NEOS Investment Management LLC Increases Position in International Flavors & Fragrances Inc. $IFF

NEOS Investment Management LLC increased its stake in shares of International Flavors & Fragrances Inc. (NYSE:IFF) by 54.3% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 26,630 shares of the specialty chemicals company’s stock after buying an additional 9,367 shares during the period. NEOS Investment Management LLC’s holdings in International Flavors & Fragrances were worth $1,639,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently added to or reduced their stakes in the stock. True Wealth Design LLC grew its holdings in shares of International Flavors & Fragrances by 896.4% in the 3rd quarter. True Wealth Design LLC now owns 548 shares of the specialty chemicals company’s stock worth $34,000 after acquiring an additional 493 shares during the period. Elkhorn Partners Limited Partnership increased its position in International Flavors & Fragrances by 200.0% during the second quarter. Elkhorn Partners Limited Partnership now owns 600 shares of the specialty chemicals company’s stock worth $44,000 after buying an additional 400 shares in the last quarter. Geneos Wealth Management Inc. lifted its position in shares of International Flavors & Fragrances by 55.7% in the first quarter. Geneos Wealth Management Inc. now owns 587 shares of the specialty chemicals company’s stock valued at $46,000 after acquiring an additional 210 shares in the last quarter. CYBER HORNET ETFs LLC purchased a new stake in International Flavors & Fragrances during the 2nd quarter worth about $49,000. Finally, Transamerica Financial Advisors LLC raised its stake in International Flavors & Fragrances by 884.1% in the 2nd quarter. Transamerica Financial Advisors LLC now owns 679 shares of the specialty chemicals company’s stock valued at $50,000 after purchasing an additional 610 shares during the last quarter. 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 $81.37 on Friday. The company has a fifty day simple moving average of $71.47 and a 200 day simple moving average of $67.07. The firm has a market cap of $20.84 billion, a PE ratio of -59.39, a price-to-earnings-growth ratio of 2.13 and a beta of 1.05. International Flavors & Fragrances Inc. has a 12-month low of $59.14 and a 12-month high of $84.45. The company has a current ratio of 1.42, a quick ratio of 0.85 and a debt-to-equity ratio of 0.33.

International Flavors & Fragrances (NYSE:IFF) last issued its quarterly earnings results on Wednesday, February 11th. The specialty chemicals company reported $0.80 EPS for the quarter, missing the consensus estimate of $0.85 by ($0.05). The company had revenue of $2.59 billion for the quarter, compared to the consensus estimate of $2.52 billion. International Flavors & Fragrances had a positive return on equity of 7.67% and a negative net margin of 3.20%.The business’s revenue for the quarter was down 6.6% on a year-over-year basis. During the same period in the previous year, the business posted $0.97 EPS. On average, equities 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 analysts recently issued reports on the stock. Citigroup raised their target price on shares of International Flavors & Fragrances from $83.00 to $95.00 and gave the stock a “buy” rating in a research report on Friday, February 13th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of International Flavors & Fragrances in a research note on Monday, December 29th. Wells Fargo & Company boosted their price objective on shares of International Flavors & Fragrances from $85.00 to $100.00 and gave the company an “overweight” rating in a research note on Friday, February 13th. Barclays upped their price objective on International Flavors & Fragrances from $78.00 to $91.00 and gave the stock an “overweight” rating in a report on Friday, February 13th. Finally, UBS Group raised their price target on shares of International Flavors & Fragrances from $71.00 to $85.00 and gave the company a “neutral” rating in a report on Friday, February 13th. Thirteen investment analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $91.17.

International Flavors & Fragrances 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.