SG Americas Securities LLC Has $825,000 Stock Holdings in International Flavors & Fragrances Inc. (NYSE:IFF)

SG Americas Securities LLC trimmed its position in shares of International Flavors & Fragrances Inc. (NYSE:IFF - Free Report) by 39.9% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 9,757 shares of the specialty chemicals company's stock after selling 6,470 shares during the period. SG Americas Securities LLC's holdings in International Flavors & Fragrances were worth $825,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in the company. Northwest Investment Counselors LLC purchased a new stake in shares of International Flavors & Fragrances during the third quarter worth about $27,000. Point72 Hong Kong Ltd purchased a new stake in International Flavors & Fragrances during the 3rd quarter worth approximately $42,000. Oakworth Capital Inc. purchased a new position in shares of International Flavors & Fragrances during the 3rd quarter valued at approximately $44,000. Eastern Bank acquired a new stake in shares of International Flavors & Fragrances during the third quarter worth approximately $46,000. Finally, Ashton Thomas Securities LLC acquired a new stake in International Flavors & Fragrances in the third quarter valued at $48,000. Institutional investors and hedge funds own 96.02% of the company's stock.

Insider Activity at International Flavors & Fragrances

In related news, insider Yuvraj Arora sold 5,000 shares of the firm's stock in a transaction dated Monday, November 11th. The stock was sold at an average price of $91.75, for a total transaction of $458,750.00. Following the completion of the transaction, the insider now owns 3,238 shares of the company's stock, valued at $297,086.50. This trade represents a 60.69 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 0.20% of the stock is currently owned by insiders.

International Flavors & Fragrances Stock Performance

Shares of NYSE:IFF traded up $1.75 during trading hours on Thursday, hitting $87.75. The stock had a trading volume of 1,634,826 shares, compared to its average volume of 1,363,565. The stock's fifty day simple moving average is $86.36 and its 200 day simple moving average is $94.94. The firm has a market capitalization of $22.44 billion, a price-to-earnings ratio of -9.65, a PEG ratio of 1.51 and a beta of 1.18. 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 1-year low of $72.94 and a 1-year high of $106.77.

International Flavors & Fragrances (NYSE:IFF - Get Free Report) last posted its 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). International Flavors & Fragrances had a negative net margin of 20.33% and a positive return on equity of 7.16%. The business had revenue of $2.93 billion during the quarter, compared to analyst estimates of $2.83 billion. During the same quarter in the prior year, the business earned $0.89 earnings per share. The firm's revenue was up 3.7% compared to the same quarter last year. Sell-side analysts anticipate that International Flavors & Fragrances Inc. will post 4.15 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

IFF has been the subject of several recent analyst reports. Barclays decreased their price objective on shares of International Flavors & Fragrances from $90.00 to $88.00 and set an "equal weight" rating for the company in a report on Friday, January 17th. Vertical Research raised International Flavors & Fragrances from a "hold" rating to a "buy" rating and set a $109.00 price objective for the company in a report on Thursday, November 7th. Argus upgraded International Flavors & Fragrances from a "hold" rating to a "buy" rating in a research report on Tuesday, January 7th. Bank of America raised International Flavors & Fragrances from a "neutral" rating to a "buy" rating and set a $107.00 price target on the stock in a research report on Friday, November 8th. Finally, Citigroup decreased their price objective on shares of International Flavors & Fragrances from $110.00 to $105.00 and set a "buy" rating for the company in a report on Wednesday, December 18th. One investment 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. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of $109.00.

International Flavors & Fragrances 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.