International Flavors & Fragrances Inc. (NYSE:IFF) Short Interest Update

International Flavors & Fragrances Inc. (NYSE:IFF) saw a large decline in short interest in January. As of January 15th, there was short interest totaling 7,455,438 shares, a decline of 19.7% from the December 31st total of 9,281,571 shares. Based on an average daily trading volume, of 1,515,538 shares, the short-interest ratio is presently 4.9 days. Approximately 2.9% of the shares of the stock are sold short. Approximately 2.9% of the shares of the stock are sold short. Based on an average daily trading volume, of 1,515,538 shares, the short-interest ratio is presently 4.9 days.

Hedge Funds Weigh In On International Flavors & Fragrances

Several large investors have recently added to or reduced their stakes in IFF. True Wealth Design LLC lifted its holdings in shares of International Flavors & Fragrances by 896.4% during the 3rd quarter. True Wealth Design LLC now owns 548 shares of the specialty chemicals company’s stock worth $34,000 after acquiring an additional 493 shares during the period. Elkhorn Partners Limited Partnership grew its stake in shares of International Flavors & Fragrances by 200.0% in the 2nd quarter. Elkhorn Partners Limited Partnership now owns 600 shares of the specialty chemicals company’s stock valued at $44,000 after purchasing an additional 400 shares during the period. Geneos Wealth Management Inc. raised its holdings in shares of International Flavors & Fragrances by 55.7% in the 1st quarter. Geneos Wealth Management Inc. now owns 587 shares of the specialty chemicals company’s stock worth $46,000 after buying an additional 210 shares in the last quarter. Eastern Bank boosted its stake in International Flavors & Fragrances by 43.9% in the 2nd quarter. Eastern Bank now owns 633 shares of the specialty chemicals company’s stock valued at $47,000 after buying an additional 193 shares in the last quarter. Finally, CYBER HORNET ETFs LLC acquired a new position in International Flavors & Fragrances during the second quarter worth $49,000. Institutional investors and hedge funds own 96.02% of the company’s stock.

International Flavors & Fragrances Stock Performance

Shares of IFF stock traded up $3.92 during trading on Wednesday, reaching $74.30. The company had a trading volume of 2,130,194 shares, compared to its average volume of 1,689,210. The firm’s 50 day simple moving average is $68.31 and its two-hundred day simple moving average is $66.52. International Flavors & Fragrances has a one year low of $59.14 and a one year high of $86.96. The company has a debt-to-equity ratio of 0.33, a current ratio of 1.44 and a quick ratio of 0.87. The company has a market capitalization of $19.03 billion, a PE ratio of -45.86, a PEG ratio of 2.63 and a beta of 1.05.

International Flavors & Fragrances (NYSE:IFF) last released its quarterly earnings results on Tuesday, November 4th. The specialty chemicals company reported $1.05 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.02 by $0.03. International Flavors & Fragrances had a negative net margin of 3.72% and a positive return on equity of 8.03%. The company had revenue of $2.69 billion during the quarter, compared to analysts’ expectations of $2.65 billion. During the same period in the prior year, the company earned $1.04 earnings per share. The business’s quarterly revenue was down 7.9% compared to the same quarter last year. Sell-side analysts forecast that International Flavors & Fragrances will post 4.32 earnings per share for the current year.

Analysts Set New Price Targets

IFF has been the topic of several recent research reports. Bank of America lifted their price target on shares of International Flavors & Fragrances from $84.00 to $88.00 and gave the stock a “buy” rating in a research report on Thursday, January 8th. Citigroup boosted their target price on International Flavors & Fragrances from $77.00 to $83.00 and gave the stock a “buy” rating in a research report on Wednesday, January 21st. Weiss Ratings reissued a “sell (d-)” rating on shares of International Flavors & Fragrances in a research note on Monday, December 29th. Wall Street Zen raised shares of International Flavors & Fragrances from a “sell” rating to a “hold” rating in a research note on Sunday, January 4th. Finally, Barclays boosted their price target on shares of International Flavors & Fragrances from $75.00 to $78.00 and gave the company an “overweight” rating in a report on Friday, January 16th. Twelve research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $86.46.

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.