International Flavors & Fragrances Inc. $IFF Shares Sold by Raiffeisen Bank International AG

Raiffeisen Bank International AG lowered its stake in International Flavors & Fragrances Inc. (NYSE:IFF) by 33.6% during the third quarter, Holdings Channel.com reports. The fund owned 30,506 shares of the specialty chemicals company’s stock after selling 15,463 shares during the quarter. Raiffeisen Bank International AG’s holdings in International Flavors & Fragrances were worth $1,860,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in IFF. State of Michigan Retirement System grew its position in shares of International Flavors & Fragrances by 0.3% in the second quarter. State of Michigan Retirement System now owns 69,515 shares of the specialty chemicals company’s stock valued at $5,113,000 after purchasing an additional 200 shares during the period. Central Pacific Bank Trust Division lifted its stake in International Flavors & Fragrances by 1.9% in the 3rd 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 in the last quarter. Truist Financial Corp increased its stake in International Flavors & Fragrances by 2.3% during the 3rd 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 in the last quarter. Geneos Wealth Management Inc. raised its holdings 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 position in shares of International Flavors & Fragrances by 2.5% in the second quarter. Steward Partners Investment Advisory LLC now owns 8,736 shares of the specialty chemicals company’s stock valued at $643,000 after acquiring an additional 213 shares in the last quarter. 96.02% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several brokerages recently commented on IFF. Deutsche Bank Aktiengesellschaft boosted their price target on International Flavors & Fragrances from $75.00 to $95.00 and gave the stock a “buy” rating in a research report on Tuesday, February 17th. Oppenheimer upgraded shares of International Flavors & Fragrances from a “market perform” rating to an “outperform” rating and set a $97.00 target price for the company in a research report on Friday, February 13th. Weiss Ratings restated a “sell (d-)” rating on shares of International Flavors & Fragrances in a research report on Monday, December 29th. BNP Paribas Exane cut their price objective on shares of International Flavors & Fragrances from $89.00 to $88.00 and set an “outperform” rating for the company in a report on Friday, February 13th. Finally, Mizuho boosted their target price on International Flavors & Fragrances from $75.00 to $85.00 and gave the stock an “outperform” rating in a report on Thursday, February 12th. Thirteen analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $91.17.

International Flavors & Fragrances Price Performance

International Flavors & Fragrances stock opened at $81.37 on Friday. 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 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 50-day moving average price of $71.47 and a 200 day moving average price of $67.04. International Flavors & Fragrances Inc. has a 12-month low of $59.14 and a 12-month high of $84.45.

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 for the quarter, missing the consensus estimate of $0.85 by ($0.05). The firm had revenue of $2.59 billion during the quarter, compared to analysts’ expectations of $2.52 billion. International Flavors & Fragrances had a negative net margin of 3.20% and a positive return on equity of 7.67%. The business’s quarterly revenue was down 6.6% on a year-over-year basis. During the same period last year, the company earned $0.97 EPS. Sell-side analysts anticipate that International Flavors & Fragrances Inc. will post 4.32 earnings per share for the current year.

International Flavors & Fragrances Company Profile

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.