International Flavors & Fragrances Target of Unusually High Options Trading (NYSE:IFF)

International Flavors & Fragrances Inc. (NYSE:IFF) was the target of some unusual options trading activity on Thursday. Traders bought 6,394 call options on the stock. This represents an increase of 846% compared to the typical daily volume of 676 call options.

Analyst Ratings Changes

Several research analysts have weighed in on IFF shares. Barclays dropped their target price on International Flavors & Fragrances from $90.00 to $88.00 and set an “equal weight” rating on the stock in a research report on Friday, January 17th. JPMorgan Chase & Co. dropped their price objective on International Flavors & Fragrances from $110.00 to $107.00 and set an “overweight” rating on the stock in a report on Thursday, November 7th. UBS Group lifted their target price on shares of International Flavors & Fragrances from $108.00 to $111.00 and gave the company a “neutral” rating in a research note on Wednesday, November 6th. 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. Finally, Citigroup reduced their price objective on shares of International Flavors & Fragrances from $110.00 to $105.00 and set a “buy” rating for the company in a research note on Wednesday, December 18th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and twelve have given a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $107.77.

International Flavors & Fragrances Trading Up 1.6 %

Shares of International Flavors & Fragrances stock opened at $86.02 on Friday. The company has a market cap of $21.99 billion, a price-to-earnings ratio of -9.46, a PEG ratio of 1.54 and a beta of 1.19. International Flavors & Fragrances has a 1 year low of $72.94 and a 1 year high of $106.77. The company’s fifty day simple moving average is $85.32 and its 200-day simple moving average is $94.06. The company has a current ratio of 2.62, a quick ratio of 1.93 and a debt-to-equity ratio of 0.58.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the stock. Pictet North America Advisors SA lifted its position in International Flavors & Fragrances by 3.1% in the third quarter. Pictet North America Advisors SA now owns 3,275 shares of the specialty chemicals company’s stock worth $344,000 after purchasing an additional 99 shares during the period. Integrated Advisors Network LLC raised its stake in shares of International Flavors & Fragrances by 1.9% in the 3rd quarter. Integrated Advisors Network LLC now owns 5,720 shares of the specialty chemicals company’s stock valued at $600,000 after buying an additional 107 shares in the last quarter. CWM LLC lifted its holdings 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. UMB Bank n.a. boosted its position in shares of International Flavors & Fragrances by 8.9% during the 4th quarter. UMB Bank n.a. now owns 1,458 shares of the specialty chemicals company’s stock valued at $123,000 after acquiring an additional 119 shares in the last quarter. Finally, Huntington National Bank increased its stake in International Flavors & Fragrances by 3.1% in the third quarter. Huntington National Bank now owns 4,095 shares of the specialty chemicals company’s stock valued at $430,000 after acquiring an additional 124 shares during the period. Institutional investors own 96.02% of the company’s stock.

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.