Charter Trust Co. lowered its stake in shares of International Flavors & Fragrances Inc. (NYSE:IFF) by 0.6% during the third quarter, Holdings Channel reports. The fund owned 12,730 shares of the company’s stock after selling 75 shares during the period. Charter Trust Co.’s holdings in International Flavors & Fragrances were worth $1,820,000 as of its most recent SEC filing.

Other hedge funds also recently added to or reduced their stakes in the company. Pennsylvania Trust Co acquired a new stake in International Flavors & Fragrances during the second quarter worth $220,000. Dearborn Partners LLC raised its stake in International Flavors & Fragrances by 6.4% in the second quarter. Dearborn Partners LLC now owns 96,646 shares of the company’s stock worth $12,184,000 after buying an additional 5,777 shares during the last quarter. Nisa Investment Advisors LLC raised its stake in International Flavors & Fragrances by 0.3% in the second quarter. Nisa Investment Advisors LLC now owns 16,177 shares of the company’s stock worth $2,039,000 after buying an additional 50 shares during the last quarter. GWM Advisors LLC acquired a new stake in International Flavors & Fragrances during the second quarter worth $414,000. Finally, Capstone Asset Management Co. raised its stake in International Flavors & Fragrances by 5.9% in the second quarter. Capstone Asset Management Co. now owns 9,745 shares of the company’s stock worth $1,229,000 after buying an additional 540 shares during the last quarter. Institutional investors own 75.73% of the company’s stock.

Institutional Ownership by Quarter for International Flavors & Fragrances (NYSE:IFF)

Shares of International Flavors & Fragrances Inc. (NYSE:IFF) traded up 0.75% during midday trading on Tuesday, reaching $121.25. The company had a trading volume of 345,187 shares. The company has a market capitalization of $9.63 billion, a P/E ratio of 24.12 and a beta of 1.15. The company’s 50 day moving average price is $126.88 and its 200-day moving average price is $131.37. International Flavors & Fragrances Inc. has a 52 week low of $97.24 and a 52 week high of $143.64.

International Flavors & Fragrances (NYSE:IFF) last posted its quarterly earnings data on Monday, November 7th. The company reported $1.34 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $1.42 by $0.08. The firm earned $777 million during the quarter, compared to analysts’ expectations of $785.05 million. International Flavors & Fragrances had a net margin of 12.92% and a return on equity of 25.92%. International Flavors & Fragrances’s quarterly revenue was up 1.6% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.39 EPS. On average, equities research analysts predict that International Flavors & Fragrances Inc. will post $5.45 earnings per share for the current fiscal year.

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A number of analysts have weighed in on IFF shares. Deutsche Bank AG reiterated a “hold” rating and issued a $137.00 target price on shares of International Flavors & Fragrances in a research note on Thursday, October 13th. Zacks Investment Research raised International Flavors & Fragrances from a “hold” rating to a “buy” rating and set a $159.00 price target on the stock in a research report on Tuesday, October 4th. Berenberg Bank reissued a “buy” rating and set a $163.40 price target on shares of International Flavors & Fragrances in a research report on Monday, September 26th. Stifel Nicolaus dropped their price target on International Flavors & Fragrances from $140.00 to $121.00 and set a “hold” rating on the stock in a research report on Tuesday, November 8th. Finally, Sanford C. Bernstein assumed coverage on International Flavors & Fragrances in a research report on Monday, September 19th. They set an “outperform” rating and a $160.00 price target on the stock. Five research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average price target of $142.69.

In related news, insider Nicolas Mirzayantz sold 2,945 shares of the business’s stock in a transaction on Tuesday, November 15th. The stock was sold at an average price of $117.56, for a total value of $346,214.20. Following the sale, the insider now owns 57,071 shares in the company, valued at approximately $6,709,266.76. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 0.55% of the stock is owned by corporate insiders.

International Flavors & Fragrances Company Profile

International Flavors & Fragrances Inc (IFF) creates, manufactures and supplies flavors and fragrances (including cosmetic active ingredients) for the food, beverage, personal care and household products industries either in the form of compounds or individual ingredients. The Company operates in two segments: Flavors and Fragrances.

5 Day Chart for NYSE:IFF

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