ICICI Prudential Asset Management Co Ltd Buys 26,400 Shares of International Flavors & Fragrances Inc. $IFF

ICICI Prudential Asset Management Co Ltd grew its stake in International Flavors & Fragrances Inc. (NYSE:IFF) by 27.4% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 122,886 shares of the specialty chemicals company’s stock after acquiring an additional 26,400 shares during the quarter. ICICI Prudential Asset Management Co Ltd’s holdings in International Flavors & Fragrances were worth $7,562,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of IFF. Dodge & Cox increased its stake 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 in the last quarter. Vanguard Group Inc. increased its position in shares of International Flavors & Fragrances by 0.8% in the 3rd quarter. Vanguard Group Inc. now owns 31,133,186 shares of the specialty chemicals company’s stock valued at $1,915,936,000 after buying an additional 252,983 shares in the last quarter. State Street Corp raised its stake in International Flavors & Fragrances by 3.6% during the 2nd quarter. State Street Corp now owns 10,884,974 shares of the specialty chemicals company’s stock worth $804,753,000 after buying an additional 381,593 shares during the period. Geode Capital Management LLC lifted its holdings in International Flavors & Fragrances by 1.9% during the second quarter. Geode Capital Management LLC now owns 6,459,129 shares of the specialty chemicals company’s stock worth $473,036,000 after acquiring an additional 123,520 shares in the last quarter. Finally, First Eagle Investment Management LLC grew its stake in 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 valued at $400,192,000 after acquiring an additional 2,991,405 shares during the period. Institutional investors and hedge funds own 96.02% of the company’s stock.

International Flavors & Fragrances Stock Performance

Shares of IFF stock opened at $81.63 on Friday. International Flavors & Fragrances Inc. has a 52 week low of $59.14 and a 52 week high of $84.45. The company has a market capitalization of $20.91 billion, a price-to-earnings ratio of -59.58, a PEG ratio of 2.16 and a beta of 1.05. The company has a 50-day simple moving average of $71.11 and a 200 day simple moving average of $66.99. The company has a debt-to-equity ratio of 0.33, a quick ratio of 0.85 and a current ratio of 1.42.

International Flavors & Fragrances (NYSE:IFF) last issued its quarterly earnings data on Wednesday, February 11th. The specialty chemicals company reported $0.80 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.85 by ($0.05). International Flavors & Fragrances had a positive return on equity of 7.67% and a negative net margin of 3.20%.The company had revenue of $2.59 billion for the quarter, compared to analyst estimates of $2.52 billion. During the same quarter last year, the business earned $0.97 earnings per share. The company’s revenue was down 6.6% on a year-over-year basis. On average, sell-side analysts predict that International Flavors & Fragrances Inc. will post 4.32 earnings per share for the current year.

Analyst Ratings Changes

A number of research firms have recently commented on IFF. Barclays raised their price target on International Flavors & Fragrances from $78.00 to $91.00 and gave the stock an “overweight” rating in a research report on Friday, February 13th. Berenberg Bank reduced their price target on shares of International Flavors & Fragrances from $78.30 to $77.50 and set a “hold” rating for the company in a report on Thursday, February 5th. Wells Fargo & Company increased their price objective on shares of International Flavors & Fragrances from $85.00 to $100.00 and gave the stock an “overweight” rating in a research report on Friday, February 13th. Deutsche Bank Aktiengesellschaft lifted their target price on International Flavors & Fragrances from $75.00 to $95.00 and gave the company a “buy” rating in a research report on Tuesday. Finally, Citigroup boosted their price target on shares of International Flavors & Fragrances from $83.00 to $95.00 and gave the stock a “buy” 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 issued a Sell rating to the company’s stock. According to MarketBeat, International Flavors & Fragrances presently has a consensus rating of “Moderate Buy” and a consensus target price of $91.17.

International Flavors & Fragrances Company Profile

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.