Compagnie Lombard Odier SCmA Reduces Stock Position in International Flavors & Fragrances Inc. $IFF

Compagnie Lombard Odier SCmA reduced its stake in shares of International Flavors & Fragrances Inc. (NYSE:IFF) by 38.4% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 81,071 shares of the specialty chemicals company’s stock after selling 50,574 shares during the period. Compagnie Lombard Odier SCmA’s holdings in International Flavors & Fragrances were worth $4,989,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in IFF. True Wealth Design LLC increased its stake in shares of International Flavors & Fragrances by 896.4% in the third quarter. True Wealth Design LLC now owns 548 shares of the specialty chemicals company’s stock valued at $34,000 after purchasing an additional 493 shares during the period. Geneos Wealth Management Inc. grew its holdings in shares of International Flavors & Fragrances by 55.7% during the first 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 in the last quarter. Elkhorn Partners Limited Partnership lifted its position in shares of International Flavors & Fragrances by 200.0% in the second quarter. Elkhorn Partners Limited Partnership now owns 600 shares of the specialty chemicals company’s stock worth $44,000 after purchasing an additional 400 shares in the last quarter. Eastern Bank boosted its stake in shares of International Flavors & Fragrances by 43.9% during the 2nd quarter. Eastern Bank now owns 633 shares of the specialty chemicals company’s stock valued at $47,000 after buying an additional 193 shares during the period. Finally, CYBER HORNET ETFs LLC acquired a new stake in International Flavors & Fragrances during the second quarter valued at $49,000. 96.02% of the stock is currently owned by institutional investors.

International Flavors & Fragrances Stock Performance

Shares of IFF stock opened at $75.16 on Tuesday. The company has a market capitalization of $19.25 billion, a price-to-earnings ratio of -46.39, a PEG ratio of 2.82 and a beta of 1.05. The company has a debt-to-equity ratio of 0.33, a quick ratio of 0.87 and a current ratio of 1.44. International Flavors & Fragrances Inc. has a 52 week low of $59.14 and a 52 week high of $86.96. The company has a 50-day simple moving average of $68.69 and a 200 day simple moving average of $66.46.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on IFF. BNP Paribas Exane lowered their price objective 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. Weiss Ratings reissued a “sell (d-)” rating on shares of International Flavors & Fragrances in a report on Monday, December 29th. Argus raised their price objective on shares of International Flavors & Fragrances from $70.00 to $80.00 and gave the stock a “buy” rating in a report on Thursday, January 22nd. Berenberg Bank lowered their target price on International Flavors & Fragrances from $78.30 to $77.50 and set a “hold” rating for the company in a research note on Thursday, February 5th. Finally, Bank of America increased their price objective on International Flavors & Fragrances from $84.00 to $88.00 and gave the company a “buy” rating in a research report on Thursday, January 8th. Twelve investment analysts have rated the stock with a Buy rating, four have issued a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $86.41.

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.