International Flavors & Fragrances Inc. (NYSE:IFF) Position Increased by Allspring Global Investments Holdings LLC

Allspring Global Investments Holdings LLC lifted its position in International Flavors & Fragrances Inc. (NYSE:IFF) by 196.1% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 37,910 shares of the specialty chemicals company’s stock after acquiring an additional 25,107 shares during the period. Allspring Global Investments Holdings LLC’s holdings in International Flavors & Fragrances were worth $3,978,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. Quent Capital LLC boosted its position in shares of International Flavors & Fragrances by 183.2% in the first quarter. Quent Capital LLC now owns 371 shares of the specialty chemicals company’s stock worth $32,000 after buying an additional 240 shares during the period. Family Firm Inc. purchased a new stake in International Flavors & Fragrances in the 2nd quarter worth about $38,000. MCF Advisors LLC boosted its position in International Flavors & Fragrances by 1,856.0% during the 2nd quarter. MCF Advisors LLC now owns 489 shares of the specialty chemicals company’s stock worth $47,000 after acquiring an additional 464 shares during the period. Future Financial Wealth Managment LLC purchased a new position in International Flavors & Fragrances during the 3rd quarter valued at about $52,000. Finally, Headlands Technologies LLC purchased a new stake in shares of International Flavors & Fragrances in the second quarter worth approximately $48,000. Hedge funds and other institutional investors own 96.02% of the company’s stock.

Wall Street Analyst Weigh In

IFF has been the topic of several research reports. JPMorgan Chase & Co. upped their price objective on shares of International Flavors & Fragrances from $102.00 to $110.00 and gave the company an “overweight” rating in a research note on Friday, September 6th. Citigroup increased their price objective on International Flavors & Fragrances from $108.00 to $116.00 and gave the stock a “buy” rating in a report on Friday, July 12th. Mizuho upgraded International Flavors & Fragrances from a “neutral” rating to an “outperform” rating and boosted their target price for the company from $109.00 to $120.00 in a research note on Tuesday, September 3rd. Stifel Nicolaus upped their target price 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. Finally, Oppenheimer lifted their price target on International Flavors & Fragrances from $116.00 to $117.00 and gave the company an “outperform” rating in a report on Wednesday, September 11th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and nine have given a buy rating to the company. Based on data from MarketBeat, International Flavors & Fragrances has an average rating of “Moderate Buy” and a consensus target price of $107.86.

International Flavors & Fragrances Trading Up 0.7 %

Shares of NYSE:IFF opened at $102.20 on Tuesday. International Flavors & Fragrances Inc. has a 52-week low of $63.21 and a 52-week high of $106.77. The company has a debt-to-equity ratio of 0.60, a quick ratio of 1.75 and a current ratio of 2.38. The company has a market cap of $26.13 billion, a P/E ratio of -11.08, a P/E/G ratio of 1.86 and a beta of 1.22. The stock’s 50-day moving average is $102.96 and its 200-day moving average is $97.47.

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

International Flavors & Fragrances Company 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.