New England Research & Management Inc. Boosts Stock Position in International Flavors & Fragrances Inc (NYSE:IFF)

New England Research & Management Inc. increased its stake in shares of International Flavors & Fragrances Inc (NYSE:IFF) by 53.1% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 9,225 shares of the specialty chemicals company’s stock after purchasing an additional 3,200 shares during the quarter. New England Research & Management Inc.’s holdings in International Flavors & Fragrances were worth $1,132,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently bought and sold shares of the company. Massey Quick Simon & CO. LLC purchased a new stake in International Flavors & Fragrances during the 3rd quarter worth about $25,000. Advisory Services Network LLC increased its position in International Flavors & Fragrances by 119.0% during the 2nd quarter. Advisory Services Network LLC now owns 230 shares of the specialty chemicals company’s stock worth $33,000 after purchasing an additional 125 shares in the last quarter. Stonebridge Capital Advisors LLC purchased a new stake in International Flavors & Fragrances during the 2nd quarter worth about $33,000. CSat Investment Advisory L.P. increased its position in International Flavors & Fragrances by 80.1% during the 2nd quarter. CSat Investment Advisory L.P. now owns 326 shares of the specialty chemicals company’s stock worth $47,000 after purchasing an additional 145 shares in the last quarter. Finally, Private Ocean LLC purchased a new stake in International Flavors & Fragrances during the 2nd quarter worth about $76,000. Hedge funds and other institutional investors own 93.69% of the company’s stock.

IFF traded down $0.61 during midday trading on Friday, hitting $132.81. The company’s stock had a trading volume of 664,294 shares, compared to its average volume of 1,017,603. The company has a current ratio of 2.05, a quick ratio of 1.59 and a debt-to-equity ratio of 0.66. The firm has a market cap of $14.36 billion, a P/E ratio of 21.15 and a beta of 0.83. The firm has a 50-day moving average price of $120.57 and a two-hundred day moving average price of $130.82. International Flavors & Fragrances Inc has a 52-week low of $104.86 and a 52-week high of $152.95.

International Flavors & Fragrances (NYSE:IFF) last posted its quarterly earnings results on Monday, November 4th. The specialty chemicals company reported $1.53 EPS for the quarter, missing the consensus estimate of $1.54 by ($0.01). The business had revenue of $1.27 billion during the quarter, compared to analysts’ expectations of $1.29 billion. International Flavors & Fragrances had a net margin of 7.59% and a return on equity of 10.39%. The firm’s quarterly revenue was up 39.7% compared to the same quarter last year. During the same quarter last year, the firm earned $1.64 EPS. On average, equities analysts expect that International Flavors & Fragrances Inc will post 6.18 EPS for the current year.

IFF has been the subject of a number of recent research reports. KeyCorp dropped their price objective on International Flavors & Fragrances from $160.00 to $150.00 and set an “overweight” rating for the company in a research report on Thursday, August 8th. Zacks Investment Research upgraded International Flavors & Fragrances from a “sell” rating to a “hold” rating and set a $151.00 price objective for the company in a research report on Monday, August 5th. Societe Generale initiated coverage on International Flavors & Fragrances in a research report on Monday, September 9th. They set a “buy” rating and a $140.00 price objective for the company. Citigroup lifted their price objective on International Flavors & Fragrances from $126.00 to $137.00 and gave the stock a “neutral” rating in a research report on Wednesday. Finally, UBS Group dropped their price objective on International Flavors & Fragrances from $171.00 to $163.00 and set a “buy” rating for the company in a research report on Wednesday, October 2nd. Four investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and five have assigned a buy rating to the company. International Flavors & Fragrances currently has a consensus rating of “Hold” and an average target price of $141.36.

In other International Flavors & Fragrances news, insider Nicolas Mirzayantz sold 928 shares of International Flavors & Fragrances stock in a transaction dated Monday, September 16th. The stock was sold at an average price of $126.26, for a total value of $117,169.28. Following the completion of the sale, the insider now owns 34,465 shares in the company, valued at approximately $4,351,550.90. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders sold a total of 2,786 shares of company stock valued at $330,449 in the last 90 days. 0.39% of the stock is owned by company insiders.

About International Flavors & Fragrances

International Flavors & Fragrances Inc, together with its subsidiaries, manufactures flavors and fragrances for use in various consumer products. It operates through three segments: Taste, Scent, and Frutarom. The Taste segment offers flavor compounds primarily to the food and beverage industries for use in consumer products, such as prepared foods, beverages, dairy, food, and sweet products.

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Institutional Ownership by Quarter for International Flavors & Fragrances (NYSE:IFF)

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