Inspire Trust Co. N.A. Raises Position in International Flavors & Fragrances Inc. $IFF

Inspire Trust Co. N.A. boosted its holdings in International Flavors & Fragrances Inc. (NYSE:IFF) by 60.5% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 61,000 shares of the specialty chemicals company’s stock after purchasing an additional 23,000 shares during the period. Inspire Trust Co. N.A.’s holdings in International Flavors & Fragrances were worth $3,754,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. First Eagle Investment Management LLC increased its holdings in shares of International Flavors & Fragrances by 122.1% in 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. Ilex Capital Partners UK LLP bought a new position in International Flavors & Fragrances during the 2nd quarter worth approximately $212,090,000. Ameriprise Financial Inc. increased its stake in International Flavors & Fragrances by 1,842.0% in the 2nd quarter. Ameriprise Financial Inc. now owns 2,491,606 shares of the specialty chemicals company’s stock worth $183,264,000 after purchasing an additional 2,363,307 shares during the period. Norges Bank bought a new stake in International Flavors & Fragrances in the second quarter valued at approximately $152,736,000. Finally, Dodge & Cox lifted its position in International Flavors & Fragrances by 3.8% in the second 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. 96.02% of the stock is owned by institutional investors.

Analysts Set New Price Targets

IFF has been the topic of several recent analyst reports. Wall Street Zen upgraded shares of International Flavors & Fragrances from a “sell” rating to a “hold” rating in a report on Sunday, January 4th. Barclays raised their price target on shares of International Flavors & Fragrances from $78.00 to $91.00 and gave the stock an “overweight” rating in a report on Friday, February 13th. Citigroup boosted their price objective on shares of International Flavors & Fragrances from $83.00 to $95.00 and gave the company a “buy” rating in a research report on Friday, February 13th. UBS Group increased their target price on shares of International Flavors & Fragrances from $71.00 to $85.00 and gave the stock a “neutral” rating in a report on Friday, February 13th. Finally, Mizuho raised their target price on International Flavors & Fragrances from $75.00 to $85.00 and gave the stock an “outperform” rating in a research note on Thursday, February 12th. Thirteen analysts have rated the stock with a Buy rating, three have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $91.17.

International Flavors & Fragrances Trading Down 0.3%

Shares of IFF opened at $81.37 on Friday. International Flavors & Fragrances Inc. has a 1-year low of $59.14 and a 1-year high of $84.45. The company has a current ratio of 1.42, a quick ratio of 0.85 and a debt-to-equity ratio of 0.33. The firm’s 50-day moving average price is $71.47 and its 200-day moving average price is $67.04. The firm has a market capitalization of $20.84 billion, a price-to-earnings ratio of -59.39, a PEG ratio of 2.12 and a beta of 1.05.

International Flavors & Fragrances (NYSE:IFF) last released its quarterly earnings results on Wednesday, February 11th. The specialty chemicals company reported $0.80 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.85 by ($0.05). The company had revenue of $2.59 billion during the quarter, compared to the consensus estimate of $2.52 billion. International Flavors & Fragrances had a positive return on equity of 7.67% and a negative net margin of 3.20%.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 earned $0.97 earnings per share. Sell-side analysts anticipate that International Flavors & Fragrances Inc. will post 4.32 EPS for the current year.

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.