Sumitomo Mitsui DS Asset Management Company Ltd Raises Holdings in International Flavors & Fragrances Inc. (NYSE:IFF)

Sumitomo Mitsui DS Asset Management Company Ltd increased its position in International Flavors & Fragrances Inc. (NYSE:IFF) by 8.0% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 30,746 shares of the specialty chemicals company’s stock after buying an additional 2,285 shares during the period. Sumitomo Mitsui DS Asset Management Company Ltd’s holdings in International Flavors & Fragrances were worth $2,600,000 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. Bleakley Financial Group LLC raised its holdings in shares of International Flavors & Fragrances by 9.3% during the 4th quarter. Bleakley Financial Group LLC now owns 9,112 shares of the specialty chemicals company’s stock worth $770,000 after acquiring an additional 778 shares in the last quarter. Choreo LLC increased its position in International Flavors & Fragrances by 55.7% in the fourth quarter. Choreo LLC now owns 24,401 shares of the specialty chemicals company’s stock worth $2,055,000 after purchasing an additional 8,728 shares during the last quarter. Tectonic Advisors LLC raised its stake in International Flavors & Fragrances by 15.0% during the fourth quarter. Tectonic Advisors LLC now owns 13,360 shares of the specialty chemicals company’s stock valued at $1,130,000 after purchasing an additional 1,744 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. grew its stake in shares of International Flavors & Fragrances by 30.4% in the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 28,141 shares of the specialty chemicals company’s stock worth $2,377,000 after buying an additional 6,561 shares in the last quarter. Finally, E. Ohman J or Asset Management AB increased its holdings in shares of International Flavors & Fragrances by 18.9% in the 4th quarter. E. Ohman J or Asset Management AB now owns 11,934 shares of the specialty chemicals company’s stock worth $1,009,000 after buying an additional 1,900 shares during the last quarter. 96.02% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several research analysts recently commented on IFF shares. Stifel Nicolaus dropped their price target on International Flavors & Fragrances from $113.00 to $105.00 and set a “buy” rating for the company in a research report on Monday, February 3rd. Bank of America raised International Flavors & Fragrances from a “neutral” rating to a “buy” rating and set a $107.00 target price on the stock in a research report on Friday, November 8th. Vertical Research upgraded 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. Oppenheimer cut their price objective on shares of International Flavors & Fragrances from $117.00 to $114.00 and set an “outperform” rating on the stock in a research report on Tuesday, January 28th. Finally, Morgan Stanley raised shares of International Flavors & Fragrances from an “equal weight” rating to an “overweight” rating and dropped their price target for the stock from $111.00 to $110.00 in a research note on Tuesday, November 12th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and twelve have assigned a buy rating to the stock. According to data from MarketBeat.com, International Flavors & Fragrances currently has a consensus rating of “Moderate Buy” and a consensus target price of $107.77.

International Flavors & Fragrances Stock Down 0.1 %

Shares of NYSE:IFF opened at $84.20 on Tuesday. The company has a quick ratio of 1.93, a current ratio of 2.62 and a debt-to-equity ratio of 0.58. The business’s 50 day moving average is $85.57 and its 200 day moving average is $94.28. The stock has a market cap of $21.53 billion, a P/E ratio of -9.26, a price-to-earnings-growth ratio of 1.54 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 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.