New York Life Investment Management LLC Cuts Holdings in International Flavors & Fragrances Inc. (NYSE:IFF)

New York Life Investment Management LLC trimmed its holdings in shares of International Flavors & Fragrances Inc. (NYSE:IFF) by 2.0% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 38,036 shares of the specialty chemicals company’s stock after selling 787 shares during the quarter. New York Life Investment Management LLC’s holdings in International Flavors & Fragrances were worth $3,216,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of the business. Point72 Hong Kong Ltd acquired a new stake in International Flavors & Fragrances in the third quarter valued at approximately $42,000. Ashton Thomas Securities LLC acquired a new stake in International Flavors & Fragrances in the third quarter valued at approximately $48,000. Principal Securities Inc. boosted its stake in International Flavors & Fragrances by 36.6% in the fourth quarter. Principal Securities Inc. now owns 638 shares of the specialty chemicals company’s stock valued at $54,000 after acquiring an additional 171 shares in the last quarter. Catalyst Capital Advisors LLC acquired a new stake in International Flavors & Fragrances in the third quarter valued at approximately $67,000. Finally, Sugar Maple Asset Management LLC acquired a new stake in International Flavors & Fragrances in the fourth quarter valued at approximately $78,000. 96.02% of the stock is owned by hedge funds and other institutional investors.

International Flavors & Fragrances Trading Up 1.1 %

NYSE IFF opened at $81.96 on Friday. The company has a market capitalization of $20.96 billion, a PE ratio of 87.19, a P/E/G ratio of 1.45 and a beta of 1.19. The company has a fifty day moving average of $84.16 and a 200 day moving average of $92.91. International Flavors & Fragrances Inc. has a 1 year low of $73.82 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 posted 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 during the quarter, compared to the consensus estimate of $2.67 billion. Research analysts forecast that International Flavors & Fragrances Inc. will post 4.32 earnings per share for the current year.

Analyst Ratings Changes

Several equities research analysts have weighed in on IFF shares. Vertical Research upgraded shares of International Flavors & Fragrances from a “hold” rating to a “buy” rating and set a $109.00 target price for the company in a research note on Thursday, November 7th. Stifel Nicolaus lowered 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 note on Monday, February 3rd. Cfra downgraded shares of International Flavors & Fragrances from a “buy” rating to a “sell” rating and set a $77.00 price objective for the company. in a research note on Thursday, February 20th. Citigroup lowered their price objective on shares of International Flavors & Fragrances from $110.00 to $105.00 and set a “buy” rating for the company in a research note on Wednesday, December 18th. Finally, UBS Group lifted their price objective on shares of International Flavors & Fragrances from $108.00 to $111.00 and gave the stock a “neutral” rating in a research note on Wednesday, November 6th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and twelve have given a buy rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $103.50.

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.