Oppenheimer & Co. Inc. Has $1.99 Million Stock Position in International Flavors & Fragrances Inc. (NYSE:IFF)

Oppenheimer & Co. Inc. boosted its holdings in International Flavors & Fragrances Inc. (NYSE:IFF) by 118.2% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 23,477 shares of the specialty chemicals company’s stock after buying an additional 12,717 shares during the quarter. Oppenheimer & Co. Inc.’s holdings in International Flavors & Fragrances were worth $1,985,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of IFF. Point72 Hong Kong Ltd acquired a new stake in shares of International Flavors & Fragrances in the 3rd quarter valued at approximately $42,000. Ashton Thomas Securities LLC bought a new position in International Flavors & Fragrances in the 3rd quarter valued at approximately $48,000. Principal Securities Inc. boosted its position in International Flavors & Fragrances by 36.6% in the fourth quarter. Principal Securities Inc. now owns 638 shares of the specialty chemicals company’s stock valued at $54,000 after buying an additional 171 shares in the last quarter. Catalyst Capital Advisors LLC acquired a new position in shares of International Flavors & Fragrances during the third quarter worth $67,000. Finally, Sugar Maple Asset Management LLC acquired a new position in shares of International Flavors & Fragrances in the fourth quarter valued at approximately $78,000. Institutional investors own 96.02% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have commented on IFF shares. Wells Fargo & Company reduced their price target on 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. Morgan Stanley raised shares of International Flavors & Fragrances from an “equal weight” rating to an “overweight” rating and decreased their target price for the company from $111.00 to $110.00 in a research report on Tuesday, November 12th. Oppenheimer reduced 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 note on Thursday, February 20th. Stifel Nicolaus lowered their target price on shares of International Flavors & Fragrances from $113.00 to $105.00 and set a “buy” rating for the company in a research note on Monday, February 3rd. Finally, JPMorgan Chase & Co. cut their price target on shares of International Flavors & Fragrances from $107.00 to $104.00 and set an “overweight” rating on the stock in a research report on Thursday, February 20th. One analyst has rated the stock with a sell rating, three have given a hold rating and twelve have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $103.50.

International Flavors & Fragrances Stock Performance

IFF stock opened at $81.96 on Monday. The company has a quick ratio of 1.93, a current ratio of 1.84 and a debt-to-equity ratio of 0.54. The firm has a market cap of $20.96 billion, a PE ratio of 87.19, a P/E/G ratio of 1.45 and a beta of 1.19. The business has a 50 day moving average of $84.16 and a 200-day moving average of $92.88. International Flavors & Fragrances Inc. has a 12-month low of $73.82 and a 12-month high of $106.77.

International Flavors & Fragrances (NYSE:IFF) last announced its quarterly earnings data 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 firm had revenue of $2.77 billion during the quarter, compared to the consensus estimate of $2.67 billion. International Flavors & Fragrances had a return on equity of 7.72% and a net margin of 2.12%. As a group, sell-side analysts expect that International Flavors & Fragrances Inc. will post 4.32 earnings per share for the current year.

About International Flavors & Fragrances

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.