Kornitzer Capital Management Inc. KS Reduces Stock Position in International Flavors & Fragrances Inc. (NYSE:IFF)

Kornitzer Capital Management Inc. KS trimmed its position in International Flavors & Fragrances Inc. (NYSE:IFF - Free Report) by 13.9% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 71,846 shares of the specialty chemicals company's stock after selling 11,620 shares during the quarter. Kornitzer Capital Management Inc. KS's holdings in International Flavors & Fragrances were worth $6,075,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently modified their holdings of the company. Pictet North America Advisors SA lifted its holdings in International Flavors & Fragrances by 3.1% in the third quarter. Pictet North America Advisors SA now owns 3,275 shares of the specialty chemicals company's stock valued at $344,000 after buying an additional 99 shares during the period. Integrated Advisors Network LLC lifted its holdings in International Flavors & Fragrances by 1.9% in the third 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 period. UMB Bank n.a. lifted its holdings 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 buying an additional 119 shares during the period. Huntington National Bank increased its stake in International Flavors & Fragrances by 3.1% in the third quarter. Huntington National Bank now owns 4,095 shares of the specialty chemicals company's stock valued at $430,000 after purchasing an additional 124 shares in the last quarter. Finally, Arete Wealth Advisors LLC increased its stake in International Flavors & Fragrances by 4.2% in the third quarter. Arete Wealth Advisors LLC now owns 3,061 shares of the specialty chemicals company's stock valued at $321,000 after purchasing an additional 124 shares in the last quarter. 96.02% of the stock is owned by institutional investors.

International Flavors & Fragrances Stock Down 0.3 %

IFF stock traded down $0.22 during trading on Friday, reaching $79.92. The stock had a trading volume of 1,571,210 shares, compared to its average volume of 1,501,512. International Flavors & Fragrances Inc. has a one year low of $72.94 and a one year high of $106.77. The company has a quick ratio of 1.93, a current ratio of 1.84 and a debt-to-equity ratio of 0.54. The company's 50 day moving average is $84.86 and its two-hundred day moving average is $93.55. The company has a market capitalization of $20.43 billion, a price-to-earnings ratio of 85.02, a P/E/G ratio of 1.48 and a beta of 1.19.

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

Wall Street Analysts Forecast Growth

Several research firms have weighed in on IFF. Citigroup decreased their price target on shares of International Flavors & Fragrances from $110.00 to $105.00 and set a "buy" rating for the company in a research note on Wednesday, December 18th. Morgan Stanley raised shares of International Flavors & Fragrances from an "equal weight" rating to an "overweight" rating and decreased their price target for the company from $111.00 to $110.00 in a research note on Tuesday, November 12th. Bank of America decreased their price target on shares of International Flavors & Fragrances from $105.00 to $101.00 and set a "buy" rating for the company in a research note on Thursday. Stifel Nicolaus decreased 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 research report on Monday, February 3rd. Finally, Barclays decreased their target price on shares of International Flavors & Fragrances from $90.00 to $88.00 and set an "equal weight" rating for the company in a research report on Friday, January 17th. Two equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and twelve have issued a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus 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.