International Flavors & Fragrances Inc. (NYSE:IFF) Shares Sold by Arlington Partners LLC

Arlington Partners LLC lowered its position in International Flavors & Fragrances Inc. (NYSE:IFF) by 33.1% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 27,249 shares of the specialty chemicals company’s stock after selling 13,510 shares during the period. Arlington Partners LLC’s holdings in International Flavors & Fragrances were worth $2,304,000 at the end of the most recent quarter.

A number of other large investors have also modified their holdings of IFF. State Street Corp raised its position 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 during the last quarter. Geode Capital Management LLC raised its position in shares of International Flavors & Fragrances by 1.3% during the 3rd quarter. Geode Capital Management LLC now owns 6,008,830 shares of the specialty chemicals company’s stock worth $628,341,000 after purchasing an additional 77,521 shares during the last quarter. Nordea Investment Management AB raised its position in shares of International Flavors & Fragrances by 25.7% during the 4th quarter. Nordea Investment Management AB now owns 5,489,741 shares of the specialty chemicals company’s stock worth $464,926,000 after purchasing an additional 1,121,414 shares during the last quarter. Charles Schwab Investment Management Inc. raised its position in shares of International Flavors & Fragrances by 1.1% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,498,815 shares of the specialty chemicals company’s stock worth $157,271,000 after purchasing an additional 16,590 shares during the last quarter. Finally, Fort Washington Investment Advisors Inc. OH raised its position in shares of International Flavors & Fragrances by 0.3% during the 4th quarter. Fort Washington Investment Advisors Inc. OH now owns 1,366,218 shares of the specialty chemicals company’s stock worth $115,514,000 after purchasing an additional 3,442 shares during the last quarter. Institutional investors and hedge funds own 96.02% of the company’s stock.

International Flavors & Fragrances Stock Performance

International Flavors & Fragrances stock opened at $84.36 on Monday. The firm has a 50 day simple moving average of $85.71 and a 200-day simple moving average of $94.38. International Flavors & Fragrances Inc. has a 1-year low of $72.94 and a 1-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.

Analyst Upgrades and Downgrades

IFF has been the subject of several research analyst reports. JPMorgan Chase & Co. reduced 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 report on Thursday, November 7th. Oppenheimer reduced their price target 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, January 28th. Morgan Stanley raised shares of International Flavors & Fragrances from an “equal weight” rating to an “overweight” rating and dropped their price objective for the company from $111.00 to $110.00 in a research note on Tuesday, November 12th. Bank of America raised shares of International Flavors & Fragrances from a “neutral” rating to a “buy” rating and set a $107.00 price objective for the company in a research note on Friday, November 8th. Finally, Argus raised shares of International Flavors & Fragrances from a “hold” rating to a “buy” rating in a research note on Tuesday, January 7th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and twelve have assigned a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $107.77.

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.