Everett Harris & Co. CA Acquires 500 Shares of International Flavors & Fragrances Inc. (NYSE:IFF)

Everett Harris & Co. CA lifted its holdings in shares of International Flavors & Fragrances Inc. (NYSE:IFF) by 2.2% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 23,205 shares of the specialty chemicals company’s stock after buying an additional 500 shares during the quarter. Everett Harris & Co. CA’s holdings in International Flavors & Fragrances were worth $1,962,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of IFF. Northwest Investment Counselors LLC bought a new position in shares of International Flavors & Fragrances in the third quarter worth $27,000. Point72 Hong Kong Ltd bought a new stake in International Flavors & Fragrances during the 3rd quarter worth approximately $42,000. Oakworth Capital Inc. purchased a new position in shares of International Flavors & Fragrances during the 3rd quarter valued at $44,000. Eastern Bank bought a new position in shares of International Flavors & Fragrances in the third quarter worth $46,000. Finally, Ashton Thomas Securities LLC bought a new stake in International Flavors & Fragrances during the third quarter valued at $48,000. 96.02% of the stock is owned by institutional investors.

International Flavors & Fragrances Trading Down 0.7 %

Shares of IFF stock opened at $87.07 on Friday. The company has a quick ratio of 1.93, a current ratio of 2.62 and a debt-to-equity ratio of 0.58. The stock has a fifty day moving average of $86.24 and a 200 day moving average of $94.83. International Flavors & Fragrances Inc. has a 52 week low of $72.94 and a 52 week high of $106.77.

International Flavors & Fragrances (NYSE:IFF) last announced its earnings results on Tuesday, November 5th. The specialty chemicals company reported $0.62 earnings per share for the quarter, missing analysts’ consensus estimates of $1.08 by ($0.46). International Flavors & Fragrances had a negative net margin of 20.33% and a positive return on equity of 7.16%. The company had revenue of $2.93 billion for the quarter, compared to the consensus estimate of $2.83 billion. During the same period in the previous year, the firm posted $0.89 EPS. The company’s revenue for the quarter was up 3.7% on a year-over-year basis. As a group, research analysts predict that International Flavors & Fragrances Inc. will post 4.15 earnings per share for the current fiscal year.

Insider Activity

In related news, insider Yuvraj Arora sold 5,000 shares of International Flavors & Fragrances stock in a transaction dated Monday, November 11th. The shares were sold at an average price of $91.75, for a total transaction of $458,750.00. Following the completion of the transaction, the insider now directly owns 3,238 shares of the company’s stock, valued at $297,086.50. This trade represents a 60.69 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. 0.20% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

IFF has been the subject of a number of research analyst reports. Barclays dropped their price target on 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. Bank of America upgraded shares of International Flavors & Fragrances from a “neutral” rating to a “buy” rating and set a $107.00 target price for the company in a research report on Friday, November 8th. Argus raised shares of International Flavors & Fragrances from a “hold” rating to a “buy” rating in a report on Tuesday, January 7th. Stifel Nicolaus increased their target price on International Flavors & Fragrances from $115.00 to $121.00 and gave the company a “buy” rating in a research note on Thursday, October 24th. Finally, Citigroup dropped their price target on 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. One research analyst has rated the stock with a sell rating, three have issued a hold rating and twelve have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $109.00.

About International Flavors & Fragrances

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.