CenterBook Partners LP Invests $813,000 in International Flavors & Fragrances Inc. $IFF

CenterBook Partners LP bought a new stake in International Flavors & Fragrances Inc. (NYSE:IFF) during the third quarter, Holdings Channel reports. The fund bought 13,205 shares of the specialty chemicals company’s stock, valued at approximately $813,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the company. NEOS Investment Management LLC raised its holdings in International Flavors & Fragrances by 54.3% in the third quarter. NEOS Investment Management LLC now owns 26,630 shares of the specialty chemicals company’s stock valued at $1,639,000 after buying an additional 9,367 shares during the period. Rothschild Investment LLC increased its position in shares of International Flavors & Fragrances by 18.3% in the third quarter. Rothschild Investment LLC now owns 1,392 shares of the specialty chemicals company’s stock worth $86,000 after acquiring an additional 215 shares in the last quarter. Vanguard Group Inc. raised its stake in shares of International Flavors & Fragrances by 0.8% in the 3rd quarter. Vanguard Group Inc. now owns 31,133,186 shares of the specialty chemicals company’s stock valued at $1,915,936,000 after acquiring an additional 252,983 shares during the period. JPMorgan Chase & Co. lifted its holdings in shares of International Flavors & Fragrances by 28.8% during the 3rd quarter. JPMorgan Chase & Co. now owns 1,098,575 shares of the specialty chemicals company’s stock valued at $67,612,000 after acquiring an additional 245,719 shares in the last quarter. Finally, State of New Jersey Common Pension Fund D boosted its position in International Flavors & Fragrances by 0.4% during the 3rd quarter. State of New Jersey Common Pension Fund D now owns 85,112 shares of the specialty chemicals company’s stock worth $5,238,000 after purchasing an additional 372 shares during the period. 96.02% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

IFF has been the topic of several analyst reports. Deutsche Bank Aktiengesellschaft raised their target price on International Flavors & Fragrances from $75.00 to $95.00 and gave the company a “buy” rating in a report on Tuesday. Citigroup increased their price objective on shares of International Flavors & Fragrances from $83.00 to $95.00 and gave the company a “buy” rating in a research report on Friday, February 13th. Mizuho boosted their target price on shares of International Flavors & Fragrances from $75.00 to $85.00 and gave the stock an “outperform” rating in a research report on Thursday, February 12th. UBS Group raised their price target on shares of International Flavors & Fragrances from $71.00 to $85.00 and gave the company a “neutral” rating in a report on Friday, February 13th. Finally, Oppenheimer raised shares of International Flavors & Fragrances from a “market perform” rating to an “outperform” rating and set a $97.00 price target on the stock in a research note on Friday, February 13th. Thirteen investment analysts have rated the stock with a Buy rating, three have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, International Flavors & Fragrances presently has an average rating of “Moderate Buy” and a consensus target price of $91.17.

International Flavors & Fragrances Stock Performance

Shares of IFF opened at $81.37 on Friday. The stock has a market capitalization of $20.84 billion, a PE ratio of -59.39, a price-to-earnings-growth ratio of 2.13 and a beta of 1.05. The business’s fifty day moving average price is $71.47 and its 200 day moving average price is $67.07. The company has a debt-to-equity ratio of 0.33, a current ratio of 1.42 and a quick ratio of 0.85. International Flavors & Fragrances Inc. has a 12-month low of $59.14 and a 12-month high of $84.45.

International Flavors & Fragrances (NYSE:IFF) last issued its earnings results on Wednesday, February 11th. The specialty chemicals company reported $0.80 earnings per share for the quarter, missing analysts’ consensus estimates of $0.85 by ($0.05). International Flavors & Fragrances had a positive return on equity of 7.67% and a negative net margin of 3.20%.The business had revenue of $2.59 billion for the quarter, compared to analyst estimates of $2.52 billion. During the same period last year, the company posted $0.97 earnings per share. The firm’s revenue for the quarter was down 6.6% on a year-over-year basis. Equities research analysts forecast that International Flavors & Fragrances Inc. will post 4.32 EPS for the current year.

International Flavors & Fragrances Company 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.