International Flavors & Fragrances Inc. $IFF Stock Position Increased by JPMorgan Chase & Co.

JPMorgan Chase & Co. boosted its position in shares of International Flavors & Fragrances Inc. (NYSE:IFF) by 28.8% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,098,575 shares of the specialty chemicals company’s stock after buying an additional 245,719 shares during the quarter. JPMorgan Chase & Co.’s holdings in International Flavors & Fragrances were worth $67,612,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of IFF. True Wealth Design LLC boosted its position in shares of International Flavors & Fragrances by 896.4% during the 3rd quarter. True Wealth Design LLC now owns 548 shares of the specialty chemicals company’s stock valued at $34,000 after purchasing an additional 493 shares in the last quarter. Geneos Wealth Management Inc. lifted its stake in International Flavors & Fragrances by 55.7% during the first quarter. Geneos Wealth Management Inc. now owns 587 shares of the specialty chemicals company’s stock valued at $46,000 after purchasing an additional 210 shares during the last quarter. Elkhorn Partners Limited Partnership boosted its holdings 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. CYBER HORNET ETFs LLC acquired a new position in International Flavors & Fragrances in the second quarter worth approximately $49,000. Finally, Transamerica Financial Advisors LLC increased its holdings in shares of International Flavors & Fragrances by 884.1% in the second quarter. Transamerica Financial Advisors LLC now owns 679 shares of the specialty chemicals company’s stock valued at $50,000 after buying an additional 610 shares in the last quarter. 96.02% of the stock is currently owned by institutional investors.

International Flavors & Fragrances Trading Down 0.2%

NYSE:IFF opened at $82.11 on Wednesday. The stock has a market cap of $21.03 billion, a PE ratio of -59.93, a price-to-earnings-growth ratio of 2.14 and a beta of 1.05. International Flavors & Fragrances Inc. has a fifty-two week low of $59.14 and a fifty-two week high of $84.45. The company has a debt-to-equity ratio of 0.33, a current ratio of 1.42 and a quick ratio of 0.85. The stock’s 50-day moving average is $72.18 and its two-hundred day moving average is $67.31.

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

Analyst Ratings Changes

Several research firms have recently weighed in on IFF. Mizuho raised their price objective on International Flavors & Fragrances from $75.00 to $85.00 and gave the stock an “outperform” rating in a research note on Thursday, February 12th. UBS Group increased their price target on International Flavors & Fragrances from $71.00 to $85.00 and gave the company a “neutral” rating in a research report on Friday, February 13th. Argus boosted their price objective on International Flavors & Fragrances from $70.00 to $80.00 and gave the stock a “buy” rating in a report on Thursday, January 22nd. Deutsche Bank Aktiengesellschaft raised their target price on shares of International Flavors & Fragrances from $75.00 to $95.00 and gave the stock a “buy” rating in a report on Tuesday, February 17th. Finally, Barclays boosted their price target on shares of International Flavors & Fragrances from $78.00 to $91.00 and gave the company an “overweight” rating in a report on Friday, February 13th. Thirteen research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $91.17.

About International Flavors & Fragrances

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.