Exencial Wealth Advisors LLC Sells 1,602 Shares of International Flavors & Fragrances Inc. (NYSE:IFF)

Exencial Wealth Advisors LLC decreased its holdings in shares of International Flavors & Fragrances Inc. (NYSE:IFF) by 4.3% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 35,428 shares of the specialty chemicals company’s stock after selling 1,602 shares during the period. Exencial Wealth Advisors LLC’s holdings in International Flavors & Fragrances were worth $2,995,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. State Street Corp increased its position in shares of International Flavors & Fragrances by 1.9% during the third quarter. State Street Corp now owns 10,467,517 shares of the specialty chemicals company’s stock valued at $1,102,363,000 after acquiring an additional 196,696 shares in the last quarter. Geode Capital Management LLC increased its position in shares of International Flavors & Fragrances by 1.3% during the third quarter. Geode Capital Management LLC now owns 6,008,830 shares of the specialty chemicals company’s stock valued at $628,341,000 after acquiring an additional 77,521 shares in the last quarter. Van ECK Associates Corp increased its position in shares of International Flavors & Fragrances by 41.6% during the fourth quarter. Van ECK Associates Corp now owns 5,664,250 shares of the specialty chemicals company’s stock valued at $478,912,000 after acquiring an additional 1,663,629 shares in the last quarter. Nordea Investment Management AB increased its position in shares of International Flavors & Fragrances by 25.7% during the fourth quarter. Nordea Investment Management AB now owns 5,489,741 shares of the specialty chemicals company’s stock valued at $464,926,000 after acquiring an additional 1,121,414 shares in the last quarter. Finally, Bank of New York Mellon Corp increased its position in shares of International Flavors & Fragrances by 0.9% during the fourth quarter. Bank of New York Mellon Corp now owns 1,879,317 shares of the specialty chemicals company’s stock valued at $158,896,000 after acquiring an additional 17,372 shares in the last quarter. Institutional investors own 96.02% of the company’s stock.

International Flavors & Fragrances Trading Down 1.3 %

Shares of International Flavors & Fragrances stock opened at $79.85 on Wednesday. The company’s fifty day simple moving average is $83.98 and its 200-day simple moving average is $92.62. The stock has a market capitalization of $20.42 billion, a PE ratio of 84.95, a P/E/G ratio of 1.45 and a beta of 1.19. International Flavors & Fragrances Inc. has a 1-year low of $75.57 and a 1-year high of $106.77. The company has a debt-to-equity ratio of 0.54, a current ratio of 1.84 and a quick ratio of 1.93.

International Flavors & Fragrances (NYSE:IFF) last issued its quarterly earnings results on Tuesday, February 18th. The specialty chemicals company reported $0.97 earnings per share for the quarter, topping the consensus estimate of $0.83 by $0.14. International Flavors & Fragrances had a net margin of 2.12% and a return on equity of 7.72%. The business had revenue of $2.77 billion for the quarter, compared to analysts’ expectations of $2.67 billion. As a group, equities analysts anticipate that International Flavors & Fragrances Inc. will post 4.32 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on IFF. Barclays reduced their price target on shares of International Flavors & Fragrances from $90.00 to $88.00 and set an “equal weight” rating for the company in a research report on Friday, January 17th. Morgan Stanley raised shares of International Flavors & Fragrances from an “equal weight” rating to an “overweight” rating and cut their target price for the stock from $111.00 to $110.00 in a research report on Tuesday, November 12th. Stifel Nicolaus cut their target price on shares of 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. Citigroup cut their target price on shares of International Flavors & Fragrances from $110.00 to $105.00 and set a “buy” rating for the company in a research report on Wednesday, December 18th. Finally, Argus raised shares of International Flavors & Fragrances from a “hold” rating to a “buy” rating in a research report on Tuesday, January 7th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and twelve have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently 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.