Metis Global Partners LLC Grows Stake in International Flavors & Fragrances Inc. (NYSE:IFF)

Metis Global Partners LLC increased its stake in shares of International Flavors & Fragrances Inc. (NYSE:IFF) by 8.5% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 12,405 shares of the specialty chemicals company’s stock after buying an additional 968 shares during the quarter. Metis Global Partners LLC’s holdings in International Flavors & Fragrances were worth $1,049,000 as of its most recent SEC filing.

Other large investors have also recently made changes to their positions in the company. Point72 Hong Kong Ltd purchased a new stake in shares of International Flavors & Fragrances during the third quarter valued at $42,000. Ashton Thomas Securities LLC purchased a new stake in International Flavors & Fragrances in the third quarter valued at $48,000. Catalyst Capital Advisors LLC purchased a new stake in International Flavors & Fragrances in the third quarter valued at $67,000. Principal Securities Inc. boosted its holdings 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 purchasing an additional 171 shares during the last quarter. Finally, Brooklyn Investment Group purchased a new stake in International Flavors & Fragrances in the third quarter valued at $88,000. 96.02% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

IFF has been the topic of several recent research reports. Vertical Research raised shares of International Flavors & Fragrances from a “hold” rating to a “buy” rating and set a $109.00 price target on the stock in a report on Thursday, November 7th. Wells Fargo & Company lowered their price target on shares of International Flavors & Fragrances from $115.00 to $105.00 and set an “overweight” rating on the stock in a report on Thursday, February 20th. Stifel Nicolaus lowered their price target on shares of International Flavors & Fragrances from $113.00 to $105.00 and set a “buy” rating on the stock in a report on Monday, February 3rd. Argus upgraded shares of International Flavors & Fragrances from a “hold” rating to a “buy” rating in a research report on Tuesday, January 7th. Finally, UBS Group upped their price objective on shares of International Flavors & Fragrances from $108.00 to $111.00 and gave the stock a “neutral” rating in a research report on Wednesday, November 6th. One 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, the stock has a consensus rating of “Moderate Buy” and an average price target of $103.50.

International Flavors & Fragrances Stock Down 1.2 %

IFF opened at $80.81 on Tuesday. International Flavors & Fragrances Inc. has a twelve month low of $75.56 and a twelve month high of $106.77. 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 company has a 50-day moving average price of $84.08 and a 200 day moving average price of $92.75. The company has a market cap of $20.66 billion, a PE ratio of 85.97, a price-to-earnings-growth ratio of 1.45 and a beta of 1.19.

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 the consensus estimate of $0.83 by $0.14. International Flavors & Fragrances had a net margin of 2.12% and a return on equity of 7.72%. The company had revenue of $2.77 billion during the quarter, compared to analysts’ expectations of $2.67 billion. Sell-side analysts expect that International Flavors & Fragrances Inc. will post 4.32 earnings per share for the current fiscal 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.