Empowered Funds LLC Grows Stake in International Flavors & Fragrances Inc. (NYSE:IFF)

Empowered Funds LLC lifted its position in International Flavors & Fragrances Inc. (NYSE:IFF) by 47.6% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 6,096 shares of the specialty chemicals company’s stock after buying an additional 1,966 shares during the period. Empowered Funds LLC’s holdings in International Flavors & Fragrances were worth $515,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also recently modified their holdings of the company. Exchange Traded Concepts LLC boosted its stake in shares of International Flavors & Fragrances by 1,109.4% during the 3rd quarter. Exchange Traded Concepts LLC now owns 774 shares of the specialty chemicals company’s stock worth $81,000 after acquiring an additional 710 shares during the last quarter. Blue Trust Inc. raised its holdings in International Flavors & Fragrances by 76.6% in the 3rd quarter. Blue Trust Inc. now owns 3,329 shares of the specialty chemicals company’s stock worth $349,000 after purchasing an additional 1,444 shares during the period. Allspring Global Investments Holdings LLC lifted its position in International Flavors & Fragrances by 196.1% during the third quarter. Allspring Global Investments Holdings LLC now owns 37,910 shares of the specialty chemicals company’s stock valued at $3,978,000 after purchasing an additional 25,107 shares in the last quarter. Northwest Investment Counselors LLC bought a new stake in International Flavors & Fragrances during the third quarter valued at about $27,000. Finally, Oakworth Capital Inc. purchased a new stake in International Flavors & Fragrances in the third quarter worth about $44,000. 96.02% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

IFF has been the topic of a number of analyst reports. Vertical Research raised International Flavors & Fragrances from a “hold” rating to a “buy” rating and set a $109.00 price objective on the stock in a research report on Thursday, November 7th. Stifel Nicolaus lowered their price target on shares of International Flavors & Fragrances from $113.00 to $105.00 and set a “buy” rating on the stock in a report on Monday, February 3rd. JPMorgan Chase & Co. reduced their price objective on shares of International Flavors & Fragrances from $110.00 to $107.00 and set an “overweight” rating for the company in a research note on Thursday, November 7th. Citigroup lowered their target price on shares of International Flavors & Fragrances from $110.00 to $105.00 and set a “buy” rating on the stock in a research note on Wednesday, December 18th. Finally, Barclays cut their price target on International Flavors & Fragrances from $90.00 to $88.00 and set an “equal weight” rating for the company in a research note on Friday, January 17th. 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 company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $107.77.

International Flavors & Fragrances Trading Down 5.2 %

International Flavors & Fragrances stock opened at $81.99 on Thursday. The stock has a market cap of $20.96 billion, a P/E ratio of -9.02, a PEG ratio of 1.54 and a beta of 1.19. 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 1 year low of $72.94 and a 1 year high of $106.77. The firm’s 50 day moving average price is $85.02 and its 200-day moving average price is $93.64.

International Flavors & Fragrances (NYSE:IFF) last released its quarterly earnings data on Tuesday, February 18th. The specialty chemicals company reported $0.97 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.83 by $0.14. International Flavors & Fragrances had a negative net margin of 20.33% and a positive return on equity of 7.16%. The firm had revenue of $2.77 billion for the quarter, compared to analysts’ expectations of $2.67 billion. On average, equities analysts predict that International Flavors & Fragrances Inc. will post 4.15 earnings per share for the current fiscal year.

International Flavors & Fragrances Company Profile

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.