International Flavors & Fragrances Inc. (NYSE:IFF) Shares Acquired by Allspring Global Investments Holdings LLC

Allspring Global Investments Holdings LLC increased its position in International Flavors & Fragrances Inc. (NYSE:IFF - Free Report) by 99.9% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 75,775 shares of the specialty chemicals company's stock after buying an additional 37,865 shares during the period. Allspring Global Investments Holdings LLC's holdings in International Flavors & Fragrances were worth $6,296,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of IFF. Pictet North America Advisors SA lifted its holdings in shares of International Flavors & Fragrances by 3.1% in the 3rd quarter. Pictet North America Advisors SA now owns 3,275 shares of the specialty chemicals company's stock valued at $344,000 after acquiring an additional 99 shares during the last quarter. Integrated Advisors Network LLC raised its position in International Flavors & Fragrances by 1.9% in the 3rd quarter. Integrated Advisors Network LLC now owns 5,720 shares of the specialty chemicals company's stock worth $600,000 after purchasing an additional 107 shares during the period. UMB Bank n.a. raised its position in International Flavors & Fragrances by 8.9% in the 4th quarter. UMB Bank n.a. now owns 1,458 shares of the specialty chemicals company's stock worth $123,000 after purchasing an additional 119 shares during the period. Huntington National Bank raised its position in International Flavors & Fragrances by 3.1% in the 3rd quarter. Huntington National Bank now owns 4,095 shares of the specialty chemicals company's stock worth $430,000 after purchasing an additional 124 shares during the period. Finally, Arete Wealth Advisors LLC raised its position in International Flavors & Fragrances by 4.2% in the 3rd quarter. Arete Wealth Advisors LLC now owns 3,061 shares of the specialty chemicals company's stock worth $321,000 after purchasing an additional 124 shares during the period. Institutional investors own 96.02% of the company's stock.

Analyst Ratings Changes

IFF has been the topic of a number of recent analyst reports. Oppenheimer reduced their price objective on shares of International Flavors & Fragrances from $114.00 to $104.00 and set an "outperform" rating on the stock in a research report on Thursday. Citigroup reduced their target price on shares of 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. Morgan Stanley raised shares of International Flavors & Fragrances from an "equal weight" rating to an "overweight" rating and reduced their target price for the stock from $111.00 to $110.00 in a research report on Tuesday, November 12th. 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. Finally, Argus raised shares of International Flavors & Fragrances from a "hold" rating to a "buy" rating in a research report on Tuesday, January 7th. Two research analysts have rated the stock with a sell rating, three have issued a hold rating and twelve have issued a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $103.50.

International Flavors & Fragrances Stock Up 0.2 %

IFF traded up $0.18 during trading on Friday, hitting $80.32. The stock had a trading volume of 686,863 shares, compared to its average volume of 1,474,294. The company has a market capitalization of $20.54 billion, a PE ratio of 85.36, a PEG ratio of 1.48 and a beta of 1.19. International Flavors & Fragrances Inc. has a twelve month low of $72.94 and a twelve month high of $106.77. 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 stock has a 50 day simple moving average of $84.86 and a two-hundred day simple moving average of $93.55.

International Flavors & Fragrances (NYSE:IFF - Get Free Report) last announced its earnings results on Tuesday, February 18th. The specialty chemicals company reported $0.97 earnings per share for the quarter, beating the consensus estimate of $0.83 by $0.14. The company had revenue of $2.77 billion during the quarter, compared to the consensus estimate of $2.67 billion. International Flavors & Fragrances had a net margin of 2.12% and a return on equity of 7.72%. On average, research analysts predict that International Flavors & Fragrances Inc. will post 4.35 earnings per share for the current year.

About International Flavors & Fragrances

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.