Zurich Insurance Group Ltd FI Takes $19.81 Million Position in International Flavors & Fragrances Inc. (NYSE:IFF)

Zurich Insurance Group Ltd FI bought a new stake in shares of International Flavors & Fragrances Inc. (NYSE:IFF - Free Report) in the 3rd quarter, according to its most recent filing with the SEC. The institutional investor bought 188,821 shares of the specialty chemicals company's stock, valued at approximately $19,813,000. Zurich Insurance Group Ltd FI owned about 0.07% of International Flavors & Fragrances at the end of the most recent reporting period.

Other hedge funds have also recently bought and sold shares of the company. Cetera Advisors LLC bought a new stake in shares of International Flavors & Fragrances during the first quarter valued at approximately $693,000. CWM LLC lifted its holdings in shares of International Flavors & Fragrances by 9.1% during the 2nd quarter. CWM LLC now owns 6,431 shares of the specialty chemicals company's stock worth $612,000 after acquiring an additional 535 shares during the period. QRG Capital Management Inc. increased its stake in International Flavors & Fragrances by 10.6% in the second quarter. QRG Capital Management Inc. now owns 3,206 shares of the specialty chemicals company's stock valued at $305,000 after acquiring an additional 306 shares during the period. SG Americas Securities LLC raised its position in International Flavors & Fragrances by 54.5% in the second quarter. SG Americas Securities LLC now owns 52,568 shares of the specialty chemicals company's stock worth $5,005,000 after purchasing an additional 18,552 shares in the last quarter. Finally, Czech National Bank lifted its stake in International Flavors & Fragrances by 8.3% during the second quarter. Czech National Bank now owns 48,659 shares of the specialty chemicals company's stock worth $4,633,000 after purchasing an additional 3,743 shares during the period. 96.02% of the stock is owned by institutional investors.

Insider Transactions at International Flavors & Fragrances

In other International Flavors & Fragrances news, insider Yuvraj Arora sold 5,000 shares of the company's stock in a transaction that occurred 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 sale, the insider now owns 3,238 shares of the company's stock, valued at approximately $297,086.50. This represents a 60.69 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 0.20% of the stock is owned by corporate insiders.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on IFF shares. Oppenheimer increased their target price on International Flavors & Fragrances from $116.00 to $117.00 and gave the stock an "outperform" rating in a report on Wednesday, September 11th. UBS Group increased their price objective on International Flavors & Fragrances from $108.00 to $111.00 and gave the stock a "neutral" rating in a research note on Wednesday, November 6th. Vertical Research upgraded shares of International Flavors & Fragrances from a "hold" rating to a "buy" rating and set a $109.00 target price on the stock in a research note on Thursday, November 7th. Bank of America upgraded shares of International Flavors & Fragrances from a "neutral" rating to a "buy" rating and set a $107.00 target price for the company in a research report on Friday, November 8th. Finally, Mizuho upgraded shares of International Flavors & Fragrances from a "neutral" rating to an "outperform" rating and boosted their price target for the company from $109.00 to $120.00 in a research report on Tuesday, September 3rd. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and twelve have given a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $111.00.

International Flavors & Fragrances Trading Down 0.1 %

IFF traded down $0.08 during mid-day trading on Friday, reaching $88.92. The stock had a trading volume of 992,336 shares, compared to its average volume of 1,681,603. The stock has a market capitalization of $22.74 billion, a P/E ratio of -9.78, a P/E/G ratio of 1.58 and a beta of 1.17. International Flavors & Fragrances Inc. has a 52 week low of $72.94 and a 52 week high of $106.77. 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 firm's fifty day simple moving average is $96.62 and its two-hundred day simple moving average is $97.86.

International Flavors & Fragrances (NYSE:IFF - Get Free Report) last posted its quarterly earnings results on Tuesday, November 5th. The specialty chemicals company reported $0.62 earnings per share (EPS) 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 firm had revenue of $2.93 billion during the quarter, compared to the consensus estimate of $2.83 billion. During the same quarter in the prior year, the business earned $0.89 EPS. International Flavors & Fragrances's revenue was up 3.7% on a year-over-year basis. On average, equities analysts predict that International Flavors & Fragrances Inc. will post 4.16 EPS for the current year.

International Flavors & Fragrances Announces Dividend

The business also recently declared 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 1.80%. The ex-dividend date is Friday, December 20th. International Flavors & Fragrances's dividend payout ratio (DPR) is currently -17.60%.

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.