UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Sells 331,330 Shares of International Flavors & Fragrances Inc. (NYSE:IFF)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lessened its holdings in shares of International Flavors & Fragrances Inc. (NYSE:IFF) by 9.2% in the 3rd quarter, according to its most recent filing with the SEC. The fund owned 3,250,721 shares of the specialty chemicals company’s stock after selling 331,330 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned approximately 1.27% of International Flavors & Fragrances worth $341,098,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in the business. Northwest Investment Counselors LLC acquired a new stake in shares of International Flavors & Fragrances during the 3rd quarter valued at about $27,000. Family Firm Inc. acquired a new position in International Flavors & Fragrances in the second quarter worth $38,000. Oakworth Capital Inc. bought a new stake in International Flavors & Fragrances during the 3rd quarter worth about $44,000. Eastern Bank bought a new position in International Flavors & Fragrances in the third quarter valued at about $46,000. Finally, Ashton Thomas Securities LLC acquired a new position in International Flavors & Fragrances in the third quarter valued at about $48,000. Institutional investors own 96.02% of the company’s stock.

Insider Transactions at International Flavors & Fragrances

In related news, insider Yuvraj Arora sold 5,000 shares of International Flavors & Fragrances stock in a transaction that occurred on Monday, November 11th. The stock was sold at an average price of $91.75, for a total transaction 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 trade represents a 60.69 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. 0.20% of the stock is currently owned by corporate insiders.

International Flavors & Fragrances Stock Performance

Shares of IFF opened at $91.35 on Friday. The company has a debt-to-equity ratio of 0.58, a current ratio of 2.62 and a quick ratio of 1.93. The firm has a 50-day moving average of $98.30 and a 200-day moving average of $98.18. The company has a market cap of $23.36 billion, a PE ratio of -10.05, a price-to-earnings-growth ratio of 1.60 and a beta of 1.22. 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 released its quarterly earnings data on Tuesday, November 5th. The specialty chemicals company reported $0.62 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.08 by ($0.46). International Flavors & Fragrances had a negative net margin of 20.33% and a positive return on equity of 7.16%. The business had revenue of $2.93 billion during the quarter, compared to the consensus estimate of $2.83 billion. During the same quarter in the prior year, the company earned $0.89 EPS. International Flavors & Fragrances’s quarterly revenue was up 3.7% on a year-over-year basis. As a group, equities analysts forecast that International Flavors & Fragrances Inc. will post 4.16 earnings per share for the current year.

International Flavors & Fragrances Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 8th. Stockholders of record on Friday, December 20th will be given a $0.40 dividend. This represents a $1.60 annualized dividend and a dividend yield of 1.75%. The ex-dividend date is Friday, December 20th. International Flavors & Fragrances’s payout ratio is presently -17.60%.

Analyst Ratings Changes

Several brokerages recently issued reports on IFF. Wells Fargo & Company boosted their price objective on International Flavors & Fragrances from $110.00 to $115.00 and gave the company 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. UBS Group upped their target price on shares of International Flavors & Fragrances from $108.00 to $111.00 and gave the stock a “neutral” rating in a research note on Wednesday, November 6th. Stifel Nicolaus lifted their price target on International Flavors & Fragrances from $115.00 to $121.00 and gave the company a “buy” rating in a research note on Thursday, October 24th. Finally, Bank of America upgraded International Flavors & Fragrances from a “neutral” rating to a “buy” rating and set a $107.00 price objective for the company in a report on Friday, November 8th. One analyst has rated the stock with a sell rating, four have given a hold rating and twelve have given a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $111.00.

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.