International Flavors & Fragrances Inc. (NYSE:IFF) Shares Sold by Hanson & Doremus Investment Management

Hanson & Doremus Investment Management reduced its position in International Flavors & Fragrances Inc. (NYSE:IFF - Free Report) by 51.8% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 17,065 shares of the specialty chemicals company's stock after selling 18,329 shares during the quarter. Hanson & Doremus Investment Management's holdings in International Flavors & Fragrances were worth $1,443,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Nordea Investment Management AB increased its position in shares of International Flavors & Fragrances by 25.7% during the fourth 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 during the period. Robeco Institutional Asset Management B.V. raised its position in International Flavors & Fragrances by 70.9% in the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 708,081 shares of the specialty chemicals company's stock valued at $74,299,000 after purchasing an additional 293,760 shares in the last quarter. Smith Group Asset Management LLC purchased a new position in shares of International Flavors & Fragrances in the 3rd quarter valued at about $22,399,000. State Street Corp grew its position in shares of International Flavors & Fragrances by 1.9% during the third quarter. State Street Corp now owns 10,467,517 shares of the specialty chemicals company's stock worth $1,102,363,000 after buying an additional 196,696 shares in the last quarter. Finally, Zurich Insurance Group Ltd FI acquired a new stake in International Flavors & Fragrances in the third quarter valued at approximately $19,813,000. Hedge funds and other institutional investors own 96.02% of the company's stock.

International Flavors & Fragrances Price Performance

International Flavors & Fragrances stock traded up $1.26 during midday trading on Thursday, reaching $87.26. The company's stock had a trading volume of 663,306 shares, compared to its average volume of 1,310,926. The company has a debt-to-equity ratio of 0.58, a quick ratio of 1.93 and a current ratio of 2.62. International Flavors & Fragrances Inc. has a fifty-two week low of $72.94 and a fifty-two week high of $106.77. The firm has a market capitalization of $22.31 billion, a PE ratio of -9.59, a P/E/G ratio of 1.51 and a beta of 1.18. The stock's 50 day simple moving average is $86.36 and its 200 day simple moving average is $94.94.

International Flavors & Fragrances (NYSE:IFF - Get Free Report) last announced its quarterly earnings results on Tuesday, November 5th. The specialty chemicals company reported $0.62 EPS for the quarter, missing the consensus estimate of $1.08 by ($0.46). The firm had revenue of $2.93 billion for the quarter, compared to analysts' expectations of $2.83 billion. International Flavors & Fragrances had a positive return on equity of 7.16% and a negative net margin of 20.33%. International Flavors & Fragrances's revenue was up 3.7% compared to the same quarter last year. During the same period last year, the firm earned $0.89 EPS. On average, equities research analysts forecast that International Flavors & Fragrances Inc. will post 4.15 earnings per share for the current year.

Insider Buying and Selling at International Flavors & Fragrances

In related news, insider Yuvraj Arora sold 5,000 shares of the business's stock in a transaction dated Monday, November 11th. The shares were sold at an average price of $91.75, for a total value of $458,750.00. Following the completion of the transaction, the insider now owns 3,238 shares of the company's stock, valued at approximately $297,086.50. The trade was a 60.69 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders own 0.20% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on IFF shares. UBS Group lifted 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 report on Wednesday, November 6th. Morgan Stanley raised International Flavors & Fragrances from an "equal weight" rating to an "overweight" rating and cut their target price for the stock from $111.00 to $110.00 in a research report on Tuesday, November 12th. JPMorgan Chase & Co. cut their price objective on shares of International Flavors & Fragrances from $110.00 to $107.00 and set an "overweight" rating on the stock in a report on Thursday, November 7th. Oppenheimer dropped their target price on shares of International Flavors & Fragrances from $117.00 to $114.00 and set an "outperform" rating on the stock in a research report on Tuesday. Finally, Barclays dropped 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. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and twelve have issued a buy rating to the company's stock. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of $109.00.

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.