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

Evermay Wealth Management LLC lessened its holdings in shares of International Flavors & Fragrances Inc. (NYSE:IFF) by 49.2% in the third quarter, according to its most recent filing with the SEC. The firm owned 330 shares of the specialty chemicals company’s stock after selling 320 shares during the quarter. Evermay Wealth Management LLC’s holdings in International Flavors & Fragrances were worth $35,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently modified their holdings of the business. Northwest Investment Counselors LLC acquired a new position in shares of International Flavors & Fragrances during the third quarter valued at approximately $27,000. Quent Capital LLC increased its position in shares of International Flavors & Fragrances by 183.2% during the 1st quarter. Quent Capital LLC now owns 371 shares of the specialty chemicals company’s stock valued at $32,000 after purchasing an additional 240 shares during the period. Family Firm Inc. bought a new stake in shares of International Flavors & Fragrances in the 2nd quarter worth $38,000. Fidelis Capital Partners LLC acquired a new stake in shares of International Flavors & Fragrances in the first quarter valued at $44,000. Finally, Larson Financial Group LLC boosted its stake in International Flavors & Fragrances by 5,050.0% during the first quarter. Larson Financial Group LLC now owns 515 shares of the specialty chemicals company’s stock valued at $44,000 after buying an additional 505 shares in the last quarter. Institutional investors own 96.02% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on the stock. Wells Fargo & Company boosted their price target on shares of International Flavors & Fragrances from $110.00 to $115.00 and gave the stock an “overweight” rating in a research report on Thursday, August 8th. JPMorgan Chase & Co. increased their target price on shares of International Flavors & Fragrances from $102.00 to $110.00 and gave the company an “overweight” rating in a research note on Friday, September 6th. Oppenheimer lifted their price target on shares of International Flavors & Fragrances from $116.00 to $117.00 and gave the stock an “outperform” rating in a research report on Wednesday, September 11th. UBS Group cut their price objective on International Flavors & Fragrances from $107.00 to $103.00 and set a “neutral” rating for the company in a research report on Thursday, August 15th. Finally, Stifel Nicolaus lifted their target price on International Flavors & Fragrances from $115.00 to $121.00 and gave the stock a “buy” rating in a report on Thursday, October 24th. One investment analyst has rated the stock with a sell rating, six have given a hold rating and nine have issued a buy rating to the company. According to MarketBeat.com, International Flavors & Fragrances has an average rating of “Moderate Buy” and a consensus target price of $107.86.

International Flavors & Fragrances Stock Performance

IFF stock opened at $101.13 on Thursday. The stock has a market cap of $25.85 billion, a P/E ratio of -10.97, a P/E/G ratio of 1.86 and a beta of 1.22. The company has a debt-to-equity ratio of 0.60, a quick ratio of 1.75 and a current ratio of 2.38. The firm has a 50 day simple moving average of $103.04 and a 200 day simple moving average of $97.62. International Flavors & Fragrances Inc. has a 52 week low of $65.81 and a 52 week high of $106.77.

International Flavors & Fragrances (NYSE:IFF) last posted its quarterly earnings results on Tuesday, August 6th. The specialty chemicals company reported $1.16 earnings per share for the quarter, topping analysts’ consensus estimates of $1.01 by $0.15. The business had revenue of $2.89 billion for the quarter, compared to the consensus estimate of $2.83 billion. International Flavors & Fragrances had a negative net margin of 20.82% and a positive return on equity of 6.63%. International Flavors & Fragrances’s revenue for the quarter was down 1.4% compared to the same quarter last year. During the same period in the prior year, the business posted $0.86 earnings per share. Research analysts anticipate that International Flavors & Fragrances Inc. will post 4.23 earnings per share for the current fiscal year.

About International Flavors & Fragrances

International Flavors & Fragrances Inc, together with its subsidiaries, manufactures and sells cosmetic active and natural health ingredients for use in various consumer products in the United States, Europe, and internationally. It operates through four segments: Nourish, Health & Biosciences, Scent, and Pharma Solutions.