Smith Group Asset Management LLC Sells 11,687 Shares of International Flavors & Fragrances Inc. (NYSE:IFF)

Smith Group Asset Management LLC decreased its holdings in shares of International Flavors & Fragrances Inc. (NYSE:IFF) by 5.5% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 201,779 shares of the specialty chemicals company’s stock after selling 11,687 shares during the quarter. Smith Group Asset Management LLC owned approximately 0.08% of International Flavors & Fragrances worth $17,060,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Pictet North America Advisors SA grew its stake in International Flavors & Fragrances by 3.1% in the 3rd quarter. Pictet North America Advisors SA now owns 3,275 shares of the specialty chemicals company’s stock valued at $344,000 after buying an additional 99 shares during the last quarter. Integrated Advisors Network LLC grew its position in shares of International Flavors & Fragrances by 1.9% in the third quarter. Integrated Advisors Network LLC now owns 5,720 shares of the specialty chemicals company’s stock valued at $600,000 after purchasing an additional 107 shares during the last quarter. CWM LLC increased its stake in shares of International Flavors & Fragrances by 1.7% during the third quarter. CWM LLC now owns 6,540 shares of the specialty chemicals company’s stock worth $686,000 after purchasing an additional 109 shares during the period. UMB Bank n.a. lifted its holdings in International Flavors & Fragrances by 8.9% during the 4th quarter. UMB Bank n.a. now owns 1,458 shares of the specialty chemicals company’s stock worth $123,000 after purchasing an additional 119 shares during the last quarter. Finally, Orca Investment Management LLC grew its holdings in International Flavors & Fragrances by 0.6% in the 3rd quarter. Orca Investment Management LLC now owns 21,266 shares of the specialty chemicals company’s stock valued at $2,231,000 after buying an additional 122 shares in the last quarter. 96.02% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on IFF. Bank of America raised shares of International Flavors & Fragrances from a “neutral” rating to a “buy” rating and set a $107.00 target price for the company in a research report on Friday, November 8th. Stifel Nicolaus increased their target price 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 dropped their price target on shares of International Flavors & Fragrances from $110.00 to $105.00 and set a “buy” rating for the company in a research report on Wednesday, December 18th. Argus upgraded International Flavors & Fragrances from a “hold” rating to a “buy” rating in a research note on Tuesday, January 7th. Finally, UBS Group upped their target price on International Flavors & Fragrances from $108.00 to $111.00 and gave the company a “neutral” rating in a research report on Wednesday, November 6th. One research analyst has rated the stock with a sell rating, three have given a hold rating and twelve have given a buy rating to the company. According to MarketBeat.com, International Flavors & Fragrances currently has a consensus rating of “Moderate Buy” and a consensus target price of $109.00.

International Flavors & Fragrances Trading Down 1.2 %

IFF opened at $86.58 on Wednesday. The company’s 50 day moving average is $86.42 and its 200-day moving average is $95.01. The company has a market cap of $22.14 billion, a P/E ratio of -9.52, a PEG ratio of 1.51 and a beta of 1.18. International Flavors & Fragrances Inc. has a 1-year low of $72.94 and a 1-year high of $106.77. The company has a current ratio of 2.62, a quick ratio of 1.93 and a debt-to-equity ratio of 0.58.

International Flavors & Fragrances (NYSE:IFF) last posted its earnings results on Tuesday, November 5th. The specialty chemicals company reported $0.62 earnings per share for the quarter, missing analysts’ consensus estimates of $1.08 by ($0.46). International Flavors & Fragrances had a positive return on equity of 7.16% and a negative net margin of 20.33%. The company had revenue of $2.93 billion for the quarter, compared to the consensus estimate of $2.83 billion. During the same period in the previous year, the firm posted $0.89 EPS. The business’s quarterly revenue was up 3.7% compared to the same quarter last year. Equities research analysts predict that International Flavors & Fragrances Inc. will post 4.15 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other International Flavors & Fragrances news, insider Yuvraj Arora sold 5,000 shares of the business’s stock in a transaction that occurred 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 directly 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 legal filing with the SEC, which can be accessed through this link. Insiders own 0.20% of the company’s stock.

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.