Mn Services Vermogensbeheer B.V. Purchases 1,700 Shares of International Flavors & Fragrances Inc. (NYSE:IFF)

Mn Services Vermogensbeheer B.V. raised its holdings in shares of International Flavors & Fragrances Inc. (NYSE:IFF) by 1.7% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 99,551 shares of the specialty chemicals company’s stock after purchasing an additional 1,700 shares during the quarter. Mn Services Vermogensbeheer B.V.’s holdings in International Flavors & Fragrances were worth $8,417,000 at the end of the most recent reporting period.

Other hedge funds have also added to or reduced their stakes in the company. Sumitomo Mitsui Trust Group Inc. lifted its holdings in International Flavors & Fragrances by 1.2% during the 3rd quarter. Sumitomo Mitsui Trust Group Inc. now owns 615,006 shares of the specialty chemicals company’s stock valued at $64,533,000 after purchasing an additional 7,553 shares during the last quarter. Compagnie Lombard Odier SCmA lifted its holdings in International Flavors & Fragrances by 11.1% during the 4th quarter. Compagnie Lombard Odier SCmA now owns 114,179 shares of the specialty chemicals company’s stock valued at $9,654,000 after purchasing an additional 11,406 shares during the last quarter. Choreo LLC lifted its holdings in International Flavors & Fragrances by 55.7% during the 4th quarter. Choreo LLC now owns 24,401 shares of the specialty chemicals company’s stock valued at $2,055,000 after purchasing an additional 8,728 shares during the last quarter. Covea Finance lifted its holdings in International Flavors & Fragrances by 79.0% during the 4th quarter. Covea Finance now owns 123,090 shares of the specialty chemicals company’s stock valued at $10,407,000 after purchasing an additional 54,340 shares during the last quarter. Finally, U.S. Capital Wealth Advisors LLC acquired a new stake in International Flavors & Fragrances during the 4th quarter valued at $7,508,000. Institutional investors and hedge funds own 96.02% of the company’s stock.

International Flavors & Fragrances Stock Up 1.1 %

IFF stock opened at $81.96 on Friday. The company has a market cap of $20.96 billion, a PE 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 simple moving average of $84.16 and a 200 day simple moving average of $92.93. International Flavors & Fragrances Inc. has a 52 week low of $73.82 and a 52 week high of $106.77. The company has a quick ratio of 1.93, a current ratio of 1.84 and a debt-to-equity ratio of 0.54.

International Flavors & Fragrances (NYSE:IFF) last posted its quarterly earnings results on Tuesday, February 18th. The specialty chemicals company reported $0.97 EPS for the quarter, beating analysts’ consensus estimates of $0.83 by $0.14. International Flavors & Fragrances had a return on equity of 7.72% and a net margin of 2.12%. The business had revenue of $2.77 billion during the quarter, compared to the consensus estimate of $2.67 billion. Sell-side analysts anticipate that International Flavors & Fragrances Inc. will post 4.32 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on the company. Oppenheimer cut their price target on International Flavors & Fragrances from $114.00 to $104.00 and set an “outperform” rating for the company in a report on Thursday, February 20th. Barclays dropped their target price on International Flavors & Fragrances from $90.00 to $88.00 and set an “equal weight” rating for the company in a report on Friday, January 17th. Vertical Research raised International Flavors & Fragrances from a “hold” rating to a “buy” rating and set a $109.00 target price for the company in a report on Thursday, November 7th. 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, Wells Fargo & Company dropped their target price on International Flavors & Fragrances from $115.00 to $105.00 and set an “overweight” rating for the company in a report on Thursday, February 20th. Two research analysts have rated the stock with a sell rating, three have assigned a hold rating and twelve have given a buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $103.50.

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.