International Flavors & Fragrances Inc. (NYSE:IFF) Shares Sold by Kornitzer Capital Management Inc. KS

Kornitzer Capital Management Inc. KS lessened its stake in International Flavors & Fragrances Inc. (NYSE:IFF) by 13.9% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 71,846 shares of the specialty chemicals company’s stock after selling 11,620 shares during the period. Kornitzer Capital Management Inc. KS’s holdings in International Flavors & Fragrances were worth $6,075,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in IFF. Pictet North America Advisors SA raised its stake in International Flavors & Fragrances by 3.1% during the 3rd quarter. Pictet North America Advisors SA now owns 3,275 shares of the specialty chemicals company’s stock worth $344,000 after acquiring an additional 99 shares in the last quarter. Integrated Advisors Network LLC raised its stake in International Flavors & Fragrances by 1.9% during the 3rd quarter. Integrated Advisors Network LLC now owns 5,720 shares of the specialty chemicals company’s stock worth $600,000 after acquiring an additional 107 shares in the last quarter. UMB Bank n.a. raised its stake in International Flavors & Fragrances by 8.9% during the 4th quarter. UMB Bank n.a. now owns 1,458 shares of the specialty chemicals company’s stock worth $123,000 after acquiring an additional 119 shares in the last quarter. Huntington National Bank raised its stake in International Flavors & Fragrances by 3.1% during the 3rd quarter. Huntington National Bank now owns 4,095 shares of the specialty chemicals company’s stock worth $430,000 after acquiring an additional 124 shares in the last quarter. Finally, Arete Wealth Advisors LLC raised its stake in International Flavors & Fragrances by 4.2% during the 3rd quarter. Arete Wealth Advisors LLC now owns 3,061 shares of the specialty chemicals company’s stock worth $321,000 after acquiring an additional 124 shares in the last quarter. Institutional investors and hedge funds own 96.02% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages recently commented on IFF. Vertical Research upgraded shares of International Flavors & Fragrances from a “hold” rating to a “buy” rating and set a $109.00 price target on the stock in a research note on Thursday, November 7th. UBS Group lifted their price target on shares of International Flavors & Fragrances from $108.00 to $111.00 and gave the stock a “neutral” rating in a research note on Wednesday, November 6th. Argus upgraded shares of International Flavors & Fragrances from a “hold” rating to a “buy” rating in a research note on Tuesday, January 7th. Stifel Nicolaus dropped their price objective on shares of International Flavors & Fragrances from $113.00 to $105.00 and set a “buy” rating on the stock in a research note on Monday, February 3rd. Finally, Barclays dropped their price objective on shares of 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. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and twelve have assigned a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $107.77.

International Flavors & Fragrances Trading Up 0.9 %

Shares of International Flavors & Fragrances stock opened at $86.33 on Wednesday. International Flavors & Fragrances Inc. has a 52-week low of $72.94 and a 52-week 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’s 50-day simple moving average is $85.13 and its 200-day simple moving average is $93.73. The firm has a market cap of $22.07 billion, a price-to-earnings ratio of -9.50, a price-to-earnings-growth ratio of 1.54 and a beta of 1.19.

International Flavors & Fragrances (NYSE:IFF) last issued its quarterly earnings results 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 negative net margin of 20.33% and a positive return on equity of 7.16%. As a group, 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.