International Flavors & Fragrances Inc. (NYSE:IFF) Shares Sold by Byrne Asset Management LLC

Byrne Asset Management LLC lowered its stake in shares of International Flavors & Fragrances Inc. (NYSE:IFF) by 8.3% in the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 6,427 shares of the specialty chemicals company’s stock after selling 580 shares during the period. Byrne Asset Management LLC’s holdings in International Flavors & Fragrances were worth $543,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. Sumitomo Mitsui Trust Group Inc. grew its stake in shares of International Flavors & Fragrances by 1.2% in the third quarter. Sumitomo Mitsui Trust Group Inc. now owns 615,006 shares of the specialty chemicals company’s stock valued at $64,533,000 after buying an additional 7,553 shares in the last quarter. Covea Finance lifted its position in shares of International Flavors & Fragrances by 79.0% during the fourth quarter. Covea Finance now owns 123,090 shares of the specialty chemicals company’s stock worth $10,407,000 after purchasing an additional 54,340 shares in the last quarter. U.S. Capital Wealth Advisors LLC purchased a new position in shares of International Flavors & Fragrances in the fourth quarter valued at approximately $7,508,000. B. Metzler seel. Sohn & Co. Holding AG purchased a new stake in International Flavors & Fragrances during the 3rd quarter worth approximately $1,740,000. Finally, Soros Fund Management LLC acquired a new stake in International Flavors & Fragrances during the 3rd quarter worth approximately $2,369,000. Institutional investors and hedge funds own 96.02% of the company’s stock.

Wall Street Analysts Forecast Growth

IFF has been the topic of a number of recent research reports. Citigroup cut their price objective on International Flavors & Fragrances from $110.00 to $105.00 and set a “buy” rating on the stock in a research report on Wednesday, December 18th. Vertical Research upgraded International Flavors & Fragrances from a “hold” rating to a “buy” rating and set a $109.00 price target on the stock in a report on Thursday, November 7th. UBS Group upped their target price on shares of International Flavors & Fragrances from $108.00 to $111.00 and gave the stock a “neutral” rating in a research note on Wednesday, November 6th. JPMorgan Chase & Co. decreased their price target on shares of International Flavors & Fragrances from $110.00 to $107.00 and set an “overweight” rating for the company in a research note on Thursday, November 7th. Finally, Argus upgraded shares of International Flavors & Fragrances from a “hold” rating to a “buy” rating in a report on Tuesday, January 7th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and twelve have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $107.77.

Insider Transactions at International Flavors & Fragrances

In other International Flavors & Fragrances news, insider Yuvraj Arora sold 5,000 shares of the business’s stock in a transaction that occurred on Monday, November 11th. The stock was sold at an average price of $91.75, for a total transaction of $458,750.00. Following the transaction, the insider now owns 3,238 shares in the company, valued at approximately $297,086.50. The trade was a 60.69 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Insiders own 0.20% of the company’s stock.

International Flavors & Fragrances Price Performance

Shares of NYSE IFF opened at $84.36 on Friday. The company has a debt-to-equity ratio of 0.58, a current ratio of 2.62 and a quick ratio of 1.93. The business has a 50-day moving average price of $85.71 and a 200 day moving average price of $94.43. International Flavors & Fragrances Inc. has a 52-week low of $72.94 and a 52-week high of $106.77.

International Flavors & Fragrances (NYSE:IFF) last issued its quarterly earnings results on Tuesday, November 5th. The specialty chemicals company reported $0.62 earnings per share for the quarter, missing analysts’ consensus estimates of $1.08 by ($0.46). International Flavors & Fragrances had a positive return on equity of 7.16% and a negative net margin of 20.33%. The business had revenue of $2.93 billion for the quarter, compared to analyst estimates of $2.83 billion. During the same quarter in the prior year, the company earned $0.89 EPS. The firm’s revenue for the quarter was up 3.7% on a year-over-year basis. Equities analysts predict that International Flavors & Fragrances Inc. will post 4.15 EPS for the current year.

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.