Redmond Asset Management LLC Sells 5 Shares of Internationa Flavors & Fragrances, Inc. (IFF)

Redmond Asset Management LLC decreased its position in shares of Internationa Flavors & Fragrances, Inc. (NYSE:IFF) by 0.1% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 5,030 shares of the company’s stock after selling 5 shares during the period. Redmond Asset Management LLC’s holdings in Internationa Flavors & Fragrances were worth $593,000 as of its most recent SEC filing.

Several other hedge funds have also recently made changes to their positions in the stock. Municipal Employees Retirement System of Michigan raised its stake in shares of Internationa Flavors & Fragrances by 0.4% in the third quarter. Municipal Employees Retirement System of Michigan now owns 2,520 shares of the company’s stock worth $360,000 after buying an additional 10 shares during the last quarter. Mastrapasqua Asset Management Inc. raised its stake in shares of Internationa Flavors & Fragrances by 0.3% in the third quarter. Mastrapasqua Asset Management Inc. now owns 8,170 shares of the company’s stock worth $1,168,000 after buying an additional 25 shares during the last quarter. Van ECK Associates Corp raised its stake in shares of Internationa Flavors & Fragrances by 5.1% in the fourth quarter. Van ECK Associates Corp now owns 1,089 shares of the company’s stock worth $128,000 after buying an additional 53 shares during the last quarter. Sumitomo Mitsui Asset Management Company LTD raised its stake in shares of Internationa Flavors & Fragrances by 0.9% in the second quarter. Sumitomo Mitsui Asset Management Company LTD now owns 7,625 shares of the company’s stock worth $961,000 after buying an additional 66 shares during the last quarter. Finally, Perigon Wealth Management LLC raised its stake in shares of Internationa Flavors & Fragrances by 2.8% in the second quarter. Perigon Wealth Management LLC now owns 2,574 shares of the company’s stock worth $324,000 after buying an additional 69 shares during the last quarter. 77.76% of the stock is currently owned by hedge funds and other institutional investors.

Institutional Ownership by Quarter for Internationa Flavors & Fragrances (NYSE:IFF)

Internationa Flavors & Fragrances, Inc. (NYSE:IFF) traded down 1.77% on Tuesday, reaching $117.90. The company’s stock had a trading volume of 1,005,203 shares. Internationa Flavors & Fragrances, Inc. has a 12-month low of $101.00 and a 12-month high of $143.64. The stock has a market cap of $9.36 billion, a PE ratio of 23.46 and a beta of 1.04. The company’s 50 day moving average price is $117.65 and its 200-day moving average price is $127.63.

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A number of equities analysts recently commented on IFF shares. Zacks Investment Research raised Internationa Flavors & Fragrances from a “sell” rating to a “hold” rating in a research note on Tuesday, December 27th. Exane BNP Paribas lowered Internationa Flavors & Fragrances from an “outperform” rating to a “neutral” rating and set a $132.00 price objective on the stock. in a research note on Friday, January 6th. Stifel Nicolaus cut their price objective on Internationa Flavors & Fragrances from $140.00 to $121.00 and set a “hold” rating on the stock in a research note on Tuesday, November 8th. BNP Paribas reaffirmed a “neutral” rating and issued a $132.00 price objective (down from $160.00) on shares of Internationa Flavors & Fragrances in a research note on Friday, January 6th. Finally, Goldman Sachs Group, Inc. (The) started coverage on Internationa Flavors & Fragrances in a research note on Monday, November 21st. They issued a “neutral” rating and a $121.50 price objective on the stock. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating and five have assigned a buy rating to the stock. Internationa Flavors & Fragrances presently has a consensus rating of “Hold” and a consensus price target of $136.07.

In other news, insider Nicolas Mirzayantz sold 2,945 shares of the stock in a transaction on Thursday, December 15th. The shares were sold at an average price of $118.48, for a total value of $348,923.60. Following the completion of the sale, the insider now owns 54,126 shares of the company’s stock, valued at $6,412,848.48. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 0.55% of the company’s stock.

Internationa Flavors & Fragrances Company Profile

International Flavors & Fragrances Inc (IFF) creates, manufactures 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 operates in two segments: Flavors and Fragrances.

5 Day Chart for NYSE:IFF

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