International Flavors & Fragrances Inc. (NYSE:IFF) Shares Sold by Oppenheimer & Co. Inc.

Oppenheimer & Co. Inc. decreased its stake in shares of International Flavors & Fragrances Inc. (NYSE:IFFFree Report) by 74.3% during the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 11,792 shares of the specialty chemicals company’s stock after selling 34,093 shares during the quarter. Oppenheimer & Co. Inc.’s holdings in International Flavors & Fragrances were worth $804,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. First Personal Financial Services increased its stake in International Flavors & Fragrances by 59.5% during the second quarter. First Personal Financial Services now owns 319 shares of the specialty chemicals company’s stock worth $25,000 after acquiring an additional 119 shares during the last quarter. Clear Street Markets LLC acquired a new stake in International Flavors & Fragrances during the fourth quarter worth $27,000. Penserra Capital Management LLC acquired a new stake in International Flavors & Fragrances during the fourth quarter worth $31,000. PARK CIRCLE Co increased its stake in International Flavors & Fragrances by 300.0% during the second quarter. PARK CIRCLE Co now owns 400 shares of the specialty chemicals company’s stock worth $32,000 after acquiring an additional 300 shares during the last quarter. Finally, Covestor Ltd increased its stake in International Flavors & Fragrances by 48.8% during the first quarter. Covestor Ltd now owns 244 shares of the specialty chemicals company’s stock worth $32,000 after acquiring an additional 80 shares during the last quarter. Hedge funds and other institutional investors own 89.52% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on the company. UBS Group raised their target price on International Flavors & Fragrances from $78.00 to $82.00 and gave the stock a “neutral” rating in a research note on Thursday, January 11th. Redburn Atlantic assumed coverage on International Flavors & Fragrances in a research note on Thursday, October 12th. They issued a “neutral” rating and a $60.00 price objective for the company. Stifel Nicolaus lifted their price objective on International Flavors & Fragrances from $81.00 to $87.00 and gave the company a “hold” rating in a research note on Wednesday, December 20th. StockNews.com raised International Flavors & Fragrances from a “sell” rating to a “hold” rating in a research note on Friday, November 10th. Finally, Barclays lifted their price objective on International Flavors & Fragrances from $64.00 to $69.00 and gave the company an “underweight” rating in a research note on Friday, January 12th. One equities research analyst has rated the stock with a sell rating, ten have issued a hold rating and seven have issued a buy rating to the stock. According to data from MarketBeat, International Flavors & Fragrances presently has an average rating of “Hold” and a consensus price target of $80.71.

Get Our Latest Report on International Flavors & Fragrances

International Flavors & Fragrances Trading Down 2.2 %

IFF opened at $80.51 on Friday. International Flavors & Fragrances Inc. has a 12 month low of $62.11 and a 12 month high of $105.69. The stock has a market capitalization of $20.55 billion, a price-to-earnings ratio of 447.28, a PEG ratio of 5.16 and a beta of 1.23. The company has a debt-to-equity ratio of 0.54, a current ratio of 1.74 and a quick ratio of 1.04. The business has a fifty day moving average price of $79.79 and a 200 day moving average price of $73.54.

International Flavors & Fragrances (NYSE:IFFGet Free Report) last announced its quarterly earnings results on Monday, November 6th. The specialty chemicals company reported $0.89 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.75 by $0.14. The company had revenue of $2.82 billion during the quarter, compared to the consensus estimate of $2.76 billion. International Flavors & Fragrances had a return on equity of 5.22% and a net margin of 0.40%. International Flavors & Fragrances’s revenue for the quarter was down 7.9% on a year-over-year basis. During the same period in the previous year, the business earned $1.36 EPS. Sell-side analysts expect that International Flavors & Fragrances Inc. will post 3.34 earnings per share for the current fiscal year.

International Flavors & Fragrances Company Profile

(Free Report)

International Flavors & Fragrances Inc, together with its subsidiaries, manufactures and sells cosmetic active and natural health ingredients for use in various consumer products in Europe, Africa, the Middle East, Greater Asia, North America, and Latin America. It operates through four segments: Nourish, Scent, Health & Biosciences, and Pharma Solutions.

Further Reading

Want to see what other hedge funds are holding IFF? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for International Flavors & Fragrances Inc. (NYSE:IFFFree Report).

Institutional Ownership by Quarter for International Flavors & Fragrances (NYSE:IFF)

Receive News & Ratings for International Flavors & Fragrances Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for International Flavors & Fragrances and related companies with MarketBeat.com's FREE daily email newsletter.