IQ EQ FUND MANAGEMENT IRELAND Ltd Has $2.37 Million Stake in International Flavors & Fragrances Inc. $IFF

IQ EQ FUND MANAGEMENT IRELAND Ltd lowered its holdings in shares of International Flavors & Fragrances Inc. (NYSE:IFF) by 22.6% during the third quarter, HoldingsChannel reports. The firm owned 38,440 shares of the specialty chemicals company’s stock after selling 11,214 shares during the quarter. IQ EQ FUND MANAGEMENT IRELAND Ltd’s holdings in International Flavors & Fragrances were worth $2,366,000 as of its most recent SEC filing.

Other large investors have also bought and sold shares of the company. Dodge & Cox lifted its stake in International Flavors & Fragrances by 3.8% in the second quarter. Dodge & Cox now owns 35,047,387 shares of the specialty chemicals company’s stock valued at $2,577,735,000 after buying an additional 1,272,780 shares in the last quarter. Vanguard Group Inc. lifted its position in International Flavors & Fragrances by 1.6% in the 2nd quarter. Vanguard Group Inc. now owns 30,880,203 shares of the specialty chemicals company’s stock valued at $2,271,239,000 after acquiring an additional 490,163 shares in the last quarter. State Street Corp boosted its stake in International Flavors & Fragrances by 3.6% in the 2nd quarter. State Street Corp now owns 10,884,974 shares of the specialty chemicals company’s stock worth $804,753,000 after purchasing an additional 381,593 shares during the period. Geode Capital Management LLC increased its holdings in International Flavors & Fragrances by 1.9% during the 2nd quarter. Geode Capital Management LLC now owns 6,459,129 shares of the specialty chemicals company’s stock worth $473,036,000 after purchasing an additional 123,520 shares in the last quarter. Finally, First Eagle Investment Management LLC lifted its holdings in shares of International Flavors & Fragrances by 122.1% in the second quarter. First Eagle Investment Management LLC now owns 5,441,094 shares of the specialty chemicals company’s stock valued at $400,192,000 after purchasing an additional 2,991,405 shares in the last quarter. 96.02% of the stock is owned by institutional investors.

International Flavors & Fragrances Price Performance

Shares of IFF opened at $74.95 on Friday. The company has a current ratio of 1.44, a quick ratio of 0.87 and a debt-to-equity ratio of 0.33. The company’s fifty day simple moving average is $68.58 and its 200 day simple moving average is $66.61. International Flavors & Fragrances Inc. has a 1-year low of $59.14 and a 1-year high of $86.96. The company has a market cap of $19.19 billion, a price-to-earnings ratio of -46.27, a PEG ratio of 2.77 and a beta of 1.05.

International Flavors & Fragrances (NYSE:IFF) last announced its quarterly earnings data on Tuesday, November 4th. The specialty chemicals company reported $1.05 EPS for the quarter, beating analysts’ consensus estimates of $1.02 by $0.03. The company had revenue of $2.69 billion during the quarter, compared to the consensus estimate 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 company’s quarterly revenue was down 7.9% on a year-over-year basis. During the same quarter last year, the firm posted $1.04 EPS. On average, research analysts forecast 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 research analysts recently issued reports on IFF shares. Bank of America increased their price objective on International Flavors & Fragrances from $84.00 to $88.00 and gave the stock a “buy” rating in a 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 note on Sunday, January 4th. BNP Paribas Exane cut their price objective on shares of 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. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of International Flavors & Fragrances in a research report on Monday, December 29th. Finally, Argus boosted their price target on shares of International Flavors & Fragrances from $70.00 to $80.00 and gave the stock a “buy” rating in a research report on Thursday, January 22nd. Twelve investment analysts have rated the stock with a Buy rating, four have issued a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target 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.