Janney Montgomery Scott LLC Sells 2,420 Shares of International Flavors & Fragrances Inc. (NYSE:IFF)

Janney Montgomery Scott LLC cut its holdings in shares of International Flavors & Fragrances Inc. (NYSE:IFF) by 11.1% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 19,420 shares of the specialty chemicals company’s stock after selling 2,420 shares during the period. Janney Montgomery Scott LLC’s holdings in International Flavors & Fragrances were worth $1,642,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. State Street Corp boosted its stake in shares of International Flavors & Fragrances by 1.9% during the 3rd quarter. State Street Corp now owns 10,467,517 shares of the specialty chemicals company’s stock worth $1,102,363,000 after buying an additional 196,696 shares during the last quarter. Geode Capital Management LLC raised its holdings in International Flavors & Fragrances by 1.3% during the third quarter. Geode Capital Management LLC now owns 6,008,830 shares of the specialty chemicals company’s stock worth $628,341,000 after acquiring an additional 77,521 shares in the last quarter. Nordea Investment Management AB grew its stake in International Flavors & Fragrances by 25.7% in the fourth quarter. Nordea Investment Management AB now owns 5,489,741 shares of the specialty chemicals company’s stock valued at $464,926,000 after purchasing an additional 1,121,414 shares in the last quarter. Charles Schwab Investment Management Inc. increased its position in shares of International Flavors & Fragrances by 1.1% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,498,815 shares of the specialty chemicals company’s stock worth $157,271,000 after purchasing an additional 16,590 shares during the last quarter. Finally, Fort Washington Investment Advisors Inc. OH raised its stake in shares of International Flavors & Fragrances by 0.3% during the 4th quarter. Fort Washington Investment Advisors Inc. OH now owns 1,366,218 shares of the specialty chemicals company’s stock worth $115,514,000 after purchasing an additional 3,442 shares in the last quarter. 96.02% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

IFF has been the topic of a number of recent analyst reports. Argus raised International Flavors & Fragrances from a “hold” rating to a “buy” rating in a research report on Tuesday, January 7th. Barclays decreased their target price on International Flavors & Fragrances from $90.00 to $88.00 and set an “equal weight” rating on the stock in a report on Friday, January 17th. Stifel Nicolaus cut their price target on International Flavors & Fragrances from $113.00 to $105.00 and set a “buy” rating for the company in a report on Monday. Morgan Stanley raised shares of International Flavors & Fragrances from an “equal weight” rating to an “overweight” rating and dropped their price objective for the company from $111.00 to $110.00 in a research report on Tuesday, November 12th. Finally, Bank of America upgraded shares of International Flavors & Fragrances from a “neutral” rating to a “buy” rating and set a $107.00 price target on the stock in a research note on Friday, November 8th. 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 stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $107.77.

International Flavors & Fragrances Price Performance

Shares of NYSE IFF opened at $86.44 on Tuesday. The business has a fifty day moving average price of $86.16 and a two-hundred day moving average price of $94.72. The stock has a market capitalization of $22.10 billion, a PE ratio of -9.51, a P/E/G ratio of 1.54 and a beta of 1.18. The company has a debt-to-equity ratio of 0.58, a current ratio of 2.62 and a quick ratio of 1.93. International Flavors & Fragrances Inc. has a fifty-two week low of $72.94 and a fifty-two week high of $106.77.

International Flavors & Fragrances (NYSE:IFF) last posted its quarterly earnings results on Tuesday, November 5th. The specialty chemicals company reported $0.62 EPS for the quarter, missing analysts’ consensus estimates of $1.08 by ($0.46). International Flavors & Fragrances had a negative net margin of 20.33% and a positive return on equity of 7.16%. The company had revenue of $2.93 billion during the quarter, compared to analyst estimates of $2.83 billion. During the same period last year, the firm earned $0.89 EPS. The firm’s revenue for the quarter was up 3.7% compared to the same quarter last year. As a group, equities analysts predict that International Flavors & Fragrances Inc. will post 4.15 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, insider Yuvraj Arora sold 5,000 shares of the firm’s stock in a transaction dated Monday, November 11th. The stock was sold at an average price of $91.75, for a total value of $458,750.00. Following the sale, the insider now directly owns 3,238 shares of the company’s stock, valued at $297,086.50. This trade represents a 60.69 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. 0.20% of the stock is currently owned by company insiders.

About International Flavors & Fragrances

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.