Investors Buy International Flavors & Fragrances (IFF) on Weakness

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Investors purchased shares of International Flavors & Fragrances Inc (NYSE:IFF) on weakness during trading hours on Monday. $86.81 million flowed into the stock on the tick-up and $65.61 million flowed out of the stock on the tick-down, for a money net flow of $21.20 million into the stock. Of all companies tracked, International Flavors & Fragrances had the 14th highest net in-flow for the day. International Flavors & Fragrances traded down ($0.65) for the day and closed at $132.01

Several research analysts recently commented on the stock. ValuEngine lowered shares of International Flavors & Fragrances from a “buy” rating to a “hold” rating in a research note on Wednesday, November 21st. Raymond James lowered shares of International Flavors & Fragrances from a “market perform” rating to an “underperform” rating and set a $135.00 price objective for the company. in a research note on Friday, November 16th. Barclays reiterated a “sell” rating on shares of International Flavors & Fragrances in a research note on Monday. Zacks Investment Research upgraded shares of International Flavors & Fragrances from a “sell” rating to a “hold” rating in a research note on Monday, January 21st. Finally, Citigroup started coverage on shares of International Flavors & Fragrances in a research note on Friday, November 16th. They set a “neutral” rating and a $152.00 price target on the stock. Four equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and two have assigned a buy rating to the company. International Flavors & Fragrances has an average rating of “Hold” and an average target price of $143.63.

The company has a debt-to-equity ratio of 0.75, a quick ratio of 1.65 and a current ratio of 2.61. The company has a market cap of $14.07 billion, a PE ratio of 20.40, a P/E/G ratio of 2.43 and a beta of 0.83.

International Flavors & Fragrances (NYSE:IFF) last issued its quarterly earnings results on Wednesday, February 13th. The specialty chemicals company reported $1.22 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $1.29 by ($0.07). International Flavors & Fragrances had a net margin of 8.48% and a return on equity of 15.56%. The company had revenue of $1.22 billion for the quarter, compared to analyst estimates of $1.24 billion. During the same quarter in the previous year, the company posted $1.40 EPS. The company’s revenue for the quarter was up 42.6% compared to the same quarter last year. Research analysts forecast that International Flavors & Fragrances Inc will post 6.03 earnings per share for the current year.

In other International Flavors & Fragrances news, major shareholder Winder Investment Pte Ltd acquired 42,598 shares of the company’s stock in a transaction dated Monday, December 10th. The shares were acquired at an average cost of $135.91 per share, with a total value of $5,789,494.18. Following the acquisition, the insider now directly owns 18,488,413 shares of the company’s stock, valued at $2,512,760,210.83. The purchase was disclosed in a document filed with the SEC, which is accessible through the SEC website. Insiders have acquired a total of 1,150,066 shares of company stock worth $151,730,402 in the last 90 days. 0.50% of the stock is currently owned by company insiders.

A number of institutional investors have recently added to or reduced their stakes in the stock. JOYN Advisors Inc. boosted its stake in shares of International Flavors & Fragrances by 65.5% in the fourth quarter. JOYN Advisors Inc. now owns 187 shares of the specialty chemicals company’s stock valued at $25,000 after purchasing an additional 74 shares during the period. Massey Quick Simon & CO. LLC acquired a new position in shares of International Flavors & Fragrances in the 4th quarter valued at $27,000. Fort L.P. increased its holdings in shares of International Flavors & Fragrances by 365.3% in the 4th quarter. Fort L.P. now owns 228 shares of the specialty chemicals company’s stock valued at $31,000 after acquiring an additional 179 shares during the period. Penserra Capital Management LLC purchased a new position in International Flavors & Fragrances in the 4th quarter valued at $37,000. Finally, Kaizen Advisory LLC grew its position in International Flavors & Fragrances by 50.3% in the 4th quarter. Kaizen Advisory LLC now owns 272 shares of the specialty chemicals company’s stock valued at $37,000 after buying an additional 91 shares during the last quarter. Hedge funds and other institutional investors own 79.94% of the company’s stock.

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International Flavors & Fragrances Company Profile (NYSE:IFF)

International Flavors & Fragrances Inc, together with its subsidiaries, manufactures flavors and fragrances for use in various consumer products. It operates through two segments, Flavors and Fragrances. The Flavors segment offers flavor compounds primarily to the food and beverage industries for use in consumer products, such as prepared foods, beverages, dairy, food, and sweet products.

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