Aberdeen Group plc Decreases Holdings in International Flavors & Fragrances Inc. $IFF

Aberdeen Group plc reduced its stake in shares of International Flavors & Fragrances Inc. (NYSE:IFF) by 27.3% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 171,675 shares of the specialty chemicals company’s stock after selling 64,349 shares during the quarter. Aberdeen Group plc owned about 0.07% of International Flavors & Fragrances worth $10,465,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of the stock. State of Michigan Retirement System lifted its position in International Flavors & Fragrances by 0.3% in the second quarter. State of Michigan Retirement System now owns 69,515 shares of the specialty chemicals company’s stock worth $5,113,000 after buying an additional 200 shares during the last quarter. Central Pacific Bank Trust Division lifted its holdings in shares of International Flavors & Fragrances by 1.9% in the 3rd quarter. Central Pacific Bank Trust Division now owns 10,900 shares of the specialty chemicals company’s stock worth $671,000 after acquiring an additional 200 shares during the last quarter. Truist Financial Corp grew its holdings in International Flavors & Fragrances by 2.3% during the 3rd quarter. Truist Financial Corp now owns 9,090 shares of the specialty chemicals company’s stock valued at $559,000 after purchasing an additional 203 shares during the last quarter. Geneos Wealth Management Inc. raised its position in 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 worth $46,000 after purchasing an additional 210 shares during the period. Finally, Steward Partners Investment Advisory LLC boosted its position in shares of International Flavors & Fragrances by 2.5% during the second quarter. Steward Partners Investment Advisory LLC now owns 8,736 shares of the specialty chemicals company’s stock valued at $643,000 after buying an additional 213 shares during the period. 96.02% of the stock is owned by institutional investors.

International Flavors & Fragrances Trading Down 1.6%

Shares of NYSE:IFF opened at $81.63 on Friday. The company has a quick ratio of 0.85, a current ratio of 1.42 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 $84.45. The business has a 50-day moving average price of $71.11 and a 200-day moving average price of $66.99. The stock has a market cap of $20.91 billion, a price-to-earnings ratio of -59.58, a PEG ratio of 2.16 and a beta of 1.05.

International Flavors & Fragrances (NYSE:IFF) last released its quarterly earnings data on Wednesday, February 11th. The specialty chemicals company reported $0.80 earnings per share for the quarter, missing analysts’ consensus estimates of $0.85 by ($0.05). The business had revenue of $2.59 billion during the quarter, compared to analyst estimates of $2.52 billion. International Flavors & Fragrances had a positive return on equity of 7.67% and a negative net margin of 3.20%.The firm’s revenue was down 6.6% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.97 EPS. Equities analysts predict that International Flavors & Fragrances Inc. will post 4.32 EPS for the current year.

Analyst Upgrades and Downgrades

IFF has been the topic of several recent analyst reports. Wall Street Zen upgraded International Flavors & Fragrances from a “sell” rating to a “hold” rating in a report on Sunday, January 4th. Oppenheimer upgraded International Flavors & Fragrances from a “market perform” rating to an “outperform” rating and set a $97.00 target price on the stock in a research note on Friday, February 13th. Mizuho boosted their price objective on shares of International Flavors & Fragrances from $75.00 to $85.00 and gave the company an “outperform” rating in a research report on Thursday, February 12th. Bank of America boosted their price target on International Flavors & Fragrances from $84.00 to $88.00 and gave the company a “buy” rating in a report on Thursday, January 8th. Finally, Argus raised their price objective on International Flavors & Fragrances from $70.00 to $80.00 and gave the stock a “buy” rating in a report on Thursday, January 22nd. Thirteen research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $91.17.

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.