Impax Asset Management Group plc Has $4.50 Million Stock Position in International Flavors & Fragrances Inc. (NYSE:IFF)

Impax Asset Management Group plc decreased its position in International Flavors & Fragrances Inc. (NYSE:IFF) by 3.7% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 53,173 shares of the specialty chemicals company’s stock after selling 2,021 shares during the period. Impax Asset Management Group plc’s holdings in International Flavors & Fragrances were worth $4,496,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Integrated Advisors Network LLC grew its holdings in shares of International Flavors & Fragrances by 1.9% in the 3rd quarter. Integrated Advisors Network LLC now owns 5,720 shares of the specialty chemicals company’s stock valued at $600,000 after buying an additional 107 shares during the period. UMB Bank n.a. grew its holdings in shares of International Flavors & Fragrances by 8.9% in the 4th quarter. UMB Bank n.a. now owns 1,458 shares of the specialty chemicals company’s stock valued at $123,000 after buying an additional 119 shares during the period. Huntington National Bank grew its holdings in shares of International Flavors & Fragrances by 3.1% in the 3rd quarter. Huntington National Bank now owns 4,095 shares of the specialty chemicals company’s stock valued at $430,000 after buying an additional 124 shares during the period. Arete Wealth Advisors LLC boosted its stake in International Flavors & Fragrances by 4.2% in the 3rd quarter. Arete Wealth Advisors LLC now owns 3,061 shares of the specialty chemicals company’s stock worth $321,000 after purchasing an additional 124 shares during the period. Finally, Truist Financial Corp boosted its stake in International Flavors & Fragrances by 0.7% in the 4th quarter. Truist Financial Corp now owns 19,908 shares of the specialty chemicals company’s stock worth $1,683,000 after purchasing an additional 129 shares during the period. Institutional investors and hedge funds own 96.02% of the company’s stock.

International Flavors & Fragrances Stock Down 0.2 %

Shares of IFF stock opened at $79.71 on Tuesday. The company has a debt-to-equity ratio of 0.54, a quick ratio of 1.93 and a current ratio of 1.84. The firm’s 50-day moving average is $84.56 and its 200-day moving average is $93.31. The stock has a market cap of $20.38 billion, a price-to-earnings ratio of 84.80, a PEG ratio of 1.45 and a beta of 1.19. International Flavors & Fragrances Inc. has a 52-week low of $72.94 and a 52-week high of $106.77.

International Flavors & Fragrances (NYSE:IFF) last issued its earnings results on Tuesday, February 18th. The specialty chemicals company reported $0.97 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.83 by $0.14. The company had revenue of $2.77 billion for the quarter, compared to analysts’ expectations of $2.67 billion. International Flavors & Fragrances had a net margin of 2.12% and a return on equity of 7.72%. Sell-side analysts predict that International Flavors & Fragrances Inc. will post 4.32 EPS for the current year.

Analysts Set New Price Targets

A number of brokerages recently weighed in on IFF. UBS Group upped their target price on shares of International Flavors & Fragrances from $108.00 to $111.00 and gave the stock a “neutral” rating in a research note on Wednesday, November 6th. Wells Fargo & Company reduced their target price on shares of International Flavors & Fragrances from $115.00 to $105.00 and set an “overweight” rating for the company in a research note on Thursday, February 20th. Bank of America reduced their target price on shares of International Flavors & Fragrances from $105.00 to $101.00 and set a “buy” rating for the company in a research note on Thursday, February 20th. Cfra lowered shares of International Flavors & Fragrances from a “buy” rating to a “sell” rating and set a $77.00 target price for the company. in a research note on Thursday, February 20th. Finally, Citigroup reduced their target price on shares of International Flavors & Fragrances from $110.00 to $105.00 and set a “buy” rating for the company in a research note on Wednesday, December 18th. Two research analysts have rated the stock with a sell rating, three have given a hold rating and twelve have issued a buy rating to the company. According to MarketBeat, International Flavors & Fragrances presently has a consensus rating of “Moderate Buy” and an average price target of $103.50.

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.