Toronto Dominion Bank Has $11.57 Million Stock Holdings in International Flavors & Fragrances Inc. (NYSE:IFF)

Toronto Dominion Bank increased its position in shares of International Flavors & Fragrances Inc. (NYSE:IFF - Free Report) by 8.3% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 136,779 shares of the specialty chemicals company's stock after acquiring an additional 10,522 shares during the quarter. Toronto Dominion Bank owned 0.05% of International Flavors & Fragrances worth $11,565,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in IFF. Parr Mcknight Wealth Management Group LLC acquired a new position in shares of International Flavors & Fragrances in the fourth quarter worth $1,916,000. Neo Ivy Capital Management acquired a new position in International Flavors & Fragrances in the 4th quarter worth about $1,358,000. Vise Technologies Inc. purchased a new stake in shares of International Flavors & Fragrances during the 4th quarter worth about $225,000. Novem Group acquired a new stake in shares of International Flavors & Fragrances during the 4th quarter valued at about $600,000. Finally, Siemens Fonds Invest GmbH increased its holdings in International Flavors & Fragrances by 19.7% in the fourth quarter. Siemens Fonds Invest GmbH now owns 3,312 shares of the specialty chemicals company's stock worth $280,000 after buying an additional 545 shares during the last quarter. 96.02% of the stock is owned by institutional investors and hedge funds.

International Flavors & Fragrances Stock Performance

IFF stock traded down $0.85 on Monday, reaching $75.71. 1,557,357 shares of the company were exchanged, compared to its average volume of 1,522,986. The company has a debt-to-equity ratio of 0.54, a current ratio of 1.84 and a quick ratio of 1.93. International Flavors & Fragrances Inc. has a 12 month low of $65.85 and a 12 month high of $106.77. The stock's fifty day moving average price is $75.23 and its 200 day moving average price is $81.32. The firm has a market capitalization of $19.37 billion, a PE ratio of 80.54, a PEG ratio of 1.45 and a beta of 1.08.

International Flavors & Fragrances (NYSE:IFF - Get Free Report) last announced its quarterly earnings data on Tuesday, May 6th. The specialty chemicals company reported $1.20 EPS for the quarter, beating analysts' consensus estimates of $1.12 by $0.08. International Flavors & Fragrances had a net margin of 2.12% and a return on equity of 7.72%. The business had revenue of $2.84 billion during the quarter, compared to analyst estimates of $2.83 billion. During the same quarter in the prior year, the business earned $1.13 earnings per share. The firm's revenue for the quarter was down 1.9% on a year-over-year basis. On average, research analysts anticipate that International Flavors & Fragrances Inc. will post 4.32 EPS for the current fiscal year.

International Flavors & Fragrances Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, July 11th. Shareholders of record on Friday, June 20th will be given a $0.40 dividend. The ex-dividend date is Friday, June 20th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 2.11%. International Flavors & Fragrances's dividend payout ratio is currently -48.93%.

Wall Street Analysts Forecast Growth

Several research firms have commented on IFF. Robert W. Baird decreased their target price on shares of International Flavors & Fragrances from $110.00 to $100.00 and set an "outperform" rating for the company in a research report on Thursday, May 8th. Stifel Nicolaus decreased their price objective on shares of International Flavors & Fragrances from $105.00 to $91.00 and set a "buy" rating for the company in a report on Thursday, April 10th. Mizuho cut their target price on International Flavors & Fragrances from $95.00 to $87.00 and set an "outperform" rating on the stock in a report on Tuesday, April 15th. UBS Group boosted their price target on International Flavors & Fragrances from $82.00 to $83.00 and gave the stock a "neutral" rating in a research report on Wednesday, May 7th. Finally, Barclays raised International Flavors & Fragrances from an "equal weight" rating to an "overweight" rating and increased their price objective for the company from $76.00 to $84.00 in a report on Thursday, May 8th. One analyst has rated the stock with a sell rating, one has assigned a hold rating and twelve have given a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $92.54.

Insider Transactions at International Flavors & Fragrances

In other International Flavors & Fragrances news, Director Hernandez Margarita Palau purchased 850 shares of the business's stock in a transaction on Monday, May 19th. The stock was purchased at an average price of $77.42 per share, for a total transaction of $65,807.00. Following the completion of the purchase, the director now directly owns 2,393 shares in the company, valued at approximately $185,266.06. This trade represents a 55.09% increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO J Erik Fyrwald acquired 700 shares of the firm's stock in a transaction on Thursday, May 8th. The shares were bought at an average cost of $74.00 per share, for a total transaction of $51,800.00. Following the completion of the acquisition, the chief executive officer now directly owns 37,770 shares of the company's stock, valued at approximately $2,794,980. This represents a 1.89% increase in their position. The disclosure for this purchase can be found here. In the last quarter, insiders have bought 28,550 shares of company stock valued at $2,211,372. 0.20% of the stock is owned by corporate insiders.

International Flavors & Fragrances Company Profile

International Flavors & Fragrances, Inc engages in the manufacture and supply of flavors and fragrances used in the food, beverage, personal care, and household products industries. It operates through the following segments: Nourish, Health & Biosciences, Scent and Pharma Solutions. The Nourish segment consists of legacy Taste segment combined with N&B's Food & Beverage division and the food protection business of N&B's Health & Biosciences division.