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

Mount Yale Investment Advisors LLC lowered its position in shares of International Flavors & Fragrances Inc. (NYSE:IFF) by 17.4% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 6,063 shares of the specialty chemicals company’s stock after selling 1,274 shares during the period. Mount Yale Investment Advisors LLC’s holdings in International Flavors & Fragrances were worth $513,000 at the end of the most recent quarter.

A number of other hedge funds also recently added to or reduced their stakes in IFF. Pacer Advisors Inc. raised its holdings in shares of International Flavors & Fragrances by 22.5% in the 4th quarter. Pacer Advisors Inc. now owns 31,157 shares of the specialty chemicals company’s stock valued at $2,634,000 after purchasing an additional 5,713 shares in the last quarter. Blue Trust Inc. raised its stake in International Flavors & Fragrances by 6.0% in the fourth quarter. Blue Trust Inc. now owns 3,528 shares of the specialty chemicals company’s stock worth $298,000 after buying an additional 199 shares in the last quarter. Olstein Capital Management L.P. lifted its holdings in International Flavors & Fragrances by 28.4% during the fourth quarter. Olstein Capital Management L.P. now owns 104,000 shares of the specialty chemicals company’s stock worth $8,793,000 after buying an additional 23,000 shares during the period. MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH boosted its position in International Flavors & Fragrances by 29.0% during the 4th quarter. MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH now owns 27,896 shares of the specialty chemicals company’s stock valued at $2,342,000 after acquiring an additional 6,277 shares in the last quarter. Finally, Albion Financial Group UT increased its holdings in shares of International Flavors & Fragrances by 1.3% in the 4th quarter. Albion Financial Group UT now owns 29,400 shares of the specialty chemicals company’s stock valued at $2,486,000 after acquiring an additional 389 shares during the period. 96.02% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on IFF shares. Bank of America raised International Flavors & Fragrances from a “neutral” rating to a “buy” rating and set a $107.00 price objective on the stock in a research report on Friday, November 8th. Vertical Research raised shares of International Flavors & Fragrances from a “hold” rating to a “buy” rating and set a $109.00 price objective on the stock in a research report on Thursday, November 7th. UBS Group increased their target price on shares of International Flavors & Fragrances from $108.00 to $111.00 and gave the company a “neutral” rating in a research report on Wednesday, November 6th. Argus raised shares of International Flavors & Fragrances from a “hold” rating to a “buy” rating in a report on Tuesday, January 7th. Finally, Oppenheimer decreased their price objective on International Flavors & Fragrances from $117.00 to $114.00 and set an “outperform” rating for the company in a report on Tuesday. One research analyst has rated the stock with a sell rating, three have given a hold rating and twelve have assigned a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $109.00.

Insider Transactions at International Flavors & Fragrances

In related news, insider Yuvraj Arora sold 5,000 shares of the business’s stock in a transaction 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 directly owns 3,238 shares in the company, valued at $297,086.50. The trade was a 60.69 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Company insiders own 0.20% of the company’s stock.

International Flavors & Fragrances Price Performance

Shares of NYSE:IFF opened at $86.58 on Wednesday. The company has a current ratio of 2.62, a quick ratio of 1.93 and a debt-to-equity ratio of 0.58. International Flavors & Fragrances Inc. has a twelve month low of $72.94 and a twelve month high of $106.77. The company’s 50 day moving average is $86.42 and its 200 day moving average is $95.01. The company has a market cap of $22.14 billion, a PE ratio of -9.52, a price-to-earnings-growth ratio of 1.51 and a beta of 1.18.

International Flavors & Fragrances (NYSE:IFF) last issued its earnings results on Tuesday, November 5th. The specialty chemicals company reported $0.62 earnings per share (EPS) for the quarter, missing the consensus estimate 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 business had revenue of $2.93 billion for the quarter, compared to analysts’ expectations of $2.83 billion. During the same period last year, the business earned $0.89 EPS. The company’s revenue for the quarter was up 3.7% on a year-over-year basis. On average, sell-side analysts forecast that International Flavors & Fragrances Inc. will post 4.15 EPS for the current 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.