International Flavors & Fragrances Sees Unusually High Options Volume (NYSE:IFF)

International Flavors & Fragrances Inc. (NYSE:IFF) was the recipient of some unusual options trading activity on Thursday. Investors purchased 6,394 call options on the company. This is an increase of 846% compared to the average volume of 676 call options.

International Flavors & Fragrances Stock Performance

Shares of International Flavors & Fragrances stock traded up $0.64 during trading on Thursday, reaching $85.32. The company’s stock had a trading volume of 153,798 shares, compared to its average volume of 1,338,168. International Flavors & Fragrances has a 52 week low of $72.94 and a 52 week high of $106.77. The firm has a market cap of $21.81 billion, a PE ratio of -9.38, a P/E/G ratio of 1.54 and a beta of 1.19. The business’s 50-day moving average price is $85.38 and its 200-day moving average price is $94.12. The company has a quick ratio of 1.93, a current ratio of 2.62 and a debt-to-equity ratio of 0.58.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in IFF. Northwest Investment Counselors LLC bought a new position in International Flavors & Fragrances in the 3rd quarter valued at about $27,000. SBI Securities Co. Ltd. bought a new stake in shares of International Flavors & Fragrances during the 4th quarter valued at approximately $32,000. Fairway Wealth LLC acquired a new position in International Flavors & Fragrances during the 4th quarter worth approximately $34,000. Point72 Hong Kong Ltd acquired a new stake in International Flavors & Fragrances in the third quarter valued at approximately $42,000. Finally, Rialto Wealth Management LLC acquired a new stake in shares of International Flavors & Fragrances during the 4th quarter valued at $42,000. 96.02% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several brokerages have recently issued reports on IFF. Barclays decreased their price target on shares of International Flavors & Fragrances from $90.00 to $88.00 and set an “equal weight” rating for the company in a report on Friday, January 17th. JPMorgan Chase & Co. dropped their target price on shares of International Flavors & Fragrances from $110.00 to $107.00 and set an “overweight” rating on the stock in a report on Thursday, November 7th. Stifel Nicolaus reduced their price target on shares of International Flavors & Fragrances from $113.00 to $105.00 and set a “buy” rating for the company in a report on Monday, February 3rd. Morgan Stanley upgraded shares of International Flavors & Fragrances from an “equal weight” rating to an “overweight” rating and dropped their price objective for the stock from $111.00 to $110.00 in a report on Tuesday, November 12th. Finally, Citigroup cut their price objective on shares of International Flavors & Fragrances from $110.00 to $105.00 and set a “buy” rating on the stock in a research report on Wednesday, December 18th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and twelve have given a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $107.77.

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.