NEOS Investment Management LLC Raises Stake in International Flavors & Fragrances Inc. $IFF

NEOS Investment Management LLC lifted its stake in shares of International Flavors & Fragrances Inc. (NYSE:IFF) by 54.3% during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 26,630 shares of the specialty chemicals company’s stock after acquiring an additional 9,367 shares during the period. NEOS Investment Management LLC’s holdings in International Flavors & Fragrances were worth $1,639,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also recently modified their holdings of IFF. Dodge & Cox boosted its holdings in International Flavors & Fragrances by 3.8% in the 2nd quarter. Dodge & Cox now owns 35,047,387 shares of the specialty chemicals company’s stock valued at $2,577,735,000 after purchasing an additional 1,272,780 shares during the last quarter. Vanguard Group Inc. boosted its position in shares of International Flavors & Fragrances by 0.8% during the 3rd quarter. Vanguard Group Inc. now owns 31,133,186 shares of the specialty chemicals company’s stock worth $1,915,936,000 after purchasing an additional 252,983 shares during the period. State Street Corp raised its position in International Flavors & Fragrances by 3.6% in the second quarter. State Street Corp now owns 10,884,974 shares of the specialty chemicals company’s stock valued at $804,753,000 after purchasing an additional 381,593 shares during the period. Geode Capital Management LLC lifted its stake in International Flavors & Fragrances by 1.9% during the second quarter. Geode Capital Management LLC now owns 6,459,129 shares of the specialty chemicals company’s stock worth $473,036,000 after purchasing an additional 123,520 shares in the last quarter. Finally, First Eagle Investment Management LLC boosted its position in shares of International Flavors & Fragrances by 122.1% during the second quarter. First Eagle Investment Management LLC now owns 5,441,094 shares of the specialty chemicals company’s stock worth $400,192,000 after buying an additional 2,991,405 shares during the period. Hedge funds and other institutional investors own 96.02% of the company’s stock.

International Flavors & Fragrances Trading Down 0.3%

IFF opened at $81.37 on Friday. The firm has a market cap of $20.84 billion, a price-to-earnings ratio of -59.39, a price-to-earnings-growth ratio of 2.13 and a beta of 1.05. The business’s 50 day moving average is $71.47 and its two-hundred day moving average is $67.07. The company has a quick ratio of 0.85, a current ratio of 1.42 and a debt-to-equity ratio of 0.33. International Flavors & Fragrances Inc. has a 52 week low of $59.14 and a 52 week high of $84.45.

International Flavors & Fragrances (NYSE:IFF) last announced its earnings results on Wednesday, February 11th. The specialty chemicals company reported $0.80 EPS for the quarter, missing analysts’ consensus estimates of $0.85 by ($0.05). The business had revenue of $2.59 billion during the quarter, compared to analysts’ expectations of $2.52 billion. International Flavors & Fragrances had a negative net margin of 3.20% and a positive return on equity of 7.67%. International Flavors & Fragrances’s quarterly revenue was down 6.6% on a year-over-year basis. During the same period in the previous year, the company posted $0.97 earnings per share. On average, research analysts predict that International Flavors & Fragrances Inc. will post 4.32 EPS for the current year.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on the company. Mizuho lifted their target price on International Flavors & Fragrances from $75.00 to $85.00 and gave the company an “outperform” rating in a research report on Thursday, February 12th. BNP Paribas Exane cut their target price on shares of International Flavors & Fragrances from $89.00 to $88.00 and set an “outperform” rating on the stock in a research note on Friday, February 13th. UBS Group boosted their price target on shares of International Flavors & Fragrances from $71.00 to $85.00 and gave the stock a “neutral” rating in a research note on Friday, February 13th. Wells Fargo & Company boosted their target price on International Flavors & Fragrances from $85.00 to $100.00 and gave the stock an “overweight” rating in a research note on Friday, February 13th. Finally, Bank of America increased their price target on International Flavors & Fragrances from $84.00 to $88.00 and gave the company a “buy” rating in a research report on Thursday, January 8th. Thirteen analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $91.17.

About International Flavors & Fragrances

International Flavors & Fragrances Inc (NYSE:IFF) is a global leader in the creation and production of flavors, fragrances, cosmetic actives and nutritional lipids. The company develops taste and scent solutions for a wide array of end markets including food and beverage, personal care, household goods and pharmaceutical products. Its portfolio spans natural and nature-identical flavors, fine fragrances, functional ingredients for skin and hair care, and specialty oils that enhance nutritional value and sensory appeal.

IFF’s research and development network comprises innovation centers in North America, Europe, Asia-Pacific and Latin America, where multidisciplinary teams collaborate on aroma chemistry, sensory science and biotechnology.