Vontobel Holding Ltd. Sells 694 Shares of International Flavors & Fragrances Inc. (NYSE:IFF)

Vontobel Holding Ltd. reduced its holdings in International Flavors & Fragrances Inc. (NYSE:IFF) by 15.7% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 3,720 shares of the specialty chemicals company’s stock after selling 694 shares during the quarter. Vontobel Holding Ltd.’s holdings in International Flavors & Fragrances were worth $315,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. Point72 Hong Kong Ltd bought a new stake in International Flavors & Fragrances in the third quarter worth approximately $42,000. Eastern Bank bought a new stake in shares of International Flavors & Fragrances during the third quarter valued at approximately $46,000. Ashton Thomas Securities LLC bought a new stake in shares of International Flavors & Fragrances during the third quarter valued at approximately $48,000. Catalyst Capital Advisors LLC bought a new stake in shares of International Flavors & Fragrances during the third quarter valued at approximately $67,000. Finally, Brooklyn Investment Group bought a new stake in shares of International Flavors & Fragrances during the third quarter valued at approximately $88,000. 96.02% of the stock is currently owned by institutional investors.

International Flavors & Fragrances Stock Down 2.1 %

IFF stock opened at $80.24 on Friday. The stock’s fifty day simple moving average is $84.86 and its two-hundred day simple moving average is $93.55. The company has a current ratio of 2.62, a quick ratio of 1.93 and a debt-to-equity ratio of 0.58. International Flavors & Fragrances Inc. has a 1-year low of $72.94 and a 1-year high of $106.77. The stock has a market cap of $20.51 billion, a P/E ratio of 85.36, a P/E/G ratio of 1.56 and a beta of 1.19.

International Flavors & Fragrances (NYSE:IFF) last posted its quarterly earnings data on Tuesday, February 18th. The specialty chemicals company reported $0.97 earnings per share for the quarter, topping the consensus estimate of $0.83 by $0.14. International Flavors & Fragrances had a return on equity of 7.64% and a net margin of 2.12%. The business had revenue of $2.77 billion for the quarter, compared to analysts’ expectations of $2.67 billion. Analysts expect that International Flavors & Fragrances Inc. will post 4.35 EPS for the current year.

Analyst Upgrades and Downgrades

Several research firms have recently commented on IFF. Barclays decreased their price objective on International Flavors & Fragrances from $90.00 to $88.00 and set an “equal weight” rating for the company in a report on Friday, January 17th. Stifel Nicolaus decreased their price objective on International Flavors & Fragrances from $113.00 to $105.00 and set a “buy” rating for the company in a report on Monday, February 3rd. Oppenheimer decreased their price objective on International Flavors & Fragrances from $114.00 to $104.00 and set an “outperform” rating for the company in a report on Thursday. Wells Fargo & Company decreased their price objective on International Flavors & Fragrances from $115.00 to $105.00 and set an “overweight” rating for the company in a report on Thursday. Finally, Argus raised International Flavors & Fragrances from a “hold” rating to a “buy” rating in a research report on Tuesday, January 7th. Two research analysts have rated the stock with a sell rating, three have assigned a hold rating and twelve have issued a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $103.50.

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.