International Flavors & Fragrances Inc. $IFF Shares Purchased by Strengthening Families & Communities LLC

Strengthening Families & Communities LLC increased its holdings in International Flavors & Fragrances Inc. (NYSE:IFF) by 2,327.3% in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 23,521 shares of the specialty chemicals company’s stock after purchasing an additional 22,552 shares during the quarter. Strengthening Families & Communities LLC’s holdings in International Flavors & Fragrances were worth $1,499,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. Allspring Global Investments Holdings LLC raised its stake in International Flavors & Fragrances by 32.2% in the 2nd quarter. Allspring Global Investments Holdings LLC now owns 111,431 shares of the specialty chemicals company’s stock valued at $8,367,000 after purchasing an additional 27,166 shares during the last quarter. Clarkston Capital Partners LLC acquired a new stake in shares of International Flavors & Fragrances in the second quarter valued at about $11,939,000. Creative Planning raised its position in shares of International Flavors & Fragrances by 347.5% in the second quarter. Creative Planning now owns 85,345 shares of the specialty chemicals company’s stock valued at $6,277,000 after buying an additional 66,273 shares during the last quarter. State Street Corp lifted its stake in shares of International Flavors & Fragrances by 3.6% in the second quarter. State Street Corp now owns 10,884,974 shares of the specialty chemicals company’s stock worth $804,753,000 after buying an additional 381,593 shares in the last quarter. Finally, AGF Management Ltd. boosted its position in International Flavors & Fragrances by 17.0% during the second quarter. AGF Management Ltd. now owns 39,614 shares of the specialty chemicals company’s stock worth $2,914,000 after acquiring an additional 5,754 shares during the last quarter. 96.02% of the stock is currently owned by hedge funds and other institutional investors.

International Flavors & Fragrances Trading Down 0.1%

IFF opened at $69.76 on Tuesday. The business has a fifty day moving average price of $68.28 and a 200 day moving average price of $66.56. The company has a debt-to-equity ratio of 0.33, a current ratio of 1.44 and a quick ratio of 0.87. International Flavors & Fragrances Inc. has a 12 month low of $59.14 and a 12 month high of $87.16. The stock has a market capitalization of $17.86 billion, a price-to-earnings ratio of -43.06, a PEG ratio of 2.64 and a beta of 1.04.

International Flavors & Fragrances (NYSE:IFF) last announced its quarterly earnings data on Tuesday, November 4th. The specialty chemicals company reported $1.05 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.02 by $0.03. International Flavors & Fragrances had a positive return on equity of 8.03% and a negative net margin of 3.72%.The business had revenue of $2.69 billion during the quarter, compared to analysts’ expectations of $2.65 billion. During the same quarter last year, the business posted $1.04 EPS. The business’s quarterly revenue was down 7.9% compared to the same quarter last year. Sell-side analysts expect that International Flavors & Fragrances Inc. will post 4.32 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several analysts have issued reports on the company. UBS Group upped their target price on International Flavors & Fragrances from $68.00 to $71.00 and gave the company a “neutral” rating in a report on Monday, January 12th. Argus raised their price objective on shares of International Flavors & Fragrances from $70.00 to $80.00 and gave the stock a “buy” rating in a research report on Thursday, January 22nd. Wall Street Zen upgraded shares of International Flavors & Fragrances from a “sell” rating to a “hold” rating in a report on Sunday, January 4th. Citigroup raised their price target on shares of International Flavors & Fragrances from $77.00 to $83.00 and gave the stock a “buy” rating in a report on Wednesday, January 21st. Finally, Weiss Ratings reiterated a “sell (d-)” rating on shares of International Flavors & Fragrances in a report on Monday, December 29th. Twelve analysts have rated the stock with a Buy rating, four have given a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $86.46.

About International Flavors & Fragrances

International Flavors & Fragrances Inc (NYSE:IFF) is a global leader in the creation and production of flavors, fragrances, cosmetic actives and nutritional lipids. The company develops taste and scent solutions for a wide array of end markets including food and beverage, personal care, household goods and pharmaceutical products. Its portfolio spans natural and nature-identical flavors, fine fragrances, functional ingredients for skin and hair care, and specialty oils that enhance nutritional value and sensory appeal.

IFF’s research and development network comprises innovation centers in North America, Europe, Asia-Pacific and Latin America, where multidisciplinary teams collaborate on aroma chemistry, sensory science and biotechnology.