Fifth Third Bancorp Sells 1,119 Shares of International Flavors & Fragrances Inc. (NYSE:IFF)

Fifth Third Bancorp lowered its stake in International Flavors & Fragrances Inc. (NYSE:IFF) by 8.0% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 12,785 shares of the specialty chemicals company’s stock after selling 1,119 shares during the quarter. Fifth Third Bancorp’s holdings in International Flavors & Fragrances were worth $1,081,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of the stock. MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH increased its position in shares of 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 worth $2,342,000 after purchasing an additional 6,277 shares during the last quarter. Albion Financial Group UT increased its holdings in International Flavors & Fragrances by 1.3% during the fourth quarter. Albion Financial Group UT now owns 29,400 shares of the specialty chemicals company’s stock worth $2,486,000 after buying an additional 389 shares during the last quarter. Fort Washington Investment Advisors Inc. OH raised its position in International Flavors & Fragrances by 0.3% during the fourth 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 acquiring an additional 3,442 shares in the last quarter. Sugar Maple Asset Management LLC bought a new position in shares of International Flavors & Fragrances in the 4th quarter valued at about $78,000. Finally, UMB Bank n.a. increased its stake in shares of International Flavors & Fragrances by 8.9% during the 4th quarter. UMB Bank n.a. now owns 1,458 shares of the specialty chemicals company’s stock worth $123,000 after purchasing an additional 119 shares during the last quarter. Institutional investors own 96.02% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms recently commented on IFF. Argus upgraded International Flavors & Fragrances from a “hold” rating to a “buy” rating in a report on Tuesday, January 7th. Barclays dropped their price target on International Flavors & Fragrances from $90.00 to $88.00 and set an “equal weight” rating on the stock in a research note on Friday, January 17th. Oppenheimer reduced their price objective 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. Citigroup dropped their price objective on shares of International Flavors & Fragrances from $110.00 to $105.00 and set a “buy” rating on the stock in a research report on Wednesday, December 18th. Finally, Vertical Research upgraded shares of International Flavors & Fragrances from a “hold” rating to a “buy” rating and set a $109.00 price target on the stock in a research note on Thursday, November 7th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and twelve have issued a buy rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $109.00.

Insider Activity

In other 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 value of $458,750.00. Following the completion of the transaction, the insider now owns 3,238 shares of the company’s stock, valued at $297,086.50. This represents a 60.69 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. 0.20% of the stock is currently owned by corporate insiders.

International Flavors & Fragrances Stock Performance

NYSE:IFF opened at $86.08 on Thursday. The company has a debt-to-equity ratio of 0.58, a quick ratio of 1.93 and a current ratio of 2.62. International Flavors & Fragrances Inc. has a fifty-two week low of $72.94 and a fifty-two week high of $106.77. The company has a market cap of $22.01 billion, a price-to-earnings ratio of -9.47, a PEG ratio of 1.51 and a beta of 1.18. The stock has a fifty day moving average price of $86.36 and a 200-day moving average price of $94.94.

International Flavors & Fragrances (NYSE:IFF) last announced its quarterly earnings data on Tuesday, November 5th. The specialty chemicals company reported $0.62 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.08 by ($0.46). International Flavors & Fragrances had a negative net margin of 20.33% and a positive return on equity of 7.16%. The firm had revenue of $2.93 billion during the quarter, compared to the consensus estimate of $2.83 billion. During the same period last year, the business earned $0.89 earnings per share. The business’s revenue was up 3.7% compared to the same quarter last year. As a group, equities analysts anticipate that International Flavors & Fragrances Inc. will post 4.15 EPS for the current fiscal year.

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.