Staley Capital Advisers Inc. Purchases 201,400 Shares of International Flavors & Fragrances Inc. $IFF

Staley Capital Advisers Inc. lifted its position in International Flavors & Fragrances Inc. (NYSE:IFF) by 30.7% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 857,978 shares of the specialty chemicals company’s stock after acquiring an additional 201,400 shares during the quarter. International Flavors & Fragrances accounts for approximately 2.2% of Staley Capital Advisers Inc.’s investment portfolio, making the stock its 14th largest holding. Staley Capital Advisers Inc. owned approximately 0.34% of International Flavors & Fragrances worth $52,800,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Dodge & Cox raised its holdings in shares of International Flavors & Fragrances by 3.8% in the 2nd 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. raised its stake in International Flavors & Fragrances by 0.8% in the third quarter. Vanguard Group Inc. now owns 31,133,186 shares of the specialty chemicals company’s stock worth $1,915,936,000 after buying an additional 252,983 shares in the last quarter. State Street Corp lifted its holdings in International Flavors & Fragrances by 3.6% during the second 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 boosted its position in International Flavors & Fragrances by 1.9% during the 2nd quarter. Geode Capital Management LLC now owns 6,459,129 shares of the specialty chemicals company’s stock valued at $473,036,000 after acquiring an additional 123,520 shares in the last quarter. Finally, First Eagle Investment Management LLC increased its holdings in shares of International Flavors & Fragrances by 122.1% in the 2nd 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. 96.02% of the stock is currently owned by institutional investors.

International Flavors & Fragrances Trading Up 1.6%

NYSE IFF opened at $82.21 on Monday. International Flavors & Fragrances Inc. has a 12-month low of $59.14 and a 12-month high of $84.45. The company has a fifty day simple moving average of $73.11 and a two-hundred day simple moving average of $67.65. The company has a current ratio of 1.42, a quick ratio of 0.85 and a debt-to-equity ratio of 0.33. The stock has a market cap of $21.06 billion, a P/E ratio of -60.01, a P/E/G ratio of 2.16 and a beta of 0.99.

International Flavors & Fragrances (NYSE:IFF) last released its earnings results 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 negative net margin of 3.20% and a positive return on equity of 7.67%. The firm had revenue of $2.59 billion during the quarter, compared to analyst estimates of $2.52 billion. During the same period in the previous year, the company earned $0.97 earnings per share. International Flavors & Fragrances’s revenue was down 6.6% on a year-over-year basis. On average, analysts forecast that International Flavors & Fragrances Inc. will post 4.32 earnings per share for the current year.

Analyst Upgrades and Downgrades

IFF has been the topic of a number of recent research reports. BNP Paribas Exane dropped their price objective on International Flavors & Fragrances from $89.00 to $88.00 and set an “outperform” rating on the stock in a research report on Friday, February 13th. Mizuho raised their price target on shares of International Flavors & Fragrances from $75.00 to $85.00 and gave the company an “outperform” rating in a report on Thursday, February 12th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of International Flavors & Fragrances in a research report on Monday, December 29th. UBS Group increased their target price 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. Finally, Citigroup lifted their price target on shares of International Flavors & Fragrances from $83.00 to $95.00 and gave the stock a “buy” rating in a report on Friday, February 13th. Thirteen research 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’s stock. According to MarketBeat.com, the company currently has an average 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.