Ieq Capital LLC Sells 9,123 Shares of International Flavors & Fragrances Inc. (NYSE:IFF)

Ieq Capital LLC cut its stake in shares of International Flavors & Fragrances Inc. (NYSE:IFF - Free Report) by 73.1% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 3,365 shares of the specialty chemicals company's stock after selling 9,123 shares during the period. Ieq Capital LLC's holdings in International Flavors & Fragrances were worth $285,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently bought and sold shares of the stock. Integrated Advisors Network LLC boosted its holdings in shares of 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 valued at $600,000 after buying an additional 107 shares during the last quarter. UMB Bank n.a. lifted its stake in International Flavors & Fragrances by 8.9% in the fourth quarter. UMB Bank n.a. now owns 1,458 shares of the specialty chemicals company's stock valued at $123,000 after acquiring an additional 119 shares during the last quarter. Huntington National Bank grew its position in shares of 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 valued at $430,000 after acquiring an additional 124 shares during the period. Arete Wealth Advisors LLC increased its stake in shares of International Flavors & Fragrances by 4.2% during 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 last quarter. Finally, Truist Financial Corp raised its holdings in shares of International Flavors & Fragrances by 0.7% in the 4th quarter. Truist Financial Corp now owns 19,908 shares of the specialty chemicals company's stock valued at $1,683,000 after purchasing an additional 129 shares during the period. 96.02% of the stock is currently owned by institutional investors.

International Flavors & Fragrances Price Performance

International Flavors & Fragrances stock traded down $0.46 during trading hours on Tuesday, reaching $80.46. 890,259 shares of the stock were exchanged, 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 company has a market cap of $20.57 billion, a P/E ratio of 85.62, a price-to-earnings-growth ratio of 1.45 and a beta of 1.19. The stock has a 50 day moving average of $84.08 and a two-hundred day moving average of $92.75.

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

Analysts Set New Price Targets

A number of equities analysts have weighed in on IFF shares. Cfra downgraded International Flavors & Fragrances from a "buy" rating to a "sell" rating and set a $77.00 price target on the stock. in a research report on Thursday, February 20th. Wells Fargo & Company dropped their price target on International Flavors & Fragrances from $115.00 to $105.00 and set an "overweight" rating on the stock in a research note on Thursday, February 20th. Vertical Research raised shares of International Flavors & Fragrances from a "hold" rating to a "buy" rating and set a $109.00 price objective for the company in a research report on Thursday, November 7th. Barclays dropped their price objective 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, Citigroup lowered their price target on shares of International Flavors & Fragrances from $110.00 to $105.00 and set a "buy" rating on the stock in a report on Wednesday, December 18th. One 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 data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price 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.