Tredje AP fonden Raises Holdings in International Flavors & Fragrances Inc. $IFF

Tredje AP fonden boosted its holdings in shares of International Flavors & Fragrances Inc. (NYSE:IFF) by 53.9% in the 3rd quarter, Holdings Channel.com reports. The fund owned 50,952 shares of the specialty chemicals company’s stock after buying an additional 17,851 shares during the quarter. Tredje AP fonden’s holdings in International Flavors & Fragrances were worth $3,136,000 at the end of the most recent quarter.

Several other large investors have also modified their holdings of IFF. State of Michigan Retirement System increased its position in shares of International Flavors & Fragrances by 0.3% during the 2nd quarter. State of Michigan Retirement System now owns 69,515 shares of the specialty chemicals company’s stock worth $5,113,000 after purchasing an additional 200 shares during the last quarter. Central Pacific Bank Trust Division lifted its position in International Flavors & Fragrances by 1.9% in the third quarter. Central Pacific Bank Trust Division now owns 10,900 shares of the specialty chemicals company’s stock valued at $671,000 after buying an additional 200 shares during the last quarter. Truist Financial Corp boosted its stake in International Flavors & Fragrances by 2.3% during the third quarter. Truist Financial Corp now owns 9,090 shares of the specialty chemicals company’s stock worth $559,000 after buying an additional 203 shares during the period. Geneos Wealth Management Inc. increased its position in shares of International Flavors & Fragrances by 55.7% during the first quarter. Geneos Wealth Management Inc. now owns 587 shares of the specialty chemicals company’s stock valued at $46,000 after acquiring an additional 210 shares during the last quarter. Finally, Steward Partners Investment Advisory LLC lifted its holdings in shares of International Flavors & Fragrances by 2.5% in the 2nd quarter. Steward Partners Investment Advisory LLC now owns 8,736 shares of the specialty chemicals company’s stock worth $643,000 after acquiring an additional 213 shares during the last quarter. Institutional investors and hedge funds own 96.02% of the company’s stock.

International Flavors & Fragrances Stock Down 0.3%

Shares of NYSE IFF opened at $81.37 on Friday. International Flavors & Fragrances Inc. has a 12-month low of $59.14 and a 12-month high of $84.45. The stock has a market cap of $20.84 billion, a P/E ratio of -59.39, a PEG ratio of 2.12 and a beta of 1.05. The company has a current ratio of 1.42, a quick ratio of 0.85 and a debt-to-equity ratio of 0.33. The business’s fifty day simple moving average is $71.47 and its 200-day simple moving average is $67.04.

International Flavors & Fragrances (NYSE:IFF) last posted its quarterly earnings results on Wednesday, February 11th. The specialty chemicals company reported $0.80 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.85 by ($0.05). International Flavors & Fragrances had a negative net margin of 3.20% and a positive return on equity of 7.67%. The company had revenue of $2.59 billion during the quarter, compared to analyst estimates of $2.52 billion. During the same period in the prior year, the business earned $0.97 EPS. International Flavors & Fragrances’s revenue for the quarter was down 6.6% on a year-over-year basis. As a group, equities analysts predict that International Flavors & Fragrances Inc. will post 4.32 EPS for the current fiscal year.

Analysts Set New Price Targets

Several analysts recently weighed in on the stock. Argus lifted their target price on shares of International Flavors & Fragrances from $70.00 to $80.00 and gave the company a “buy” rating in a report on Thursday, January 22nd. Deutsche Bank Aktiengesellschaft lifted their price objective on International Flavors & Fragrances from $75.00 to $95.00 and gave the company a “buy” rating in a research note on Tuesday, February 17th. Weiss Ratings reissued a “sell (d-)” rating on shares of International Flavors & Fragrances in a research note on Monday, December 29th. Citigroup raised their target price on International Flavors & Fragrances from $83.00 to $95.00 and gave the company a “buy” rating in a report on Friday, February 13th. Finally, Wells Fargo & Company boosted their price target on shares of International Flavors & Fragrances from $85.00 to $100.00 and gave the stock an “overweight” rating in a research note on Friday, February 13th. Thirteen investment analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat, International Flavors & Fragrances currently has an average rating of “Moderate Buy” and a consensus price target of $91.17.

About International Flavors & Fragrances

International Flavors & Fragrances Inc (NYSE:IFF) is a global leader in the creation and production of flavors, fragrances, cosmetic actives and nutritional lipids. The company develops taste and scent solutions for a wide array of end markets including food and beverage, personal care, household goods and pharmaceutical products. Its portfolio spans natural and nature-identical flavors, fine fragrances, functional ingredients for skin and hair care, and specialty oils that enhance nutritional value and sensory appeal.

IFF’s research and development network comprises innovation centers in North America, Europe, Asia-Pacific and Latin America, where multidisciplinary teams collaborate on aroma chemistry, sensory science and biotechnology.