SVB Wealth LLC Makes New Investment in International Flavors & Fragrances Inc. (NYSE:IFF)

SVB Wealth LLC bought a new position in shares of International Flavors & Fragrances Inc. (NYSE:IFF) during the 4th quarter, according to its most recent disclosure with the SEC. The fund bought 8,199 shares of the specialty chemicals company’s stock, valued at approximately $693,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. QRG Capital Management Inc. lifted its holdings in International Flavors & Fragrances by 15.7% during the 4th quarter. QRG Capital Management Inc. now owns 5,078 shares of the specialty chemicals company’s stock worth $429,000 after buying an additional 689 shares during the period. Proficio Capital Partners LLC bought a new stake in shares of International Flavors & Fragrances in the 4th quarter valued at $8,099,000. Oppenheimer & Co. Inc. boosted its stake in shares of International Flavors & Fragrances by 118.2% in the 4th quarter. Oppenheimer & Co. Inc. now owns 23,477 shares of the specialty chemicals company’s stock valued at $1,985,000 after purchasing an additional 12,717 shares during the last quarter. Mn Services Vermogensbeheer B.V. boosted its stake in shares of International Flavors & Fragrances by 1.7% in the 4th quarter. Mn Services Vermogensbeheer B.V. now owns 99,551 shares of the specialty chemicals company’s stock valued at $8,417,000 after purchasing an additional 1,700 shares during the last quarter. Finally, Bank of New York Mellon Corp boosted its stake in shares of International Flavors & Fragrances by 0.9% in the 4th quarter. Bank of New York Mellon Corp now owns 1,879,317 shares of the specialty chemicals company’s stock valued at $158,896,000 after purchasing an additional 17,372 shares during the last quarter. 96.02% of the stock is owned by institutional investors and hedge funds.

International Flavors & Fragrances Stock Performance

Shares of IFF opened at $80.81 on Tuesday. International Flavors & Fragrances Inc. has a 52 week low of $75.56 and a 52 week high of $106.77. 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 stock has a 50 day moving average price of $84.08 and a two-hundred day moving average price of $92.75. The firm has a market capitalization of $20.66 billion, a P/E ratio of 85.97, a P/E/G ratio of 1.45 and a beta of 1.19.

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

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on the stock. JPMorgan Chase & Co. reduced their price objective on shares of International Flavors & Fragrances from $107.00 to $104.00 and set an “overweight” rating on the stock in a research note on Thursday, February 20th. Vertical Research raised International Flavors & Fragrances from a “hold” rating to a “buy” rating and set a $109.00 target price for the company in a research note on Thursday, November 7th. Morgan Stanley raised International Flavors & Fragrances from an “equal weight” rating to an “overweight” rating and decreased their target price for the stock from $111.00 to $110.00 in a research note on Tuesday, November 12th. Cfra cut 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, Argus raised International Flavors & Fragrances from a “hold” rating to a “buy” rating in a research note on Tuesday, January 7th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and twelve have given a buy rating to the company’s stock. Based on data from MarketBeat.com, International Flavors & Fragrances has a consensus rating of “Moderate Buy” and an average target price 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.