during the quarter, compared to analyst estimates of $2.83 billion. During the same quarter in the prior year, the company earned $0.89 earnings per share. The company's quarterly revenue was up 3.7% on a year-over-year basis. Equities research analysts forecast that International Flavors & Fragrances Inc. will post 4.16 earnings per share for the current fiscal year.

International Flavors & Fragrances Announces Dividend

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