Bank of Montreal Can Has $22.20 Million Stock Holdings in International Flavors & Fragrances Inc. (NYSE:IFF)

Bank of Montreal Can reduced its stake in shares of International Flavors & Fragrances Inc. (NYSE:IFF) by 12.3% in the 3rd quarter, Holdings Channel.com reports. The firm owned 211,155 shares of the specialty chemicals company’s stock after selling 29,584 shares during the quarter. Bank of Montreal Can’s holdings in International Flavors & Fragrances were worth $22,197,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also recently bought and sold shares of the company. Mirabella Financial Services LLP increased its holdings in shares of International Flavors & Fragrances by 1.0% during the 3rd quarter. Mirabella Financial Services LLP now owns 33,540 shares of the specialty chemicals company’s stock worth $3,519,000 after purchasing an additional 333 shares during the period. Dynamic Technology Lab Private Ltd bought a new position in International Flavors & Fragrances during the third quarter valued at about $576,000. Daiwa Securities Group Inc. raised its holdings in International Flavors & Fragrances by 79.3% in the 3rd quarter. Daiwa Securities Group Inc. now owns 49,800 shares of the specialty chemicals company’s stock valued at $5,225,000 after acquiring an additional 22,026 shares in the last quarter. Alpha DNA Investment Management LLC bought a new stake in shares of International Flavors & Fragrances in the 3rd quarter worth approximately $791,000. Finally, Larson Financial Group LLC grew its holdings in shares of International Flavors & Fragrances by 40.6% during the 3rd quarter. Larson Financial Group LLC now owns 3,232 shares of the specialty chemicals company’s stock worth $339,000 after purchasing an additional 933 shares in the last quarter. 96.02% of the stock is owned by institutional investors.

International Flavors & Fragrances Stock Up 0.6 %

Shares of NYSE:IFF opened at $91.35 on Friday. International Flavors & Fragrances Inc. has a 12 month low of $72.94 and a 12 month high of $106.77. The firm has a market cap of $23.36 billion, a P/E ratio of -10.05, a P/E/G ratio of 1.60 and a beta of 1.22. 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 company’s 50-day moving average price is $98.30 and its two-hundred day moving average price is $98.18.

International Flavors & Fragrances (NYSE:IFF) last issued its quarterly earnings results on Tuesday, November 5th. The specialty chemicals company reported $0.62 earnings per share for the quarter, missing analysts’ consensus estimates of $1.08 by ($0.46). The company had revenue of $2.93 billion during the quarter, compared to analyst estimates of $2.83 billion. International Flavors & Fragrances had a negative net margin of 20.33% and a positive return on equity of 7.16%. The business’s revenue for the quarter was up 3.7% on a year-over-year basis. During the same period in the prior year, the business earned $0.89 EPS. As a group, research analysts forecast that International Flavors & Fragrances Inc. will post 4.16 EPS for the current fiscal year.

International Flavors & Fragrances Announces Dividend

The company also recently declared 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. This represents a $1.60 annualized dividend and a yield of 1.75%. The ex-dividend date of this dividend is Friday, December 20th. International Flavors & Fragrances’s dividend payout ratio is -17.60%.

Insider Buying and Selling

In other International Flavors & Fragrances news, insider Yuvraj Arora sold 5,000 shares of International Flavors & Fragrances stock in a transaction on Monday, November 11th. The shares were 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 owns 3,238 shares of the company’s stock, valued at approximately $297,086.50. The trade was a 60.69 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 0.20% of the company’s stock.

Analyst Ratings Changes

Several brokerages recently commented on IFF. Bank of America raised International Flavors & Fragrances from a “neutral” rating to a “buy” rating and set a $107.00 target price for the company in a research report on Friday, November 8th. Barclays upped their target price on shares of International Flavors & Fragrances from $93.00 to $99.00 and gave the company an “equal weight” rating in a research note on Friday, October 11th. UBS Group raised their price target 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. Oppenheimer upped their price objective on International Flavors & Fragrances from $116.00 to $117.00 and gave the company an “outperform” rating in a research note on Wednesday, September 11th. Finally, Mizuho upgraded International Flavors & Fragrances from a “neutral” rating to an “outperform” rating and raised their target price for the stock from $109.00 to $120.00 in a research report on Tuesday, September 3rd. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and twelve have assigned a buy rating to the stock. Based on data from MarketBeat.com, International Flavors & Fragrances presently has an average rating of “Moderate Buy” and a consensus target price 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.