Sumitomo Mitsui DS Asset Management Company Ltd Increases Stock Position in International Flavors & Fragrances Inc. (NYSE:IFF)

Sumitomo Mitsui DS Asset Management Company Ltd boosted its holdings in shares of International Flavors & Fragrances Inc. (NYSE:IFF) by 8.0% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 30,746 shares of the specialty chemicals company’s stock after buying an additional 2,285 shares during the quarter. Sumitomo Mitsui DS Asset Management Company Ltd’s holdings in International Flavors & Fragrances were worth $2,600,000 as of its most recent SEC filing.

Other large investors also recently bought and sold shares of the company. State Street Corp increased its holdings in shares of International Flavors & Fragrances by 1.9% in the 3rd quarter. State Street Corp now owns 10,467,517 shares of the specialty chemicals company’s stock valued at $1,102,363,000 after acquiring an additional 196,696 shares during the period. Geode Capital Management LLC grew its stake in International Flavors & Fragrances by 1.3% in the third quarter. Geode Capital Management LLC now owns 6,008,830 shares of the specialty chemicals company’s stock valued at $628,341,000 after purchasing an additional 77,521 shares during the last quarter. Nordea Investment Management AB raised its holdings in International Flavors & Fragrances by 25.7% in the fourth quarter. Nordea Investment Management AB now owns 5,489,741 shares of the specialty chemicals company’s stock worth $464,926,000 after purchasing an additional 1,121,414 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its position in shares of International Flavors & Fragrances by 1.1% during the third quarter. Charles Schwab Investment Management Inc. now owns 1,498,815 shares of the specialty chemicals company’s stock valued at $157,271,000 after buying an additional 16,590 shares during the last quarter. Finally, Fort Washington Investment Advisors Inc. OH boosted its holdings in shares of International Flavors & Fragrances by 0.3% in the 4th quarter. Fort Washington Investment Advisors Inc. OH now owns 1,366,218 shares of the specialty chemicals company’s stock valued at $115,514,000 after buying an additional 3,442 shares in the last quarter. Institutional investors own 96.02% of the company’s stock.

International Flavors & Fragrances Stock Performance

Shares of NYSE IFF opened at $84.20 on Tuesday. The company has a 50 day simple moving average of $85.57 and a two-hundred day simple moving average of $94.28. The stock has a market cap of $21.53 billion, a price-to-earnings ratio of -9.26, a PEG ratio of 1.54 and a beta of 1.19. The company has a current ratio of 2.62, a quick ratio of 1.93 and a debt-to-equity ratio of 0.58. International Flavors & Fragrances Inc. has a 12 month low of $72.94 and a 12 month high of $106.77.

Analyst Ratings Changes

A number of equities research analysts recently commented on IFF shares. Bank of America raised shares of International Flavors & Fragrances from a “neutral” rating to a “buy” rating and set a $107.00 target price for the company in a research report on Friday, November 8th. Argus raised International Flavors & Fragrances from a “hold” rating to a “buy” rating in a research report on Tuesday, January 7th. Vertical Research raised International Flavors & Fragrances from a “hold” rating to a “buy” rating and set a $109.00 target price on the stock in a research report on Thursday, November 7th. Oppenheimer lowered their price target on International Flavors & Fragrances from $117.00 to $114.00 and set an “outperform” rating for the company in a report on Tuesday, January 28th. Finally, JPMorgan Chase & Co. cut their price objective on shares of International Flavors & Fragrances from $110.00 to $107.00 and set an “overweight” rating on the stock in a report on Thursday, November 7th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and twelve have issued a buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $107.77.

International Flavors & Fragrances Profile

International Flavors & Fragrances, Inc engages in the manufacture and supply of flavors and fragrances used in the food, beverage, personal care, and household products industries. It operates through the following segments: Nourish, Health & Biosciences, Scent and Pharma Solutions. The Nourish segment consists of legacy Taste segment combined with N&B’s Food & Beverage division and the food protection business of N&B’s Health & Biosciences division.