International Flavors & Fragrances Inc. $IFF Shares Purchased by Bleakley Financial Group LLC

Bleakley Financial Group LLC raised its holdings in International Flavors & Fragrances Inc. (NYSE:IFF) by 108.5% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 29,327 shares of the specialty chemicals company’s stock after buying an additional 15,260 shares during the period. Bleakley Financial Group LLC’s holdings in International Flavors & Fragrances were worth $1,805,000 as of its most recent SEC filing.

Several other hedge funds also recently added to or reduced their stakes in IFF. First Eagle Investment Management LLC lifted its stake in International Flavors & Fragrances by 122.1% in the second quarter. First Eagle Investment Management LLC now owns 5,441,094 shares of the specialty chemicals company’s stock valued at $400,192,000 after buying an additional 2,991,405 shares during the last quarter. Ilex Capital Partners UK LLP acquired a new position in International Flavors & Fragrances in the second quarter valued at $212,090,000. Ameriprise Financial Inc. boosted its stake in shares of International Flavors & Fragrances by 1,842.0% during the second quarter. Ameriprise Financial Inc. now owns 2,491,606 shares of the specialty chemicals company’s stock worth $183,264,000 after buying an additional 2,363,307 shares during the period. Norges Bank purchased a new position in shares of International Flavors & Fragrances during the second quarter worth about $152,736,000. Finally, Dodge & Cox increased its position in International Flavors & Fragrances by 3.8% in the 2nd quarter. Dodge & Cox now owns 35,047,387 shares of the specialty chemicals company’s stock valued at $2,577,735,000 after acquiring an additional 1,272,780 shares during the period. 96.02% of the stock is currently owned by hedge funds and other institutional investors.

International Flavors & Fragrances Stock Performance

Shares of International Flavors & Fragrances stock opened at $82.15 on Tuesday. The company has a debt-to-equity ratio of 0.33, a quick ratio of 0.85 and a current ratio of 1.42. The firm has a market cap of $21.04 billion, a PE ratio of -59.96, a price-to-earnings-growth ratio of 2.12 and a beta of 1.05. International Flavors & Fragrances Inc. has a 1 year low of $59.14 and a 1 year high of $84.45. The firm’s 50-day simple moving average is $71.83 and its 200-day simple moving average is $67.18.

International Flavors & Fragrances (NYSE:IFF) last issued its earnings results 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). International Flavors & Fragrances had a positive return on equity of 7.67% and a negative net margin of 3.20%.The business had revenue of $2.59 billion for the quarter, compared to analyst estimates of $2.52 billion. During the same period last year, the company posted $0.97 earnings per share. The firm’s revenue for the quarter was down 6.6% on a year-over-year basis. Equities analysts forecast that International Flavors & Fragrances Inc. will post 4.32 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on IFF shares. Argus increased their price target on International Flavors & Fragrances from $70.00 to $80.00 and gave the stock a “buy” rating in a report on Thursday, January 22nd. Mizuho lifted their target price on shares of International Flavors & Fragrances from $75.00 to $85.00 and gave the company an “outperform” rating in a report on Thursday, February 12th. UBS Group upped their price target on shares of International Flavors & Fragrances from $71.00 to $85.00 and gave the stock a “neutral” rating in a research note on Friday, February 13th. Barclays raised their price objective on International Flavors & Fragrances from $78.00 to $91.00 and gave the company an “overweight” rating in a research note on Friday, February 13th. Finally, Berenberg Bank reduced their price target on shares of International Flavors & Fragrances from $78.30 to $77.50 and set a “hold” rating on the stock in a report on Thursday, February 5th. Thirteen equities research analysts have rated the stock with a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price 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.