IQ EQ FUND MANAGEMENT IRELAND Ltd Has $2.37 Million Holdings in International Flavors & Fragrances Inc. $IFF

IQ EQ FUND MANAGEMENT IRELAND Ltd decreased its position in shares of International Flavors & Fragrances Inc. (NYSE:IFF) by 22.6% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 38,440 shares of the specialty chemicals company’s stock after selling 11,214 shares during the period. IQ EQ FUND MANAGEMENT IRELAND Ltd’s holdings in International Flavors & Fragrances were worth $2,366,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also modified their holdings of the business. Bessemer Group Inc. increased its holdings in International Flavors & Fragrances by 156.2% during the 3rd quarter. Bessemer Group Inc. now owns 7,164 shares of the specialty chemicals company’s stock valued at $441,000 after purchasing an additional 4,368 shares in the last quarter. Savant Capital LLC increased its stake in shares of International Flavors & Fragrances by 696.8% in the third quarter. Savant Capital LLC now owns 38,931 shares of the specialty chemicals company’s stock valued at $2,396,000 after buying an additional 34,045 shares in the last quarter. J.W. Cole Advisors Inc. raised its holdings in shares of International Flavors & Fragrances by 31.0% in the third quarter. J.W. Cole Advisors Inc. now owns 4,114 shares of the specialty chemicals company’s stock valued at $253,000 after buying an additional 974 shares during the last quarter. Evermay Wealth Management LLC lifted its position in International Flavors & Fragrances by 150.0% during the 3rd quarter. Evermay Wealth Management LLC now owns 1,100 shares of the specialty chemicals company’s stock worth $68,000 after buying an additional 660 shares in the last quarter. Finally, Envestnet Asset Management Inc. grew its holdings in International Flavors & Fragrances by 7.0% during the 3rd quarter. Envestnet Asset Management Inc. now owns 259,471 shares of the specialty chemicals company’s stock worth $15,968,000 after acquiring an additional 16,892 shares during the last quarter. 96.02% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on the stock. Argus upped their target price on shares of International Flavors & Fragrances from $70.00 to $80.00 and gave the stock a “buy” rating in a research report on Thursday, January 22nd. UBS Group boosted their price objective on shares of International Flavors & Fragrances from $68.00 to $71.00 and gave the stock a “neutral” rating in a research report on Monday, January 12th. Bank of America lifted their target price on International Flavors & Fragrances from $84.00 to $88.00 and gave the company a “buy” rating in a research note on Thursday, January 8th. Wall Street Zen upgraded International Flavors & Fragrances from a “sell” rating to a “hold” rating in a research report on Sunday, January 4th. Finally, BNP Paribas Exane decreased their price target on International Flavors & Fragrances from $91.00 to $89.00 and set an “outperform” rating on the stock in a report on Tuesday, January 13th. Twelve 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. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $86.46.

International Flavors & Fragrances Stock Up 2.1%

NYSE:IFF opened at $74.95 on Friday. The stock’s fifty day simple moving average is $68.58 and its 200-day simple moving average is $66.61. The firm has a market capitalization of $19.19 billion, a P/E ratio of -46.27, a P/E/G ratio of 2.77 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 12-month low of $59.14 and a 12-month high of $86.96.

International Flavors & Fragrances (NYSE:IFF) last issued its earnings results on Tuesday, November 4th. The specialty chemicals company reported $1.05 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.02 by $0.03. The firm had revenue of $2.69 billion for 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 company’s revenue was down 7.9% compared to the same quarter last year. During the same quarter last year, the business earned $1.04 earnings per share. Equities research analysts expect that International Flavors & Fragrances Inc. will post 4.32 earnings per share for the current year.

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.