Truist Financial Corp Has $1.68 Million Stake in International Flavors & Fragrances Inc. (NYSE:IFF)

Truist Financial Corp lifted its position in International Flavors & Fragrances Inc. (NYSE:IFF) by 0.7% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 19,908 shares of the specialty chemicals company’s stock after buying an additional 129 shares during the quarter. Truist Financial Corp’s holdings in International Flavors & Fragrances were worth $1,683,000 as of its most recent SEC filing.

Other hedge funds also recently made changes to their positions in the company. Point72 Hong Kong Ltd acquired a new stake in shares of International Flavors & Fragrances during the third quarter worth $42,000. Ashton Thomas Securities LLC bought a new stake in shares of International Flavors & Fragrances during the third quarter worth about $48,000. Catalyst Capital Advisors LLC bought a new stake in International Flavors & Fragrances in the third quarter valued at approximately $67,000. Principal Securities Inc. grew its holdings in International Flavors & Fragrances by 36.6% during the 4th quarter. Principal Securities Inc. now owns 638 shares of the specialty chemicals company’s stock worth $54,000 after acquiring an additional 171 shares during the period. Finally, Brooklyn Investment Group bought a new position in shares of International Flavors & Fragrances during the 3rd quarter worth approximately $88,000. 96.02% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

IFF has been the topic of a number of analyst reports. Barclays lowered their target price on shares of 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. Citigroup decreased their price objective on International Flavors & Fragrances from $110.00 to $105.00 and set a “buy” rating for the company in a report on Wednesday, December 18th. UBS Group upped their price objective on shares of International Flavors & Fragrances from $108.00 to $111.00 and gave the company a “neutral” rating in a report on Wednesday, November 6th. Oppenheimer lowered their price target on shares of International Flavors & Fragrances from $114.00 to $104.00 and set an “outperform” rating on the stock in a research report on Thursday, February 20th. Finally, Wells Fargo & Company cut their target price on International Flavors & Fragrances from $115.00 to $105.00 and set an “overweight” rating for the company in a research note on Thursday, February 20th. Two research analysts have rated the stock with a sell rating, three have issued a hold rating and twelve have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $103.50.

International Flavors & Fragrances Price Performance

Shares of International Flavors & Fragrances stock opened at $81.11 on Friday. The company has a debt-to-equity ratio of 0.54, a quick ratio of 1.93 and a current ratio of 1.84. The stock has a market capitalization of $20.74 billion, a price-to-earnings ratio of 86.29, a price-to-earnings-growth ratio of 1.45 and a beta of 1.19. The company has a fifty day moving average of $84.24 and a 200-day moving average of $93.03. International Flavors & Fragrances Inc. has a 52-week low of $72.94 and a 52-week high of $106.77.

International Flavors & Fragrances (NYSE:IFF) last issued its earnings results on Tuesday, February 18th. The specialty chemicals company reported $0.97 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.83 by $0.14. The firm had revenue of $2.77 billion for the quarter, compared to analysts’ expectations of $2.67 billion. International Flavors & Fragrances had a net margin of 2.12% and a return on equity of 7.72%. Equities research analysts expect that International Flavors & Fragrances Inc. will post 4.32 EPS for the current year.

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.