Swedbank AB Raises Holdings in International Flavors & Fragrances Inc. (NYSE:IFF)

Swedbank AB raised its position in shares of International Flavors & Fragrances Inc. (NYSE:IFF) by 1.6% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 178,075 shares of the specialty chemicals company’s stock after acquiring an additional 2,749 shares during the period. Swedbank AB’s holdings in International Flavors & Fragrances were worth $15,056,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. Northwest Investment Counselors LLC acquired a new stake in International Flavors & Fragrances during the 3rd quarter worth approximately $27,000. Point72 Hong Kong Ltd acquired a new stake in shares of International Flavors & Fragrances in the third quarter worth $42,000. Oakworth Capital Inc. purchased a new position in shares of International Flavors & Fragrances in the 3rd quarter valued at $44,000. Eastern Bank acquired a new position in shares of International Flavors & Fragrances during the 3rd quarter valued at $46,000. Finally, Ashton Thomas Securities LLC purchased a new stake in International Flavors & Fragrances during the 3rd quarter worth $48,000. 96.02% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research analysts have commented on IFF shares. Vertical Research upgraded International Flavors & Fragrances from a “hold” rating to a “buy” rating and set a $109.00 price objective on the stock in a research note on Thursday, November 7th. Citigroup lowered their price objective on shares of International Flavors & Fragrances from $110.00 to $105.00 and set a “buy” rating for the company in a research report on Wednesday, December 18th. Barclays reduced their target price on shares of International Flavors & Fragrances from $90.00 to $88.00 and set an “equal weight” rating on the stock in a research report on Friday, January 17th. UBS Group raised their price target on shares of International Flavors & Fragrances from $108.00 to $111.00 and gave the company a “neutral” rating in a report on Wednesday, November 6th. Finally, Stifel Nicolaus boosted their price objective on shares of International Flavors & Fragrances from $115.00 to $121.00 and gave the stock a “buy” rating in a report on Thursday, October 24th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and twelve have issued a buy rating to the company’s stock. According to data from MarketBeat, International Flavors & Fragrances presently has a consensus rating of “Moderate Buy” and a consensus price target of $109.00.

International Flavors & Fragrances Trading Down 0.7 %

NYSE:IFF opened at $87.07 on Friday. International Flavors & Fragrances Inc. has a 52 week low of $72.94 and a 52 week high of $106.77. The company has a quick ratio of 1.93, a current ratio of 2.62 and a debt-to-equity ratio of 0.58. The company has a market cap of $22.26 billion, a PE ratio of -9.58, a P/E/G ratio of 1.52 and a beta of 1.18. The business’s 50 day moving average is $86.24 and its two-hundred day moving average is $94.83.

International Flavors & Fragrances (NYSE:IFF) last released its quarterly earnings data on Tuesday, November 5th. The specialty chemicals company reported $0.62 EPS for the quarter, missing analysts’ consensus estimates of $1.08 by ($0.46). International Flavors & Fragrances had a positive return on equity of 7.16% and a negative net margin of 20.33%. The business had revenue of $2.93 billion during the quarter, compared to analyst estimates of $2.83 billion. During the same period in the prior year, the firm earned $0.89 EPS. The business’s revenue for the quarter was up 3.7% compared to the same quarter last year. On average, analysts predict that International Flavors & Fragrances Inc. will post 4.15 EPS for the current year.

Insider Buying and Selling

In related news, insider Yuvraj Arora sold 5,000 shares of the company’s stock in a transaction on Monday, November 11th. The stock was sold at an average price of $91.75, for a total transaction of $458,750.00. Following the completion of the transaction, the insider now directly owns 3,238 shares in the company, valued at $297,086.50. This represents a 60.69 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.20% of the stock is owned by company insiders.

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.