Quintet Private Bank Europe S.A. Has $1.17 Million Stake in International Flavors & Fragrances Inc. (NYSE:IFF)

Quintet Private Bank Europe S.A. lowered its holdings in International Flavors & Fragrances Inc. (NYSE:IFF) by 4.1% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 13,783 shares of the specialty chemicals company’s stock after selling 595 shares during the quarter. Quintet Private Bank Europe S.A.’s holdings in International Flavors & Fragrances were worth $1,165,000 as of its most recent filing with the SEC.

Other large investors also recently made changes to their positions in the company. SBI Securities Co. Ltd. acquired a new position in International Flavors & Fragrances during the 4th quarter worth about $32,000. Point72 Hong Kong Ltd bought a new position in shares of International Flavors & Fragrances in the third quarter worth about $42,000. Ashton Thomas Securities LLC acquired a new position in shares of International Flavors & Fragrances during the third quarter worth approximately $48,000. Principal Securities Inc. grew its stake in shares of International Flavors & Fragrances by 36.6% during the fourth quarter. Principal Securities Inc. now owns 638 shares of the specialty chemicals company’s stock valued at $54,000 after purchasing an additional 171 shares during the last quarter. Finally, Catalyst Capital Advisors LLC acquired a new stake in shares of International Flavors & Fragrances in the third quarter valued at approximately $67,000. Institutional investors own 96.02% of the company’s stock.

International Flavors & Fragrances Trading Up 1.1 %

IFF opened at $81.96 on Monday. The firm’s fifty day moving average is $84.16 and its two-hundred day moving average is $92.88. The firm has a market cap of $20.96 billion, a PE ratio of 87.19, a price-to-earnings-growth ratio of 1.45 and a beta of 1.19. International Flavors & Fragrances Inc. has a twelve month low of $73.82 and a twelve month high of $106.77. The company has a debt-to-equity ratio of 0.54, a quick ratio of 1.93 and a current ratio of 1.84.

International Flavors & Fragrances (NYSE:IFF) last issued its quarterly earnings data on Tuesday, February 18th. The specialty chemicals company reported $0.97 EPS for the quarter, topping 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. Equities research analysts anticipate that International Flavors & Fragrances Inc. will post 4.32 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on IFF shares. Barclays decreased their price objective on International Flavors & Fragrances from $90.00 to $88.00 and set an “equal weight” rating on the stock in a research report on Friday, January 17th. Wells Fargo & Company decreased their price target on International Flavors & Fragrances from $115.00 to $105.00 and set an “overweight” rating on the stock in a report on Thursday, February 20th. Morgan Stanley raised International Flavors & Fragrances from an “equal weight” rating to an “overweight” rating and dropped their price objective for the stock from $111.00 to $110.00 in a report on Tuesday, November 12th. Bank of America cut their target price on shares of International Flavors & Fragrances from $105.00 to $101.00 and set a “buy” rating on the stock in a research report on Thursday, February 20th. Finally, Vertical Research upgraded shares of International Flavors & Fragrances from a “hold” rating to a “buy” rating and set a $109.00 price target for the company in a research report on Thursday, November 7th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and twelve have assigned a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average 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.