Greenleaf Trust Cuts Stock Holdings in International Flavors & Fragrances Inc. (NYSE:IFF)

Greenleaf Trust lowered its stake in International Flavors & Fragrances Inc. (NYSE:IFF) by 11.9% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 12,038 shares of the specialty chemicals company’s stock after selling 1,633 shares during the quarter. Greenleaf Trust’s holdings in International Flavors & Fragrances were worth $1,018,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in IFF. State Street Corp boosted its stake in International Flavors & Fragrances by 1.9% during the third quarter. State Street Corp now owns 10,467,517 shares of the specialty chemicals company’s stock valued at $1,102,363,000 after buying an additional 196,696 shares during the last quarter. Geode Capital Management LLC raised its holdings in shares of International Flavors & Fragrances by 1.3% during the 3rd quarter. Geode Capital Management LLC now owns 6,008,830 shares of the specialty chemicals company’s stock worth $628,341,000 after acquiring an additional 77,521 shares in the last quarter. Nordea Investment Management AB boosted its position in shares of International Flavors & Fragrances by 25.7% during the 4th quarter. Nordea Investment Management AB now owns 5,489,741 shares of the specialty chemicals company’s stock valued at $464,926,000 after acquiring an additional 1,121,414 shares during the last quarter. Charles Schwab Investment Management Inc. grew its holdings in shares of International Flavors & Fragrances by 1.1% in the third quarter. Charles Schwab Investment Management Inc. now owns 1,498,815 shares of the specialty chemicals company’s stock valued at $157,271,000 after purchasing an additional 16,590 shares in the last quarter. Finally, Fort Washington Investment Advisors Inc. OH increased its position in International Flavors & Fragrances by 0.3% in the fourth quarter. Fort Washington Investment Advisors Inc. OH now owns 1,366,218 shares of the specialty chemicals company’s stock worth $115,514,000 after purchasing an additional 3,442 shares during the last quarter. Institutional investors own 96.02% of the company’s stock.

International Flavors & Fragrances Stock Performance

Shares of NYSE:IFF opened at $86.44 on Tuesday. The firm’s 50 day simple moving average is $86.16 and its 200-day simple moving average is $94.72. The company has a debt-to-equity ratio of 0.58, a quick ratio of 1.93 and a current ratio of 2.62. International Flavors & Fragrances Inc. has a one year low of $72.94 and a one year high of $106.77. The firm has a market cap of $22.10 billion, a PE ratio of -9.51, a price-to-earnings-growth ratio of 1.54 and a beta of 1.18.

International Flavors & Fragrances (NYSE:IFF) last issued its 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). 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 last year, the firm earned $0.89 earnings per share. The company’s revenue for the quarter was up 3.7% on a year-over-year basis. As a group, equities analysts predict that International Flavors & Fragrances Inc. will post 4.15 EPS for the current year.

Insider Activity

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

Wall Street Analyst Weigh In

A number of equities analysts have commented on IFF shares. Citigroup dropped their price objective on shares of International Flavors & Fragrances from $110.00 to $105.00 and set a “buy” rating for the company in a research note on Wednesday, December 18th. Bank of America raised International Flavors & Fragrances from a “neutral” rating to a “buy” rating and set a $107.00 price objective on the stock in a research note on Friday, November 8th. Argus upgraded International Flavors & Fragrances from a “hold” rating to a “buy” rating in a report on Tuesday, January 7th. Stifel Nicolaus cut their target price on International Flavors & Fragrances from $113.00 to $105.00 and set a “buy” rating on the stock in a research report on Monday. Finally, Oppenheimer lowered their price target on International Flavors & Fragrances from $117.00 to $114.00 and set an “outperform” rating for the company in a research report on Tuesday, January 28th. One analyst has rated the stock with a sell rating, three have issued a hold rating and twelve have assigned a buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $107.77.

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.