International Flavors & Fragrances Inc. (NYSE:IFF) Shares Sold by Hanson & Doremus Investment Management

Hanson & Doremus Investment Management reduced its stake in shares of International Flavors & Fragrances Inc. (NYSE:IFF) by 51.8% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 17,065 shares of the specialty chemicals company’s stock after selling 18,329 shares during the period. Hanson & Doremus Investment Management’s holdings in International Flavors & Fragrances were worth $1,443,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently modified their holdings of IFF. Northwest Investment Counselors LLC acquired a new position in International Flavors & Fragrances in the third quarter worth about $27,000. Point72 Hong Kong Ltd acquired a new position in shares of International Flavors & Fragrances in the 3rd quarter worth approximately $42,000. Oakworth Capital Inc. bought a new stake in shares of International Flavors & Fragrances in the 3rd quarter valued at approximately $44,000. Eastern Bank acquired a new stake in shares of International Flavors & Fragrances during the 3rd quarter valued at approximately $46,000. Finally, Ashton Thomas Securities LLC bought a new position in International Flavors & Fragrances during the third quarter worth $48,000. Institutional investors own 96.02% of the company’s stock.

Insider Activity at International Flavors & Fragrances

In related news, insider Yuvraj Arora sold 5,000 shares of the firm’s stock in a transaction that occurred 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 directly owns 3,238 shares in the company, valued at approximately $297,086.50. This trade represents a 60.69 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Company insiders own 0.20% of the company’s stock.

Analyst Ratings Changes

Several analysts have weighed in on IFF shares. Argus upgraded shares of International Flavors & Fragrances from a “hold” rating to a “buy” rating in a research note on Tuesday, January 7th. Bank of America raised shares of International Flavors & Fragrances from a “neutral” rating to a “buy” rating and set a $107.00 price objective for the company in a research report on Friday, November 8th. Morgan Stanley upgraded International Flavors & Fragrances from an “equal weight” rating to an “overweight” rating and decreased their target price for the company from $111.00 to $110.00 in a research note on Tuesday, November 12th. Stifel Nicolaus raised their price target on International Flavors & Fragrances from $115.00 to $121.00 and gave the stock a “buy” rating in a report on Thursday, October 24th. Finally, Oppenheimer dropped their target price on International Flavors & Fragrances from $117.00 to $114.00 and set an “outperform” rating on the stock in a research report on Tuesday. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and twelve have assigned a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $109.00.

International Flavors & Fragrances Stock Performance

Shares of IFF opened at $86.08 on Thursday. International Flavors & Fragrances Inc. has a 52-week low of $72.94 and a 52-week high of $106.77. The firm has a market capitalization of $22.01 billion, a PE ratio of -9.47, a P/E/G ratio of 1.51 and a beta of 1.18. The firm has a 50-day moving average price of $86.36 and a 200 day moving average price of $94.94. The company has a quick ratio of 1.93, a current ratio of 2.62 and a debt-to-equity ratio of 0.58.

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 (EPS) for the quarter, missing analysts’ consensus estimates 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 firm had revenue of $2.93 billion for the quarter, compared to the consensus estimate of $2.83 billion. During the same period in the previous year, the business posted $0.89 earnings per share. The business’s revenue for the quarter was up 3.7% compared to the same quarter last year. On average, sell-side analysts anticipate that International Flavors & Fragrances Inc. will post 4.15 earnings per share for the current fiscal year.

About International Flavors & Fragrances

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.