International Flavors & Fragrances Inc. (NYSE:IFF) Shares Sold by Cerity Partners LLC

Cerity Partners LLC trimmed its holdings in shares of International Flavors & Fragrances Inc. (NYSE:IFFGet Rating) by 57.0% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,885 shares of the specialty chemicals company’s stock after selling 2,502 shares during the quarter. Cerity Partners LLC’s holdings in International Flavors & Fragrances were worth $225,000 as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. Covestor Ltd increased its position in shares of International Flavors & Fragrances by 48.8% during the first quarter. Covestor Ltd now owns 244 shares of the specialty chemicals company’s stock worth $32,000 after purchasing an additional 80 shares in the last quarter. EverSource Wealth Advisors LLC increased its position in shares of International Flavors & Fragrances by 209.6% during the second quarter. EverSource Wealth Advisors LLC now owns 322 shares of the specialty chemicals company’s stock worth $38,000 after purchasing an additional 218 shares in the last quarter. CX Institutional purchased a new stake in shares of International Flavors & Fragrances during the second quarter worth approximately $60,000. Parkside Financial Bank & Trust increased its position in shares of International Flavors & Fragrances by 79.6% during the second quarter. Parkside Financial Bank & Trust now owns 528 shares of the specialty chemicals company’s stock worth $63,000 after purchasing an additional 234 shares in the last quarter. Finally, Clear Street Markets LLC increased its position in shares of International Flavors & Fragrances by 412.5% during the second quarter. Clear Street Markets LLC now owns 533 shares of the specialty chemicals company’s stock worth $63,000 after purchasing an additional 429 shares in the last quarter. 89.74% of the stock is owned by institutional investors and hedge funds.

International Flavors & Fragrances Stock Performance

Shares of International Flavors & Fragrances stock opened at $99.82 on Wednesday. The business’s fifty day simple moving average is $95.15 and its 200-day simple moving average is $111.97. International Flavors & Fragrances Inc. has a 52 week low of $83.14 and a 52 week high of $151.86. The company has a quick ratio of 0.93, a current ratio of 1.79 and a debt-to-equity ratio of 0.61. The firm has a market cap of $25.45 billion, a PE ratio of -14.51, a price-to-earnings-growth ratio of 3.61 and a beta of 1.05.

Analyst Ratings Changes

Several brokerages recently commented on IFF. Barclays boosted their price target on International Flavors & Fragrances to $83.00 in a research report on Tuesday, November 15th. Societe Generale dropped their target price on International Flavors & Fragrances from $170.00 to $145.00 and set a “buy” rating for the company in a report on Wednesday, November 9th. Robert W. Baird dropped their target price on International Flavors & Fragrances from $140.00 to $120.00 and set an “outperform” rating for the company in a report on Wednesday, November 9th. Morgan Stanley dropped their target price on International Flavors & Fragrances from $149.00 to $136.00 and set an “overweight” rating for the company in a report on Monday, September 26th. Finally, The Goldman Sachs Group dropped their target price on International Flavors & Fragrances from $159.00 to $142.00 and set a “buy” rating for the company in a report on Tuesday, October 18th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and ten have given a buy rating to the company. According to MarketBeat.com, International Flavors & Fragrances has a consensus rating of “Moderate Buy” and a consensus price target of $123.69.

International Flavors & Fragrances Company Profile

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

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