BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp Has $4.47 Million Stake in International Flavors & Fragrances Inc. (NYSE:IFF)

BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp reduced its position in shares of International Flavors & Fragrances Inc. (NYSE:IFF) by 12.9% in the 3rd quarter, HoldingsChannel.com reports. The firm owned 42,599 shares of the specialty chemicals company’s stock after selling 6,299 shares during the quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp’s holdings in International Flavors & Fragrances were worth $4,470,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also added to or reduced their stakes in the company. Northwest Investment Counselors LLC acquired a new stake in shares of International Flavors & Fragrances during the third quarter worth $27,000. Family Firm Inc. acquired a new stake in International Flavors & Fragrances in the 2nd quarter worth 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 shares of International Flavors & Fragrances during the 3rd quarter worth approximately $46,000. Finally, MCF Advisors LLC increased its holdings in shares of International Flavors & Fragrances by 1,856.0% during the second 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 period. 96.02% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on IFF shares. Vertical Research raised International Flavors & Fragrances from a “hold” rating to a “buy” rating and set a $109.00 price target on the stock in a research report on Thursday, November 7th. UBS Group increased their target price on International Flavors & Fragrances from $108.00 to $111.00 and gave the stock a “neutral” rating in a report on Wednesday, November 6th. Mizuho raised 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 note on Tuesday, September 3rd. Oppenheimer increased their price objective on shares of International Flavors & Fragrances from $116.00 to $117.00 and gave the stock an “outperform” rating in a research note on Wednesday, September 11th. Finally, JPMorgan Chase & Co. dropped their target price on shares of International Flavors & Fragrances from $110.00 to $107.00 and set an “overweight” rating for the company in a research report on Thursday, November 7th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and twelve have given a buy rating to the company. According to MarketBeat, International Flavors & Fragrances currently has an average rating of “Moderate Buy” and an average price target of $111.00.

International Flavors & Fragrances Stock Down 0.1 %

Shares of IFF opened at $91.27 on Tuesday. The company has a debt-to-equity ratio of 0.58, a quick ratio of 1.93 and a current ratio of 2.62. International Flavors & Fragrances Inc. has a 52 week low of $72.94 and a 52 week high of $106.77. The stock has a market capitalization of $23.34 billion, a price-to-earnings ratio of -10.04, a PEG ratio of 1.61 and a beta of 1.22. The stock has a fifty day moving average of $98.08 and a 200-day moving average of $98.17.

International Flavors & Fragrances (NYSE:IFF) last posted its earnings results on Tuesday, November 5th. The specialty chemicals company reported $0.62 EPS for the quarter, missing the consensus estimate of $1.08 by ($0.46). The firm had revenue of $2.93 billion during the quarter, compared to the consensus estimate of $2.83 billion. International Flavors & Fragrances had a negative net margin of 20.33% and a positive return on equity of 7.16%. International Flavors & Fragrances’s revenue for the quarter was up 3.7% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.89 earnings per share. As a group, sell-side analysts anticipate that International Flavors & Fragrances Inc. will post 4.16 earnings per share for the current fiscal year.

International Flavors & Fragrances Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, January 8th. Shareholders of record on Friday, December 20th will be issued a dividend of $0.40 per share. 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%.

Insider Activity

In other news, insider Yuvraj Arora sold 5,000 shares of the stock in a transaction dated Monday, November 11th. The stock was 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 filing with the SEC, which is accessible through the SEC website. Insiders own 0.20% of the company’s stock.

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.