Sequoia Financial Advisors LLC Takes Position in International Flavors & Fragrances Inc. (NYSE:IFF)

Sequoia Financial Advisors LLC purchased a new position in International Flavors & Fragrances Inc. (NYSE:IFF) during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 2,154 shares of the specialty chemicals company’s stock, valued at approximately $226,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. CWM LLC grew its stake in shares of International Flavors & Fragrances by 1.7% during the 3rd quarter. CWM LLC now owns 6,540 shares of the specialty chemicals company’s stock worth $686,000 after acquiring an additional 109 shares during the period. Summit Trail Advisors LLC boosted its position in International Flavors & Fragrances by 5.0% during the second quarter. Summit Trail Advisors LLC now owns 2,471 shares of the specialty chemicals company’s stock worth $236,000 after purchasing an additional 117 shares during the period. Orca Investment Management LLC increased its stake in shares of International Flavors & Fragrances by 0.6% in the third quarter. Orca Investment Management LLC now owns 21,266 shares of the specialty chemicals company’s stock worth $2,231,000 after purchasing an additional 122 shares in the last quarter. Koss Olinger Consulting LLC raised its position in shares of International Flavors & Fragrances by 0.9% in the third quarter. Koss Olinger Consulting LLC now owns 14,517 shares of the specialty chemicals company’s stock valued at $1,523,000 after purchasing an additional 128 shares during the period. Finally, State of Alaska Department of Revenue lifted its stake in shares of International Flavors & Fragrances by 0.5% during the 1st quarter. State of Alaska Department of Revenue now owns 27,696 shares of the specialty chemicals company’s stock valued at $2,381,000 after buying an additional 130 shares in the last quarter. 96.02% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several research firms have issued reports on IFF. Barclays increased their target price on International Flavors & Fragrances from $93.00 to $99.00 and gave the stock an “equal weight” rating in a research report on Friday, October 11th. Wells Fargo & Company lifted 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. Oppenheimer increased their price target on shares of International Flavors & Fragrances from $116.00 to $117.00 and gave the stock an “outperform” rating in a report on Wednesday, September 11th. Stifel Nicolaus boosted their price objective on shares of International Flavors & Fragrances from $115.00 to $121.00 and gave the company a “buy” rating in a research note on Thursday, October 24th. Finally, Citigroup increased their target price on shares of International Flavors & Fragrances from $108.00 to $116.00 and gave the stock a “buy” rating in a research note on Friday, July 12th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and nine have assigned a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $107.86.

International Flavors & Fragrances Stock Down 0.9 %

IFF opened at $101.33 on Wednesday. The company has a quick ratio of 1.75, a current ratio of 2.38 and a debt-to-equity ratio of 0.60. The business’s fifty day simple moving average is $103.03 and its 200 day simple moving average is $97.59. International Flavors & Fragrances Inc. has a 52 week low of $63.21 and a 52 week high of $106.77. The stock has a market cap of $25.91 billion, a PE ratio of -10.99, a P/E/G ratio of 1.86 and a beta of 1.22.

International Flavors & Fragrances (NYSE:IFF) last announced its quarterly earnings data on Tuesday, August 6th. The specialty chemicals company reported $1.16 earnings per share for the quarter, beating analysts’ consensus estimates of $1.01 by $0.15. The company had revenue of $2.89 billion for the quarter, compared to analysts’ expectations of $2.83 billion. International Flavors & Fragrances had a positive return on equity of 6.63% and a negative net margin of 20.82%. International Flavors & Fragrances’s revenue for the quarter was down 1.4% compared to the same quarter last year. During the same period last year, the firm posted $0.86 EPS. As a group, research analysts expect that International Flavors & Fragrances Inc. will post 4.23 earnings per share for the current fiscal year.

About International Flavors & Fragrances

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.