International Flavors & Fragrances Inc. (NYSE:IFF) Holdings Trimmed by Leeward Investments LLC MA

Leeward Investments LLC MA reduced its holdings in International Flavors & Fragrances Inc. (NYSE:IFF) by 3.3% during the fourth quarter, Holdings Channel reports. The firm owned 97,365 shares of the specialty chemicals company’s stock after selling 3,300 shares during the period. Leeward Investments LLC MA’s holdings in International Flavors & Fragrances were worth $8,232,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in the business. State Street Corp raised its holdings in shares of International Flavors & Fragrances by 1.9% in the 3rd quarter. State Street Corp now owns 10,467,517 shares of the specialty chemicals company’s stock worth $1,102,363,000 after purchasing an additional 196,696 shares in the last quarter. Geode Capital Management LLC boosted its stake in shares of International Flavors & Fragrances by 1.3% during the 3rd quarter. Geode Capital Management LLC now owns 6,008,830 shares of the specialty chemicals company’s stock worth $628,341,000 after acquiring an additional 77,521 shares in the last quarter. Van ECK Associates Corp boosted its stake in shares of International Flavors & Fragrances by 41.6% during the 4th quarter. Van ECK Associates Corp now owns 5,664,250 shares of the specialty chemicals company’s stock worth $478,912,000 after acquiring an additional 1,663,629 shares in the last quarter. Nordea Investment Management AB boosted its stake in shares of International Flavors & Fragrances by 25.7% during the 4th quarter. Nordea Investment Management AB now owns 5,489,741 shares of the specialty chemicals company’s stock worth $464,926,000 after acquiring an additional 1,121,414 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its stake in shares of International Flavors & Fragrances by 1.1% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,498,815 shares of the specialty chemicals company’s stock worth $157,271,000 after acquiring an additional 16,590 shares in the last quarter. 96.02% of the stock is currently owned by institutional investors.

International Flavors & Fragrances Price Performance

IFF opened at $79.92 on Monday. The stock has a fifty day moving average price of $84.71 and a 200 day moving average price of $93.42. 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 Inc. has a 1 year low of $72.94 and a 1 year high of $106.77. The stock has a market cap of $20.43 billion, a price-to-earnings ratio of 85.02, a PEG ratio of 1.45 and a beta of 1.19.

International Flavors & Fragrances (NYSE:IFF) last posted its quarterly earnings results on Tuesday, February 18th. The specialty chemicals company reported $0.97 earnings per share for the quarter, topping 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 company had revenue of $2.77 billion during the quarter, compared to the consensus estimate of $2.67 billion. Analysts forecast that International Flavors & Fragrances Inc. will post 4.32 EPS for the current fiscal year.

Analysts Set New Price Targets

Several research firms have issued reports on IFF. Stifel Nicolaus cut their price objective on International Flavors & Fragrances from $113.00 to $105.00 and set a “buy” rating on the stock in a report on Monday, February 3rd. Barclays cut their price objective on International Flavors & Fragrances from $90.00 to $88.00 and set an “equal weight” rating on the stock in a report on Friday, January 17th. Cfra downgraded International Flavors & Fragrances from a “buy” rating to a “sell” rating and set a $77.00 price objective on the stock. in a report on Thursday. UBS Group raised their price objective on shares of International Flavors & Fragrances from $108.00 to $111.00 and gave the stock a “neutral” rating in a research note on Wednesday, November 6th. Finally, Morgan Stanley raised shares of International Flavors & Fragrances from an “equal weight” rating to an “overweight” rating and decreased their price objective for the stock from $111.00 to $110.00 in a research note on Tuesday, November 12th. 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 stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target 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.