Mount Yale Investment Advisors LLC Lowers Stock Holdings in International Flavors & Fragrances Inc. (NYSE:IFF)

Mount Yale Investment Advisors LLC cut its holdings in International Flavors & Fragrances Inc. (NYSE:IFF) by 17.4% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 6,063 shares of the specialty chemicals company’s stock after selling 1,274 shares during the quarter. Mount Yale Investment Advisors LLC’s holdings in International Flavors & Fragrances were worth $513,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the business. Sumitomo Mitsui Trust Group Inc. lifted its holdings in International Flavors & Fragrances by 1.2% during 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 purchasing an additional 7,553 shares in the last quarter. Covea Finance lifted its stake in International Flavors & Fragrances by 79.0% in the 4th quarter. Covea Finance now owns 123,090 shares of the specialty chemicals company’s stock valued at $10,407,000 after buying an additional 54,340 shares in the last quarter. B. Metzler seel. Sohn & Co. Holding AG acquired a new stake in International Flavors & Fragrances in the 3rd quarter worth about $1,740,000. Soros Fund Management LLC purchased a new stake in International Flavors & Fragrances during the 3rd quarter worth approximately $2,369,000. Finally, S.E.E.D. Planning Group LLC raised its holdings in shares of International Flavors & Fragrances by 372.9% during the fourth quarter. S.E.E.D. Planning Group LLC now owns 63,104 shares of the specialty chemicals company’s stock valued at $5,335,000 after acquiring an additional 49,761 shares during the last quarter. Hedge funds and other institutional investors own 96.02% of the company’s stock.

International Flavors & Fragrances Trading Down 1.2 %

NYSE IFF opened at $86.58 on Wednesday. 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 stock has a market capitalization of $22.14 billion, a P/E ratio of -9.52, a PEG ratio of 1.51 and a beta of 1.18. The firm’s 50-day moving average is $86.42 and its two-hundred day moving average is $95.01. International Flavors & Fragrances Inc. has a 12 month low of $72.94 and a 12 month high of $106.77.

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

Insider Activity

In other news, insider Yuvraj Arora sold 5,000 shares of the firm’s stock in a transaction that occurred on Monday, November 11th. The shares were sold at an average price of $91.75, for a total value of $458,750.00. Following the completion of the transaction, the insider now owns 3,238 shares of the company’s stock, valued at approximately $297,086.50. This trade represents a 60.69 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Insiders own 0.20% of the company’s stock.

Analyst Ratings Changes

IFF has been the subject of several research reports. Morgan Stanley upgraded International Flavors & Fragrances from an “equal weight” rating to an “overweight” rating and dropped their price target for the stock from $111.00 to $110.00 in a research report on Tuesday, November 12th. Oppenheimer reduced their target price on shares of International Flavors & Fragrances from $117.00 to $114.00 and set an “outperform” rating for the company in a research report on Tuesday. JPMorgan Chase & Co. lowered their price target on shares of International Flavors & Fragrances from $110.00 to $107.00 and set an “overweight” rating on the stock in a research report on Thursday, November 7th. Vertical Research upgraded shares of International Flavors & Fragrances from a “hold” rating to a “buy” rating and set a $109.00 price objective for the company in a report on Thursday, November 7th. Finally, Bank of America upgraded International Flavors & Fragrances from a “neutral” rating to a “buy” rating and set a $107.00 target price on the stock in a report on Friday, November 8th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and twelve have given a buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $109.00.

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.