Vanguard Group Inc. Has $1.92 Billion Stock Holdings in International Flavors & Fragrances Inc. $IFF

Vanguard Group Inc. raised its position in International Flavors & Fragrances Inc. (NYSE:IFF) by 0.8% in the 3rd quarter, HoldingsChannel reports. The fund owned 31,133,186 shares of the specialty chemicals company’s stock after purchasing an additional 252,983 shares during the period. Vanguard Group Inc. owned approximately 0.12% of International Flavors & Fragrances worth $1,915,936,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also modified their holdings of IFF. Ruffer LLP bought a new stake in International Flavors & Fragrances during the third quarter worth about $13,552,000. Clarkston Capital Partners LLC bought a new stake in International Flavors & Fragrances during the 2nd quarter worth approximately $11,939,000. Creative Planning increased its holdings in International Flavors & Fragrances by 347.5% during the 2nd quarter. Creative Planning now owns 85,345 shares of the specialty chemicals company’s stock valued at $6,277,000 after purchasing an additional 66,273 shares in the last quarter. State Street Corp raised its position in International Flavors & Fragrances by 3.6% in the 2nd quarter. State Street Corp now owns 10,884,974 shares of the specialty chemicals company’s stock valued at $804,753,000 after purchasing an additional 381,593 shares during the last quarter. Finally, AGF Management Ltd. boosted its stake in International Flavors & Fragrances by 17.0% in the second quarter. AGF Management Ltd. now owns 39,614 shares of the specialty chemicals company’s stock worth $2,914,000 after purchasing an additional 5,754 shares in the last quarter. 96.02% of the stock is currently owned by institutional investors.

International Flavors & Fragrances Stock Performance

Shares of International Flavors & Fragrances stock opened at $81.63 on Friday. The firm has a fifty day moving average of $71.11 and a two-hundred day moving average of $66.99. The company has a debt-to-equity ratio of 0.33, a quick ratio of 0.85 and a current ratio of 1.42. The stock has a market capitalization of $20.91 billion, a price-to-earnings ratio of -59.58, a PEG ratio of 2.16 and a beta of 1.05. International Flavors & Fragrances Inc. has a 52 week low of $59.14 and a 52 week high of $84.45.

International Flavors & Fragrances (NYSE:IFF) last released its quarterly earnings data on Wednesday, February 11th. The specialty chemicals company reported $0.80 EPS for the quarter, missing analysts’ consensus estimates of $0.85 by ($0.05). International Flavors & Fragrances had a negative net margin of 3.20% and a positive return on equity of 7.67%. The company had revenue of $2.59 billion during the quarter, compared to the consensus estimate of $2.52 billion. During the same quarter in the prior year, the company posted $0.97 EPS. The company’s revenue for the quarter was down 6.6% compared to the same quarter last year. As a group, equities research analysts predict that International Flavors & Fragrances Inc. will post 4.32 EPS for the current year.

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on IFF. Citigroup lifted their price target on International Flavors & Fragrances from $83.00 to $95.00 and gave the company a “buy” rating in a report on Friday, February 13th. BNP Paribas Exane reduced their target price on shares of International Flavors & Fragrances from $89.00 to $88.00 and set an “outperform” rating on the stock in a research report on Friday, February 13th. Wells Fargo & Company raised their price target on shares of International Flavors & Fragrances from $85.00 to $100.00 and gave the company an “overweight” rating in a report on Friday, February 13th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of International Flavors & Fragrances in a report on Monday, December 29th. Finally, Mizuho lifted their target price on International Flavors & Fragrances from $75.00 to $85.00 and gave the company an “outperform” rating in a research note on Thursday, February 12th. Thirteen equities research analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, International Flavors & Fragrances currently has an average rating of “Moderate Buy” and a consensus target price of $91.17.

International Flavors & Fragrances Company Profile

International Flavors & Fragrances Inc (NYSE:IFF) is a global leader in the creation and production of flavors, fragrances, cosmetic actives and nutritional lipids. The company develops taste and scent solutions for a wide array of end markets including food and beverage, personal care, household goods and pharmaceutical products. Its portfolio spans natural and nature-identical flavors, fine fragrances, functional ingredients for skin and hair care, and specialty oils that enhance nutritional value and sensory appeal.

IFF’s research and development network comprises innovation centers in North America, Europe, Asia-Pacific and Latin America, where multidisciplinary teams collaborate on aroma chemistry, sensory science and biotechnology.