International Flavors & Fragrances Sees Unusually Large Options Volume (NYSE:IFF)

International Flavors & Fragrances Inc. (NYSE:IFFGet Rating) was the target of unusually large options trading activity on Monday. Stock investors purchased 15,889 call options on the company. This is an increase of 1,294% compared to the average daily volume of 1,140 call options.

International Flavors & Fragrances Stock Down 1.5 %

Shares of NYSE:IFF opened at $97.91 on Wednesday. The firm has a fifty day moving average price of $96.66 and a two-hundred day moving average price of $112.83. The company has a debt-to-equity ratio of 0.61, a current ratio of 1.79 and a quick ratio of 0.93. International Flavors & Fragrances has a one year low of $83.14 and a one year high of $154.03. The company has a market cap of $24.96 billion, a price-to-earnings ratio of -14.23, a PEG ratio of 3.69 and a beta of 1.05.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the company. Covestor Ltd boosted its holdings in International Flavors & Fragrances by 48.8% in the 1st quarter. Covestor Ltd now owns 244 shares of the specialty chemicals company’s stock valued at $32,000 after purchasing an additional 80 shares during the period. Riverview Trust Co raised its position in shares of International Flavors & Fragrances by 64.1% during the 3rd quarter. Riverview Trust Co now owns 274 shares of the specialty chemicals company’s stock valued at $25,000 after buying an additional 107 shares in the last quarter. Asset Dedication LLC purchased a new stake in shares of International Flavors & Fragrances during the 3rd quarter valued at $25,000. EverSource Wealth Advisors LLC raised its position in shares of International Flavors & Fragrances by 209.6% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 322 shares of the specialty chemicals company’s stock valued at $38,000 after buying an additional 218 shares in the last quarter. Finally, CI Investments Inc. raised its position in shares of International Flavors & Fragrances by 1,003.2% during the 3rd quarter. CI Investments Inc. now owns 342 shares of the specialty chemicals company’s stock valued at $31,000 after buying an additional 311 shares in the last quarter. 89.74% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on IFF shares. Deutsche Bank Aktiengesellschaft reduced their price objective on shares of International Flavors & Fragrances from $115.00 to $110.00 in a research report on Friday, November 11th. StockNews.com downgraded shares of International Flavors & Fragrances from a “hold” rating to a “sell” rating in a research report on Thursday, November 10th. Wells Fargo & Company decreased their price target on shares of International Flavors & Fragrances from $107.00 to $105.00 and set an “overweight” rating for the company in a research note on Wednesday, November 9th. Barclays raised their price target on shares of International Flavors & Fragrances to $83.00 in a research note on Tuesday. Finally, Credit Suisse Group decreased their price target on shares of International Flavors & Fragrances from $145.00 to $130.00 and set an “outperform” rating for the company in a research note on Tuesday, November 8th. Two equities research analysts have rated the stock with a sell rating, five have issued a hold rating and ten have given a buy rating to the stock. According to MarketBeat.com, International Flavors & Fragrances has an average rating of “Hold” and a consensus price target of $123.69.

About International Flavors & Fragrances

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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.

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