International Flavors & Fragrances Inc. $IFF Stock Holdings Increased by JPMorgan Chase & Co.

JPMorgan Chase & Co. grew its position in shares of International Flavors & Fragrances Inc. (NYSE:IFF) by 28.8% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 1,098,575 shares of the specialty chemicals company’s stock after buying an additional 245,719 shares during the period. JPMorgan Chase & Co. owned about 0.43% of International Flavors & Fragrances worth $67,612,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in IFF. True Wealth Design LLC boosted its holdings in International Flavors & Fragrances by 896.4% in the third quarter. True Wealth Design LLC now owns 548 shares of the specialty chemicals company’s stock worth $34,000 after purchasing an additional 493 shares during the period. Geneos Wealth Management Inc. lifted its position in shares of International Flavors & Fragrances by 55.7% in the 1st quarter. Geneos Wealth Management Inc. now owns 587 shares of the specialty chemicals company’s stock worth $46,000 after buying an additional 210 shares during the last quarter. Elkhorn Partners Limited Partnership boosted its holdings in shares of International Flavors & Fragrances by 200.0% in the 2nd quarter. Elkhorn Partners Limited Partnership now owns 600 shares of the specialty chemicals company’s stock valued at $44,000 after buying an additional 400 shares during the period. CYBER HORNET ETFs LLC bought a new stake in shares of International Flavors & Fragrances during the 2nd quarter valued at about $49,000. Finally, Transamerica Financial Advisors LLC lifted its holdings in International Flavors & Fragrances by 884.1% in the second quarter. Transamerica Financial Advisors LLC now owns 679 shares of the specialty chemicals company’s stock worth $50,000 after acquiring an additional 610 shares during the last quarter. 96.02% of the stock is owned by institutional investors and hedge funds.

International Flavors & Fragrances Price Performance

Shares of IFF opened at $82.11 on Wednesday. International Flavors & Fragrances Inc. has a one year low of $59.14 and a one year high of $84.45. The stock’s fifty day moving average is $72.18 and its 200-day moving average is $67.31. The company has a debt-to-equity ratio of 0.33, a quick ratio of 0.85 and a current ratio of 1.42. The firm has a market capitalization of $21.03 billion, a price-to-earnings ratio of -59.93, a price-to-earnings-growth ratio of 2.14 and a beta of 1.05.

International Flavors & Fragrances (NYSE:IFF) last announced its 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). International Flavors & Fragrances had a negative net margin of 3.20% and a positive return on equity of 7.67%. The company had revenue of $2.59 billion during the quarter, compared to the consensus estimate of $2.52 billion. During the same quarter in the prior year, the company earned $0.97 EPS. The business’s quarterly revenue was down 6.6% on a year-over-year basis. Equities analysts anticipate that International Flavors & Fragrances Inc. will post 4.32 EPS for the current year.

Analysts Set New Price Targets

Several equities analysts have recently commented on IFF shares. Deutsche Bank Aktiengesellschaft upped their target price on International Flavors & Fragrances from $75.00 to $95.00 and gave the company a “buy” rating in a report on Tuesday, February 17th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of International Flavors & Fragrances in a research report on Monday, December 29th. Barclays boosted their price target on shares of International Flavors & Fragrances from $78.00 to $91.00 and gave the company an “overweight” rating in a report on Friday, February 13th. Argus increased their price objective on shares of International Flavors & Fragrances from $70.00 to $80.00 and gave the stock a “buy” rating in a report on Thursday, January 22nd. Finally, UBS Group lifted their price objective on shares of International Flavors & Fragrances from $71.00 to $85.00 and gave the company a “neutral” rating in a research report on Friday, February 13th. Thirteen analysts have rated the stock with a Buy rating, three have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, International Flavors & Fragrances presently has an average rating of “Moderate Buy” and a consensus target price 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.