Fintel reports that on August 8, 2023, Stifel downgraded their outlook for International Flavors & Fragrances (NYSE:IFF) from Buy to Hold.

Analyst Price Forecast Suggests 68.73% Upside

As of August 2, 2023, the average one-year price target for International Flavors & Fragrances is 109.31. The forecasts range from a low of 75.75 to a high of $152.25. The average price target represents an increase of 68.73% from its latest reported closing price of 64.78.

See our leaderboard of companies with the largest price target upside.

The projected annual revenue for International Flavors & Fragrances is 12,728MM, an increase of 7.29%. The projected annual non-GAAP EPS is 5.88.

What is the Fund Sentiment?

There are 1451 funds or institutions reporting positions in International Flavors & Fragrances. This is a decrease of 26 owner(s) or 1.76% in the last quarter. Average portfolio weight of all funds dedicated to IFF is 0.31%, a decrease of 8.91%. Total shares owned by institutions increased in the last three months by 0.16% to 259,257K shares. The put/call ratio of IFF is 0.91, indicating a bullish outlook.

What are Other Shareholders Doing?

Winder Investment Pte holds 25,356K shares representing 9.94% ownership of the company. No change in the last quarter.

Massachusetts Financial Services holds 8,980K shares representing 3.52% ownership of the company. In it’s prior filing, the firm reported owning 8,682K shares, representing an increase of 3.32%. The firm decreased its portfolio allocation in IFF by 11.05% over the last quarter.

VTSMX – Vanguard Total Stock Market Index Fund Investor Shares holds 7,896K shares representing 3.10% ownership of the company. In it’s prior filing, the firm reported owning 7,747K shares, representing an increase of 1.89%. The firm decreased its portfolio allocation in IFF by 17.45% over the last quarter.

Sachem Head Capital Management holds 6,685K shares representing 2.62% ownership of the company. In it’s prior filing, the firm reported owning 6,446K shares, representing an increase of 3.56%. The firm increased its portfolio allocation in IFF by 3.09% over the last quarter.

VIMSX – Vanguard Mid-Cap Index Fund Investor Shares holds 5,955K shares representing 2.33% ownership of the company. In it’s prior filing, the firm reported owning 5,936K shares, representing an increase of 0.32%. The firm decreased its portfolio allocation in IFF by 14.82% over the last quarter.

International Flavors & Fragrances Background Information
(This description is provided by the company.)

IFF uses Uncommon Sense to create what the world needs. As a collective of unconventional thinkers and creators, the Company puts science and artistry to work to create unique and unexpected scents, tastes, experiences and ingredients for the products its world craves.

This article originally appeared on Fintel

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