International Flavors & Fragrances Inc. (NYSE:IFF) Stock Position Lowered by Kentucky Retirement Systems

Kentucky Retirement Systems lessened its position in International Flavors & Fragrances Inc. (NYSE:IFF) by 1.4% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 17,569 shares of the specialty chemicals company’s stock after selling 242 shares during the period. Kentucky Retirement Systems’ holdings in International Flavors & Fragrances were worth $1,485,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors acquired a new stake in shares of International Flavors & Fragrances during the fourth quarter worth $9,271,000. Venturi Wealth Management LLC grew its stake in International Flavors & Fragrances by 74.8% in the fourth quarter. Venturi Wealth Management LLC now owns 1,729 shares of the specialty chemicals company’s stock valued at $146,000 after purchasing an additional 740 shares in the last quarter. Truist Financial Corp grew its stake in International Flavors & Fragrances by 0.7% in the fourth quarter. Truist Financial Corp now owns 19,908 shares of the specialty chemicals company’s stock valued at $1,683,000 after purchasing an additional 129 shares in the last quarter. CIBC Asset Management Inc grew its stake in International Flavors & Fragrances by 4.7% in the fourth quarter. CIBC Asset Management Inc now owns 38,968 shares of the specialty chemicals company’s stock valued at $3,295,000 after purchasing an additional 1,735 shares in the last quarter. Finally, Sanctuary Advisors LLC lifted its position in shares of International Flavors & Fragrances by 18.8% in the fourth quarter. Sanctuary Advisors LLC now owns 7,867 shares of the specialty chemicals company’s stock worth $690,000 after buying an additional 1,246 shares during the last quarter. 96.02% of the stock is owned by institutional investors and hedge funds.

International Flavors & Fragrances Stock Down 0.3 %

Shares of IFF opened at $79.92 on Monday. The firm has a market capitalization of $20.43 billion, a price-to-earnings ratio of 85.02, a PEG ratio of 1.45 and a beta of 1.19. The company has a debt-to-equity ratio of 0.54, a quick ratio of 1.93 and a current ratio of 1.84. The business’s fifty day moving average price is $84.71 and its two-hundred day moving average price is $93.42. International Flavors & Fragrances Inc. has a 52 week low of $72.94 and a 52 week high of $106.77.

International Flavors & Fragrances (NYSE:IFF) last announced its quarterly earnings data on Tuesday, February 18th. The specialty chemicals company reported $0.97 EPS for the quarter, beating analysts’ consensus estimates of $0.83 by $0.14. The firm had revenue of $2.77 billion for the quarter, compared to analyst estimates of $2.67 billion. International Flavors & Fragrances had a return on equity of 7.72% and a net margin of 2.12%. On average, analysts predict that International Flavors & Fragrances Inc. will post 4.32 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of analysts have weighed in on IFF shares. Oppenheimer reduced their price target on International Flavors & Fragrances from $114.00 to $104.00 and set an “outperform” rating for the company in a research report on Thursday. Barclays cut their price target on International Flavors & Fragrances from $90.00 to $88.00 and set an “equal weight” rating for the company in a report on Friday, January 17th. Morgan Stanley raised International Flavors & Fragrances from an “equal weight” rating to an “overweight” rating and cut their price target for the company from $111.00 to $110.00 in a report on Tuesday, November 12th. Stifel Nicolaus cut their price target on International Flavors & Fragrances from $113.00 to $105.00 and set a “buy” rating for the company in a report on Monday, February 3rd. Finally, Citigroup lowered their price objective on International Flavors & Fragrances from $110.00 to $105.00 and set a “buy” rating on the stock in a research note on Wednesday, December 18th. Two analysts have rated the stock with a sell rating, three have issued a hold rating and twelve have given a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $103.50.

International Flavors & Fragrances Profile

International Flavors & Fragrances, Inc engages in the manufacture and supply of flavors and fragrances used in the food, beverage, personal care, and household products industries. It operates through the following segments: Nourish, Health & Biosciences, Scent and Pharma Solutions. The Nourish segment consists of legacy Taste segment combined with N&B’s Food & Beverage division and the food protection business of N&B’s Health & Biosciences division.