International Flavors & Fragrances Inc. $IFF Shares Sold by Wealthfront Advisers LLC

Wealthfront Advisers LLC cut its position in International Flavors & Fragrances Inc. (NYSE:IFF) by 53.7% during the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 6,304 shares of the specialty chemicals company’s stock after selling 7,304 shares during the period. Wealthfront Advisers LLC’s holdings in International Flavors & Fragrances were worth $388,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of IFF. Allspring Global Investments Holdings LLC boosted its holdings in International Flavors & Fragrances by 32.2% during the second quarter. Allspring Global Investments Holdings LLC now owns 111,431 shares of the specialty chemicals company’s stock worth $8,367,000 after buying an additional 27,166 shares in the last quarter. Ruffer LLP acquired a new position in shares of International Flavors & Fragrances in the third quarter worth about $13,552,000. Clarkston Capital Partners LLC acquired a new stake in shares of International Flavors & Fragrances during the 2nd quarter valued at about $11,939,000. Creative Planning increased its stake in shares of International Flavors & Fragrances by 347.5% in the 2nd quarter. Creative Planning now owns 85,345 shares of the specialty chemicals company’s stock valued at $6,277,000 after purchasing an additional 66,273 shares in the last quarter. Finally, State Street Corp raised its holdings in International Flavors & Fragrances by 3.6% in the 2nd quarter. State Street Corp now owns 10,884,974 shares of the specialty chemicals company’s stock worth $804,753,000 after purchasing an additional 381,593 shares during the period. 96.02% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research analysts have recently weighed in on the company. Barclays upped their target price on International Flavors & Fragrances from $78.00 to $91.00 and gave the stock an “overweight” rating in a research note on Friday. Citigroup increased their target price on International Flavors & Fragrances from $83.00 to $95.00 and gave the company a “buy” rating in a report on Friday. Argus increased their price objective on International Flavors & Fragrances from $70.00 to $80.00 and gave the company a “buy” rating in a research note on Thursday, January 22nd. Berenberg Bank decreased their price objective on International Flavors & Fragrances from $78.30 to $77.50 and set a “hold” rating on the stock in a report on Thursday, February 5th. Finally, Wells Fargo & Company upped their target price on shares of International Flavors & Fragrances from $85.00 to $100.00 and gave the stock an “overweight” rating in a report on Friday. Thirteen equities research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $90.84.

International Flavors & Fragrances Stock Performance

Shares of International Flavors & Fragrances stock opened at $82.97 on Tuesday. The business has a 50-day moving average of $70.03 and a 200 day moving average of $66.68. The stock has a market capitalization of $21.25 billion, a price-to-earnings ratio of -60.56, a price-to-earnings-growth ratio of 3.14 and a beta of 1.05. The company has a debt-to-equity ratio of 0.33, a current ratio of 1.42 and a quick ratio of 0.85. International Flavors & Fragrances Inc. has a 12 month low of $59.14 and a 12 month high of $86.96.

International Flavors & Fragrances (NYSE:IFF) last announced its quarterly earnings data on Wednesday, February 11th. The specialty chemicals company reported $0.80 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.85 by ($0.05). International Flavors & Fragrances had a negative net margin of 3.20% and a positive return on equity of 7.67%. The company had revenue of $2.59 billion during the quarter, compared to analyst estimates of $2.52 billion. During the same quarter in the previous year, the business posted $0.97 earnings per share. The firm’s revenue was down 6.6% on a year-over-year basis. As a group, sell-side analysts forecast that International Flavors & Fragrances Inc. will post 4.32 earnings per share for the current year.

About International Flavors & Fragrances

International Flavors & Fragrances Inc (NYSE:IFF) is a global leader in the creation and production of flavors, fragrances, cosmetic actives and nutritional lipids. The company develops taste and scent solutions for a wide array of end markets including food and beverage, personal care, household goods and pharmaceutical products. Its portfolio spans natural and nature-identical flavors, fine fragrances, functional ingredients for skin and hair care, and specialty oils that enhance nutritional value and sensory appeal.

IFF’s research and development network comprises innovation centers in North America, Europe, Asia-Pacific and Latin America, where multidisciplinary teams collaborate on aroma chemistry, sensory science and biotechnology.