International Flavors & Fragrances Inc. (NYSE:IFF) Shares Purchased by Optas LLC

Optas LLC boosted its holdings in shares of International Flavors & Fragrances Inc. (NYSE:IFF) by 26.2% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 2,484 shares of the specialty chemicals company’s stock after acquiring an additional 516 shares during the period. Optas LLC’s holdings in International Flavors & Fragrances were worth $210,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently modified their holdings of IFF. Northwest Investment Counselors LLC purchased a new position in shares of International Flavors & Fragrances during the 3rd quarter worth approximately $27,000. Point72 Hong Kong Ltd purchased a new position in International Flavors & Fragrances during the third quarter worth $42,000. Oakworth Capital Inc. acquired a new position in shares of International Flavors & Fragrances in the third quarter worth $44,000. Eastern Bank purchased a new stake in shares of International Flavors & Fragrances in the third quarter valued at $46,000. Finally, Ashton Thomas Securities LLC acquired a new stake in shares of International Flavors & Fragrances during the third quarter valued at $48,000. Hedge funds and other institutional investors own 96.02% of the company’s stock.

Insiders Place Their Bets

In other news, insider Yuvraj Arora sold 5,000 shares of the business’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 transaction, the insider now directly owns 3,238 shares of the company’s stock, valued at approximately $297,086.50. The trade was a 60.69 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.09% of the stock is currently owned by insiders.

International Flavors & Fragrances Trading Down 0.8 %

NYSE IFF opened at $85.72 on Wednesday. The company has a debt-to-equity ratio of 0.58, a quick ratio of 1.93 and a current ratio of 2.62. International Flavors & Fragrances Inc. has a one year low of $72.94 and a one year high of $106.77. The company’s 50 day moving average price is $86.05 and its 200 day moving average price is $94.65. The firm has a market capitalization of $21.92 billion, a price-to-earnings ratio of -9.43, a PEG ratio of 1.54 and a beta of 1.19.

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

Analysts Set New Price Targets

A number of research analysts have issued reports on the stock. Stifel Nicolaus reduced their target price on shares of International Flavors & Fragrances from $113.00 to $105.00 and set a “buy” rating on the stock in a report on Monday. Vertical Research upgraded shares of International Flavors & Fragrances from a “hold” rating to a “buy” rating and set a $109.00 target price on the stock in a research report on Thursday, November 7th. Bank of America raised shares of International Flavors & Fragrances from a “neutral” rating to a “buy” rating and set a $107.00 target price for the company in a research note on Friday, November 8th. Barclays reduced their price target on International Flavors & Fragrances from $90.00 to $88.00 and set an “equal weight” rating on the stock in a research note on Friday, January 17th. Finally, UBS Group upped 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, the company presently has an average rating of “Moderate Buy” and an average price target of $107.77.

International Flavors & Fragrances 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.