67,700 Shares in International Flavors & Fragrances Inc. (NYSE:IFF) Purchased by Adams Diversified Equity Fund Inc.

Adams Diversified Equity Fund Inc. purchased a new position in shares of International Flavors & Fragrances Inc. (NYSE:IFF) in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 67,700 shares of the specialty chemicals company’s stock, valued at approximately $7,104,000.

Several other large investors have also recently added to or reduced their stakes in IFF. Ilex Capital Partners UK LLP increased its holdings in International Flavors & Fragrances by 344.5% in the first quarter. Ilex Capital Partners UK LLP now owns 847,504 shares of the specialty chemicals company’s stock valued at $72,877,000 after buying an additional 656,820 shares in the last quarter. Albar Capital Ltd increased its holdings in International Flavors & Fragrances by 73.5% in the second quarter. Albar Capital Ltd now owns 1,146,234 shares of the specialty chemicals company’s stock valued at $109,133,000 after buying an additional 485,433 shares in the last quarter. Swedbank AB purchased a new position in International Flavors & Fragrances in the first quarter valued at about $19,945,000. Smith Group Asset Management LLC purchased a new position in International Flavors & Fragrances in the third quarter valued at about $22,399,000. Finally, Point72 Europe London LLP increased its holdings in International Flavors & Fragrances by 50.0% in the second quarter. Point72 Europe London LLP now owns 627,412 shares of the specialty chemicals company’s stock valued at $59,736,000 after buying an additional 209,098 shares in the last quarter. 96.02% of the stock is owned by hedge funds and other institutional investors.

International Flavors & Fragrances Trading Down 0.9 %

NYSE IFF opened at $101.33 on Wednesday. The company’s 50 day moving average price is $103.03 and its 200 day moving average price is $97.59. International Flavors & Fragrances Inc. has a one year low of $63.21 and a one year high of $106.77. 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 market capitalization of $25.91 billion, a price-to-earnings ratio of -10.99, a PEG ratio of 1.86 and a beta of 1.22.

International Flavors & Fragrances (NYSE:IFF) last announced its earnings results on Tuesday, August 6th. The specialty chemicals company reported $1.16 EPS for the quarter, beating the consensus estimate of $1.01 by $0.15. International Flavors & Fragrances had a positive return on equity of 6.63% and a negative net margin of 20.82%. The business had revenue of $2.89 billion for the quarter, compared to the consensus estimate of $2.83 billion. During the same period last year, the business posted $0.86 EPS. The company’s revenue was down 1.4% on a year-over-year basis. On average, sell-side analysts predict that International Flavors & Fragrances Inc. will post 4.23 EPS for the current year.

Analysts Set New Price Targets

IFF has been the subject of a number of research analyst reports. UBS Group dropped their target price on shares of International Flavors & Fragrances from $107.00 to $103.00 and set a “neutral” rating for the company in a report on Thursday, August 15th. Citigroup increased their price target on shares of International Flavors & Fragrances from $108.00 to $116.00 and gave the company a “buy” rating in a research report on Friday, July 12th. Stifel Nicolaus increased their price target on shares of International Flavors & Fragrances from $115.00 to $121.00 and gave the company a “buy” rating in a research report on Thursday, October 24th. Oppenheimer increased their price target on shares of International Flavors & Fragrances from $116.00 to $117.00 and gave the company an “outperform” rating in a research report on Wednesday, September 11th. Finally, Barclays increased their price target on shares of International Flavors & Fragrances from $93.00 to $99.00 and gave the company an “equal weight” rating in a research report on Friday, October 11th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and nine 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 target price of $107.86.

International Flavors & Fragrances Profile

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.