Proficio Capital Partners LLC acquired a new position in International Flavors & Fragrances Inc. (NYSE:IFF - Free Report) during the fourth quarter, according to its most recent filing with the SEC. The firm acquired 95,795 shares of the specialty chemicals company's stock, valued at approximately $8,099,000.
Several other hedge funds have also recently made changes to their positions in the business. Sumitomo Mitsui Trust Group Inc. increased its position 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 period. Compagnie Lombard Odier SCmA boosted its stake in shares of 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 in the last quarter. Choreo LLC increased its position in shares of International Flavors & Fragrances by 55.7% during the fourth quarter. Choreo LLC now owns 24,401 shares of the specialty chemicals company's stock valued at $2,055,000 after buying an additional 8,728 shares during the period. Covea Finance raised its stake in International Flavors & Fragrances by 79.0% in the fourth quarter. Covea Finance now owns 123,090 shares of the specialty chemicals company's stock worth $10,407,000 after buying an additional 54,340 shares in the last quarter. Finally, U.S. Capital Wealth Advisors LLC purchased a new stake in International Flavors & Fragrances in the fourth quarter worth about $7,508,000. 96.02% of the stock is owned by hedge funds and other institutional investors.
Analyst Ratings Changes
IFF has been the topic of a number of research analyst reports. Oppenheimer reduced their target price on International Flavors & Fragrances from $114.00 to $104.00 and set an "outperform" rating on the stock in a report on Thursday, February 20th. Citigroup decreased their price objective on International Flavors & Fragrances from $110.00 to $105.00 and set a "buy" rating for the company in a report on Wednesday, December 18th. Barclays dropped 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 report on Friday, January 17th. JPMorgan Chase & Co. decreased their price target on shares of International Flavors & Fragrances from $107.00 to $104.00 and set an "overweight" rating for the company in a research note on Thursday, February 20th. Finally, Stifel Nicolaus lowered their target price on shares of International Flavors & Fragrances from $113.00 to $105.00 and set a "buy" rating for the company in a report on Monday, February 3rd. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and twelve have assigned a buy rating to the stock. According to MarketBeat, International Flavors & Fragrances currently has a consensus rating of "Moderate Buy" and a consensus price target of $103.50.
View Our Latest Stock Report on International Flavors & Fragrances
International Flavors & Fragrances Price Performance
IFF traded up $0.20 during trading on Thursday, reaching $81.45. 563,081 shares of the company traded hands, compared to its average volume of 1,462,000. International Flavors & Fragrances Inc. has a 12-month low of $76.31 and a 12-month high of $106.77. The firm has a fifty day simple moving average of $83.98 and a 200 day simple moving average of $92.62. The company has a debt-to-equity ratio of 0.54, a quick ratio of 1.93 and a current ratio of 1.84. The company has a market cap of $20.83 billion, a P/E ratio of 86.70, a PEG ratio of 1.45 and a beta of 1.21.
International Flavors & Fragrances (NYSE:IFF - Get Free Report) last announced its quarterly earnings results on Tuesday, February 18th. The specialty chemicals company reported $0.97 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.83 by $0.14. International Flavors & Fragrances had a net margin of 2.12% and a return on equity of 7.72%. The company had revenue of $2.77 billion for the quarter, compared to the consensus estimate of $2.67 billion. On average, equities analysts forecast that International Flavors & Fragrances Inc. will post 4.32 EPS for the current year.
About International Flavors & Fragrances
(
Free Report)
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.
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