Truist Financial Corp Increases Stock Position in International Flavors & Fragrances Inc. (NYSE:IFF)

Truist Financial Corp increased its stake in International Flavors & Fragrances Inc. (NYSE:IFF) by 0.7% during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 19,908 shares of the specialty chemicals company’s stock after buying an additional 129 shares during the period. Truist Financial Corp’s holdings in International Flavors & Fragrances were worth $1,683,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also recently modified their holdings of the company. Integrated Advisors Network LLC grew its stake in shares of International Flavors & Fragrances by 1.9% in the third quarter. Integrated Advisors Network LLC now owns 5,720 shares of the specialty chemicals company’s stock worth $600,000 after acquiring an additional 107 shares during the period. UMB Bank n.a. grew its position in International Flavors & Fragrances by 8.9% in the 4th quarter. UMB Bank n.a. now owns 1,458 shares of the specialty chemicals company’s stock worth $123,000 after purchasing an additional 119 shares during the period. Huntington National Bank raised its stake in International Flavors & Fragrances by 3.1% during the 3rd quarter. Huntington National Bank now owns 4,095 shares of the specialty chemicals company’s stock valued at $430,000 after buying an additional 124 shares during the last quarter. Arete Wealth Advisors LLC lifted its holdings in shares of International Flavors & Fragrances by 4.2% during the 3rd quarter. Arete Wealth Advisors LLC now owns 3,061 shares of the specialty chemicals company’s stock valued at $321,000 after buying an additional 124 shares during the period. Finally, Farther Finance Advisors LLC boosted its stake in shares of International Flavors & Fragrances by 15.6% in the 3rd quarter. Farther Finance Advisors LLC now owns 1,155 shares of the specialty chemicals company’s stock worth $121,000 after buying an additional 156 shares during the last quarter. 96.02% of the stock is owned by hedge funds and other institutional investors.

International Flavors & Fragrances Stock Performance

NYSE:IFF opened at $81.11 on Friday. The stock has a 50-day moving average price of $84.24 and a 200 day moving average price of $93.03. The stock has a market capitalization of $20.74 billion, a P/E ratio of 86.29, a P/E/G ratio of 1.45 and a beta of 1.19. International Flavors & Fragrances Inc. has a 12-month low of $72.94 and a 12-month high of $106.77. 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 (NYSE:IFF) last released its quarterly earnings data on Tuesday, February 18th. The specialty chemicals company reported $0.97 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.83 by $0.14. International Flavors & Fragrances had a net margin of 2.12% and a return on equity of 7.72%. The firm had revenue of $2.77 billion for the quarter, compared to analysts’ expectations of $2.67 billion. Equities research analysts forecast that International Flavors & Fragrances Inc. will post 4.32 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of research analysts have weighed in on the company. JPMorgan Chase & Co. lowered their target price on International Flavors & Fragrances from $107.00 to $104.00 and set an “overweight” rating on the stock in a report on Thursday, February 20th. Bank of America dropped their price objective on shares of International Flavors & Fragrances from $105.00 to $101.00 and set a “buy” rating on the stock in a report on Thursday, February 20th. Citigroup reduced their target price on shares of International Flavors & Fragrances from $110.00 to $105.00 and set a “buy” rating for the company in a report on Wednesday, December 18th. Vertical Research upgraded shares of International Flavors & Fragrances from a “hold” rating to a “buy” rating and set a $109.00 price target on the stock in a research note on Thursday, November 7th. Finally, Oppenheimer reduced their price objective on International Flavors & Fragrances from $114.00 to $104.00 and set an “outperform” rating for the company in a research note on Thursday, February 20th. Two research analysts have rated the stock with a sell rating, three have issued a hold rating and twelve have given a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $103.50.

International Flavors & Fragrances 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.