Venturi Wealth Management LLC Purchases 740 Shares of International Flavors & Fragrances Inc. (NYSE:IFF)

Venturi Wealth Management LLC raised its position in International Flavors & Fragrances Inc. (NYSE:IFF) by 74.8% during the fourth quarter, according to its most recent 13F filing with the SEC. The fund owned 1,729 shares of the specialty chemicals company’s stock after buying an additional 740 shares during the period. Venturi Wealth Management LLC’s holdings in International Flavors & Fragrances were worth $146,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently bought and sold shares of the company. Point72 Hong Kong Ltd bought a new position in shares of International Flavors & Fragrances in the 3rd quarter worth $42,000. Eastern Bank bought a new position in shares of International Flavors & Fragrances in the 3rd quarter worth $46,000. Ashton Thomas Securities LLC bought a new position in shares of International Flavors & Fragrances in the 3rd quarter worth $48,000. Principal Securities Inc. boosted its position in shares of International Flavors & Fragrances by 36.6% in the 4th quarter. Principal Securities Inc. now owns 638 shares of the specialty chemicals company’s stock worth $54,000 after purchasing an additional 171 shares during the last quarter. Finally, Catalyst Capital Advisors LLC bought a new position in shares of International Flavors & Fragrances in the 3rd quarter worth $67,000. 96.02% of the stock is currently owned by institutional investors.

International Flavors & Fragrances Price Performance

NYSE:IFF opened at $79.92 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. The stock’s 50-day simple moving average is $84.71 and its 200 day simple moving average is $93.43. The company has a market cap of $20.43 billion, a P/E ratio of 85.02, a P/E/G ratio of 1.45 and a beta of 1.19. 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 released its earnings results on Tuesday, February 18th. The specialty chemicals company reported $0.97 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.83 by $0.14. The business had revenue of $2.77 billion for the quarter, compared to the consensus estimate of $2.67 billion. International Flavors & Fragrances had a return on equity of 7.72% and a net margin of 2.12%. As a group, sell-side analysts forecast that International Flavors & Fragrances Inc. will post 4.32 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several research firms have weighed in on IFF. Bank of America reduced their target price on International Flavors & Fragrances from $105.00 to $101.00 and set a “buy” rating on the stock in a report on Thursday. UBS Group lifted their target price on International Flavors & Fragrances from $108.00 to $111.00 and gave the stock a “neutral” rating in a report on Wednesday, November 6th. Vertical Research upgraded International Flavors & Fragrances from a “hold” rating to a “buy” rating and set a $109.00 target price on the stock in a report on Thursday, November 7th. Barclays reduced their target price on International Flavors & Fragrances from $90.00 to $88.00 and set an “equal weight” rating on the stock in a report on Friday, January 17th. Finally, Argus upgraded International Flavors & Fragrances from a “hold” rating to a “buy” rating in a report on Tuesday, January 7th. Two equities research analysts have rated the stock with a sell rating, three have issued a hold rating and twelve have issued a buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $103.50.

International Flavors & Fragrances Company 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.