UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Sells 94,581 Shares of International Flavors & Fragrances Inc. $IFF

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC trimmed its position in International Flavors & Fragrances Inc. (NYSE:IFF) by 1.5% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 6,112,514 shares of the specialty chemicals company’s stock after selling 94,581 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC’s holdings in International Flavors & Fragrances were worth $484,233,000 at the end of the most recent reporting period.

Other institutional investors have also recently bought and sold shares of the company. BlackRock Inc. bought a new stake in International Flavors & Fragrances in the 2nd quarter valued at $1,835,955,000. State Street Corp increased its holdings in International Flavors & Fragrances by 1.1% during the 4th quarter. State Street Corp now owns 11,092,368 shares of the specialty chemicals company’s stock valued at $751,875,000 after purchasing an additional 121,260 shares in the last quarter. First Eagle Investment Management LLC boosted its stake in International Flavors & Fragrances by 27.5% in the fourth quarter. First Eagle Investment Management LLC now owns 8,831,668 shares of the specialty chemicals company’s stock worth $595,166,000 after purchasing an additional 1,904,598 shares in the last quarter. Invesco Ltd. increased its stake in shares of International Flavors & Fragrances by 4.9% in the fourth quarter. Invesco Ltd. now owns 7,519,812 shares of the specialty chemicals company’s stock valued at $506,760,000 after buying an additional 352,636 shares in the last quarter. Finally, Geode Capital Management LLC raised its holdings in shares of International Flavors & Fragrances by 2.6% in the fourth quarter. Geode Capital Management LLC now owns 6,771,894 shares of the specialty chemicals company’s stock valued at $454,607,000 after buying an additional 172,781 shares during the last quarter. Institutional investors and hedge funds own 96.02% of the company’s stock.

Insider Buying and Selling at International Flavors & Fragrances

In other International Flavors & Fragrances news, CAO Marc Birenkrant sold 1,000 shares of the firm’s stock in a transaction that occurred on Friday, August 7th. The stock was sold at an average price of $85.00, for a total value of $85,000.00. Following the completion of the transaction, the chief accounting officer directly owned 3,446 shares in the company, valued at $292,910. This trade represents a 22.49% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, EVP Michael Deveau sold 8,825 shares of the business’s stock in a transaction that occurred on Thursday, August 6th. The stock was sold at an average price of $85.55, for a total value of $754,978.75. Following the transaction, the executive vice president directly owned 5,199 shares in the company, valued at $444,774.45. This trade represents a 62.93% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders have sold 15,543 shares of company stock worth $1,315,659. Corporate insiders own 1.07% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on the stock. Barclays boosted their target price on shares of International Flavors & Fragrances from $90.00 to $96.00 and gave the stock an “overweight” rating in a research note on Friday, August 7th. UBS Group increased their price objective on International Flavors & Fragrances from $84.00 to $91.00 and gave the company a “neutral” rating in a research report on Thursday, August 6th. Weiss Ratings cut International Flavors & Fragrances from a “hold (c)” rating to a “hold (c-)” rating in a research note on Monday, August 17th. JPMorgan Chase & Co. upped their price target on International Flavors & Fragrances from $90.00 to $92.00 and gave the company an “overweight” rating in a research note on Thursday, May 7th. Finally, Rothschild & Co Redburn lowered their price objective on International Flavors & Fragrances from $74.00 to $71.00 in a research report on Friday, May 8th. Twelve equities research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, International Flavors & Fragrances presently has a consensus rating of “Moderate Buy” and a consensus target price of $91.40.

International Flavors & Fragrances Stock Down 0.1%

International Flavors & Fragrances stock opened at $87.88 on Monday. The company has a 50 day moving average of $80.54 and a 200-day moving average of $76.81. The company has a quick ratio of 1.72, a current ratio of 2.06 and a debt-to-equity ratio of 0.34. International Flavors & Fragrances Inc. has a twelve month low of $59.14 and a twelve month high of $89.32. The stock has a market capitalization of $22.42 billion, a PE ratio of 80.62, a price-to-earnings-growth ratio of 3.25 and a beta of 0.93.

International Flavors & Fragrances (NYSE:IFF) last posted its quarterly earnings data on Tuesday, August 4th. The specialty chemicals company reported $0.82 EPS for the quarter, missing the consensus estimate of $1.07 by ($0.25). The company had revenue of $1.95 billion during the quarter, compared to the consensus estimate of $2.62 billion. International Flavors & Fragrances had a net margin of 2.78% and a return on equity of 7.11%. The company’s revenue was up 1.8% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.15 earnings per share. On average, equities research analysts anticipate that International Flavors & Fragrances Inc. will post 3.08 EPS for the current fiscal year.

International Flavors & Fragrances declared that its Board of Directors has approved a share repurchase plan on Tuesday, August 4th that permits the company to repurchase $2.50 billion in shares. This repurchase authorization permits the specialty chemicals company to buy up to 12.1% of its shares through open market purchases. Shares repurchase plans are generally an indication that the company’s board of directors believes its stock is undervalued.

International Flavors & Fragrances Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, October 9th. Investors of record on Friday, September 18th will be given a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a yield of 1.8%. The ex-dividend date of this dividend is Friday, September 18th. International Flavors & Fragrances’s dividend payout ratio (DPR) is currently 146.79%.

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.