International Flavors & Fragrances (NYSE:IFF) was downgraded by investment analysts at ValuEngine from a “buy” rating to a “hold” rating in a report released on Wednesday.
IFF has been the topic of several other reports. Citigroup started coverage on shares of International Flavors & Fragrances in a research note on Friday, November 16th. They set a “neutral” rating and a $152.00 price objective on the stock. Zacks Investment Research lowered shares of International Flavors & Fragrances from a “buy” rating to a “hold” rating in a research note on Tuesday, October 16th. Deutsche Bank upgraded shares of International Flavors & Fragrances from a “hold” rating to a “buy” rating and upped their price target for the company from $126.00 to $154.00 in a research note on Tuesday, October 16th. Raymond James lowered shares of International Flavors & Fragrances from a “market perform” rating to an “underperform” rating and set a $135.00 price target on the stock. in a research note on Friday, November 16th. Finally, Stifel Nicolaus reiterated a “hold” rating and issued a $139.00 price target (up previously from $135.00) on shares of International Flavors & Fragrances in a research note on Thursday, August 9th. Three analysts have rated the stock with a sell rating, five have given a hold rating and four have issued a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus price target of $145.00.
International Flavors & Fragrances stock opened at $139.49 on Wednesday. The stock has a market cap of $14.74 billion, a PE ratio of 23.68, a PEG ratio of 2.45 and a beta of 0.88. International Flavors & Fragrances has a fifty-two week low of $122.11 and a fifty-two week high of $157.40. The company has a current ratio of 9.16, a quick ratio of 8.21 and a debt-to-equity ratio of 1.07.
In related news, EVP Francisco Fortanet sold 1,389 shares of the company’s stock in a transaction dated Thursday, September 20th. The shares were sold at an average price of $140.00, for a total value of $194,460.00. Following the transaction, the executive vice president now owns 16,193 shares in the company, valued at approximately $2,267,020. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, major shareholder Winder Investment Pte Ltd purchased 2,800 shares of the firm’s stock in a transaction that occurred on Monday, October 29th. The stock was bought at an average price of $139.91 per share, for a total transaction of $391,748.00. Following the purchase, the insider now owns 18,472,160 shares in the company, valued at approximately $2,584,439,905.60. The disclosure for this purchase can be found here. In the last quarter, insiders purchased 357,000 shares of company stock worth $49,370,717. 0.48% of the stock is owned by company insiders.
Several large investors have recently made changes to their positions in IFF. Piedmont Investment Advisors LLC acquired a new position in shares of International Flavors & Fragrances during the 2nd quarter worth approximately $113,000. Psagot Investment House Ltd. acquired a new position in shares of International Flavors & Fragrances during the 2nd quarter worth approximately $148,000. IFP Advisors Inc grew its position in shares of International Flavors & Fragrances by 40.0% during the 3rd quarter. IFP Advisors Inc now owns 1,399 shares of the specialty chemicals company’s stock worth $195,000 after purchasing an additional 400 shares in the last quarter. Point72 Hong Kong Ltd acquired a new position in shares of International Flavors & Fragrances during the 2nd quarter worth approximately $200,000. Finally, IBM Retirement Fund acquired a new position in shares of International Flavors & Fragrances during the 3rd quarter worth approximately $201,000. Hedge funds and other institutional investors own 70.86% of the company’s stock.
International Flavors & Fragrances Company Profile
International Flavors & Fragrances Inc, together with its subsidiaries, manufactures flavors and fragrances for use in various consumer products. It operates through two segments, Flavors and Fragrances. The Flavors segment offers flavor compounds primarily to the food and beverage industries for use in consumer products, such as prepared foods, beverages, dairy, food, and sweet products.
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