Oppenheimer & Co. Inc. Has $1.99 Million Stake in International Flavors & Fragrances Inc. (NYSE:IFF)

Oppenheimer & Co. Inc. raised its holdings in International Flavors & Fragrances Inc. (NYSE:IFF) by 118.2% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 23,477 shares of the specialty chemicals company’s stock after acquiring an additional 12,717 shares during the quarter. Oppenheimer & Co. Inc.’s holdings in International Flavors & Fragrances were worth $1,985,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. Van ECK Associates Corp boosted its position in shares of International Flavors & Fragrances by 41.6% in the 4th quarter. Van ECK Associates Corp now owns 5,664,250 shares of the specialty chemicals company’s stock worth $478,912,000 after purchasing an additional 1,663,629 shares during the last quarter. Nordea Investment Management AB grew its position in shares of International Flavors & Fragrances by 25.7% during the 4th quarter. Nordea Investment Management AB now owns 5,489,741 shares of the specialty chemicals company’s stock worth $464,926,000 after buying an additional 1,121,414 shares during the period. Robeco Institutional Asset Management B.V. increased its stake in shares of International Flavors & Fragrances by 70.9% in the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 708,081 shares of the specialty chemicals company’s stock valued at $74,299,000 after acquiring an additional 293,760 shares during the last quarter. State Street Corp raised its position in shares of International Flavors & Fragrances by 1.9% in the 3rd quarter. State Street Corp now owns 10,467,517 shares of the specialty chemicals company’s stock valued at $1,102,363,000 after acquiring an additional 196,696 shares during the period. Finally, Zurich Insurance Group Ltd FI bought a new position in International Flavors & Fragrances during the 3rd quarter worth approximately $19,813,000. Institutional investors and hedge funds own 96.02% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have weighed in on the company. Wells Fargo & Company reduced their target price on International Flavors & Fragrances from $115.00 to $105.00 and set an “overweight” rating on the stock in a report on Thursday, February 20th. JPMorgan Chase & Co. dropped 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. Citigroup reduced their price target on shares of International Flavors & Fragrances from $110.00 to $105.00 and set a “buy” rating for the company in a report on Wednesday, December 18th. Barclays reduced 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. Finally, Cfra lowered shares of International Flavors & Fragrances from a “buy” rating to a “sell” rating and set a $77.00 price target on the stock. in a research note on Thursday, February 20th. One analyst has rated the stock with a sell rating, three have given a hold rating and twelve have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $103.50.

International Flavors & Fragrances Stock Performance

Shares of NYSE:IFF opened at $81.96 on Monday. International Flavors & Fragrances Inc. has a 12-month low of $73.82 and a 12-month high of $106.77. The company’s 50 day moving average price is $84.16 and its two-hundred day moving average price is $92.88. The firm has a market cap of $20.96 billion, a PE ratio of 87.19, a PEG ratio of 1.45 and a beta of 1.19. The company has a quick ratio of 1.93, a current ratio of 1.84 and a debt-to-equity ratio of 0.54.

International Flavors & Fragrances (NYSE:IFF) last issued its quarterly earnings results on Tuesday, February 18th. The specialty chemicals company reported $0.97 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.83 by $0.14. The business had revenue of $2.77 billion for the quarter, compared to the consensus estimate of $2.67 billion. International Flavors & Fragrances had a return on equity of 7.72% and a net margin of 2.12%. Equities research analysts predict that International Flavors & Fragrances Inc. will post 4.32 earnings per share for the current year.

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.