International Flavors & Fragrances Inc. (NYSE:IFF) Shares Sold by Hanson & Doremus Investment Management

Hanson & Doremus Investment Management trimmed its holdings in International Flavors & Fragrances Inc. (NYSE:IFF) by 51.8% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 17,065 shares of the specialty chemicals company’s stock after selling 18,329 shares during the quarter. Hanson & Doremus Investment Management’s holdings in International Flavors & Fragrances were worth $1,443,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. Northwest Investment Counselors LLC acquired a new position in International Flavors & Fragrances in the third quarter valued at $27,000. Point72 Hong Kong Ltd acquired a new position in International Flavors & Fragrances in the 3rd quarter valued at about $42,000. Oakworth Capital Inc. purchased a new stake in International Flavors & Fragrances during the 3rd quarter valued at approximately $44,000. Eastern Bank acquired a new stake in International Flavors & Fragrances during the 3rd quarter worth approximately $46,000. Finally, Ashton Thomas Securities LLC purchased a new position in shares of International Flavors & Fragrances in the 3rd quarter valued at approximately $48,000. Hedge funds and other institutional investors own 96.02% of the company’s stock.

International Flavors & Fragrances Trading Down 0.5 %

Shares of IFF stock opened at $86.08 on Thursday. International Flavors & Fragrances Inc. has a fifty-two week low of $72.94 and a fifty-two week high of $106.77. The firm’s 50 day moving average price is $86.36 and its two-hundred day moving average price is $94.94. The stock has a market cap of $22.01 billion, a price-to-earnings ratio of -9.47, a price-to-earnings-growth 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 (NYSE:IFF) last announced its quarterly earnings results on Tuesday, November 5th. The specialty chemicals company reported $0.62 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.08 by ($0.46). International Flavors & Fragrances had a negative net margin of 20.33% and a positive return on equity of 7.16%. The company had revenue of $2.93 billion during the quarter, compared to analyst estimates of $2.83 billion. During the same quarter in the prior year, the company posted $0.89 earnings per share. The firm’s revenue for the quarter was up 3.7% on a year-over-year basis. On average, analysts anticipate that International Flavors & Fragrances Inc. will post 4.15 EPS for the current year.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on the company. Argus raised International Flavors & Fragrances from a “hold” rating to a “buy” rating in a report on Tuesday, January 7th. Bank of America raised International Flavors & Fragrances from a “neutral” rating to a “buy” rating and set a $107.00 price target on the stock in a research note on Friday, November 8th. Stifel Nicolaus boosted their price objective on shares of International Flavors & Fragrances from $115.00 to $121.00 and gave the stock a “buy” rating in a research report on Thursday, October 24th. Citigroup lowered their target price on International Flavors & Fragrances from $110.00 to $105.00 and set a “buy” rating on the stock in a report on Wednesday, December 18th. Finally, JPMorgan Chase & Co. reduced their target price on shares of International Flavors & Fragrances from $110.00 to $107.00 and set an “overweight” rating on the stock in a report on Thursday, November 7th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and twelve have issued a buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $109.00.

Insider Buying and Selling

In related news, insider Yuvraj Arora sold 5,000 shares of International Flavors & Fragrances stock in a transaction on Monday, November 11th. The shares were sold at an average price of $91.75, for a total transaction of $458,750.00. Following the sale, the insider now owns 3,238 shares of the company’s stock, valued at $297,086.50. The trade was a 60.69 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. 0.20% of the stock is currently owned by corporate insiders.

International Flavors & Fragrances 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.