Meeder Asset Management Inc. Trims Stock Position in International Flavors & Fragrances Inc. (NYSE:IFF)

Meeder Asset Management Inc. cut its stake in shares of International Flavors & Fragrances Inc. (NYSE:IFFGet Rating) by 11.9% in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 958 shares of the specialty chemicals company’s stock after selling 129 shares during the period. Meeder Asset Management Inc.’s holdings in International Flavors & Fragrances were worth $114,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in IFF. Illinois Municipal Retirement Fund increased its position in International Flavors & Fragrances by 81.9% during the 2nd quarter. Illinois Municipal Retirement Fund now owns 4,977 shares of the specialty chemicals company’s stock worth $593,000 after purchasing an additional 2,241 shares during the period. KBC Group NV increased its position in International Flavors & Fragrances by 1.8% during the 2nd quarter. KBC Group NV now owns 16,147 shares of the specialty chemicals company’s stock worth $1,923,000 after purchasing an additional 287 shares during the period. Exchange Traded Concepts LLC increased its position in International Flavors & Fragrances by 71.6% during the 1st quarter. Exchange Traded Concepts LLC now owns 3,705 shares of the specialty chemicals company’s stock worth $487,000 after purchasing an additional 1,546 shares during the period. US Bancorp DE increased its position in International Flavors & Fragrances by 3.3% during the 2nd quarter. US Bancorp DE now owns 19,923 shares of the specialty chemicals company’s stock worth $2,373,000 after purchasing an additional 643 shares during the period. Finally, FDx Advisors Inc. increased its position in International Flavors & Fragrances by 15.7% during the 1st quarter. FDx Advisors Inc. now owns 8,657 shares of the specialty chemicals company’s stock worth $1,137,000 after purchasing an additional 1,173 shares during the period. 89.74% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research firms have issued reports on IFF. Credit Suisse Group dropped their target price on International Flavors & Fragrances from $145.00 to $130.00 and set an “outperform” rating on the stock in a research report on Tuesday, November 8th. JPMorgan Chase & Co. cut International Flavors & Fragrances from an “overweight” rating to a “neutral” rating and lowered their price target for the stock from $125.00 to $96.00 in a report on Wednesday. Robert W. Baird lowered their price target on International Flavors & Fragrances from $140.00 to $120.00 and set an “outperform” rating on the stock in a report on Wednesday. Deutsche Bank Aktiengesellschaft lowered their price target on International Flavors & Fragrances from $115.00 to $110.00 in a report on Friday. Finally, Societe Generale lowered their price target on International Flavors & Fragrances from $170.00 to $145.00 and set a “buy” rating on the stock in a report on Wednesday. Two analysts have rated the stock with a sell rating, five have assigned a hold rating and ten have given a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $125.06.

International Flavors & Fragrances Trading Up 4.7 %

Shares of International Flavors & Fragrances stock opened at $100.54 on Friday. International Flavors & Fragrances Inc. has a fifty-two week low of $83.14 and a fifty-two week high of $155.00. The firm has a market cap of $25.63 billion, a PE ratio of -14.61, a P/E/G ratio of 2.05 and a beta of 1.05. The business’s fifty day moving average is $97.07 and its two-hundred day moving average is $113.29. The company has a quick ratio of 1.00, a current ratio of 1.79 and a debt-to-equity ratio of 0.61.

International Flavors & Fragrances Company Profile

(Get Rating)

International Flavors & Fragrances Inc, together with its subsidiaries, manufactures and sells cosmetic active and natural health ingredients for use in various consumer products in Europe, Africa, the Middle East, Greater Asia, North America, and Latin America. It operates through Nourish, Scent, Health & Biosciences, and Pharma Solutions segments.

Further Reading

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Institutional Ownership by Quarter for International Flavors & Fragrances (NYSE:IFF)

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