Scott & Selber Inc. Trims Stake in International Flavors & Fragrances Inc. (NYSE:IFF)

Scott & Selber Inc. lessened its holdings in shares of International Flavors & Fragrances Inc. (NYSE:IFF) by 2.1% in the 4th quarter, Holdings Channel reports. The institutional investor owned 12,750 shares of the specialty chemicals company’s stock after selling 280 shares during the quarter. Scott & Selber Inc.’s holdings in International Flavors & Fragrances were worth $1,078,000 at the end of the most recent quarter.

A number of other hedge funds have also recently modified their holdings of IFF. Sumitomo Mitsui Trust Group Inc. grew its position in International Flavors & Fragrances by 1.2% in the 3rd quarter. Sumitomo Mitsui Trust Group Inc. now owns 615,006 shares of the specialty chemicals company’s stock valued at $64,533,000 after acquiring an additional 7,553 shares during the last quarter. Compagnie Lombard Odier SCmA grew its holdings in International Flavors & Fragrances by 11.1% during the 4th quarter. Compagnie Lombard Odier SCmA now owns 114,179 shares of the specialty chemicals company’s stock worth $9,654,000 after acquiring an additional 11,406 shares in the last quarter. Choreo LLC boosted its stake in shares of International Flavors & Fragrances by 55.7% during the fourth quarter. Choreo LLC now owns 24,401 shares of the specialty chemicals company’s stock valued at $2,055,000 after purchasing an additional 8,728 shares in the last quarter. Covea Finance increased its holdings in shares of International Flavors & Fragrances by 79.0% in the 4th quarter. Covea Finance now owns 123,090 shares of the specialty chemicals company’s stock valued at $10,407,000 after acquiring an additional 54,340 shares during the period. Finally, U.S. Capital Wealth Advisors LLC purchased a new position in International Flavors & Fragrances in the fourth quarter valued at about $7,508,000. Institutional investors own 96.02% of the company’s stock.

International Flavors & Fragrances Price Performance

NYSE:IFF opened at $80.81 on Tuesday. The company has a quick ratio of 1.93, a current ratio of 1.84 and a debt-to-equity ratio of 0.54. International Flavors & Fragrances Inc. has a 52 week low of $75.56 and a 52 week high of $106.77. The stock’s 50-day moving average price is $84.08 and its 200-day moving average price is $92.75. The stock has a market capitalization of $20.66 billion, a PE ratio of 85.97, a price-to-earnings-growth ratio of 1.45 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 EPS for the quarter, beating analysts’ consensus estimates of $0.83 by $0.14. The business had revenue of $2.77 billion during the quarter, compared to analysts’ expectations of $2.67 billion. International Flavors & Fragrances had a return on equity of 7.72% and a net margin of 2.12%. As a group, equities analysts expect that International Flavors & Fragrances Inc. will post 4.32 EPS for the current fiscal year.

Analysts Set New Price Targets

IFF has been the topic of several recent analyst reports. Stifel Nicolaus reduced 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, February 3rd. Vertical Research raised International Flavors & Fragrances from a “hold” rating to a “buy” rating and set a $109.00 price objective on the stock in a report on Thursday, November 7th. Argus raised International Flavors & Fragrances from a “hold” rating to a “buy” rating in a report on Tuesday, January 7th. Wells Fargo & Company dropped their target price on International Flavors & Fragrances from $115.00 to $105.00 and set an “overweight” rating on the stock in a research report on Thursday, February 20th. Finally, JPMorgan Chase & Co. reduced their price target on shares of International Flavors & Fragrances from $107.00 to $104.00 and set an “overweight” rating for the company in a research report on Thursday, February 20th. One research analyst has rated the stock with a sell rating, three have given a hold rating and twelve have assigned a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price 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.