RNC Capital Management LLC Sells 1,213 Shares of International Flavors & Fragrances Inc. (NYSE:IFF)

RNC Capital Management LLC decreased its holdings in shares of International Flavors & Fragrances Inc. (NYSE:IFF) by 29.9% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm owned 2,848 shares of the specialty chemicals company’s stock after selling 1,213 shares during the period. RNC Capital Management LLC’s holdings in International Flavors & Fragrances were worth $241,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in the business. Bleakley Financial Group LLC boosted its stake in International Flavors & Fragrances by 9.3% during the fourth quarter. Bleakley Financial Group LLC now owns 9,112 shares of the specialty chemicals company’s stock valued at $770,000 after buying an additional 778 shares during the period. Choreo LLC lifted its stake in International Flavors & Fragrances by 55.7% during the fourth quarter. Choreo LLC now owns 24,401 shares of the specialty chemicals company’s stock worth $2,055,000 after purchasing an additional 8,728 shares during the last quarter. Tectonic Advisors LLC lifted its stake in International Flavors & Fragrances by 15.0% during the fourth quarter. Tectonic Advisors LLC now owns 13,360 shares of the specialty chemicals company’s stock worth $1,130,000 after purchasing an additional 1,744 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. lifted its stake in International Flavors & Fragrances by 30.4% during the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 28,141 shares of the specialty chemicals company’s stock worth $2,377,000 after purchasing an additional 6,561 shares during the last quarter. Finally, E. Ohman J or Asset Management AB lifted its stake in International Flavors & Fragrances by 18.9% during the fourth quarter. E. Ohman J or Asset Management AB now owns 11,934 shares of the specialty chemicals company’s stock worth $1,009,000 after purchasing an additional 1,900 shares during the last quarter. Institutional investors own 96.02% of the company’s stock.

Insiders Place Their Bets

In other International Flavors & Fragrances news, insider Yuvraj Arora sold 5,000 shares of the company’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. This represents a 60.69 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 0.20% of the company’s stock.

International Flavors & Fragrances Stock Down 1.5 %

Shares of NYSE:IFF opened at $84.36 on Friday. International Flavors & Fragrances Inc. has a 1 year low of $72.94 and a 1 year high of $106.77. The company has a market cap of $21.57 billion, a PE ratio of -9.28, a P/E/G ratio of 1.54 and a beta of 1.19. 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’s 50-day moving average is $85.71 and its 200 day moving average is $94.43.

International Flavors & Fragrances (NYSE:IFF) last posted its 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 firm had revenue of $2.93 billion for the quarter, compared to analysts’ expectations of $2.83 billion. During the same quarter last year, the company posted $0.89 EPS. The firm’s revenue was up 3.7% on a year-over-year basis. Sell-side analysts anticipate that International Flavors & Fragrances Inc. will post 4.15 EPS for the current year.

Wall Street Analyst Weigh In

IFF has been the subject of several research analyst reports. JPMorgan Chase & Co. dropped their price target on 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. Morgan Stanley raised 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 note on Tuesday, November 12th. Bank of America raised International Flavors & Fragrances from a “neutral” rating to a “buy” rating and set a $107.00 target price for the company in a research note on Friday, November 8th. Stifel Nicolaus lowered their target price on International Flavors & Fragrances from $113.00 to $105.00 and set a “buy” rating for the company in a research note on Monday, February 3rd. Finally, UBS Group boosted their target price on International Flavors & Fragrances from $108.00 to $111.00 and gave the company a “neutral” rating in a research note on Wednesday, November 6th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and twelve have given a buy rating to the company. According to MarketBeat, International Flavors & Fragrances has an average rating of “Moderate Buy” and a consensus price target of $107.77.

International Flavors & Fragrances Company 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.