AGF Management Ltd. Buys 9,120 Shares of International Flavors & Fragrances Inc. $IFF

AGF Management Ltd. lifted its stake in shares of International Flavors & Fragrances Inc. (NYSE:IFF) by 23.0% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 48,734 shares of the specialty chemicals company’s stock after acquiring an additional 9,120 shares during the quarter. AGF Management Ltd.’s holdings in International Flavors & Fragrances were worth $2,999,000 as of its most recent filing with the SEC.

A number of other institutional investors have also made changes to their positions in the stock. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in International Flavors & Fragrances by 5.3% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 26,315 shares of the specialty chemicals company’s stock valued at $2,042,000 after purchasing an additional 1,335 shares during the last quarter. Jones Financial Companies Lllp boosted its holdings in shares of International Flavors & Fragrances by 15.7% during the 1st quarter. Jones Financial Companies Lllp now owns 3,976 shares of the specialty chemicals company’s stock worth $309,000 after buying an additional 539 shares during the period. Empowered Funds LLC grew its stake in International Flavors & Fragrances by 71.5% in the 1st quarter. Empowered Funds LLC now owns 10,454 shares of the specialty chemicals company’s stock valued at $811,000 after buying an additional 4,358 shares during the last quarter. Focus Partners Wealth raised its holdings in International Flavors & Fragrances by 25.5% in the 1st quarter. Focus Partners Wealth now owns 7,527 shares of the specialty chemicals company’s stock worth $584,000 after acquiring an additional 1,530 shares during the period. Finally, Geneos Wealth Management Inc. lifted its position in International Flavors & Fragrances by 55.7% during the 1st quarter. Geneos Wealth Management Inc. now owns 587 shares of the specialty chemicals company’s stock worth $46,000 after acquiring an additional 210 shares during the last quarter. 96.02% of the stock is owned by institutional investors.

International Flavors & Fragrances Price Performance

International Flavors & Fragrances stock opened at $74.30 on Thursday. International Flavors & Fragrances Inc. has a one year low of $59.14 and a one year high of $86.96. The company has a debt-to-equity ratio of 0.33, a current ratio of 1.44 and a quick ratio of 0.87. The business has a 50 day simple moving average of $68.40 and a 200 day simple moving average of $66.57. The company has a market capitalization of $19.03 billion, a PE ratio of -45.86, a price-to-earnings-growth ratio of 2.66 and a beta of 1.05.

International Flavors & Fragrances (NYSE:IFF) last announced its earnings results on Tuesday, November 4th. The specialty chemicals company reported $1.05 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.02 by $0.03. The business had revenue of $2.69 billion during the quarter, compared to analysts’ expectations of $2.65 billion. International Flavors & Fragrances had a negative net margin of 3.72% and a positive return on equity of 8.03%. The firm’s revenue for the quarter was down 7.9% on a year-over-year basis. During the same quarter last year, the company posted $1.04 EPS. On average, sell-side analysts forecast that International Flavors & Fragrances Inc. will post 4.32 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on the company. BNP Paribas Exane lowered their price target on International Flavors & Fragrances from $91.00 to $89.00 and set an “outperform” rating on the stock in a research report on Tuesday, January 13th. UBS Group lifted their price target on International Flavors & Fragrances from $68.00 to $71.00 and gave the stock a “neutral” rating in a research report on Monday, January 12th. Bank of America increased their price objective on International Flavors & Fragrances from $84.00 to $88.00 and gave the company a “buy” rating in a research report on Thursday, January 8th. Wall Street Zen raised shares of International Flavors & Fragrances from a “sell” rating to a “hold” rating in a research report on Sunday, January 4th. Finally, Citigroup boosted their price objective on shares of International Flavors & Fragrances from $77.00 to $83.00 and gave the stock a “buy” rating in a report on Wednesday, January 21st. Twelve equities research analysts have rated the stock with a Buy rating, four have given a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat.com, International Flavors & Fragrances presently has a consensus rating of “Moderate Buy” and a consensus target price of $86.46.

International Flavors & Fragrances Profile

International Flavors & Fragrances Inc (NYSE:IFF) is a global leader in the creation and production of flavors, fragrances, cosmetic actives and nutritional lipids. The company develops taste and scent solutions for a wide array of end markets including food and beverage, personal care, household goods and pharmaceutical products. Its portfolio spans natural and nature-identical flavors, fine fragrances, functional ingredients for skin and hair care, and specialty oils that enhance nutritional value and sensory appeal.

IFF’s research and development network comprises innovation centers in North America, Europe, Asia-Pacific and Latin America, where multidisciplinary teams collaborate on aroma chemistry, sensory science and biotechnology.