International Flavors & Fragrances Inc. (NYSE:IFF) Holdings Raised by Commerce Bank

Commerce Bank grew its stake in shares of International Flavors & Fragrances Inc. (NYSE:IFF) by 16.3% during the 3rd quarter, HoldingsChannel reports. The fund owned 3,989 shares of the specialty chemicals company’s stock after acquiring an additional 558 shares during the period. Commerce Bank’s holdings in International Flavors & Fragrances were worth $419,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. Segall Bryant & Hamill LLC acquired a new position in International Flavors & Fragrances in the 3rd quarter worth about $1,153,000. PNC Financial Services Group Inc. increased its holdings in International Flavors & Fragrances by 5.3% in the third quarter. PNC Financial Services Group Inc. now owns 38,705 shares of the specialty chemicals company’s stock worth $4,061,000 after buying an additional 1,950 shares during the last quarter. B. Metzler seel. Sohn & Co. Holding AG bought a new position in International Flavors & Fragrances during the third quarter valued at approximately $1,740,000. Strengthening Families & Communities LLC lifted its stake in International Flavors & Fragrances by 8.8% in the third quarter. Strengthening Families & Communities LLC now owns 21,066 shares of the specialty chemicals company’s stock valued at $2,210,000 after acquiring an additional 1,695 shares during the last quarter. Finally, LMR Partners LLP acquired a new position in shares of International Flavors & Fragrances during the 3rd quarter worth $277,000. 96.02% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

IFF has been the subject of a number of recent research reports. UBS Group upped their price objective on shares of International Flavors & Fragrances from $108.00 to $111.00 and gave the stock a “neutral” rating in a report on Wednesday, November 6th. JPMorgan Chase & Co. lowered their price objective on International Flavors & Fragrances from $110.00 to $107.00 and set an “overweight” rating on the stock in a report on Thursday, November 7th. Stifel Nicolaus upped their target price on International Flavors & Fragrances from $115.00 to $121.00 and gave the stock a “buy” rating in a research report on Thursday, October 24th. Wells Fargo & Company lifted 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 report on Thursday, August 8th. Finally, Vertical Research raised shares of International Flavors & Fragrances from a “hold” rating to a “buy” rating and set a $109.00 price objective for the company in a report on Thursday, November 7th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and twelve have issued a buy rating to the company’s stock. Based on data from MarketBeat, International Flavors & Fragrances currently has a consensus rating of “Moderate Buy” and a consensus price target of $109.27.

Insider Activity

In other news, insider Yuvraj Arora sold 5,000 shares of the business’s 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 owns 3,238 shares in the company, valued at approximately $297,086.50. The trade was a 60.69 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 0.09% of the company’s stock.

International Flavors & Fragrances Trading Down 0.0 %

International Flavors & Fragrances stock opened at $90.88 on Wednesday. International Flavors & Fragrances Inc. has a 12 month low of $72.94 and a 12 month high of $106.77. The stock has a market cap of $23.24 billion, a price-to-earnings ratio of -10.00, a price-to-earnings-growth ratio of 1.60 and a beta of 1.22. The business has a 50 day moving average price of $99.07 and a two-hundred day moving average price of $98.33. 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) last posted its quarterly earnings results on Tuesday, November 5th. The specialty chemicals company reported $0.62 earnings per share for the quarter, missing analysts’ consensus estimates 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 business had revenue of $2.93 billion for the quarter, compared to analyst estimates of $2.83 billion. During the same quarter in the prior year, the firm earned $0.89 EPS. The firm’s quarterly revenue was up 3.7% on a year-over-year basis. As a group, equities analysts forecast that International Flavors & Fragrances Inc. will post 4.16 EPS for the current year.

International Flavors & Fragrances Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, January 8th. Shareholders of record on Friday, December 20th will be paid a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a yield of 1.76%. The ex-dividend date is Friday, December 20th. International Flavors & Fragrances’s dividend payout ratio is -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.