Gulf International Bank UK Ltd Sells 223 Shares of International Flavors & Fragrances Inc. (NYSE:IFF)

Gulf International Bank UK Ltd decreased its stake in shares of International Flavors & Fragrances Inc. (NYSE:IFF) by 1.1% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 19,948 shares of the specialty chemicals company’s stock after selling 223 shares during the period. Gulf International Bank UK Ltd’s holdings in International Flavors & Fragrances were worth $1,686,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of the stock. State Street Corp boosted its position in shares of International Flavors & Fragrances by 1.9% during the third quarter. State Street Corp now owns 10,467,517 shares of the specialty chemicals company’s stock valued at $1,102,363,000 after buying an additional 196,696 shares during the last quarter. Geode Capital Management LLC boosted its position in shares of International Flavors & Fragrances by 1.3% during the third quarter. Geode Capital Management LLC now owns 6,008,830 shares of the specialty chemicals company’s stock valued at $628,341,000 after buying an additional 77,521 shares during the last quarter. Van ECK Associates Corp boosted its position in shares of International Flavors & Fragrances by 41.6% during the fourth quarter. Van ECK Associates Corp now owns 5,664,250 shares of the specialty chemicals company’s stock valued at $478,912,000 after buying an additional 1,663,629 shares during the last quarter. Nordea Investment Management AB boosted its position in shares of International Flavors & Fragrances by 25.7% during the fourth quarter. Nordea Investment Management AB now owns 5,489,741 shares of the specialty chemicals company’s stock valued at $464,926,000 after buying an additional 1,121,414 shares during the last quarter. Finally, Bank of New York Mellon Corp boosted its position in shares of International Flavors & Fragrances by 0.9% during the fourth quarter. Bank of New York Mellon Corp now owns 1,879,317 shares of the specialty chemicals company’s stock valued at $158,896,000 after buying an additional 17,372 shares during the last quarter. Hedge funds and other institutional investors own 96.02% of the company’s stock.

International Flavors & Fragrances Stock Performance

NYSE:IFF opened at $81.96 on Friday. The company has a debt-to-equity ratio of 0.54, a quick ratio of 1.93 and a current ratio of 1.84. International Flavors & Fragrances Inc. has a 52-week low of $73.82 and a 52-week high of $106.77. The firm has a market cap of $20.96 billion, a price-to-earnings ratio of 87.19, a PEG ratio of 1.45 and a beta of 1.19. The business’s fifty day moving average is $84.16 and its 200 day moving average is $92.91.

International Flavors & Fragrances (NYSE:IFF) last announced its earnings results on Tuesday, February 18th. The specialty chemicals company reported $0.97 earnings per share for the quarter, topping analysts’ consensus estimates of $0.83 by $0.14. The business 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%. Research analysts predict that International Flavors & Fragrances Inc. will post 4.32 EPS for the current year.

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on IFF shares. Oppenheimer cut their target price on International Flavors & Fragrances from $114.00 to $104.00 and set an “outperform” rating on the stock in a research report on Thursday, February 20th. Wells Fargo & Company cut their price objective on International Flavors & Fragrances from $115.00 to $105.00 and set an “overweight” rating on the stock in a research report on Thursday, February 20th. JPMorgan Chase & Co. cut their price objective on International Flavors & Fragrances from $107.00 to $104.00 and set an “overweight” rating on the stock in a research report on Thursday, February 20th. Barclays cut their price objective on International Flavors & Fragrances from $90.00 to $88.00 and set an “equal weight” rating on the stock in a research report on Friday, January 17th. Finally, Citigroup cut their price objective on International Flavors & Fragrances from $110.00 to $105.00 and set a “buy” rating on the stock in a research report on Wednesday, December 18th. One research analyst has rated the stock with a sell rating, three have given a hold rating and twelve have issued a buy rating to the company. Based on data from MarketBeat, International Flavors & Fragrances has an average rating of “Moderate Buy” and a consensus target price 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.