International Flavors & Fragrances Inc. (NYSE:IFF) Shares Sold by Bfsg LLC

Bfsg LLC cut its position in International Flavors & Fragrances Inc. (NYSE:IFF) by 54.2% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 371 shares of the specialty chemicals company’s stock after selling 439 shares during the quarter. Bfsg LLC’s holdings in International Flavors & Fragrances were worth $31,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of the company. Van ECK Associates Corp boosted its position in International Flavors & Fragrances by 41.6% during the 4th quarter. Van ECK Associates Corp now owns 5,664,250 shares of the specialty chemicals company’s stock worth $478,912,000 after acquiring an additional 1,663,629 shares during the period. Nordea Investment Management AB raised its stake in shares of International Flavors & Fragrances by 25.7% during the fourth quarter. Nordea Investment Management AB now owns 5,489,741 shares of the specialty chemicals company’s stock valued at $464,926,000 after purchasing an additional 1,121,414 shares in the last quarter. Robeco Institutional Asset Management B.V. lifted its holdings in International Flavors & Fragrances by 70.9% in the third quarter. Robeco Institutional Asset Management B.V. now owns 708,081 shares of the specialty chemicals company’s stock worth $74,299,000 after purchasing an additional 293,760 shares during the period. Smith Group Asset Management LLC bought a new position in International Flavors & Fragrances in the 3rd quarter valued at about $22,399,000. Finally, State Street Corp increased its stake in International Flavors & Fragrances by 1.9% during the 3rd 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 period. Institutional investors own 96.02% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on IFF shares. Morgan Stanley raised shares of International Flavors & Fragrances from an “equal weight” rating to an “overweight” rating and reduced their price target for the stock from $111.00 to $110.00 in a research note on Tuesday, November 12th. Citigroup cut their target price on International Flavors & Fragrances from $110.00 to $105.00 and set a “buy” rating for the company in a research report on Wednesday, December 18th. Argus upgraded International Flavors & Fragrances from a “hold” rating to a “buy” rating in a research report on Tuesday, January 7th. Barclays cut their price objective on International Flavors & Fragrances from $90.00 to $88.00 and set an “equal weight” rating for the company in a report on Friday, January 17th. Finally, UBS Group lifted their target price on International Flavors & Fragrances from $108.00 to $111.00 and gave the stock a “neutral” rating in a report on Wednesday, November 6th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and twelve have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $107.77.

International Flavors & Fragrances Stock Performance

International Flavors & Fragrances stock opened at $81.99 on Thursday. International Flavors & Fragrances Inc. has a fifty-two week low of $72.94 and a fifty-two week high of $106.77. The firm’s 50 day simple moving average is $85.02 and its 200-day simple moving average is $93.64. The company has a debt-to-equity ratio of 0.58, a current ratio of 2.62 and a quick ratio of 1.93. The company has a market cap of $20.96 billion, a P/E ratio of -9.02, a price-to-earnings-growth ratio of 1.54 and a beta of 1.19.

International Flavors & Fragrances (NYSE:IFF) last posted its quarterly earnings data on Tuesday, February 18th. The specialty chemicals company reported $0.97 earnings per share for the quarter, topping the consensus estimate of $0.83 by $0.14. The firm had revenue of $2.77 billion for the quarter, compared to analysts’ expectations of $2.67 billion. International Flavors & Fragrances had a negative net margin of 20.33% and a positive return on equity of 7.16%. As a group, equities research analysts predict that International Flavors & Fragrances Inc. will post 4.15 EPS for the current year.

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.