Fjarde AP Fonden Fourth Swedish National Pension Fund Sells 65,200 Shares of International Flavors & Fragrances Inc. (NYSE:IFF)

Fjarde AP Fonden Fourth Swedish National Pension Fund trimmed its holdings in shares of International Flavors & Fragrances Inc. (NYSE:IFF) by 44.3% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 81,827 shares of the specialty chemicals company’s stock after selling 65,200 shares during the quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund’s holdings in International Flavors & Fragrances were worth $6,918,000 as of its most recent filing with the SEC.

Other hedge funds have also bought and sold shares of the company. Point72 Hong Kong Ltd bought a new position in International Flavors & Fragrances during the third quarter worth about $42,000. Ashton Thomas Securities LLC acquired a new position in shares of International Flavors & Fragrances in the 3rd quarter valued at approximately $48,000. Catalyst Capital Advisors LLC acquired a new position in shares of International Flavors & Fragrances in the 3rd quarter valued at approximately $67,000. Principal Securities Inc. raised its position in shares of International Flavors & Fragrances by 36.6% in the 4th quarter. Principal Securities Inc. now owns 638 shares of the specialty chemicals company’s stock valued at $54,000 after buying an additional 171 shares in the last quarter. Finally, Brooklyn Investment Group acquired a new position in shares of International Flavors & Fragrances in the 3rd quarter valued at approximately $88,000. 96.02% of the stock is owned by institutional investors.

International Flavors & Fragrances Trading Down 0.2 %

NYSE:IFF opened at $79.71 on Tuesday. 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 Inc. has a 52 week low of $72.94 and a 52 week high of $106.77. The firm’s fifty day moving average is $84.56 and its 200-day moving average is $93.31. The firm has a market cap of $20.38 billion, a P/E ratio of 84.80, a P/E/G ratio of 1.45 and a beta of 1.19.

International Flavors & Fragrances (NYSE:IFF) last released its earnings results on Tuesday, February 18th. The specialty chemicals company reported $0.97 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 company had revenue of $2.77 billion for the quarter, compared to the consensus estimate of $2.67 billion. Equities analysts expect that International Flavors & Fragrances Inc. will post 4.32 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on the stock. Stifel Nicolaus decreased their price target on shares of International Flavors & Fragrances from $113.00 to $105.00 and set a “buy” rating on the stock in a report on Monday, February 3rd. JPMorgan Chase & Co. reduced their target price on shares of International Flavors & Fragrances from $107.00 to $104.00 and set an “overweight” rating on the stock in a report on Thursday, February 20th. Argus raised shares of International Flavors & Fragrances from a “hold” rating to a “buy” rating in a report on Tuesday, January 7th. Barclays reduced their target price on shares of International Flavors & Fragrances from $90.00 to $88.00 and set an “equal weight” rating on the stock in a report on Friday, January 17th. Finally, Wells Fargo & Company reduced their target price on shares of International Flavors & Fragrances from $115.00 to $105.00 and set an “overweight” rating on the stock in a report on Thursday, February 20th. Two research analysts have rated the stock with a sell rating, three have assigned a hold rating and twelve have issued a buy rating to the stock. According to data from MarketBeat, International Flavors & Fragrances currently has a consensus rating of “Moderate Buy” and a consensus 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.