BNP Paribas Financial Markets Purchases 167,698 Shares of International Flavors & Fragrances Inc. (NYSE:IFF)

BNP Paribas Financial Markets increased its position in shares of International Flavors & Fragrances Inc. (NYSE:IFF) by 85.2% during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 364,577 shares of the specialty chemicals company’s stock after acquiring an additional 167,698 shares during the period. BNP Paribas Financial Markets owned about 0.14% of International Flavors & Fragrances worth $38,255,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of IFF. Virtu Financial LLC bought a new position in International Flavors & Fragrances in the 1st quarter valued at approximately $531,000. Swedbank AB bought a new position in shares of International Flavors & Fragrances during the first quarter valued at $19,945,000. Burney Co. acquired a new position in shares of International Flavors & Fragrances during the first quarter worth $202,000. Cetera Investment Advisers increased its holdings in International Flavors & Fragrances by 69.5% in the first quarter. Cetera Investment Advisers now owns 56,751 shares of the specialty chemicals company’s stock valued at $4,880,000 after purchasing an additional 23,278 shares during the period. Finally, Cetera Advisors LLC bought a new position in International Flavors & Fragrances during the 1st quarter worth $693,000. Institutional investors and hedge funds own 96.02% of the company’s stock.

Insider Activity at International Flavors & Fragrances

In related news, insider Yuvraj Arora sold 5,000 shares of the stock in a transaction on 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 directly owns 3,238 shares of the company’s stock, valued at approximately $297,086.50. This represents a 60.69 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. 0.20% of the stock is owned by insiders.

International Flavors & Fragrances Stock Performance

Shares of International Flavors & Fragrances stock opened at $90.82 on Friday. The business has a 50-day simple moving average of $98.55 and a 200 day simple moving average of $98.23. The firm has a market capitalization of $23.22 billion, a price-to-earnings ratio of -9.99, a PEG ratio of 1.60 and a beta of 1.22. The company has a debt-to-equity ratio of 0.58, a current ratio of 2.62 and a quick ratio of 1.93. International Flavors & Fragrances Inc. has a one year low of $72.94 and a one year high of $106.77.

International Flavors & Fragrances (NYSE:IFF) last issued 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 firm had revenue of $2.93 billion during the quarter, compared to the consensus estimate of $2.83 billion. International Flavors & Fragrances had a positive return on equity of 7.16% and a negative net margin of 20.33%. International Flavors & Fragrances’s revenue for the quarter was up 3.7% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.89 earnings per share. On average, research 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. Investors of record on Friday, December 20th will be issued a $0.40 dividend. The ex-dividend date of this dividend is Friday, December 20th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.76%. International Flavors & Fragrances’s dividend payout ratio is presently -17.60%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on the company. Oppenheimer upped their price target on International Flavors & Fragrances from $116.00 to $117.00 and gave the company an “outperform” rating in a research report on Wednesday, September 11th. Vertical Research raised shares of International Flavors & Fragrances from a “hold” rating to a “buy” rating and set a $109.00 target price for the company in a research report on Thursday, November 7th. Wells Fargo & Company boosted their price target on shares of International Flavors & Fragrances from $110.00 to $115.00 and gave the stock an “overweight” rating in a research report on Thursday, August 8th. Barclays increased their price objective on shares of 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. 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 on the stock 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 assigned a buy rating to the company. According to data from MarketBeat, International Flavors & Fragrances has a consensus rating of “Moderate Buy” and a consensus target price of $111.00.

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.