Investors Buy Shares of International Flavors & Fragrances (IFF) on Weakness

Investors bought shares of International Flavors & Fragrances Inc (NYSE:IFF) on weakness during trading on Monday. $86.81 million flowed into the stock on the tick-up and $65.61 million flowed out of the stock on the tick-down, for a money net flow of $21.20 million into the stock. Of all equities tracked, International Flavors & Fragrances had the 14th highest net in-flow for the day. International Flavors & Fragrances traded down ($0.65) for the day and closed at $132.01

IFF has been the subject of several recent analyst reports. Citigroup initiated coverage on shares of International Flavors & Fragrances in a research note on Friday, November 16th. They issued a “neutral” rating and a $152.00 price objective for the company. Zacks Investment Research cut shares of International Flavors & Fragrances from a “hold” rating to a “strong sell” rating in a research note on Tuesday, January 8th. ValuEngine upgraded shares of International Flavors & Fragrances from a “hold” rating to a “buy” rating in a research note on Tuesday, November 6th. Raymond James cut shares of International Flavors & Fragrances from a “market perform” rating to an “underperform” rating and set a $135.00 price objective for the company. in a research note on Friday, November 16th. Finally, Barclays reiterated a “sell” rating on shares of International Flavors & Fragrances in a research note on Monday. Four investment analysts have rated the stock with a sell rating, four have given a hold rating and two have issued a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus target price of $143.63.

The company has a current ratio of 9.16, a quick ratio of 8.21 and a debt-to-equity ratio of 1.07. The stock has a market capitalization of $14.07 billion, a PE ratio of 21.02, a PEG ratio of 2.86 and a beta of 0.83.

International Flavors & Fragrances (NYSE:IFF) last announced its earnings results on Wednesday, February 13th. The specialty chemicals company reported $1.22 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.29 by ($0.07). The business had revenue of $1.22 billion for the quarter, compared to analyst estimates of $1.24 billion. International Flavors & Fragrances had a return on equity of 20.98% and a net margin of 8.48%. The business’s revenue was up 42.6% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.40 EPS. On average, research analysts forecast that International Flavors & Fragrances Inc will post 5.63 earnings per share for the current fiscal year.

In other International Flavors & Fragrances news, major shareholder Winder Investment Pte Ltd bought 48,000 shares of the business’s stock in a transaction on Monday, December 24th. The stock was bought at an average price of $125.81 per share, for a total transaction of $6,038,880.00. Following the completion of the transaction, the insider now owns 19,272,358 shares in the company, valued at approximately $2,424,655,359.98. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In the last 90 days, insiders have acquired 1,064,120 shares of company stock valued at $140,361,465. 0.50% of the stock is currently owned by company insiders.

A number of institutional investors and hedge funds have recently made changes to their positions in IFF. Amalgamated Bank grew its holdings in shares of International Flavors & Fragrances by 11.4% during the fourth quarter. Amalgamated Bank now owns 13,574 shares of the specialty chemicals company’s stock worth $1,823,000 after buying an additional 1,387 shares in the last quarter. Public Employees Retirement System of Ohio grew its holdings in shares of International Flavors & Fragrances by 6.0% during the fourth quarter. Public Employees Retirement System of Ohio now owns 36,303 shares of the specialty chemicals company’s stock worth $4,874,000 after buying an additional 2,048 shares in the last quarter. CI Investments Inc. purchased a new stake in shares of International Flavors & Fragrances during the fourth quarter worth about $1,056,000. Kaizen Advisory LLC grew its holdings in shares of International Flavors & Fragrances by 50.3% during the fourth quarter. Kaizen Advisory LLC now owns 272 shares of the specialty chemicals company’s stock worth $37,000 after buying an additional 91 shares in the last quarter. Finally, Hancock Whitney Corp purchased a new stake in shares of International Flavors & Fragrances during the fourth quarter worth about $323,000. Institutional investors own 78.65% of the company’s stock.

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International Flavors & Fragrances Company Profile (NYSE:IFF)

International Flavors & Fragrances Inc, together with its subsidiaries, manufactures flavors and fragrances for use in various consumer products. It operates through two segments, Flavors and Fragrances. The Flavors segment offers flavor compounds primarily to the food and beverage industries for use in consumer products, such as prepared foods, beverages, dairy, food, and sweet products.

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