Sumitomo Mitsui Trust Group Inc. Reduces Stock Position in International Flavors & Fragrances Inc. (NYSE:IFF)

Sumitomo Mitsui Trust Group Inc. decreased its holdings in International Flavors & Fragrances Inc. (NYSE:IFF - Free Report) by 3.2% in the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 595,328 shares of the specialty chemicals company's stock after selling 19,678 shares during the period. Sumitomo Mitsui Trust Group Inc. owned approximately 0.23% of International Flavors & Fragrances worth $50,335,000 as of its most recent SEC filing.

Other institutional investors also recently made changes to their positions in the company. Northwest Investment Counselors LLC purchased a new stake in shares of International Flavors & Fragrances in the 3rd quarter valued at $27,000. Point72 Hong Kong Ltd bought a new stake in International Flavors & Fragrances during the 3rd quarter valued at $42,000. Oakworth Capital Inc. bought a new stake in International Flavors & Fragrances during the 3rd quarter valued at $44,000. Eastern Bank bought a new stake in International Flavors & Fragrances during the 3rd quarter valued at $46,000. Finally, Ashton Thomas Securities LLC bought a new stake in International Flavors & Fragrances during the 3rd quarter valued at $48,000. Hedge funds and other institutional investors own 96.02% of the company's stock.

Wall Street Analyst Weigh In

IFF has been the subject of a number of recent analyst reports. Oppenheimer lowered their price target on shares of International Flavors & Fragrances from $117.00 to $114.00 and set an "outperform" rating for the company in a report on Tuesday, January 28th. JPMorgan Chase & Co. lowered their price target on shares of International Flavors & Fragrances from $110.00 to $107.00 and set an "overweight" rating for the company in a report on Thursday, November 7th. UBS Group upped their price target on shares of International Flavors & Fragrances from $108.00 to $111.00 and gave the company a "neutral" rating in a report on Wednesday, November 6th. 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. Finally, Stifel Nicolaus decreased their price objective on shares of International Flavors & Fragrances from $113.00 to $105.00 and set a "buy" rating for the company in a report on Monday, February 3rd. 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 stock. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of $107.77.

International Flavors & Fragrances Stock Down 0.5 %

IFF stock traded down $0.40 during trading on Friday, hitting $85.60. 1,081,574 shares of the stock traded hands, compared to its average volume of 1,361,782. International Flavors & Fragrances Inc. has a 1 year low of $72.94 and a 1 year high of $106.77. The firm's 50 day moving average is $85.25 and its two-hundred day moving average is $93.97. The stock has a market cap of $21.89 billion, a price-to-earnings ratio of -9.42, a price-to-earnings-growth ratio of 1.54 and a beta of 1.19. The company has a debt-to-equity ratio of 0.58, a current ratio of 2.62 and a quick ratio of 1.93.

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.