Allspring Global Investments Holdings LLC Buys 37,865 Shares of International Flavors & Fragrances Inc. (NYSE:IFF)

Allspring Global Investments Holdings LLC increased its stake in International Flavors & Fragrances Inc. (NYSE:IFF) by 99.9% during the fourth quarter, HoldingsChannel reports. The firm owned 75,775 shares of the specialty chemicals company’s stock after acquiring an additional 37,865 shares during the period. Allspring Global Investments Holdings LLC’s holdings in International Flavors & Fragrances were worth $6,296,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently modified their holdings of the stock. Pictet North America Advisors SA raised its holdings in International Flavors & Fragrances by 3.1% during the 3rd quarter. Pictet North America Advisors SA now owns 3,275 shares of the specialty chemicals company’s stock valued at $344,000 after acquiring an additional 99 shares during the period. Integrated Advisors Network LLC grew its position in shares of International Flavors & Fragrances by 1.9% during the 3rd quarter. Integrated Advisors Network LLC now owns 5,720 shares of the specialty chemicals company’s stock valued at $600,000 after purchasing an additional 107 shares in the last quarter. UMB Bank n.a. grew its position in shares of International Flavors & Fragrances by 8.9% during the 4th quarter. UMB Bank n.a. now owns 1,458 shares of the specialty chemicals company’s stock valued at $123,000 after purchasing an additional 119 shares in the last quarter. Huntington National Bank grew its position in shares of 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 purchasing an additional 124 shares in the last quarter. Finally, Arete Wealth Advisors LLC grew its position 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 purchasing an additional 124 shares in the last quarter. Institutional investors own 96.02% of the company’s stock.

International Flavors & Fragrances Trading Down 5.2 %

Shares of IFF stock opened at $81.99 on Thursday. The company has a current ratio of 2.62, a quick ratio of 1.93 and a debt-to-equity ratio of 0.58. International Flavors & Fragrances Inc. has a 12-month low of $72.94 and a 12-month high of $106.77. The stock has a market capitalization of $20.96 billion, a P/E ratio of -9.02, a P/E/G ratio of 1.54 and a beta of 1.19. The firm’s 50 day moving average is $85.02 and its 200 day moving average is $93.64.

International Flavors & Fragrances (NYSE:IFF) last released its earnings results on Tuesday, February 18th. The specialty chemicals company reported $0.97 earnings per share for the quarter, beating analysts’ consensus estimates of $0.83 by $0.14. The company had revenue of $2.77 billion for the quarter, compared to analysts’ expectations of $2.67 billion. International Flavors & Fragrances had a negative net margin of 20.33% and a positive return on equity of 7.16%. Research analysts expect that International Flavors & Fragrances Inc. will post 4.15 earnings per share for the current year.

Analysts Set New Price Targets

A number of research firms have recently commented on IFF. Vertical Research upgraded shares of International Flavors & Fragrances from a “hold” rating to a “buy” rating and set a $109.00 price target for the company in a research report on Thursday, November 7th. Argus upgraded shares of International Flavors & Fragrances from a “hold” rating to a “buy” rating in a research report on Tuesday, January 7th. JPMorgan Chase & Co. lowered their price objective on shares of International Flavors & Fragrances from $110.00 to $107.00 and set an “overweight” rating for the company in a research note on Thursday, November 7th. Stifel Nicolaus lowered their price objective on shares of International Flavors & Fragrances from $113.00 to $105.00 and set a “buy” rating for the company in a research note on Monday, February 3rd. Finally, UBS Group upped their price objective on shares of International Flavors & Fragrances from $108.00 to $111.00 and gave the company a “neutral” rating in a research note on Wednesday, November 6th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and twelve have given a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $107.77.

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.