International Flavors & Fragrances Inc. (NYSE:IFF) Shares Sold by New York State Common Retirement Fund

New York State Common Retirement Fund cut its holdings in International Flavors & Fragrances Inc. (NYSE:IFF) by 8.2% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 156,122 shares of the specialty chemicals company’s stock after selling 13,900 shares during the quarter. New York State Common Retirement Fund owned approximately 0.06% of International Flavors & Fragrances worth $13,200,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of the business. Point72 Hong Kong Ltd purchased a new position in International Flavors & Fragrances during the third quarter worth $42,000. Eastern Bank acquired a new position in International Flavors & Fragrances in the 3rd quarter valued at about $46,000. Ashton Thomas Securities LLC purchased a new position in International Flavors & Fragrances in the 3rd quarter valued at about $48,000. Principal Securities Inc. boosted its stake in shares of International Flavors & Fragrances by 36.6% during the 4th quarter. Principal Securities Inc. now owns 638 shares of the specialty chemicals company’s stock worth $54,000 after purchasing an additional 171 shares during the last quarter. Finally, Catalyst Capital Advisors LLC purchased a new stake in shares of International Flavors & Fragrances during the third quarter worth about $67,000. 96.02% of the stock is owned by hedge funds and other institutional investors.

International Flavors & Fragrances Stock Down 0.3 %

Shares of NYSE IFF opened at $79.92 on Monday. The stock has a fifty day moving average price of $84.71 and a 200 day moving average price of $93.42. The company has a current ratio of 1.84, a quick ratio of 1.93 and a debt-to-equity ratio of 0.54. International Flavors & Fragrances Inc. has a 12-month low of $72.94 and a 12-month high of $106.77. The company has a market cap of $20.43 billion, a P/E ratio of 85.02, a P/E/G ratio of 1.45 and a beta of 1.19.

International Flavors & Fragrances (NYSE:IFF) last announced its earnings results on Tuesday, February 18th. The specialty chemicals company reported $0.97 EPS for the quarter, beating the consensus estimate of $0.83 by $0.14. The business had revenue of $2.77 billion for the quarter, compared to the consensus estimate of $2.67 billion. International Flavors & Fragrances had a return on equity of 7.72% and a net margin of 2.12%. Research analysts anticipate that International Flavors & Fragrances Inc. will post 4.32 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on IFF. Oppenheimer decreased their target price on shares of International Flavors & Fragrances from $114.00 to $104.00 and set an “outperform” rating on the stock in a research report on Thursday. Morgan Stanley upgraded International Flavors & Fragrances from an “equal weight” rating to an “overweight” rating and dropped their target price for the company from $111.00 to $110.00 in a research note on Tuesday, November 12th. Cfra lowered International Flavors & Fragrances from a “buy” rating to a “sell” rating and set a $77.00 price target on the stock. in a research note on Thursday. Bank of America dropped their price objective on shares of International Flavors & Fragrances from $105.00 to $101.00 and set a “buy” rating for the company in a research note on Thursday. Finally, Stifel Nicolaus decreased their target price on shares of International Flavors & Fragrances from $113.00 to $105.00 and set a “buy” rating on the stock in a research report on Monday, February 3rd. Two analysts have rated the stock with a sell rating, three have assigned a hold rating and twelve have assigned a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $103.50.

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.