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

Commerce Bank increased its stake in International Flavors & Fragrances Inc. (NYSE:IFF) by 16.3% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 3,989 shares of the specialty chemicals company’s stock after purchasing an additional 558 shares during the period. Commerce Bank’s holdings in International Flavors & Fragrances were worth $419,000 at the end of the most recent reporting period.

Other hedge funds have also made changes to their positions in the company. Northwest Investment Counselors LLC acquired a new stake in International Flavors & Fragrances in the third quarter worth $27,000. Family Firm Inc. bought a new stake in International Flavors & Fragrances in the 2nd quarter valued at about $38,000. Oakworth Capital Inc. bought a new stake in International Flavors & Fragrances in the 3rd quarter valued at about $44,000. Eastern Bank acquired a new position in International Flavors & Fragrances during the 3rd quarter valued at about $46,000. Finally, MCF Advisors LLC grew its position in International Flavors & Fragrances by 1,856.0% in the 2nd quarter. MCF Advisors LLC now owns 489 shares of the specialty chemicals company’s stock worth $47,000 after purchasing an additional 464 shares during the last quarter. Institutional investors own 96.02% of the company’s stock.

Insider Buying and Selling at International Flavors & Fragrances

In other news, insider Yuvraj Arora sold 5,000 shares of International Flavors & Fragrances stock in a transaction 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 transaction, 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 ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Company insiders own 0.09% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on IFF shares. Barclays boosted their price objective on International Flavors & Fragrances from $93.00 to $99.00 and gave the stock an “equal weight” rating in a research report on Friday, October 11th. Mizuho raised International Flavors & Fragrances from a “neutral” rating to an “outperform” rating and increased their price target for the stock from $109.00 to $120.00 in a research note on Tuesday, September 3rd. Wells Fargo & Company upped their price objective on shares of International Flavors & Fragrances from $110.00 to $115.00 and gave the stock an “overweight” rating in a report on Thursday, August 8th. UBS Group boosted their price target 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, Stifel Nicolaus increased their price objective on shares of International Flavors & Fragrances from $115.00 to $121.00 and gave the company a “buy” rating in a report on Thursday, October 24th. 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 company. According to MarketBeat.com, International Flavors & Fragrances currently has an average rating of “Moderate Buy” and an average price target of $109.27.

International Flavors & Fragrances Stock Performance

IFF opened at $90.88 on Wednesday. The company has a quick ratio of 1.93, a current ratio of 2.62 and a debt-to-equity ratio of 0.58. The firm has a market cap of $23.24 billion, a PE ratio of -10.00, a P/E/G ratio of 1.60 and a beta of 1.22. The business has a fifty day simple moving average of $99.07 and a 200-day simple moving average of $98.33. International Flavors & Fragrances Inc. has a fifty-two week low of $72.94 and a fifty-two week high of $106.77.

International Flavors & Fragrances (NYSE:IFF) last issued 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 company had revenue of $2.93 billion during the quarter, compared to analysts’ expectations of $2.83 billion. During the same period in the prior year, the business posted $0.89 EPS. The company’s revenue for the quarter was up 3.7% compared to the same quarter last year. As a group, equities analysts predict that International Flavors & Fragrances Inc. will post 4.16 EPS for the current fiscal year.

International Flavors & Fragrances Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 8th. Investors 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 yield of 1.76%. The ex-dividend date is Friday, December 20th. International Flavors & Fragrances’s dividend payout ratio is -17.60%.

International Flavors & Fragrances 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.