Bank of New York Mellon Corp Has $158.90 Million Holdings in International Flavors & Fragrances Inc. (NYSE:IFF)

Bank of New York Mellon Corp grew its stake in International Flavors & Fragrances Inc. (NYSE:IFF) by 0.9% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,879,317 shares of the specialty chemicals company’s stock after buying an additional 17,372 shares during the quarter. Bank of New York Mellon Corp owned 0.74% of International Flavors & Fragrances worth $158,896,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in IFF. Van ECK Associates Corp boosted its holdings in shares of International Flavors & Fragrances by 41.6% in the fourth quarter. Van ECK Associates Corp now owns 5,664,250 shares of the specialty chemicals company’s stock valued at $478,912,000 after buying an additional 1,663,629 shares during the period. Nordea Investment Management AB boosted its holdings in shares of International Flavors & Fragrances by 25.7% in the fourth quarter. Nordea Investment Management AB now owns 5,489,741 shares of the specialty chemicals company’s stock valued at $464,926,000 after buying an additional 1,121,414 shares during the period. Robeco Institutional Asset Management B.V. boosted its holdings in shares of International Flavors & Fragrances by 70.9% in the third quarter. Robeco Institutional Asset Management B.V. now owns 708,081 shares of the specialty chemicals company’s stock valued at $74,299,000 after buying an additional 293,760 shares during the period. State Street Corp lifted its position in shares of 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 worth $1,102,363,000 after purchasing an additional 196,696 shares in the last quarter. Finally, Zurich Insurance Group Ltd FI bought a new stake in shares of International Flavors & Fragrances in the third quarter worth $19,813,000. Institutional investors and hedge funds own 96.02% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have recently commented on IFF shares. Argus raised shares of International Flavors & Fragrances from a “hold” rating to a “buy” rating in a research report on Tuesday, January 7th. Morgan Stanley raised shares of International Flavors & Fragrances from an “equal weight” rating to an “overweight” rating and cut their price objective for the stock from $111.00 to $110.00 in a research report on Tuesday, November 12th. Oppenheimer cut their price objective on shares of International Flavors & Fragrances from $114.00 to $104.00 and set an “outperform” rating on the stock in a research report on Thursday, February 20th. Wells Fargo & Company cut their price objective on shares of International Flavors & Fragrances from $115.00 to $105.00 and set an “overweight” rating on the stock in a research report on Thursday, February 20th. Finally, Citigroup cut their price objective on shares of International Flavors & Fragrances from $110.00 to $105.00 and set a “buy” rating on the stock in a research report on Wednesday, December 18th. Two research analysts have 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, International Flavors & Fragrances presently has a consensus rating of “Moderate Buy” and a consensus price target of $103.50.

International Flavors & Fragrances Trading Up 1.1 %

IFF stock opened at $81.96 on Friday. 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 company’s 50-day simple moving average is $84.16 and its 200 day simple moving average is $92.93. International Flavors & Fragrances Inc. has a 52 week low of $73.82 and a 52 week high of $106.77. The company has a market capitalization of $20.96 billion, a PE ratio of 87.19, a price-to-earnings-growth ratio of 1.45 and a beta of 1.19.

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