Keybank National Association OH Cuts Stock Holdings in International Flavors & Fragrances Inc. (NYSE:IFF)

Keybank National Association OH lowered its stake in International Flavors & Fragrances Inc. (NYSE:IFFFree Report) by 39.2% in the 3rd quarter, HoldingsChannel.com reports. The firm owned 5,253 shares of the specialty chemicals company’s stock after selling 3,388 shares during the period. Keybank National Association OH’s holdings in International Flavors & Fragrances were worth $358,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in IFF. SVB Wealth LLC boosted its position in International Flavors & Fragrances by 4.0% during the 1st quarter. SVB Wealth LLC now owns 2,077 shares of the specialty chemicals company’s stock valued at $273,000 after acquiring an additional 79 shares in the last quarter. Covestor Ltd grew its stake in International Flavors & Fragrances by 48.8% in the first quarter. Covestor Ltd now owns 244 shares of the specialty chemicals company’s stock worth $32,000 after purchasing an additional 80 shares during the period. Raymond James Trust N.A. lifted its position in International Flavors & Fragrances by 2.4% during the first quarter. Raymond James Trust N.A. now owns 3,792 shares of the specialty chemicals company’s stock valued at $498,000 after buying an additional 90 shares during the period. First Personal Financial Services boosted its holdings in shares of International Flavors & Fragrances by 59.5% during the 2nd quarter. First Personal Financial Services now owns 319 shares of the specialty chemicals company’s stock valued at $25,000 after buying an additional 119 shares in the last quarter. Finally, Meiji Yasuda Asset Management Co Ltd. grew its position in shares of International Flavors & Fragrances by 0.5% in the 4th quarter. Meiji Yasuda Asset Management Co Ltd. now owns 24,638 shares of the specialty chemicals company’s stock worth $2,583,000 after buying an additional 120 shares during the period. 89.52% of the stock is currently owned by institutional investors.

International Flavors & Fragrances Trading Down 2.2 %

Shares of IFF stock opened at $80.51 on Friday. The company has a market cap of $20.55 billion, a PE ratio of 447.28, a price-to-earnings-growth 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 stock’s 50 day simple moving average is $79.79 and its two-hundred day simple moving average is $73.54. International Flavors & Fragrances Inc. has a 1 year low of $62.11 and a 1 year high of $105.69.

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

Analyst Ratings Changes

Several research firms have commented on IFF. Argus raised International Flavors & Fragrances from a “hold” rating to a “buy” rating and set a $85.00 target price on the stock in a report on Tuesday, November 28th. Morgan Stanley upgraded International Flavors & Fragrances from an “equal weight” rating to an “overweight” rating and lifted their price objective for the stock from $81.00 to $90.00 in a report on Monday, January 22nd. StockNews.com raised International Flavors & Fragrances from a “sell” rating to a “hold” rating in a research report on Friday, November 10th. Jefferies Financial Group raised shares of International Flavors & Fragrances from a “hold” rating to a “buy” rating and raised their price target for the company from $73.00 to $112.00 in a report on Friday, January 12th. Finally, Barclays boosted their price objective on shares of International Flavors & Fragrances from $64.00 to $69.00 and gave the company an “underweight” rating in a report on Friday, January 12th. One analyst has rated the stock with a sell rating, ten have assigned a hold rating and seven have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $80.71.

View Our Latest Research Report on International Flavors & Fragrances

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.

Featured Articles

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.