International Flavors & Fragrances Inc. (NYSE:IFF) Stake Trimmed by Amalgamated Bank

Amalgamated Bank trimmed its position in International Flavors & Fragrances Inc. (NYSE:IFF) by 5.0% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 49,316 shares of the specialty chemicals company’s stock after selling 2,578 shares during the period. Amalgamated Bank’s holdings in International Flavors & Fragrances were worth $4,170,000 at the end of the most recent quarter.

Several other institutional investors have also made changes to their positions in IFF. State Street Corp boosted its stake in International Flavors & Fragrances by 1.9% in the 3rd 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 lifted its holdings in shares of International Flavors & Fragrances by 1.3% in the third quarter. Geode Capital Management LLC now owns 6,008,830 shares of the specialty chemicals company’s stock valued at $628,341,000 after purchasing an additional 77,521 shares in the last quarter. Van ECK Associates Corp boosted its position in shares of International Flavors & Fragrances by 41.6% in 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 buying an additional 1,663,629 shares during the period. Nordea Investment Management AB grew its holdings in shares of 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 valued at $464,926,000 after buying an additional 1,121,414 shares in the last quarter. Finally, Bank of New York Mellon Corp raised its position in International Flavors & Fragrances by 0.9% during the fourth quarter. Bank of New York Mellon Corp now owns 1,879,317 shares of the specialty chemicals company’s stock valued at $158,896,000 after buying an additional 17,372 shares during the period. 96.02% of the stock is owned by hedge funds and other institutional investors.

International Flavors & Fragrances Stock Up 1.1 %

IFF opened at $81.96 on Friday. International Flavors & Fragrances Inc. has a twelve month low of $73.82 and a twelve month high of $106.77. The company has a debt-to-equity ratio of 0.54, a quick ratio of 1.93 and a current ratio of 1.84. The business has a 50 day moving average price of $84.16 and a 200 day moving average price of $92.93. The firm has a market cap of $20.96 billion, a P/E ratio of 87.19, a price-to-earnings-growth ratio of 1.45 and a beta of 1.19.

International Flavors & Fragrances (NYSE:IFF) last posted its quarterly earnings data on Tuesday, February 18th. The specialty chemicals company reported $0.97 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.83 by $0.14. The business had revenue of $2.77 billion during the quarter, compared to the consensus estimate of $2.67 billion. International Flavors & Fragrances had a net margin of 2.12% and a return on equity of 7.72%. Research analysts forecast that International Flavors & Fragrances Inc. will post 4.32 EPS for the current year.

Wall Street Analysts Forecast Growth

IFF has been the subject of a number of research reports. UBS Group raised their price objective on International Flavors & Fragrances from $108.00 to $111.00 and gave the stock a “neutral” rating in a research report on Wednesday, November 6th. Stifel Nicolaus decreased their price target on shares of International Flavors & Fragrances from $113.00 to $105.00 and set a “buy” rating for the company in a report on Monday, February 3rd. Morgan Stanley upgraded shares of International Flavors & Fragrances from an “equal weight” rating to an “overweight” rating and dropped their price objective for the company from $111.00 to $110.00 in a research note on Tuesday, November 12th. Bank of America decreased their target price on shares of International Flavors & Fragrances from $105.00 to $101.00 and set a “buy” rating for the company in a research note on Thursday, February 20th. Finally, Barclays dropped their price target on shares of International Flavors & Fragrances from $90.00 to $88.00 and set an “equal weight” rating on the stock in a research note on Friday, January 17th. 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. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $103.50.

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.