National Pension Service Has $29.22 Million Position in International Flavors & Fragrances Inc. (NYSE:IFF)

National Pension Service cut its position in International Flavors & Fragrances Inc. (NYSE:IFF) by 7.1% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 345,631 shares of the specialty chemicals company’s stock after selling 26,228 shares during the period. National Pension Service owned 0.14% of International Flavors & Fragrances worth $29,223,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the company. State Street Corp increased its position in International Flavors & Fragrances by 1.9% in the 3rd 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 in the last quarter. Geode Capital Management LLC increased its position in International Flavors & Fragrances by 1.3% in the 3rd 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 in the last quarter. Van ECK Associates Corp increased its position in International Flavors & Fragrances by 41.6% in the 4th 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 in the last quarter. Nordea Investment Management AB increased its position in International Flavors & Fragrances by 25.7% in the 4th 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 in the last quarter. Finally, Bank of New York Mellon Corp increased its position in International Flavors & Fragrances by 0.9% in the 4th 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 in the last quarter. 96.02% of the stock is owned by institutional investors.

International Flavors & Fragrances Price Performance

International Flavors & Fragrances stock opened at $81.96 on Friday. International Flavors & Fragrances Inc. has a 12 month low of $73.82 and a 12 month high of $106.77. The company has a current ratio of 1.84, a quick ratio of 1.93 and a debt-to-equity ratio of 0.54. The business’s 50 day simple moving average is $84.16 and its 200 day simple moving average is $92.91. The company 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.

International Flavors & Fragrances (NYSE:IFF) last posted its quarterly earnings data on Tuesday, February 18th. The specialty chemicals company reported $0.97 EPS for the quarter, beating the consensus estimate of $0.83 by $0.14. International Flavors & Fragrances had a return on equity of 7.72% and a net margin of 2.12%. The business had revenue of $2.77 billion for the quarter, compared to the consensus estimate of $2.67 billion. Sell-side analysts forecast that International Flavors & Fragrances Inc. will post 4.32 EPS for the current year.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on IFF shares. UBS Group lifted their price target on International Flavors & Fragrances from $108.00 to $111.00 and gave the company a “neutral” rating in a research note on Wednesday, November 6th. Cfra downgraded International Flavors & Fragrances from a “buy” rating to a “sell” rating and set a $77.00 price target for the company. in a research note on Thursday, February 20th. Citigroup cut their price target on 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. JPMorgan Chase & Co. cut their price target on 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. Finally, 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 research note on Monday, February 3rd. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and twelve have assigned a buy rating to the company. Based on data from MarketBeat, the company has a consensus 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.