Y Intercept Hong Kong Ltd Lowers Stock Holdings in International Flavors & Fragrances Inc. (NYSE:IFF)

Y Intercept Hong Kong Ltd lowered its holdings in International Flavors & Fragrances Inc. (NYSE:IFF - Free Report) by 65.6% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 9,804 shares of the specialty chemicals company's stock after selling 18,687 shares during the quarter. Y Intercept Hong Kong Ltd's holdings in International Flavors & Fragrances were worth $829,000 at the end of the most recent reporting period.

Several other hedge funds have also recently modified their holdings of IFF. Eubel Brady & Suttman Asset Management Inc. raised its stake in International Flavors & Fragrances by 14.5% in the fourth quarter. Eubel Brady & Suttman Asset Management Inc. now owns 357,326 shares of the specialty chemicals company's stock worth $30,212,000 after buying an additional 45,222 shares in the last quarter. Crumly & Associates Inc. raised its position in shares of International Flavors & Fragrances by 4.3% in the 4th quarter. Crumly & Associates Inc. now owns 4,590 shares of the specialty chemicals company's stock worth $388,000 after acquiring an additional 191 shares in the last quarter. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors purchased a new stake in shares of International Flavors & Fragrances during the 4th quarter worth $9,271,000. Venturi Wealth Management LLC boosted its position in International Flavors & Fragrances by 74.8% during the fourth quarter. Venturi Wealth Management LLC now owns 1,729 shares of the specialty chemicals company's stock valued at $146,000 after purchasing an additional 740 shares in the last quarter. Finally, Truist Financial Corp raised its holdings in International Flavors & Fragrances by 0.7% in the fourth quarter. Truist Financial Corp now owns 19,908 shares of the specialty chemicals company's stock worth $1,683,000 after purchasing an additional 129 shares in the last quarter. Hedge funds and other institutional investors own 96.02% of the company's stock.

Analysts Set New Price Targets

A number of research firms have recently weighed in on IFF. Morgan Stanley upgraded shares of International Flavors & Fragrances from an "equal weight" rating to an "overweight" rating and lowered their price target for the company from $111.00 to $110.00 in a report on Tuesday, November 12th. Argus raised International Flavors & Fragrances from a "hold" rating to a "buy" rating in a research report on Tuesday, January 7th. 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 research report on Thursday, November 7th. Cfra lowered International Flavors & Fragrances from a "buy" rating to a "sell" rating and set a $77.00 target price on the stock. in a research report on Thursday, February 20th. Finally, Citigroup lowered their price target on 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 assigned a hold rating and twelve have given a buy rating to the company. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $103.50.

International Flavors & Fragrances Stock Performance

Shares of NYSE:IFF traded down $1.00 during midday trading on Monday, reaching $80.81. The company's stock had a trading volume of 1,134,776 shares, compared to its average volume of 1,467,857. 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 stock has a fifty day moving average of $84.16 and a 200 day moving average of $92.88. International Flavors & Fragrances Inc. has a twelve month low of $75.56 and a twelve month high of $106.77. The firm has a market capitalization of $20.66 billion, a PE ratio of 85.97, a P/E/G ratio of 1.45 and a beta of 1.19.

International Flavors & Fragrances (NYSE:IFF - Get Free Report) last announced its quarterly earnings results on Tuesday, February 18th. The specialty chemicals company reported $0.97 earnings per share for the quarter, topping the consensus estimate of $0.83 by $0.14. The company had revenue of $2.77 billion for the quarter, compared to the consensus estimate of $2.67 billion. International Flavors & Fragrances had a return on equity of 7.72% and a net margin of 2.12%. On average, equities analysts expect that International Flavors & Fragrances Inc. will post 4.32 EPS for the current fiscal year.

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.