International Flavors & Fragrances Inc. $IFF Shares Sold by UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lowered its holdings in International Flavors & Fragrances Inc. (NYSE:IFF) by 1.5% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 6,112,514 shares of the specialty chemicals company’s stock after selling 94,581 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned 2.40% of International Flavors & Fragrances worth $484,233,000 as of its most recent SEC filing.

Other large investors have also recently added to or reduced their stakes in the company. Lloyd Advisory Services LLC. purchased a new position in shares of International Flavors & Fragrances in the 4th quarter worth $27,000. Root Financial Partners LLC increased its stake in International Flavors & Fragrances by 97.9% during the first quarter. Root Financial Partners LLC now owns 554 shares of the specialty chemicals company’s stock worth $40,000 after acquiring an additional 274 shares during the last quarter. Geneos Wealth Management Inc. raised its holdings in shares of International Flavors & Fragrances by 55.7% in the 1st quarter. Geneos Wealth Management Inc. now owns 587 shares of the specialty chemicals company’s stock worth $46,000 after purchasing an additional 210 shares during the period. Transamerica Financial Advisors LLC lifted its stake in shares of International Flavors & Fragrances by 884.1% in the 2nd quarter. Transamerica Financial Advisors LLC now owns 679 shares of the specialty chemicals company’s stock valued at $50,000 after purchasing an additional 610 shares in the last quarter. Finally, EFG International AG purchased a new stake in shares of International Flavors & Fragrances during the 4th quarter worth about $73,000. 96.02% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at International Flavors & Fragrances

In related news, insider De Mendonca Ana Paula Teles sold 5,718 shares of the business’s stock in a transaction that occurred on Monday, August 17th. The shares were sold at an average price of $83.19, for a total transaction of $475,680.42. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, EVP Michael Deveau sold 8,825 shares of the company’s stock in a transaction that occurred on Thursday, August 6th. The shares were sold at an average price of $85.55, for a total transaction of $754,978.75. Following the completion of the transaction, the executive vice president owned 5,199 shares in the company, valued at approximately $444,774.45. This represents a 62.93% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders have sold 15,543 shares of company stock valued at $1,315,659. Company insiders own 1.07% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts recently commented on IFF shares. Vertical Research lowered International Flavors & Fragrances from a “buy” rating to a “hold” rating and set a $93.00 price target on the stock. in a research report on Thursday, August 6th. Berenberg Bank lifted their price objective on shares of International Flavors & Fragrances from $83.00 to $84.80 and gave the company a “hold” rating in a research note on Thursday, May 7th. UBS Group upped their target price on shares of International Flavors & Fragrances from $84.00 to $91.00 and gave the company a “neutral” rating in a research note on Thursday, August 6th. Morgan Stanley raised their price target on shares of International Flavors & Fragrances from $93.00 to $95.00 and gave the company an “overweight” rating in a report on Wednesday, July 1st. Finally, Citigroup cut their price objective on shares of International Flavors & Fragrances from $96.00 to $88.00 and set a “buy” rating on the stock in a report on Wednesday, June 24th. Twelve equities research analysts have rated the stock with a Buy rating, six have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $91.40.

International Flavors & Fragrances Price Performance

Shares of NYSE:IFF opened at $87.88 on Monday. The company has a current ratio of 2.06, a quick ratio of 1.72 and a debt-to-equity ratio of 0.34. International Flavors & Fragrances Inc. has a 52 week low of $59.14 and a 52 week high of $89.32. The firm’s 50 day moving average is $80.54 and its two-hundred day moving average is $76.81. The firm has a market capitalization of $22.42 billion, a P/E ratio of 80.62, a PEG ratio of 3.25 and a beta of 0.93.

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

International Flavors & Fragrances declared that its board has authorized a share repurchase plan on Tuesday, August 4th that allows the company to buyback $2.50 billion in outstanding shares. This buyback authorization allows the specialty chemicals company to reacquire up to 12.1% of its stock through open market purchases. Stock buyback plans are often a sign that the company’s management believes its shares are undervalued.

International Flavors & Fragrances Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, October 9th. Investors of record on Friday, September 18th will be given a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a yield of 1.8%. The ex-dividend date of this dividend is Friday, September 18th. International Flavors & Fragrances’s payout ratio is presently 146.79%.

International Flavors & Fragrances 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.