Raymond James & Associates Trims Stake in International Flavors & Fragrances Inc. (NYSE:IFF)

Raymond James & Associates lowered its holdings in International Flavors & Fragrances Inc. (NYSE:IFF) by 27.2% during the 3rd quarter, HoldingsChannel.com reports. The fund owned 92,909 shares of the specialty chemicals company’s stock after selling 34,639 shares during the quarter. Raymond James & Associates’ holdings in International Flavors & Fragrances were worth $9,749,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently modified their holdings of the business. Quent Capital LLC raised its position in International Flavors & Fragrances by 183.2% during the first quarter. Quent Capital LLC now owns 371 shares of the specialty chemicals company’s stock valued at $32,000 after purchasing an additional 240 shares in the last quarter. Family Firm Inc. bought a new position in shares of International Flavors & Fragrances during the 2nd quarter valued at about $38,000. Fidelis Capital Partners LLC purchased a new position in shares of International Flavors & Fragrances during the 1st quarter valued at about $44,000. Larson Financial Group LLC boosted its stake in International Flavors & Fragrances by 5,050.0% in the first quarter. Larson Financial Group LLC now owns 515 shares of the specialty chemicals company’s stock worth $44,000 after buying an additional 505 shares in the last quarter. Finally, MCF Advisors LLC grew its position in International Flavors & Fragrances by 1,856.0% during the second quarter. MCF Advisors LLC now owns 489 shares of the specialty chemicals company’s stock valued at $47,000 after acquiring an additional 464 shares during the last quarter. Hedge funds and other institutional investors own 96.02% of the company’s stock.

International Flavors & Fragrances Stock Down 0.9 %

Shares of International Flavors & Fragrances stock opened at $101.33 on Wednesday. The company has a current ratio of 2.38, a quick ratio of 1.75 and a debt-to-equity ratio of 0.60. International Flavors & Fragrances Inc. has a 12-month low of $63.21 and a 12-month high of $106.77. The company has a market cap of $25.91 billion, a P/E ratio of -10.99, a PEG ratio of 1.86 and a beta of 1.22. The company’s fifty day simple moving average is $103.03 and its two-hundred day simple moving average is $97.59.

International Flavors & Fragrances (NYSE:IFF) last announced its quarterly earnings results on Tuesday, August 6th. The specialty chemicals company reported $1.16 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.01 by $0.15. International Flavors & Fragrances had a negative net margin of 20.82% and a positive return on equity of 6.63%. The company had revenue of $2.89 billion for the quarter, compared to analysts’ expectations of $2.83 billion. During the same quarter in the previous year, the company earned $0.86 earnings per share. International Flavors & Fragrances’s quarterly revenue was down 1.4% on a year-over-year basis. Research analysts anticipate that International Flavors & Fragrances Inc. will post 4.23 EPS for the current year.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on the stock. Morgan Stanley upped their price objective on shares of International Flavors & Fragrances from $100.00 to $103.00 and gave the company an “equal weight” rating in a research note on Wednesday, July 3rd. Mizuho upgraded shares of International Flavors & Fragrances from a “neutral” rating to an “outperform” rating and upped their price target for the company from $109.00 to $120.00 in a research report on Tuesday, September 3rd. Oppenheimer lifted their price objective on International Flavors & Fragrances from $116.00 to $117.00 and gave the stock an “outperform” rating in a report on Wednesday, September 11th. Wells Fargo & Company increased their target price on International Flavors & Fragrances from $110.00 to $115.00 and gave the company an “overweight” rating in a report on Thursday, August 8th. Finally, Stifel Nicolaus raised their price target on International Flavors & Fragrances from $115.00 to $121.00 and gave the stock a “buy” rating in a research report on Thursday, October 24th. One research analyst has rated the stock with a sell rating, six have given a hold rating and nine have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $107.86.

International Flavors & Fragrances Profile

International Flavors & Fragrances Inc, together with its subsidiaries, manufactures and sells cosmetic active and natural health ingredients for use in various consumer products in the United States, Europe, and internationally. It operates through four segments: Nourish, Health & Biosciences, Scent, and Pharma Solutions.