Investors Purchase Large Volume of Call Options on International Flavors & Fragrances (NYSE:IFF)

International Flavors & Fragrances Inc. (NYSE:IFF) was the recipient of unusually large options trading on Thursday. Stock traders purchased 6,394 call options on the stock. This represents an increase of 846% compared to the typical volume of 676 call options.

Hedge Funds Weigh In On International Flavors & Fragrances

Several hedge funds have recently added to or reduced their stakes in the stock. Northwest Investment Counselors LLC bought a new stake in shares of International Flavors & Fragrances in the 3rd quarter valued at about $27,000. SBI Securities Co. Ltd. bought a new stake in International Flavors & Fragrances in the fourth quarter valued at approximately $32,000. Point72 Hong Kong Ltd acquired a new stake in International Flavors & Fragrances in the third quarter worth $42,000. Fairway Wealth LLC acquired a new position in shares of International Flavors & Fragrances in the 4th quarter valued at $34,000. Finally, Oakworth Capital Inc. bought a new stake in shares of International Flavors & Fragrances in the 3rd quarter valued at $44,000. Institutional investors and hedge funds own 96.02% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have commented on the stock. Bank of America upgraded shares of International Flavors & Fragrances from a “neutral” rating to a “buy” rating and set a $107.00 price target on the stock in a research report on Friday, November 8th. UBS Group increased their price target on International Flavors & Fragrances from $108.00 to $111.00 and gave the stock a “neutral” rating in a research report on Wednesday, November 6th. Morgan Stanley upgraded International Flavors & Fragrances from an “equal weight” rating to an “overweight” rating and cut their price objective for the company from $111.00 to $110.00 in a research report on Tuesday, November 12th. 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. Finally, JPMorgan Chase & Co. reduced their price target on shares of International Flavors & Fragrances from $110.00 to $107.00 and set an “overweight” rating on the stock in a research report on Thursday, November 7th. One equities 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’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $107.77.

International Flavors & Fragrances Stock Performance

Shares of International Flavors & Fragrances stock opened at $86.02 on Friday. The firm has a fifty day moving average of $85.32 and a two-hundred day moving average of $94.06. The company has a debt-to-equity ratio of 0.58, a quick ratio of 1.93 and a current ratio of 2.62. The stock has a market capitalization of $21.99 billion, a price-to-earnings ratio of -9.46, a PEG ratio of 1.54 and a beta of 1.19. International Flavors & Fragrances has a 52 week low of $72.94 and a 52 week high of $106.77.

About International Flavors & Fragrances

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.