UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Has $341.10 Million Holdings in International Flavors & Fragrances Inc. (NYSE:IFF)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC reduced its stake in International Flavors & Fragrances Inc. (NYSE:IFF) by 9.2% in the 3rd quarter, HoldingsChannel reports. The institutional investor 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’s holdings in International Flavors & Fragrances were worth $341,098,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in the stock. First Pacific Advisors LP grew its holdings in shares of International Flavors & Fragrances by 2.0% during the 2nd quarter. First Pacific Advisors LP now owns 4,011,307 shares of the specialty chemicals company’s stock worth $381,917,000 after purchasing an additional 80,558 shares in the last quarter. 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 in the last quarter. Charles Schwab Investment Management Inc. raised its position in shares of International Flavors & Fragrances by 1.1% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,498,815 shares of the specialty chemicals company’s stock valued at $157,271,000 after buying an additional 16,590 shares in the last quarter. Albar Capital Ltd lifted its holdings in shares of International Flavors & Fragrances by 73.5% during the 2nd quarter. Albar Capital Ltd now owns 1,146,234 shares of the specialty chemicals company’s stock worth $109,133,000 after acquiring an additional 485,433 shares during the period. Finally, Swiss National Bank boosted its position in shares of International Flavors & Fragrances by 0.3% during the 3rd quarter. Swiss National Bank now owns 757,899 shares of the specialty chemicals company’s stock worth $79,526,000 after acquiring an additional 1,900 shares in the last quarter. Institutional investors and hedge funds own 96.02% of the company’s stock.

Insiders Place Their Bets

In other news, insider Yuvraj Arora sold 5,000 shares of the company’s stock in a transaction that occurred 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 directly owns 3,238 shares of the company’s stock, valued at $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 available through this link. Corporate insiders own 0.20% of the company’s stock.

Analyst Ratings Changes

IFF has been the subject of several recent analyst reports. 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 note on Thursday, October 24th. JPMorgan Chase & Co. lowered their target price on International Flavors & Fragrances from $110.00 to $107.00 and set an “overweight” rating for the company 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 price target on the stock in a research note on Friday, November 8th. UBS Group raised their target price on shares of International Flavors & Fragrances from $108.00 to $111.00 and gave the company a “neutral” rating in a research report on Wednesday, November 6th. Finally, Morgan Stanley upgraded International Flavors & Fragrances from an “equal weight” rating to an “overweight” rating and reduced their price objective for the stock from $111.00 to $110.00 in a research report on Tuesday, November 12th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and twelve have assigned a buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $111.00.

International Flavors & Fragrances Trading Up 0.6 %

NYSE IFF opened at $91.35 on Friday. International Flavors & Fragrances Inc. has a one year low of $72.94 and a one year high of $106.77. The company has a debt-to-equity ratio of 0.58, a current ratio of 2.62 and a quick ratio of 1.93. The business has a 50 day simple moving average of $98.30 and a 200 day simple moving average of $98.18. The stock has a market capitalization of $23.36 billion, a P/E ratio of -10.05, a P/E/G ratio of 1.60 and a beta of 1.22.

International Flavors & Fragrances (NYSE:IFF) last released its earnings results on Tuesday, November 5th. The specialty chemicals company reported $0.62 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.08 by ($0.46). The company had revenue of $2.93 billion for the quarter, compared to analyst estimates of $2.83 billion. International Flavors & Fragrances had a negative net margin of 20.33% and a positive return on equity of 7.16%. The firm’s revenue was up 3.7% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.89 EPS. Research analysts expect that International Flavors & Fragrances Inc. will post 4.16 earnings per share for the current year.

International Flavors & Fragrances Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, January 8th. Investors of record on Friday, December 20th will be given a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a yield of 1.75%. The ex-dividend date of this dividend is Friday, December 20th. International Flavors & Fragrances’s 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.