Pacer Advisors Inc. Buys 5,713 Shares of International Flavors & Fragrances Inc. (NYSE:IFF)

Pacer Advisors Inc. raised its stake in International Flavors & Fragrances Inc. (NYSE:IFF) by 22.5% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 31,157 shares of the specialty chemicals company’s stock after buying an additional 5,713 shares during the period. Pacer Advisors Inc.’s holdings in International Flavors & Fragrances were worth $2,634,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also added to or reduced their stakes in the company. Pictet North America Advisors SA boosted its holdings in shares of International Flavors & Fragrances by 3.1% in the third quarter. Pictet North America Advisors SA now owns 3,275 shares of the specialty chemicals company’s stock valued at $344,000 after purchasing an additional 99 shares during the period. Integrated Advisors Network LLC lifted its holdings in shares of International Flavors & Fragrances by 1.9% in the 3rd quarter. Integrated Advisors Network LLC now owns 5,720 shares of the specialty chemicals company’s stock worth $600,000 after buying an additional 107 shares during the period. CWM LLC grew its position in shares of International Flavors & Fragrances by 1.7% during the 3rd quarter. CWM LLC now owns 6,540 shares of the specialty chemicals company’s stock worth $686,000 after buying an additional 109 shares in the last quarter. UMB Bank n.a. increased its stake in shares of International Flavors & Fragrances by 8.9% during the fourth quarter. UMB Bank n.a. now owns 1,458 shares of the specialty chemicals company’s stock valued at $123,000 after buying an additional 119 shares during the period. Finally, Orca Investment Management LLC lifted its stake in International Flavors & Fragrances by 0.6% in the third quarter. Orca Investment Management LLC now owns 21,266 shares of the specialty chemicals company’s stock worth $2,231,000 after acquiring an additional 122 shares during the period. 96.02% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In related news, insider Yuvraj Arora sold 5,000 shares of the firm’s stock in a transaction on Monday, November 11th. The shares were sold at an average price of $91.75, for a total transaction of $458,750.00. Following the sale, the insider now owns 3,238 shares in the company, valued at approximately $297,086.50. This trade represents a 60.69 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.20% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

Several equities research analysts have recently commented on IFF shares. JPMorgan Chase & Co. reduced 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. Bank of America upgraded International Flavors & Fragrances from a “neutral” rating to a “buy” rating and set a $107.00 target price for the company in a report on Friday, November 8th. Citigroup cut their price target on International Flavors & Fragrances from $110.00 to $105.00 and set a “buy” rating on the stock in a report on Wednesday, December 18th. Oppenheimer decreased their price objective on International Flavors & Fragrances from $117.00 to $114.00 and set an “outperform” rating for the company in a research note on Tuesday. Finally, UBS Group lifted their target price 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. One research 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. According to MarketBeat, International Flavors & Fragrances has an average rating of “Moderate Buy” and an average target price of $109.00.

International Flavors & Fragrances Trading Down 0.7 %

NYSE:IFF opened at $87.07 on Friday. The company has a current ratio of 2.62, a quick ratio of 1.93 and a debt-to-equity ratio of 0.58. The firm has a fifty day simple moving average of $86.24 and a 200-day simple moving average of $94.83. International Flavors & Fragrances Inc. has a 12 month low of $72.94 and a 12 month high of $106.77. The company has a market capitalization of $22.26 billion, a P/E ratio of -9.58, a PEG ratio of 1.52 and a beta of 1.18.

International Flavors & Fragrances (NYSE:IFF) last announced its quarterly earnings data on Tuesday, November 5th. The specialty chemicals company reported $0.62 earnings per share for the quarter, missing analysts’ consensus estimates of $1.08 by ($0.46). The firm had revenue of $2.93 billion during the quarter, compared to analyst estimates of $2.83 billion. International Flavors & Fragrances had a negative net margin of 20.33% and a positive return on equity of 7.16%. The firm’s revenue for the quarter was up 3.7% on a year-over-year basis. During the same period in the prior year, the company posted $0.89 earnings per share. On average, equities research analysts anticipate that International Flavors & Fragrances Inc. will post 4.15 earnings per share for the current year.

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.