November 29, 2016 - By Peter Erickson · 0 Comments
International Flavors & Fragrances Inc (NYSE:IFF) institutional sentiment decreased to 0.9 in Q2 2016. Its down -0.14, from 1.04 in 2016Q1. The ratio is negative, as 189 hedge funds started new and increased stock positions, while 181 sold and decreased holdings in International Flavors & Fragrances Inc. The hedge funds in our partner’s database now hold: 63.27 million shares, down from 65.09 million shares in 2016Q1. Also, the number of hedge funds holding International Flavors & Fragrances Inc in their top 10 stock positions was flat from 9 to 9 for the same number . Sold All: 26 Reduced: 155 Increased: 140 New Position: 49.
International Flavors & Fragrances Inc. creates, makes and supplies flavors and fragrances (including cosmetic active ingredients) for the food, beverage, personal care and household products industries either in the form of compounds or individual ingredients. The company has a market cap of $9.56 billion. The Firm operates in two divisions: Flavors and Fragrances. It has a 23.91 P/E ratio. The Flavors segment offers flavor compounds that are sold to the food and beverage industries for use in consumer products, such as prepared foods, beverages, food and sweet products.
The stock decreased 0.02% or $0.03 during the last trading session, hitting $120.35. International Flavors & Fragrances Inc (NYSE:IFF) has declined 0.02% since April 26, 2016 and is downtrending. It has underperformed by 5.28% the S&P500.
Analysts await International Flavors & Fragrances Inc (NYSE:IFF) to report earnings on February, 8. They expect $1.16 EPS, up 10.48% or $0.11 from last year’s $1.05 per share. IFF’s profit will be $92.14M for 25.94 P/E if the $1.16 EPS becomes a reality. After $1.34 actual EPS reported by International Flavors & Fragrances Inc for the previous quarter, Wall Street now forecasts -13.43% negative EPS growth.
According to Zacks Investment Research, “International Flavors & Fragrances Inc. is a creator and manufacturer of flavor and fragrance products used by other manufacturers to impart or improve flavor or fragrance in a wide variety of consumer products. Fragrance products are sold principally to manufacturers of perfumes, cosmetics, soaps and detergents, and flavor products to manufacturers of prepared foods, beverages, dairy foods, pharmaceuticals and confectionery products.”
Campbell Newman Asset Management Inc holds 5.74% of its portfolio in International Flavors & Fragrances Inc for 250,000 shares. Fairfield Bush & Co. owns 88,632 shares or 3.88% of their US portfolio. Moreover, Stone Run Capital Llc has 3.44% invested in the company for 41,875 shares. The Massachusetts-based Wilkins Investment Counsel Inc has invested 3.44% in the stock. Front Barnett Associates Llc, a Illinois-based fund reported 130,877 shares.#img1#
Insider Transactions: Since January 1, 0001, the stock had 0 insider purchases, and 4 selling transactions for $1.87 million net activity.
Ratings analysis reveals 55% of Internationa Flavors & Fragrances’s analysts are positive. Out of 11 Wall Street analysts rating Internationa Flavors & Fragrances, 6 give it “Buy”, 0 “Sell” rating, while 5 recommend “Hold”. The lowest target is $115 while the high is $160. The stock’s average target of $135.33 is 12.45% above today’s ($120.35) share price. IFF was included in 16 notes of analysts from August 11, 2015. The rating was maintained by UBS on Tuesday, August 9 with “Neutral”. On Thursday, February 11 the stock rating was downgraded by Deutsche Bank to “Hold”. Goldman Sachs initiated the shares of IFF in a report on Monday, November 21 with “Neutral” rating. The firm has “Hold” rating given on Monday, January 25 by Stifel Nicolaus. On Monday, March 14 the stock rating was maintained by KeyBanc Capital Markets with “Overweight”. The firm has “Hold” rating given on Wednesday, May 11 by Deutsche Bank. The firm earned “Hold” rating on Tuesday, November 8 by Stifel Nicolaus. Bernstein initiated it with “Outperform” rating and $160 target price in Monday, September 19 report. The firm has “Hold” rating given on Wednesday, August 10 by Gabelli. The rating was upgraded by Edward Jones on Thursday, October 1 to “Buy”.
International Flavors & Fragrances Inc. (IFF), incorporated on December 6, 1909, creates, makes and supplies flavors and fragrances (including cosmetic active ingredients) for the food, beverage, personal care and household products industries either in the form of compounds or individual ingredients. The Firm operates in two divisions: Flavors and Fragrances. The Flavors segment offers flavor compounds that are sold to the food and beverage industries for use in consumer products, such as prepared foods, food and sweet products. The Fragrances segment consists of fragrance compounds and fragrance ingredients. The Company’s cosmetic active ingredients consist of active and functional ingredients, botanicals and delivery systems to support its customers’ cosmetic and personal care product lines. The Company’s products are sold to manufacturers of perfumes and cosmetics, hair and other personal care products, soaps and detergents, cleaning products, meat and other processed foods, snacks and savory foods, sweet and baked goods, and pharmaceutical and oral care products. It has over 30 manufacturing facilities and 30 creative centers located in over 30 countries that support over 38,000 products. The Company’s manufacturing facilities are located in the United States, the Netherlands, Spain, Great Britain, Turkey, Brazil, Mexico, Australia, China, India and Singapore.
More notable recent International Flavors & Fragrances Inc (NYSE:IFF) news were published by: Seekingalpha.com which released: “International Flavors Offers Unique Exposure, Modest Income” on November 29, 2016, also Wsj.com with their article: “International Flavors & Fragrances Cuts Profit Projection for Year” published on November 08, 2016, Seekingalpha.com published: “International Flavors And Fragrances: Growth Will Continue” on November 22, 2016. More interesting news about International Flavors & Fragrances Inc (NYSE:IFF) were released by: Wsj.com and their article: “International Flavors & Fragrances Returns to Quarterly Profit Growth” published on August 08, 2016 as well as Fool.com‘s news article titled: “Why International Flavors & Fragrances Inc. Plunged 14% Today” with publication date: February 11, 2016.
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By Peter Erickson