9,647 Shares in International Flavors & Fragrances Inc. $IFF Bought by AXQ Capital LP

AXQ Capital LP purchased a new stake in shares of International Flavors & Fragrances Inc. (NYSE:IFF) during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 9,647 shares of the specialty chemicals company’s stock, valued at approximately $594,000.

Several other hedge funds have also recently made changes to their positions in the business. True Wealth Design LLC grew its stake in International Flavors & Fragrances by 896.4% during the third quarter. True Wealth Design LLC now owns 548 shares of the specialty chemicals company’s stock worth $34,000 after purchasing an additional 493 shares during the period. Geneos Wealth Management Inc. boosted its holdings in shares of International Flavors & Fragrances by 55.7% during the 1st quarter. Geneos Wealth Management Inc. now owns 587 shares of the specialty chemicals company’s stock worth $46,000 after buying an additional 210 shares in the last quarter. Elkhorn Partners Limited Partnership grew its position in shares of International Flavors & Fragrances by 200.0% during the 2nd quarter. Elkhorn Partners Limited Partnership now owns 600 shares of the specialty chemicals company’s stock worth $44,000 after buying an additional 400 shares during the period. CYBER HORNET ETFs LLC bought a new stake in shares of International Flavors & Fragrances in the 2nd quarter valued at $49,000. Finally, Transamerica Financial Advisors LLC lifted its position in shares of International Flavors & Fragrances by 884.1% during the 2nd quarter. Transamerica Financial Advisors LLC now owns 679 shares of the specialty chemicals company’s stock valued at $50,000 after acquiring an additional 610 shares during the period. 96.02% of the stock is owned by institutional investors.

International Flavors & Fragrances Stock Performance

Shares of International Flavors & Fragrances stock opened at $82.11 on Wednesday. International Flavors & Fragrances Inc. has a 52 week low of $59.14 and a 52 week high of $84.45. The company has a quick ratio of 0.85, a current ratio of 1.42 and a debt-to-equity ratio of 0.33. The business has a 50 day moving average price of $72.18 and a 200-day moving average price of $67.31. The company has a market cap of $21.03 billion, a PE ratio of -59.93, a price-to-earnings-growth ratio of 2.14 and a beta of 1.05.

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

Wall Street Analyst Weigh In

IFF has been the subject of several research analyst reports. BNP Paribas Exane decreased their price target on shares of International Flavors & Fragrances from $89.00 to $88.00 and set an “outperform” rating for the company in a research note 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 note on Thursday, January 22nd. Wells Fargo & Company upped their price target on International Flavors & Fragrances from $85.00 to $100.00 and gave the stock an “overweight” 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, Mizuho upped their target price on International Flavors & Fragrances from $75.00 to $85.00 and gave the stock an “outperform” rating in a research report on Thursday, February 12th. Thirteen equities 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 company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $91.17.

International Flavors & Fragrances Company 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.