Bank of New York Mellon Corp Boosts Holdings in International Flavors & Fragrances Inc. (NYSE:IFF)

Bank of New York Mellon Corp increased its holdings in International Flavors & Fragrances Inc. (NYSE:IFF - Free Report) by 0.9% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,879,317 shares of the specialty chemicals company's stock after acquiring an additional 17,372 shares during the quarter. Bank of New York Mellon Corp owned approximately 0.74% of International Flavors & Fragrances worth $158,896,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. Point72 Hong Kong Ltd acquired a new position in International Flavors & Fragrances in the third quarter valued at $42,000. Ashton Thomas Securities LLC acquired a new position in International Flavors & Fragrances in the 3rd quarter valued at about $48,000. Catalyst Capital Advisors LLC purchased a new stake in International Flavors & Fragrances during the 3rd quarter valued at approximately $67,000. Principal Securities Inc. lifted its position in International Flavors & Fragrances by 36.6% during the 4th quarter. Principal Securities Inc. now owns 638 shares of the specialty chemicals company's stock worth $54,000 after acquiring an additional 171 shares during the period. Finally, Brooklyn Investment Group purchased a new position in shares of International Flavors & Fragrances in the 3rd quarter valued at approximately $88,000. Hedge funds and other institutional investors own 96.02% of the company's stock.

International Flavors & Fragrances Price Performance

Shares of NYSE IFF traded down $0.49 during trading on Tuesday, reaching $80.43. The company had a trading volume of 890,259 shares, compared to its average volume of 1,465,584. 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 twelve month low of $75.56 and a twelve month high of $106.77. The stock has a 50-day moving average price of $84.08 and a two-hundred day moving average price of $92.75. The stock has a market capitalization of $20.56 billion, a PE ratio of 85.62, a price-to-earnings-growth ratio of 1.45 and a beta of 1.19.

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 firm 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%. As a group, sell-side analysts predict that International Flavors & Fragrances Inc. will post 4.32 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on the company. Oppenheimer decreased 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. Wells Fargo & Company dropped their target price on International Flavors & Fragrances from $115.00 to $105.00 and set an "overweight" rating on the stock in a research report on Thursday, February 20th. Stifel Nicolaus reduced their price target 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. JPMorgan Chase & Co. dropped their price objective on International Flavors & Fragrances from $107.00 to $104.00 and set an "overweight" rating on the stock in a report on Thursday, February 20th. Finally, Citigroup decreased 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. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and twelve have issued a buy rating to the stock. According to MarketBeat.com, the stock has an average 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.