PNC Financial Services Group Inc. Sells 10,448 Shares of International Flavors & Fragrances Inc. $IFF

PNC Financial Services Group Inc. decreased its stake in International Flavors & Fragrances Inc. (NYSE:IFF) by 28.3% during the third quarter, Holdings Channel.com reports. The institutional investor owned 26,493 shares of the specialty chemicals company’s stock after selling 10,448 shares during the quarter. PNC Financial Services Group Inc.’s holdings in International Flavors & Fragrances were worth $1,630,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently made changes to their positions in the stock. True Wealth Design LLC grew its position in International Flavors & Fragrances by 896.4% in the third quarter. True Wealth Design LLC now owns 548 shares of the specialty chemicals company’s stock worth $34,000 after acquiring an additional 493 shares in the last quarter. Elkhorn Partners Limited Partnership lifted its stake in International Flavors & Fragrances by 200.0% during the second quarter. Elkhorn Partners Limited Partnership now owns 600 shares of the specialty chemicals company’s stock worth $44,000 after purchasing an additional 400 shares during the last quarter. Geneos Wealth Management Inc. raised its holdings in shares of 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 valued at $46,000 after buying an additional 210 shares in the last quarter. CYBER HORNET ETFs LLC bought a new stake in shares of International Flavors & Fragrances in the 2nd quarter worth approximately $49,000. Finally, Transamerica Financial Advisors LLC grew its holdings in shares of International Flavors & Fragrances by 884.1% during the 2nd quarter. Transamerica Financial Advisors LLC now owns 679 shares of the specialty chemicals company’s stock valued at $50,000 after purchasing an additional 610 shares during the last quarter. Hedge funds and other institutional investors own 96.02% of the company’s stock.

International Flavors & Fragrances Stock Down 0.3%

Shares of International Flavors & Fragrances stock opened at $81.37 on Monday. The company has a current ratio of 1.42, a quick ratio of 0.85 and a debt-to-equity ratio of 0.33. International Flavors & Fragrances Inc. has a 12-month low of $59.14 and a 12-month high of $84.45. The company has a market cap of $20.84 billion, a P/E ratio of -59.39, a PEG ratio of 2.12 and a beta of 1.05. The company’s fifty day simple moving average is $71.47 and its two-hundred day simple moving average is $67.05.

International Flavors & Fragrances (NYSE:IFF) last announced 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 negative net margin of 3.20% and a positive return on equity of 7.67%. The company had revenue of $2.59 billion for the quarter, compared to the consensus estimate of $2.52 billion. During the same period in the previous year, the firm posted $0.97 EPS. The company’s revenue for the quarter was down 6.6% on a year-over-year basis. Research analysts anticipate that International Flavors & Fragrances Inc. will post 4.32 EPS for the current year.

Wall Street Analysts Forecast Growth

IFF has been the subject of several analyst reports. UBS Group upped their price target on shares of International Flavors & Fragrances from $71.00 to $85.00 and gave the company a “neutral” rating in a research report on Friday, February 13th. Barclays raised their target price on shares of International Flavors & Fragrances from $78.00 to $91.00 and gave the stock an “overweight” rating in a report on Friday, February 13th. Bank of America upped their price target on shares of International Flavors & Fragrances from $84.00 to $88.00 and gave the company a “buy” rating in a report on Thursday, January 8th. Weiss Ratings reissued a “sell (d-)” rating on shares of International Flavors & Fragrances in a report on Monday, December 29th. Finally, Oppenheimer raised shares of International Flavors & Fragrances from a “market perform” rating to an “outperform” rating and set a $97.00 price objective for the company in a research note on Friday, February 13th. Thirteen research analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $91.17.

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.