Assetmark Inc. Has $435,000 Stake in International Flavors & Fragrances Inc. $IFF

Assetmark Inc. cut its stake in International Flavors & Fragrances Inc. (NYSE:IFF) by 69.3% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 7,072 shares of the specialty chemicals company’s stock after selling 15,990 shares during the quarter. Assetmark Inc.’s holdings in International Flavors & Fragrances were worth $435,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently modified their holdings of the stock. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in International Flavors & Fragrances by 5.3% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 26,315 shares of the specialty chemicals company’s stock valued at $2,042,000 after buying an additional 1,335 shares during the last quarter. Jones Financial Companies Lllp lifted its position in shares of International Flavors & Fragrances by 15.7% during the first quarter. Jones Financial Companies Lllp now owns 3,976 shares of the specialty chemicals company’s stock valued at $309,000 after purchasing an additional 539 shares in the last quarter. Empowered Funds LLC boosted its holdings in International Flavors & Fragrances by 71.5% during the first quarter. Empowered Funds LLC now owns 10,454 shares of the specialty chemicals company’s stock worth $811,000 after purchasing an additional 4,358 shares during the last quarter. Focus Partners Wealth grew its position in International Flavors & Fragrances by 25.5% in the 1st quarter. Focus Partners Wealth now owns 7,527 shares of the specialty chemicals company’s stock worth $584,000 after purchasing an additional 1,530 shares in the last quarter. Finally, Geneos Wealth Management Inc. increased its stake 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 valued at $46,000 after buying 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 Down 0.3%

Shares of NYSE IFF opened at $81.37 on Friday. The company has a debt-to-equity ratio of 0.33, a current ratio of 1.42 and a quick ratio of 0.85. The stock has a market capitalization of $20.84 billion, a PE ratio of -59.39, a P/E/G ratio of 2.12 and a beta of 1.05. International Flavors & Fragrances Inc. has a one year low of $59.14 and a one year high of $84.45. The business’s fifty day moving average price is $71.47 and its 200-day moving average price is $67.04.

International Flavors & Fragrances (NYSE:IFF) last announced its quarterly earnings data on Wednesday, February 11th. The specialty chemicals company reported $0.80 earnings per share for the quarter, missing the consensus estimate of $0.85 by ($0.05). The firm had revenue of $2.59 billion during the quarter, compared to analysts’ expectations 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 company’s revenue was down 6.6% compared to the same quarter last year. During the same period last year, the business posted $0.97 EPS. On average, equities research analysts anticipate that International Flavors & Fragrances Inc. will post 4.32 EPS for the current year.

Analysts Set New Price Targets

IFF has been the topic of a number of research analyst reports. Mizuho boosted their target price on International Flavors & Fragrances from $75.00 to $85.00 and gave the stock an “outperform” rating in a research note on Thursday, February 12th. Wells Fargo & Company boosted their price objective on International Flavors & Fragrances from $85.00 to $100.00 and gave the stock an “overweight” rating in a research report on Friday, February 13th. Argus raised their target price on International Flavors & Fragrances from $70.00 to $80.00 and gave the company a “buy” rating in a research report on Thursday, January 22nd. BNP Paribas Exane cut their price target on shares of International Flavors & Fragrances from $89.00 to $88.00 and set an “outperform” rating on the stock in a report on Friday, February 13th. Finally, Bank of America increased their price target on shares of International Flavors & Fragrances from $84.00 to $88.00 and gave the company a “buy” rating in a research report on Thursday, January 8th. Thirteen analysts have rated the stock with a Buy rating, three have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $91.17.

International Flavors & Fragrances Profile

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.