International Flavors & Fragrances Inc. (NYSE:IFF) Shares Sold by Ieq Capital LLC

Ieq Capital LLC reduced its holdings in International Flavors & Fragrances Inc. (NYSE:IFF) by 73.1% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 3,365 shares of the specialty chemicals company’s stock after selling 9,123 shares during the period. Ieq Capital LLC’s holdings in International Flavors & Fragrances were worth $285,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. Point72 Hong Kong Ltd acquired a new position in shares of International Flavors & Fragrances during the third quarter valued at approximately $42,000. Ashton Thomas Securities LLC acquired a new position in International Flavors & Fragrances in the 3rd quarter valued at $48,000. Catalyst Capital Advisors LLC purchased a new position in International Flavors & Fragrances in the 3rd quarter valued at $67,000. Principal Securities Inc. boosted its stake in International Flavors & Fragrances by 36.6% during the 4th quarter. Principal Securities Inc. now owns 638 shares of the specialty chemicals company’s stock worth $54,000 after purchasing an additional 171 shares during the last quarter. Finally, Brooklyn Investment Group purchased a new stake in shares of International Flavors & Fragrances during the third quarter worth $88,000. 96.02% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

IFF has been the topic of a number of recent research reports. UBS Group boosted their price target on shares of International Flavors & Fragrances from $108.00 to $111.00 and gave the stock a “neutral” rating in a research report on Wednesday, November 6th. JPMorgan Chase & Co. dropped their price target on 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. Citigroup reduced their price objective on International Flavors & Fragrances from $110.00 to $105.00 and set a “buy” rating on the stock in a research report on Wednesday, December 18th. Stifel Nicolaus dropped their target price on International Flavors & Fragrances from $113.00 to $105.00 and set a “buy” rating for the company in a report on Monday, February 3rd. Finally, Argus raised International Flavors & Fragrances from a “hold” rating to a “buy” rating in a research note on Tuesday, January 7th. Two investment analysts have rated the stock with a sell rating, three have issued a hold rating and twelve have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $103.50.

International Flavors & Fragrances Stock Performance

Shares of International Flavors & Fragrances stock opened at $81.96 on Friday. The company has a debt-to-equity ratio of 0.54, a current ratio of 1.84 and a quick ratio of 1.93. The stock has a market capitalization of $20.96 billion, a price-to-earnings ratio of 87.19, a price-to-earnings-growth ratio of 1.45 and a beta of 1.19. The business has a 50-day moving average of $84.16 and a 200 day moving average of $92.93. International Flavors & Fragrances Inc. has a 12 month low of $73.82 and a 12 month high of $106.77.

International Flavors & Fragrances (NYSE:IFF) last announced its quarterly earnings data 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 firm had revenue of $2.77 billion during the quarter, compared to analysts’ expectations of $2.67 billion. International Flavors & Fragrances had a net margin of 2.12% and a return on equity of 7.72%. As a group, sell-side analysts forecast that International Flavors & Fragrances Inc. will post 4.32 earnings per share for the current year.

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.