International Flavors & Fragrances Inc. $IFF Shares Sold by Marco Investment Management LLC

Marco Investment Management LLC trimmed its stake in shares of International Flavors & Fragrances Inc. (NYSE:IFF) by 72.2% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,525 shares of the specialty chemicals company’s stock after selling 11,730 shares during the quarter. Marco Investment Management LLC’s holdings in International Flavors & Fragrances were worth $278,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of the stock. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in shares of International Flavors & Fragrances by 5.3% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 26,315 shares of the specialty chemicals company’s stock worth $2,042,000 after buying an additional 1,335 shares in the last quarter. Jones Financial Companies Lllp raised its holdings in International Flavors & Fragrances by 15.7% in the first quarter. Jones Financial Companies Lllp now owns 3,976 shares of the specialty chemicals company’s stock valued at $309,000 after acquiring an additional 539 shares in the last quarter. Empowered Funds LLC lifted its stake in International Flavors & Fragrances by 71.5% in the first quarter. Empowered Funds LLC now owns 10,454 shares of the specialty chemicals company’s stock worth $811,000 after acquiring an additional 4,358 shares during the last quarter. Focus Partners Wealth grew its holdings in International Flavors & Fragrances by 25.5% during the 1st quarter. Focus Partners Wealth now owns 7,527 shares of the specialty chemicals company’s stock worth $584,000 after acquiring an additional 1,530 shares in the last quarter. Finally, Geneos Wealth Management Inc. increased its position in shares of International Flavors & Fragrances by 55.7% in the 1st quarter. Geneos Wealth Management Inc. now owns 587 shares of the specialty chemicals company’s stock valued at $46,000 after purchasing an additional 210 shares during the last quarter. Hedge funds and other institutional investors own 96.02% of the company’s stock.

International Flavors & Fragrances Stock Up 1.0%

Shares of NYSE IFF opened at $70.42 on Wednesday. The business has a 50-day moving average price of $68.31 and a 200 day moving average price of $66.52. The stock has a market cap of $18.03 billion, a PE ratio of -43.47, a price-to-earnings-growth ratio of 2.63 and a beta of 1.05. The company has a quick ratio of 0.87, a current ratio of 1.44 and a debt-to-equity ratio of 0.33. International Flavors & Fragrances Inc. has a 52-week low of $59.14 and a 52-week high of $87.16.

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

Wall Street Analyst Weigh In

IFF has been the subject of several recent analyst reports. Citigroup lifted their price objective on shares of International Flavors & Fragrances from $77.00 to $83.00 and gave the stock a “buy” rating in a research report on Wednesday, January 21st. Barclays raised their price target on International Flavors & Fragrances from $75.00 to $78.00 and gave the company an “overweight” rating in a research note on Friday, January 16th. Argus upped their price objective on 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 International Flavors & Fragrances from a “sell” rating to a “hold” rating in a report on Sunday, January 4th. Finally, UBS Group boosted their target price on International Flavors & Fragrances from $68.00 to $71.00 and gave the stock a “neutral” rating in a research note on Monday, January 12th. Twelve research analysts have rated the stock with a Buy rating, four have given a Hold rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat, International Flavors & Fragrances presently has a consensus rating of “Moderate Buy” and an average target price 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.