R Squared Ltd Makes New Investment in International Flavors & Fragrances Inc. (NYSE:IFF)

R Squared Ltd acquired a new stake in International Flavors & Fragrances Inc. (NYSE:IFF) in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor acquired 1,310 shares of the specialty chemicals company’s stock, valued at approximately $111,000.

Several other hedge funds and other institutional investors have also made changes to their positions in IFF. State Street Corp lifted its stake in International Flavors & Fragrances by 1.9% in the third quarter. State Street Corp now owns 10,467,517 shares of the specialty chemicals company’s stock valued at $1,102,363,000 after acquiring an additional 196,696 shares during the last quarter. Geode Capital Management LLC lifted its stake in International Flavors & Fragrances by 1.3% in the 3rd quarter. Geode Capital Management LLC now owns 6,008,830 shares of the specialty chemicals company’s stock valued at $628,341,000 after purchasing an additional 77,521 shares during the last quarter. Nordea Investment Management AB grew its holdings in International Flavors & Fragrances by 25.7% during the fourth quarter. Nordea Investment Management AB now owns 5,489,741 shares of the specialty chemicals company’s stock worth $464,926,000 after purchasing an additional 1,121,414 shares during the period. Charles Schwab Investment Management Inc. raised its stake in International Flavors & Fragrances by 1.1% in the third quarter. Charles Schwab Investment Management Inc. now owns 1,498,815 shares of the specialty chemicals company’s stock valued at $157,271,000 after buying an additional 16,590 shares during the period. Finally, Fort Washington Investment Advisors Inc. OH lifted its position in shares of International Flavors & Fragrances by 0.3% in the fourth quarter. Fort Washington Investment Advisors Inc. OH now owns 1,366,218 shares of the specialty chemicals company’s stock valued at $115,514,000 after buying an additional 3,442 shares during the last quarter. 96.02% of the stock is owned by institutional investors.

Insider Transactions at International Flavors & Fragrances

In related news, insider Yuvraj Arora sold 5,000 shares of the stock in a transaction that occurred on Monday, November 11th. The shares were sold at an average price of $91.75, for a total value of $458,750.00. Following the completion of the transaction, the insider now owns 3,238 shares of the company’s stock, valued at $297,086.50. This represents a 60.69 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Company insiders own 0.20% of the company’s stock.

Wall Street Analyst Weigh In

IFF has been the topic of a number of research analyst reports. Citigroup dropped their price target on International Flavors & Fragrances from $110.00 to $105.00 and set a “buy” rating on the stock in a research note on Wednesday, December 18th. Vertical Research raised shares of International Flavors & Fragrances from a “hold” rating to a “buy” rating and set a $109.00 target price for the company in a report on Thursday, November 7th. Bank of America raised shares of International Flavors & Fragrances from a “neutral” rating to a “buy” rating and set a $107.00 price target on the stock in a report on Friday, November 8th. Argus raised International Flavors & Fragrances from a “hold” rating to a “buy” rating in a research report on Tuesday, January 7th. Finally, Stifel Nicolaus boosted their price target on International Flavors & Fragrances from $115.00 to $121.00 and gave the company a “buy” rating in a research note on Thursday, October 24th. One analyst has rated the stock with a sell rating, three have issued a hold rating and twelve have assigned a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $109.00.

International Flavors & Fragrances Price Performance

IFF stock opened at $87.75 on Friday. The company’s 50-day moving average price is $86.32 and its two-hundred day moving average price is $94.89. The firm has a market cap of $22.44 billion, a P/E ratio of -9.65, a P/E/G ratio of 1.51 and a beta of 1.18. The company has a quick ratio of 1.93, a current ratio of 2.62 and a debt-to-equity ratio of 0.58. International Flavors & Fragrances Inc. has a 12 month low of $72.94 and a 12 month high of $106.77.

International Flavors & Fragrances (NYSE:IFF) last posted its quarterly earnings results on Tuesday, November 5th. The specialty chemicals company reported $0.62 EPS for the quarter, missing analysts’ consensus estimates of $1.08 by ($0.46). The business had revenue of $2.93 billion for the quarter, compared to analyst estimates of $2.83 billion. International Flavors & Fragrances had a positive return on equity of 7.16% and a negative net margin of 20.33%. International Flavors & Fragrances’s quarterly revenue was up 3.7% on a year-over-year basis. During the same period last year, the firm posted $0.89 EPS. On average, analysts anticipate that International Flavors & Fragrances Inc. will post 4.15 earnings per share for the current fiscal year.

International Flavors & Fragrances Company Profile

International Flavors & Fragrances, Inc engages in the manufacture and supply of flavors and fragrances used in the food, beverage, personal care, and household products industries. It operates through the following segments: Nourish, Health & Biosciences, Scent and Pharma Solutions. The Nourish segment consists of legacy Taste segment combined with N&B’s Food & Beverage division and the food protection business of N&B’s Health & Biosciences division.