Cibc World Markets Corp Has $11.71 Million Stock Position in International Flavors & Fragrances Inc. (NYSE:IFF)

Cibc World Markets Corp lifted its position in shares of International Flavors & Fragrances Inc. (NYSE:IFF) by 299.1% in the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 138,522 shares of the specialty chemicals company’s stock after buying an additional 103,810 shares during the quarter. Cibc World Markets Corp’s holdings in International Flavors & Fragrances were worth $11,712,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. State Street Corp grew its position in International Flavors & Fragrances by 1.9% in the third 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 during the last quarter. Geode Capital Management LLC lifted its stake in shares of International Flavors & Fragrances by 1.3% in the third quarter. Geode Capital Management LLC now owns 6,008,830 shares of the specialty chemicals company’s stock worth $628,341,000 after acquiring an additional 77,521 shares during the period. Van ECK Associates Corp lifted its stake in International Flavors & Fragrances by 41.6% in the fourth quarter. Van ECK Associates Corp now owns 5,664,250 shares of the specialty chemicals company’s stock valued at $478,912,000 after buying an additional 1,663,629 shares during the period. Nordea Investment Management AB lifted its stake in International Flavors & Fragrances by 25.7% in the fourth quarter. Nordea Investment Management AB now owns 5,489,741 shares of the specialty chemicals company’s stock valued at $464,926,000 after buying an additional 1,121,414 shares during the period. Finally, First Pacific Advisors LP lifted its stake in International Flavors & Fragrances by 0.6% in the fourth quarter. First Pacific Advisors LP now owns 4,029,773 shares of the specialty chemicals company’s stock valued at $340,717,000 after buying an additional 22,991 shares during the period. Institutional investors own 96.02% of the company’s stock.

Analysts Set New Price Targets

Several research firms have recently commented on IFF. Barclays decreased their price objective on International Flavors & Fragrances from $90.00 to $88.00 and set an “equal weight” rating for the company in a report on Friday, January 17th. JPMorgan Chase & Co. reduced their price objective on International Flavors & Fragrances from $107.00 to $104.00 and set an “overweight” rating for the company in a research note on Thursday, February 20th. Wells Fargo & Company dropped their price target on International Flavors & Fragrances from $115.00 to $105.00 and set an “overweight” rating on the stock in a research report on Thursday, February 20th. Oppenheimer dropped their price objective on International Flavors & Fragrances from $114.00 to $104.00 and set an “outperform” rating on the stock in a report on Thursday, February 20th. Finally, Bank of America lowered their price target on International Flavors & Fragrances from $105.00 to $101.00 and set a “buy” rating on the stock in a report on Thursday, February 20th. One analyst has rated the stock with a sell rating, three have given a hold rating and twelve have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $103.50.

Insider Transactions at International Flavors & Fragrances

In other news, Director Kevin O’byrne purchased 6,500 shares of the stock in a transaction on Wednesday, March 5th. The stock was bought at an average price of $80.44 per share, with a total value of $522,860.00. Following the transaction, the director now owns 6,500 shares in the company, valued at $522,860. The trade was a ∞ increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 0.20% of the company’s stock.

International Flavors & Fragrances Price Performance

NYSE:IFF opened at $82.07 on Tuesday. The company has a debt-to-equity ratio of 0.54, a current ratio of 1.84 and a quick ratio of 1.93. The business has a 50 day simple moving average of $83.41 and a 200-day simple moving average of $91.37. International Flavors & Fragrances Inc. has a 1 year low of $78.91 and a 1 year high of $106.77. The firm has a market capitalization of $20.99 billion, a price-to-earnings ratio of 87.31, a PEG ratio of 1.45 and a beta of 1.21.

International Flavors & Fragrances (NYSE:IFF) last released its quarterly earnings data on Tuesday, February 18th. The specialty chemicals company reported $0.97 EPS for the quarter, topping the consensus estimate of $0.83 by $0.14. The company had revenue of $2.77 billion for the quarter, compared to the consensus estimate of $2.67 billion. International Flavors & Fragrances had a return on equity of 7.72% and a net margin of 2.12%. Equities analysts forecast that International Flavors & Fragrances Inc. will post 4.32 EPS for the current year.

International Flavors & Fragrances Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, April 11th. Stockholders of record on Friday, March 21st will be given a $0.40 dividend. The ex-dividend date of this dividend is Friday, March 21st. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.95%. International Flavors & Fragrances’s payout ratio is 170.21%.

International Flavors & Fragrances Profile

International Flavors & Fragrances, Inc engages in the manufacture and supply of flavors and fragrances used in the food, beverage, personal care, and household products industries. It operates through the following segments: Nourish, Health & Biosciences, Scent and Pharma Solutions. The Nourish segment consists of legacy Taste segment combined with N&B’s Food & Beverage division and the food protection business of N&B’s Health & Biosciences division.