SG Americas Securities LLC Has $825,000 Stock Holdings in International Flavors & Fragrances Inc. (NYSE:IFF)

SG Americas Securities LLC decreased its stake in shares of International Flavors & Fragrances Inc. (NYSE:IFF) by 39.9% in the 4th quarter, Holdings Channel reports. The fund owned 9,757 shares of the specialty chemicals company’s stock after selling 6,470 shares during the quarter. SG Americas Securities LLC’s holdings in International Flavors & Fragrances were worth $825,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently modified their holdings of the company. Nordea Investment Management AB grew its holdings in shares of International Flavors & Fragrances by 25.7% in the 4th quarter. Nordea Investment Management AB now owns 5,489,741 shares of the specialty chemicals company’s stock valued at $464,926,000 after acquiring an additional 1,121,414 shares in the last quarter. Robeco Institutional Asset Management B.V. grew its stake in International Flavors & Fragrances by 70.9% in the third quarter. Robeco Institutional Asset Management B.V. now owns 708,081 shares of the specialty chemicals company’s stock valued at $74,299,000 after purchasing an additional 293,760 shares in the last quarter. Smith Group Asset Management LLC acquired a new position in shares of International Flavors & Fragrances during the 3rd quarter worth approximately $22,399,000. State Street Corp raised its stake in shares of International Flavors & Fragrances by 1.9% during the 3rd quarter. State Street Corp now owns 10,467,517 shares of the specialty chemicals company’s stock worth $1,102,363,000 after purchasing an additional 196,696 shares in the last quarter. Finally, Zurich Insurance Group Ltd FI acquired a new position in shares of International Flavors & Fragrances during the 3rd quarter worth about $19,813,000. 96.02% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, insider Yuvraj Arora sold 5,000 shares of the business’s stock in a transaction dated Monday, November 11th. The shares were sold at an average price of $91.75, for a total transaction of $458,750.00. Following the transaction, the insider now directly owns 3,238 shares in the company, valued at approximately $297,086.50. The trade was a 60.69 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 0.20% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on IFF shares. Oppenheimer dropped their price objective on shares of International Flavors & Fragrances from $117.00 to $114.00 and set an “outperform” rating on the stock in a research report on Tuesday. UBS Group upped their price target on shares of International Flavors & Fragrances from $108.00 to $111.00 and gave the stock a “neutral” rating in a report on Wednesday, November 6th. Vertical Research upgraded International Flavors & Fragrances from a “hold” rating to a “buy” rating and set a $109.00 price objective for the company in a research report on Thursday, November 7th. Stifel Nicolaus increased their price objective on shares of International Flavors & Fragrances from $115.00 to $121.00 and gave the company a “buy” rating in a research note on Thursday, October 24th. Finally, Barclays cut their target price on shares of International Flavors & Fragrances from $90.00 to $88.00 and set an “equal weight” rating on the stock in a research report on Friday, January 17th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and twelve have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, International Flavors & Fragrances currently has an average rating of “Moderate Buy” and an average price target of $109.00.

International Flavors & Fragrances Stock Performance

Shares of International Flavors & Fragrances stock opened at $86.08 on Thursday. The business has a 50-day simple moving average of $86.36 and a 200 day simple moving average of $94.94. International Flavors & Fragrances Inc. has a one year low of $72.94 and a one year high of $106.77. 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 firm has a market capitalization of $22.01 billion, a price-to-earnings ratio of -9.47, a PEG ratio of 1.51 and a beta of 1.18.

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

About International Flavors & Fragrances

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.