Sanctuary Advisors LLC Grows Stock Holdings in International Flavors & Fragrances Inc. (NYSE:IFF)

Sanctuary Advisors LLC raised its position in shares of International Flavors & Fragrances Inc. (NYSE:IFF) by 18.8% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 7,867 shares of the specialty chemicals company’s stock after buying an additional 1,246 shares during the period. Sanctuary Advisors LLC’s holdings in International Flavors & Fragrances were worth $690,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also modified their holdings of the company. Point72 Hong Kong Ltd purchased a new position in shares of International Flavors & Fragrances during the third quarter worth $42,000. Ashton Thomas Securities LLC purchased a new position in International Flavors & Fragrances in the third quarter valued at $48,000. Catalyst Capital Advisors LLC purchased a new position in International Flavors & Fragrances in the third quarter valued at $67,000. Principal Securities Inc. boosted its holdings in International Flavors & Fragrances by 36.6% in the fourth quarter. Principal Securities Inc. now owns 638 shares of the specialty chemicals company’s stock valued at $54,000 after purchasing an additional 171 shares during the period. Finally, Brooklyn Investment Group purchased a new position in International Flavors & Fragrances in the third quarter valued at $88,000. 96.02% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research firms recently issued reports on IFF. Morgan Stanley upgraded International Flavors & Fragrances from an “equal weight” rating to an “overweight” rating and decreased their target price for the company from $111.00 to $110.00 in a report on Tuesday, November 12th. Vertical Research upgraded International Flavors & Fragrances from a “hold” rating to a “buy” rating and set a $109.00 target price for the company in a report on Thursday, November 7th. Barclays decreased their target price 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. Wells Fargo & Company cut their price target on International Flavors & Fragrances from $115.00 to $105.00 and set an “overweight” rating on the stock in a research note on Thursday, February 20th. Finally, Oppenheimer cut their price target on International Flavors & Fragrances from $114.00 to $104.00 and set an “outperform” rating on the stock in a research note on Thursday, February 20th. Two research analysts have rated the stock with a sell rating, three have assigned a hold rating and twelve have given a buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $103.50.

International Flavors & Fragrances Stock Up 1.1 %

IFF opened at $81.96 on Friday. The business’s 50-day simple moving average is $84.16 and its 200-day simple moving average is $92.93. The company has a debt-to-equity ratio of 0.54, a quick ratio of 1.93 and a current ratio of 1.84. International Flavors & Fragrances Inc. has a one year low of $73.82 and a one year high of $106.77. The stock has a market capitalization of $20.96 billion, a P/E ratio of 87.19, a price-to-earnings-growth ratio of 1.45 and a beta of 1.19.

International Flavors & Fragrances (NYSE:IFF) last posted its earnings results on Tuesday, February 18th. The specialty chemicals company reported $0.97 EPS for the quarter, topping analysts’ consensus estimates 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 business had revenue of $2.77 billion for the quarter, compared to analysts’ expectations of $2.67 billion. Analysts anticipate 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.