International Flavors & Fragrances Inc. (NYSE:IFF) Shares Acquired by Swedbank AB

Swedbank AB raised its stake in shares of International Flavors & Fragrances Inc. (NYSE:IFF) by 1.6% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 178,075 shares of the specialty chemicals company’s stock after acquiring an additional 2,749 shares during the period. Swedbank AB owned approximately 0.07% of International Flavors & Fragrances worth $15,056,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in the stock. Northwest Investment Counselors LLC acquired a new stake in shares of International Flavors & Fragrances during the third quarter worth $27,000. Point72 Hong Kong Ltd purchased a new stake in shares of International Flavors & Fragrances in the third quarter valued at about $42,000. Oakworth Capital Inc. acquired a new position in shares of International Flavors & Fragrances during the third quarter worth about $44,000. Eastern Bank purchased a new position in International Flavors & Fragrances during the third quarter worth about $46,000. Finally, Ashton Thomas Securities LLC purchased a new stake in International Flavors & Fragrances in the 3rd quarter valued at approximately $48,000. 96.02% of the stock is owned by institutional investors and hedge funds.

Insider Activity at International Flavors & Fragrances

In other International Flavors & Fragrances news, insider Yuvraj Arora sold 5,000 shares of International Flavors & Fragrances stock in a transaction dated Monday, November 11th. The stock was sold at an average price of $91.75, for a total value of $458,750.00. Following the completion of the sale, the insider now owns 3,238 shares in the company, valued at $297,086.50. The trade was a 60.69 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Insiders own 0.20% of the company’s stock.

Wall Street Analysts Forecast Growth

IFF has been the subject of several recent analyst reports. Oppenheimer reduced their price target on International Flavors & Fragrances from $117.00 to $114.00 and set an “outperform” rating for the company in a report on Tuesday. Argus upgraded shares of International Flavors & Fragrances from a “hold” rating to a “buy” rating in a research report on Tuesday, January 7th. Morgan Stanley upgraded shares of International Flavors & Fragrances from an “equal weight” rating to an “overweight” rating and cut their price target for the company from $111.00 to $110.00 in a report on Tuesday, November 12th. Citigroup lowered their target price on shares of International Flavors & Fragrances from $110.00 to $105.00 and set a “buy” rating on the stock in a research report on Wednesday, December 18th. Finally, JPMorgan Chase & Co. reduced their price target on shares of International Flavors & Fragrances from $110.00 to $107.00 and set an “overweight” rating for the company in a research report on Thursday, November 7th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and twelve have given a buy rating to the company. According to data from MarketBeat.com, International Flavors & Fragrances presently has an average rating of “Moderate Buy” and an average target price of $109.00.

International Flavors & Fragrances Price Performance

NYSE:IFF opened at $87.07 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 $22.26 billion, a price-to-earnings ratio of -9.58, a price-to-earnings-growth ratio of 1.52 and a beta of 1.18. The company’s 50-day moving average is $86.24 and its two-hundred day moving average is $94.83. The company has a current ratio of 2.62, a quick ratio of 1.93 and a debt-to-equity ratio of 0.58.

International Flavors & Fragrances (NYSE:IFF) last announced its 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). The firm had revenue of $2.93 billion for the quarter, compared to analyst estimates of $2.83 billion. International Flavors & Fragrances had a positive return on equity of 7.16% and a negative net margin of 20.33%. The firm’s revenue was up 3.7% compared to the same quarter last year. During the same quarter last year, the business posted $0.89 EPS. Research analysts expect that International Flavors & Fragrances Inc. will post 4.15 EPS for the current year.

International Flavors & Fragrances 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.