D.A. Davidson & CO. Sells 895 Shares of International Flavors & Fragrances Inc. (NYSE:IFF)

D.A. Davidson & CO. trimmed its stake in shares of International Flavors & Fragrances Inc. (NYSE:IFF) by 11.3% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 6,999 shares of the specialty chemicals company’s stock after selling 895 shares during the quarter. D.A. Davidson & CO.’s holdings in International Flavors & Fragrances were worth $592,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also bought and sold shares of IFF. Allspring Global Investments Holdings LLC grew its position in shares of International Flavors & Fragrances by 196.1% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 37,910 shares of the specialty chemicals company’s stock worth $3,978,000 after buying an additional 25,107 shares during the last quarter. Sequoia Financial Advisors LLC bought a new stake in shares of International Flavors & Fragrances in the 3rd quarter worth approximately $226,000. Mirae Asset Global Investments Co. Ltd. grew its position in shares of International Flavors & Fragrances by 24.8% in the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 21,580 shares of the specialty chemicals company’s stock worth $2,268,000 after buying an additional 4,293 shares during the last quarter. DekaBank Deutsche Girozentrale grew its position in shares of International Flavors & Fragrances by 16.2% in the 3rd quarter. DekaBank Deutsche Girozentrale now owns 63,744 shares of the specialty chemicals company’s stock worth $6,679,000 after buying an additional 8,909 shares during the last quarter. Finally, State of Alaska Department of Revenue grew its position in shares of International Flavors & Fragrances by 7.3% in the 3rd quarter. State of Alaska Department of Revenue now owns 29,711 shares of the specialty chemicals company’s stock worth $3,117,000 after buying an additional 2,015 shares during the last quarter. 96.02% of the stock is currently owned by institutional investors.

International Flavors & Fragrances Stock Up 0.9 %

Shares of NYSE:IFF opened at $80.30 on Wednesday. The stock has a fifty day simple moving average of $84.43 and a two-hundred day simple moving average of $93.20. The stock has a market capitalization of $20.53 billion, a price-to-earnings ratio of 85.43, a PEG ratio of 1.45 and a beta of 1.19. International Flavors & Fragrances Inc. has a 12-month low of $72.94 and a 12-month high of $106.77. The company has a current ratio of 1.84, a quick ratio of 1.93 and a debt-to-equity ratio of 0.54.

International Flavors & Fragrances (NYSE:IFF) last posted its quarterly earnings results 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 7.72% and a net margin of 2.12%. The firm had revenue of $2.77 billion during the quarter, compared to analysts’ expectations of $2.67 billion. On average, research analysts anticipate that International Flavors & Fragrances Inc. will post 4.32 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on the company. Argus upgraded International Flavors & Fragrances from a “hold” rating to a “buy” rating in a research report on Tuesday, January 7th. Wells Fargo & Company lowered 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. Oppenheimer lowered their target price on International Flavors & Fragrances from $114.00 to $104.00 and set an “outperform” rating for the company in a research note on Thursday, February 20th. UBS Group raised their target price on International Flavors & Fragrances from $108.00 to $111.00 and gave the company a “neutral” rating in a research note on Wednesday, November 6th. Finally, Stifel Nicolaus lowered their target price on International Flavors & Fragrances from $113.00 to $105.00 and set a “buy” rating for the company in a research note on Monday, February 3rd. Two analysts have rated the stock with a sell rating, three have given a hold rating and twelve have given a buy rating to the company’s stock. According to MarketBeat, International Flavors & Fragrances presently has a consensus rating of “Moderate Buy” and an average price target of $103.50.

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.