International Flavors & Fragrances Inc. (NYSE:IFF) Shares Bought by Choreo LLC

Choreo LLC raised its stake in International Flavors & Fragrances Inc. (NYSE:IFF) by 55.7% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 24,401 shares of the specialty chemicals company’s stock after acquiring an additional 8,728 shares during the period. Choreo LLC’s holdings in International Flavors & Fragrances were worth $2,055,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently bought and sold shares of IFF. Nordea Investment Management AB boosted its position in shares of International Flavors & Fragrances by 25.7% during the fourth quarter. Nordea Investment Management AB now owns 5,489,741 shares of the specialty chemicals company’s stock worth $464,926,000 after buying an additional 1,121,414 shares during the period. Robeco Institutional Asset Management B.V. boosted its position in shares of International Flavors & Fragrances by 70.9% during the third quarter. Robeco Institutional Asset Management B.V. now owns 708,081 shares of the specialty chemicals company’s stock worth $74,299,000 after buying an additional 293,760 shares during the period. Smith Group Asset Management LLC acquired a new position in shares of International Flavors & Fragrances during the third quarter worth approximately $22,399,000. State Street Corp boosted its position in shares of International Flavors & Fragrances by 1.9% during the third 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. Finally, Zurich Insurance Group Ltd FI acquired a new position in shares of International Flavors & Fragrances during the third quarter worth approximately $19,813,000. 96.02% of the stock is currently owned by institutional investors and hedge funds.

International Flavors & Fragrances Price Performance

Shares of NYSE:IFF opened at $85.52 on Friday. International Flavors & Fragrances Inc. has a 12-month low of $72.94 and a 12-month high of $106.77. The company has a quick ratio of 1.93, a current ratio of 2.62 and a debt-to-equity ratio of 0.58. The company has a market cap of $21.86 billion, a P/E ratio of -9.41, a price-to-earnings-growth ratio of 1.54 and a beta of 1.19. The company’s fifty day moving average is $85.85 and its two-hundred day moving average is $94.53.

International Flavors & Fragrances (NYSE:IFF) last announced its quarterly earnings data on Tuesday, November 5th. The specialty chemicals company reported $0.62 EPS for the quarter, missing analysts’ consensus estimates of $1.08 by ($0.46). International Flavors & Fragrances had a positive return on equity of 7.16% and a negative net margin of 20.33%. 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 business posted $0.89 earnings per share. The company’s revenue was up 3.7% compared to the same quarter last year. Equities analysts expect that International Flavors & Fragrances Inc. will post 4.15 earnings per share for the current fiscal year.

Insider Activity

In related news, insider Yuvraj Arora sold 5,000 shares of the business’s stock in a transaction that occurred 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 sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. 0.09% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on IFF shares. UBS Group boosted their price objective on International Flavors & Fragrances from $108.00 to $111.00 and gave the stock a “neutral” rating in a research report on Wednesday, November 6th. Stifel Nicolaus cut their target price on International Flavors & Fragrances from $113.00 to $105.00 and set a “buy” rating for the company in a research report on Monday. Vertical Research upgraded International Flavors & Fragrances from a “hold” rating to a “buy” rating and set a $109.00 target price for the company in a research report on Thursday, November 7th. Argus upgraded International Flavors & Fragrances from a “hold” rating to a “buy” rating in a research report on Tuesday, January 7th. Finally, Morgan Stanley upgraded International Flavors & Fragrances from an “equal weight” rating to an “overweight” rating and cut their target price for the stock from $111.00 to $110.00 in a research report on Tuesday, November 12th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and twelve have given a buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price 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.