International Flavors & Fragrances Inc. (NYSE:IFF) Shares Acquired by Oppenheimer & Co. Inc.

Oppenheimer & Co. Inc. boosted its position in shares of International Flavors & Fragrances Inc. (NYSE:IFF - Free Report) by 118.2% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 23,477 shares of the specialty chemicals company's stock after purchasing an additional 12,717 shares during the quarter. Oppenheimer & Co. Inc.'s holdings in International Flavors & Fragrances were worth $1,985,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of IFF. State Street Corp raised its stake in International Flavors & Fragrances by 1.9% in the 3rd quarter. State Street Corp now owns 10,467,517 shares of the specialty chemicals company's stock valued at $1,102,363,000 after purchasing an additional 196,696 shares during the last quarter. Geode Capital Management LLC increased its stake in International Flavors & Fragrances by 1.3% in the third quarter. Geode Capital Management LLC now owns 6,008,830 shares of the specialty chemicals company's stock valued at $628,341,000 after purchasing an additional 77,521 shares during the last quarter. Van ECK Associates Corp lifted its position in International Flavors & Fragrances by 41.6% during the fourth quarter. Van ECK Associates Corp now owns 5,664,250 shares of the specialty chemicals company's stock worth $478,912,000 after buying an additional 1,663,629 shares during the period. Nordea Investment Management AB grew its holdings in International Flavors & Fragrances by 25.7% in the 4th quarter. Nordea Investment Management AB now owns 5,489,741 shares of the specialty chemicals company's stock valued at $464,926,000 after buying an additional 1,121,414 shares during the period. Finally, Bank of New York Mellon Corp lifted its holdings in shares of International Flavors & Fragrances by 0.9% during the 4th quarter. Bank of New York Mellon Corp now owns 1,879,317 shares of the specialty chemicals company's stock worth $158,896,000 after acquiring an additional 17,372 shares during the period. Institutional investors and hedge funds own 96.02% of the company's stock.

Analyst Ratings Changes

Several brokerages recently commented on IFF. Bank of America dropped 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 report on Thursday, February 20th. UBS Group boosted their price objective on International Flavors & Fragrances from $108.00 to $111.00 and gave the stock a "neutral" rating in a research note on Wednesday, November 6th. Argus upgraded International Flavors & Fragrances from a "hold" rating to a "buy" rating in a research note on Tuesday, January 7th. Citigroup decreased 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. Finally, Morgan Stanley raised shares of International Flavors & Fragrances from an "equal weight" rating to an "overweight" rating and reduced their target price for the stock from $111.00 to $110.00 in a research report on Tuesday, November 12th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and twelve have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target of $103.50.

International Flavors & Fragrances Stock Performance

IFF stock traded up $0.61 during trading on Thursday, hitting $81.86. 528,267 shares of the company's stock traded hands, compared to its average volume of 1,570,485. International Flavors & Fragrances Inc. has a 52 week low of $77.33 and a 52 week high of $106.77. The stock has a fifty day moving average price of $83.98 and a two-hundred day moving average price of $92.62. 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 market capitalization of $20.93 billion, a price-to-earnings ratio of 87.04, a price-to-earnings-growth ratio of 1.45 and a beta of 1.21.

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

About International Flavors & Fragrances

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.