Fjarde AP Fonden Fourth Swedish National Pension Fund Has $6.92 Million Stock Holdings in International Flavors & Fragrances Inc. (NYSE:IFF)

Fjarde AP Fonden Fourth Swedish National Pension Fund decreased its holdings in shares of International Flavors & Fragrances Inc. (NYSE:IFF) by 44.3% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 81,827 shares of the specialty chemicals company’s stock after selling 65,200 shares during the period. Fjarde AP Fonden Fourth Swedish National Pension Fund’s holdings in International Flavors & Fragrances were worth $6,918,000 as of its most recent SEC filing.

Several other institutional investors have also recently bought and sold shares of IFF. Allspring Global Investments Holdings LLC raised its holdings in International Flavors & Fragrances by 196.1% during the third quarter. Allspring Global Investments Holdings LLC now owns 37,910 shares of the specialty chemicals company’s stock worth $3,978,000 after buying an additional 25,107 shares during the last quarter. Sequoia Financial Advisors LLC acquired a new position in International Flavors & Fragrances during the third quarter worth $226,000. Assenagon Asset Management S.A. raised its holdings in International Flavors & Fragrances by 853.7% during the third quarter. Assenagon Asset Management S.A. now owns 100,200 shares of the specialty chemicals company’s stock worth $10,514,000 after buying an additional 89,694 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. raised its holdings in International Flavors & Fragrances by 24.8% during the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 21,580 shares of the specialty chemicals company’s stock worth $2,268,000 after buying an additional 4,293 shares during the last quarter. Finally, DekaBank Deutsche Girozentrale raised its holdings in International Flavors & Fragrances by 16.2% during the third quarter. DekaBank Deutsche Girozentrale now owns 63,744 shares of the specialty chemicals company’s stock worth $6,679,000 after buying an additional 8,909 shares during the last quarter. Institutional investors and hedge funds own 96.02% of the company’s stock.

Analyst Ratings Changes

Several research firms have recently issued reports on IFF. UBS Group upped their target price on shares of International Flavors & Fragrances from $108.00 to $111.00 and gave the stock a “neutral” rating in a research note on Wednesday, November 6th. JPMorgan Chase & Co. reduced their target price on shares of International Flavors & Fragrances from $107.00 to $104.00 and set an “overweight” rating for the company in a research note on Thursday, February 20th. Citigroup reduced their target price on shares of International Flavors & Fragrances from $110.00 to $105.00 and set a “buy” rating for the company in a research note on Wednesday, December 18th. Vertical Research upgraded shares of International Flavors & Fragrances from a “hold” rating to a “buy” rating and set a $109.00 target price for the company in a research note on Thursday, November 7th. Finally, Oppenheimer reduced their target price on shares of International Flavors & Fragrances from $114.00 to $104.00 and set an “outperform” rating for the company in a research note on Thursday, February 20th. Two investment 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’s stock. According to data from MarketBeat, International Flavors & Fragrances currently has an average rating of “Moderate Buy” and an average target price of $103.50.

International Flavors & Fragrances Price Performance

IFF opened at $79.71 on Tuesday. 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 firm has a market cap of $20.38 billion, a P/E ratio of 84.80, a PEG ratio of 1.45 and a beta of 1.19. International Flavors & Fragrances Inc. has a fifty-two week low of $72.94 and a fifty-two week high of $106.77. The firm has a 50-day moving average of $84.56 and a 200 day moving average of $93.31.

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

About International Flavors & Fragrances

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.