Securian Asset Management Inc grew its holdings in International Flavors & Fragrances Inc (NYSE:IFF) by 10.2% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 10,334 shares of the specialty chemicals company’s stock after buying an additional 958 shares during the period. Securian Asset Management Inc’s holdings in International Flavors & Fragrances were worth $1,388,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds have also added to or reduced their stakes in the company. Massey Quick Simon & CO. LLC bought a new position in shares of International Flavors & Fragrances in the 4th quarter valued at $27,000. Financial Advantage Inc. bought a new stake in International Flavors & Fragrances during the 4th quarter worth $53,000. Quantamental Technologies LLC bought a new stake in International Flavors & Fragrances during the 4th quarter worth $94,000. First Manhattan Co. grew its position in International Flavors & Fragrances by 14.3% during the 4th quarter. First Manhattan Co. now owns 800 shares of the specialty chemicals company’s stock worth $107,000 after acquiring an additional 100 shares during the last quarter. Finally, ETF Managers Group LLC grew its position in International Flavors & Fragrances by 17.9% during the 4th quarter. ETF Managers Group LLC now owns 969 shares of the specialty chemicals company’s stock worth $130,000 after acquiring an additional 147 shares during the last quarter. 78.65% of the stock is owned by institutional investors.
IFF has been the topic of a number of research reports. Deutsche Bank upgraded International Flavors & Fragrances from a “hold” rating to a “buy” rating and boosted their price objective for the stock from $126.00 to $154.00 in a research report on Tuesday, October 16th. Zacks Investment Research lowered International Flavors & Fragrances from a “buy” rating to a “hold” rating in a research report on Tuesday, October 16th. ValuEngine upgraded International Flavors & Fragrances from a “hold” rating to a “buy” rating in a research report on Tuesday, November 6th. Citigroup initiated coverage on International Flavors & Fragrances in a research report on Friday, November 16th. They set a “neutral” rating and a $152.00 price objective on the stock. Finally, Raymond James lowered International Flavors & Fragrances from a “market perform” rating to an “underperform” rating and set a $135.00 price objective on the stock. in a research report on Friday, November 16th. Three analysts have rated the stock with a sell rating, five have given a hold rating and three have assigned a buy rating to the company. The stock presently has an average rating of “Hold” and an average price target of $145.00.
In related news, major shareholder Winder Investment Pte Ltd bought 10,200 shares of the business’s stock in a transaction on Wednesday, December 12th. The shares were purchased at an average cost of $136.82 per share, with a total value of $1,395,564.00. Following the acquisition, the insider now owns 18,524,958 shares of the company’s stock, valued at $2,534,584,753.56. The purchase was disclosed in a filing with the SEC, which is available through this link. Also, EVP Francisco Fortanet sold 439 shares of International Flavors & Fragrances stock in a transaction dated Wednesday, November 14th. The stock was sold at an average price of $142.30, for a total value of $62,469.70. Following the transaction, the executive vice president now directly owns 15,754 shares in the company, valued at $2,241,794.20. The disclosure for this sale can be found here. Insiders have purchased a total of 1,064,120 shares of company stock worth $140,361,465 in the last 90 days. 0.50% of the stock is currently owned by corporate insiders.
Shares of IFF stock opened at $141.77 on Monday. The firm has a market cap of $15.12 billion, a P/E ratio of 24.07, a PEG ratio of 2.80 and a beta of 0.83. International Flavors & Fragrances Inc has a twelve month low of $122.11 and a twelve month high of $150.57. The company has a debt-to-equity ratio of 1.07, a quick ratio of 8.21 and a current ratio of 9.16.
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International Flavors & Fragrances 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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