State of Alaska Department of Revenue Purchases 2,015 Shares of International Flavors & Fragrances Inc. (NYSE:IFF)

State of Alaska Department of Revenue raised its stake in shares of International Flavors & Fragrances Inc. (NYSE:IFF) by 7.3% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 29,711 shares of the specialty chemicals company’s stock after purchasing an additional 2,015 shares during the quarter. State of Alaska Department of Revenue’s holdings in International Flavors & Fragrances were worth $3,117,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also bought and sold shares of IFF. Northwest Investment Counselors LLC bought a new stake in International Flavors & Fragrances during the third quarter valued at approximately $27,000. Quent Capital LLC lifted its position in International Flavors & Fragrances by 183.2% during the first quarter. Quent Capital LLC now owns 371 shares of the specialty chemicals company’s stock valued at $32,000 after purchasing an additional 240 shares during the last quarter. Family Firm Inc. bought a new stake in International Flavors & Fragrances during the second quarter valued at approximately $38,000. Fidelis Capital Partners LLC bought a new stake in International Flavors & Fragrances during the first quarter valued at approximately $44,000. Finally, Larson Financial Group LLC lifted its position in International Flavors & Fragrances by 5,050.0% during the first quarter. Larson Financial Group LLC now owns 515 shares of the specialty chemicals company’s stock valued at $44,000 after purchasing an additional 505 shares during the last quarter. 96.02% of the stock is currently owned by institutional investors.

International Flavors & Fragrances Stock Down 0.2 %

Shares of NYSE IFF opened at $101.13 on Thursday. The company has a quick ratio of 1.75, a current ratio of 2.38 and a debt-to-equity ratio of 0.60. International Flavors & Fragrances Inc. has a 52 week low of $65.81 and a 52 week high of $106.77. The firm’s fifty day moving average is $103.04 and its 200 day moving average is $97.62. The company has a market cap of $25.85 billion, a price-to-earnings ratio of -10.97, a PEG ratio of 1.86 and a beta of 1.22.

International Flavors & Fragrances (NYSE:IFF) last issued its quarterly earnings data on Tuesday, August 6th. The specialty chemicals company reported $1.16 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.01 by $0.15. The business had revenue of $2.89 billion for the quarter, compared to the consensus estimate of $2.83 billion. International Flavors & Fragrances had a negative net margin of 20.82% and a positive return on equity of 6.63%. The company’s quarterly revenue was down 1.4% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.86 EPS. On average, equities research analysts expect that International Flavors & Fragrances Inc. will post 4.23 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on the stock. Wells Fargo & Company lifted their target price on shares of International Flavors & Fragrances from $110.00 to $115.00 and gave the company an “overweight” rating in a research report on Thursday, August 8th. Barclays lifted their price target on shares of International Flavors & Fragrances from $93.00 to $99.00 and gave the stock an “equal weight” rating in a research note on Friday, October 11th. Morgan Stanley lifted their price target on shares of International Flavors & Fragrances from $100.00 to $103.00 and gave the stock an “equal weight” rating in a research note on Wednesday, July 3rd. JPMorgan Chase & Co. lifted their price target on shares of International Flavors & Fragrances from $102.00 to $110.00 and gave the stock an “overweight” rating in a research note on Friday, September 6th. Finally, Stifel Nicolaus lifted their price target on shares of International Flavors & Fragrances from $115.00 to $121.00 and gave the stock a “buy” rating in a research note on Thursday, October 24th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and nine have assigned a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $107.86.

International Flavors & Fragrances Company Profile

International Flavors & Fragrances Inc, together with its subsidiaries, manufactures and sells cosmetic active and natural health ingredients for use in various consumer products in the United States, Europe, and internationally. It operates through four segments: Nourish, Health & Biosciences, Scent, and Pharma Solutions.