Venturi Wealth Management LLC Acquires 740 Shares of International Flavors & Fragrances Inc. (NYSE:IFF)

Venturi Wealth Management LLC increased its holdings in shares of International Flavors & Fragrances Inc. (NYSE:IFF) by 74.8% in the fourth quarter, according to its most recent disclosure with the SEC. The firm owned 1,729 shares of the specialty chemicals company’s stock after purchasing an additional 740 shares during the period. Venturi Wealth Management LLC’s holdings in International Flavors & Fragrances were worth $146,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. State Street Corp grew its holdings in International Flavors & Fragrances by 1.9% during the third quarter. State Street Corp now owns 10,467,517 shares of the specialty chemicals company’s stock worth $1,102,363,000 after purchasing an additional 196,696 shares during the period. Geode Capital Management LLC grew its holdings in International Flavors & Fragrances by 1.3% during the third quarter. Geode Capital Management LLC now owns 6,008,830 shares of the specialty chemicals company’s stock worth $628,341,000 after purchasing an additional 77,521 shares during the period. Van ECK Associates Corp grew its holdings in International Flavors & Fragrances by 41.6% during the fourth quarter. Van ECK Associates Corp now owns 5,664,250 shares of the specialty chemicals company’s stock worth $478,912,000 after purchasing an additional 1,663,629 shares during the period. Nordea Investment Management AB grew its holdings in International Flavors & Fragrances by 25.7% during the fourth quarter. Nordea Investment Management AB now owns 5,489,741 shares of the specialty chemicals company’s stock worth $464,926,000 after purchasing an additional 1,121,414 shares during the period. Finally, Charles Schwab Investment Management Inc. grew its holdings in International Flavors & Fragrances by 1.1% during the third quarter. Charles Schwab Investment Management Inc. now owns 1,498,815 shares of the specialty chemicals company’s stock worth $157,271,000 after purchasing an additional 16,590 shares during the period. Institutional investors own 96.02% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on the company. Stifel Nicolaus reduced their price objective on International Flavors & Fragrances from $113.00 to $105.00 and set a “buy” rating for the company in a report on Monday, February 3rd. Vertical Research upgraded International Flavors & Fragrances from a “hold” rating to a “buy” rating and set a $109.00 price objective for the company in a report on Thursday, November 7th. JPMorgan Chase & Co. reduced their price objective on International Flavors & Fragrances from $107.00 to $104.00 and set an “overweight” rating for the company in a report on Thursday. Bank of America reduced their price objective on International Flavors & Fragrances from $105.00 to $101.00 and set a “buy” rating for the company in a report on Thursday. Finally, UBS Group boosted their price objective on International Flavors & Fragrances from $108.00 to $111.00 and gave the stock a “neutral” rating in a report on Wednesday, November 6th. Two investment analysts have rated the stock with a sell rating, three have given a hold rating and twelve have given a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $103.50.

International Flavors & Fragrances Trading Down 0.3 %

Shares of IFF stock opened at $79.92 on Friday. International Flavors & Fragrances Inc. has a 1 year low of $72.94 and a 1 year high of $106.77. The stock has a market cap of $20.43 billion, a P/E ratio of 85.02, a price-to-earnings-growth ratio of 1.45 and a beta of 1.19. The company has a current ratio of 1.84, a quick ratio of 1.93 and a debt-to-equity ratio of 0.54. The stock has a 50 day simple moving average of $84.71 and a 200 day simple moving average of $93.43.

International Flavors & Fragrances (NYSE:IFF) last announced its quarterly earnings data on Tuesday, February 18th. The specialty chemicals company reported $0.97 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 business had revenue of $2.77 billion during the quarter, compared to the consensus estimate of $2.67 billion. On average, research analysts predict that International Flavors & Fragrances Inc. will post 4.32 earnings per share for the current fiscal 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.