Czech National Bank Grows Stock Holdings in International Flavors & Fragrances Inc. (NYSE:IFF)

Czech National Bank lifted its stake in shares of International Flavors & Fragrances Inc. (NYSE:IFF) by 6.4% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 55,437 shares of the specialty chemicals company’s stock after purchasing an additional 3,357 shares during the quarter. Czech National Bank’s holdings in International Flavors & Fragrances were worth $4,687,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. Pictet North America Advisors SA increased its position in International Flavors & Fragrances by 3.1% during the 3rd quarter. Pictet North America Advisors SA now owns 3,275 shares of the specialty chemicals company’s stock worth $344,000 after purchasing an additional 99 shares during the period. Integrated Advisors Network LLC boosted its stake in shares of International Flavors & Fragrances by 1.9% during the 3rd quarter. Integrated Advisors Network LLC now owns 5,720 shares of the specialty chemicals company’s stock worth $600,000 after acquiring an additional 107 shares in the last quarter. CWM LLC raised its holdings in International Flavors & Fragrances by 1.7% during the third quarter. CWM LLC now owns 6,540 shares of the specialty chemicals company’s stock worth $686,000 after purchasing an additional 109 shares during the last quarter. Summit Trail Advisors LLC boosted its position in shares of International Flavors & Fragrances by 5.0% in the 2nd quarter. Summit Trail Advisors LLC now owns 2,471 shares of the specialty chemicals company’s stock worth $236,000 after buying an additional 117 shares in the last quarter. Finally, Orca Investment Management LLC grew its position in shares of International Flavors & Fragrances by 0.6% in the third quarter. Orca Investment Management LLC now owns 21,266 shares of the specialty chemicals company’s stock valued at $2,231,000 after purchasing an additional 122 shares during the last quarter. Hedge funds and other institutional investors own 96.02% of the company’s stock.

Insider Buying and Selling at International Flavors & Fragrances

In related news, insider Yuvraj Arora sold 5,000 shares of the firm’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 value of $458,750.00. Following the sale, the insider now directly owns 3,238 shares in the company, valued at $297,086.50. This trade represents a 60.69 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.20% of the stock is currently owned by insiders.

International Flavors & Fragrances Stock Performance

Shares of IFF opened at $84.20 on Thursday. International Flavors & Fragrances Inc. has a 52-week low of $72.94 and a 52-week high of $106.77. 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 $21.53 billion, a price-to-earnings ratio of -9.26, a PEG ratio of 1.54 and a beta of 1.18. The business’s 50 day moving average is $87.15 and its two-hundred day moving average is $95.74.

International Flavors & Fragrances (NYSE:IFF) last issued its quarterly 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). 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 for the quarter, compared to the consensus estimate of $2.83 billion. During the same period in the previous year, the business posted $0.89 EPS. The business’s revenue for the quarter was up 3.7% on a year-over-year basis. Analysts forecast that International Flavors & Fragrances Inc. will post 4.16 EPS for the current fiscal year.

International Flavors & Fragrances Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, January 8th. Shareholders of record on Friday, December 20th were issued a $0.40 dividend. The ex-dividend date was Friday, December 20th. This represents a $1.60 dividend on an annualized basis and a yield of 1.90%. International Flavors & Fragrances’s dividend payout ratio is currently -17.60%.

Wall Street Analyst Weigh In

Several analysts have recently issued reports on the company. Morgan Stanley upgraded International Flavors & Fragrances from an “equal weight” rating to an “overweight” rating and reduced their price objective for the company from $111.00 to $110.00 in a research report on Tuesday, November 12th. Argus raised shares of International Flavors & Fragrances from a “hold” rating to a “buy” rating in a research report on Tuesday, January 7th. Vertical Research upgraded shares of International Flavors & Fragrances from a “hold” rating to a “buy” rating and set a $109.00 target price on the stock in a research report on Thursday, November 7th. Barclays lifted their price objective on International Flavors & Fragrances from $93.00 to $99.00 and gave the company an “equal weight” rating in a research report on Friday, October 11th. Finally, UBS Group upped their price objective on shares of International Flavors & Fragrances from $108.00 to $111.00 and gave the company a “neutral” rating in a research note on Wednesday, November 6th. One analyst has rated the stock with a sell rating, three have given a hold rating and twelve have assigned a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $110.08.

International Flavors & Fragrances Company 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.