Swiss Life Asset Management Ltd Has $4.21 Million Stake in International Flavors & Fragrances Inc. $IFF

Swiss Life Asset Management Ltd grew its position in International Flavors & Fragrances Inc. (NYSE:IFF) by 47.2% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 68,363 shares of the specialty chemicals company’s stock after buying an additional 21,936 shares during the quarter. Swiss Life Asset Management Ltd’s holdings in International Flavors & Fragrances were worth $4,207,000 as of its most recent SEC filing.

Several other large investors have also made changes to their positions in the company. JPMorgan Chase & Co. raised its position in International Flavors & Fragrances by 28.8% during the third quarter. JPMorgan Chase & Co. now owns 1,098,575 shares of the specialty chemicals company’s stock valued at $67,612,000 after purchasing an additional 245,719 shares in the last quarter. CIBC Bancorp USA Inc. acquired a new stake in shares of International Flavors & Fragrances in the 3rd quarter valued at $9,627,000. Danske Bank A S bought a new position in shares of International Flavors & Fragrances in the 3rd quarter valued at $10,539,000. Advisory Services Network LLC bought a new position in shares of International Flavors & Fragrances in the 3rd quarter valued at $130,000. Finally, Keystone Financial Group acquired a new position in shares of International Flavors & Fragrances during the 3rd quarter worth $211,000. Institutional investors and hedge funds own 96.02% of the company’s stock.

International Flavors & Fragrances Stock Down 2.3%

Shares of NYSE IFF opened at $66.59 on Monday. The company has a 50 day simple moving average of $74.59 and a 200 day simple moving average of $68.27. The company has a debt-to-equity ratio of 0.33, a current ratio of 1.42 and a quick ratio of 0.85. International Flavors & Fragrances Inc. has a 1 year low of $59.14 and a 1 year high of $84.45. The firm has a market cap of $17.01 billion, a PE ratio of -48.61, a price-to-earnings-growth ratio of 1.75 and a beta of 0.99.

International Flavors & Fragrances (NYSE:IFF) last posted its earnings results on Wednesday, February 11th. The specialty chemicals company reported $0.80 earnings per share for the quarter, missing analysts’ consensus estimates of $0.85 by ($0.05). The business had revenue of $2.59 billion for the quarter, compared to the consensus estimate of $2.52 billion. International Flavors & Fragrances had a positive return on equity of 7.67% and a negative net margin of 3.20%.The company’s revenue was down 6.6% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.97 earnings per share. On average, research analysts forecast that International Flavors & Fragrances Inc. will post 4.32 EPS for the current year.

International Flavors & Fragrances Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, April 10th. Investors of record on Friday, March 20th will be issued a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a yield of 2.4%. The ex-dividend date is Friday, March 20th. International Flavors & Fragrances’s dividend payout ratio is presently -116.79%.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on IFF. Oppenheimer raised shares of International Flavors & Fragrances from a “market perform” rating to an “outperform” rating and set a $97.00 target price for the company in a report on Friday, February 13th. Citigroup raised their target price on shares of International Flavors & Fragrances from $83.00 to $95.00 and gave the company a “buy” rating in a research report on Friday, February 13th. BNP Paribas Exane decreased their target price on shares of International Flavors & Fragrances from $89.00 to $88.00 and set an “outperform” rating on the stock in a research note on Friday, February 13th. Deutsche Bank Aktiengesellschaft upped their price target on shares of International Flavors & Fragrances from $75.00 to $95.00 and gave the stock a “buy” rating in a report on Tuesday, February 17th. Finally, Berenberg Bank cut their price objective on International Flavors & Fragrances from $78.30 to $77.50 and set a “hold” rating on the stock in a report on Thursday, February 5th. Thirteen investment analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, International Flavors & Fragrances presently has an average rating of “Moderate Buy” and an average price target of $90.09.

Insider Transactions at International Flavors & Fragrances

In related news, Director Paul J. Fribourg bought 142,000 shares of the stock in a transaction that occurred on Thursday, March 12th. The stock was acquired at an average cost of $70.13 per share, with a total value of $9,958,460.00. Following the transaction, the director directly owned 2,422,730 shares in the company, valued at approximately $169,906,054.90. This trade represents a 6.23% increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 0.17% of the stock is currently owned by corporate insiders.

International Flavors & Fragrances Company Profile

International Flavors & Fragrances Inc (NYSE:IFF) is a global leader in the creation and production of flavors, fragrances, cosmetic actives and nutritional lipids. The company develops taste and scent solutions for a wide array of end markets including food and beverage, personal care, household goods and pharmaceutical products. Its portfolio spans natural and nature-identical flavors, fine fragrances, functional ingredients for skin and hair care, and specialty oils that enhance nutritional value and sensory appeal.

IFF’s research and development network comprises innovation centers in North America, Europe, Asia-Pacific and Latin America, where multidisciplinary teams collaborate on aroma chemistry, sensory science and biotechnology.