International Flavors & Fragrances Inc. (NYSE:IFF) Shares Sold by Folger Nolan Fleming Douglas Capital Management Inc.

Folger Nolan Fleming Douglas Capital Management Inc. cut its holdings in International Flavors & Fragrances Inc. (NYSE:IFF) by 9.1% in the 3rd quarter, HoldingsChannel reports. The institutional investor owned 136,202 shares of the specialty chemicals company’s stock after selling 13,599 shares during the period. International Flavors & Fragrances makes up about 1.4% of Folger Nolan Fleming Douglas Capital Management Inc.’s portfolio, making the stock its 20th largest holding. Folger Nolan Fleming Douglas Capital Management Inc.’s holdings in International Flavors & Fragrances were worth $14,292,000 as of its most recent SEC filing.

A number of other institutional investors have also modified their holdings of the business. BNP Paribas Financial Markets lifted its stake in International Flavors & Fragrances by 23.6% in the first quarter. BNP Paribas Financial Markets now owns 263,720 shares of the specialty chemicals company’s stock valued at $22,677,000 after buying an additional 50,405 shares during the last quarter. Norden Group LLC boosted its stake in International Flavors & Fragrances by 313.1% during the 1st quarter. Norden Group LLC now owns 10,678 shares of the specialty chemicals company’s stock valued at $919,000 after purchasing an additional 8,093 shares during the period. Sei Investments Co. grew its position in International Flavors & Fragrances by 55.4% in the 1st quarter. Sei Investments Co. now owns 101,015 shares of the specialty chemicals company’s stock worth $8,686,000 after purchasing an additional 36,026 shares during the last quarter. Sumitomo Mitsui Trust Holdings Inc. increased its stake in shares of International Flavors & Fragrances by 8.3% in the first quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 650,879 shares of the specialty chemicals company’s stock valued at $55,969,000 after purchasing an additional 49,614 shares during the period. Finally, Quantbot Technologies LP bought a new stake in shares of International Flavors & Fragrances during the first quarter valued at approximately $1,115,000. Institutional investors own 96.02% of the company’s stock.

International Flavors & Fragrances Stock Performance

Shares of NYSE IFF opened at $101.13 on Thursday. The stock’s fifty day simple moving average is $103.04 and its 200 day simple moving average is $97.62. The stock has a market capitalization of $25.85 billion, a price-to-earnings ratio of -10.97, a PEG ratio of 1.86 and a beta of 1.22. 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.

International Flavors & Fragrances (NYSE:IFF) last released its quarterly earnings results on Tuesday, August 6th. The specialty chemicals company reported $1.16 earnings per share for the quarter, beating analysts’ consensus estimates of $1.01 by $0.15. The business had revenue of $2.89 billion during the quarter, compared to analyst estimates of $2.83 billion. International Flavors & Fragrances had a positive return on equity of 6.63% and a negative net margin of 20.82%. International Flavors & Fragrances’s revenue for the quarter was down 1.4% on a year-over-year basis. During the same quarter last year, the company posted $0.86 EPS. As a group, sell-side analysts forecast that International Flavors & Fragrances Inc. will post 4.23 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several analysts recently commented on the company. UBS Group lowered their target price on International Flavors & Fragrances from $107.00 to $103.00 and set a “neutral” rating on the stock in a research report on Thursday, August 15th. Oppenheimer lifted their price objective on shares of International Flavors & Fragrances from $116.00 to $117.00 and gave the company an “outperform” rating in a research note on Wednesday, September 11th. JPMorgan Chase & Co. increased their target price on shares of International Flavors & Fragrances from $102.00 to $110.00 and gave the company an “overweight” rating in a research report on Friday, September 6th. Mizuho raised shares of International Flavors & Fragrances from a “neutral” rating to an “outperform” rating and upped their price target for the stock from $109.00 to $120.00 in a research note on Tuesday, September 3rd. Finally, Barclays raised their price objective on shares of International Flavors & Fragrances from $93.00 to $99.00 and gave the company an “equal weight” rating in a research note on Friday, October 11th. 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 company has a consensus rating of “Moderate Buy” and an average target price 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.