Kintegral Advisory LLC Sells 563 Shares of International Flavors & Fragrances Inc. (NYSE:IFF)

Kintegral Advisory LLC reduced its holdings in International Flavors & Fragrances Inc. (NYSE:IFF) by 4.5% in the fourth quarter, HoldingsChannel reports. The firm owned 12,078 shares of the specialty chemicals company’s stock after selling 563 shares during the period. Kintegral Advisory LLC’s holdings in International Flavors & Fragrances were worth $1,026,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. State Street Corp grew its position in shares of International Flavors & Fragrances by 1.9% during the 3rd quarter. State Street Corp now owns 10,467,517 shares of the specialty chemicals company’s stock worth $1,102,363,000 after buying an additional 196,696 shares during the period. Geode Capital Management LLC boosted its stake in International Flavors & Fragrances by 1.3% during the third quarter. Geode Capital Management LLC now owns 6,008,830 shares of the specialty chemicals company’s stock worth $628,341,000 after acquiring an additional 77,521 shares in the last quarter. Van ECK Associates Corp grew its holdings in International Flavors & Fragrances by 41.6% in 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 purchasing an additional 1,663,629 shares during the period. Nordea Investment Management AB increased its stake in International Flavors & Fragrances by 25.7% in the fourth quarter. Nordea Investment Management AB now owns 5,489,741 shares of the specialty chemicals company’s stock valued at $464,926,000 after purchasing an additional 1,121,414 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. raised its holdings in shares of International Flavors & Fragrances by 1.1% during the third quarter. Charles Schwab Investment Management Inc. now owns 1,498,815 shares of the specialty chemicals company’s stock valued at $157,271,000 after purchasing an additional 16,590 shares during the period. 96.02% of the stock is owned by institutional investors and hedge funds.

International Flavors & Fragrances Stock Performance

NYSE IFF opened at $79.92 on Friday. The company has a fifty day moving average price of $84.71 and a 200-day moving average price of $93.43. The firm has a market cap of $20.43 billion, a price-to-earnings ratio of 85.02, a PEG ratio of 1.45 and a beta of 1.19. The company has a debt-to-equity ratio of 0.54, a current ratio of 1.84 and a quick ratio of 1.93. International Flavors & Fragrances Inc. has a 1 year low of $72.94 and a 1 year high of $106.77.

International Flavors & Fragrances (NYSE:IFF) last issued its quarterly earnings data on Tuesday, February 18th. The specialty chemicals company reported $0.97 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.83 by $0.14. International Flavors & Fragrances had a net margin of 2.12% and a return on equity of 7.72%. The business had revenue of $2.77 billion during the quarter, compared to the consensus estimate of $2.67 billion. As a group, equities research analysts predict that International Flavors & Fragrances Inc. will post 4.32 EPS for the current fiscal year.

Analyst Ratings Changes

Several brokerages have recently commented on IFF. Stifel Nicolaus reduced their target price on International Flavors & Fragrances from $113.00 to $105.00 and set a “buy” rating for the company in a research note on Monday, February 3rd. UBS Group raised their price objective on International Flavors & Fragrances from $108.00 to $111.00 and gave the company 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 report on Tuesday, January 7th. JPMorgan Chase & Co. cut their target price on International Flavors & Fragrances from $107.00 to $104.00 and set an “overweight” rating on the stock in a report on Thursday. Finally, Morgan Stanley raised shares of International Flavors & Fragrances from an “equal weight” rating to an “overweight” rating and reduced their price target for the company from $111.00 to $110.00 in a research report on Tuesday, November 12th. Two equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and twelve have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, International Flavors & Fragrances has an average rating of “Moderate Buy” and a consensus price target of $103.50.

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.