Monetary Management Group Increases Position in Adobe (ADBE); International Flavors&Fragra (IFF) Shareholder Chesapeake Asset Management Has Boosted Holding by $681,100 as Shares Rose

International Flavors & Fragrances Inc. (NYSE:IFF) Logo

Monetary Management Group Inc increased its stake in Adobe (ADBE) by 1229.38% based on its latest 2018Q3 regulatory filing with the SEC. Monetary Management Group Inc bought 9,835 shares as the company’s stock declined 8.02% with the market. The institutional investor held 10,635 shares of the prepackaged software company at the end of 2018Q3, valued at $2.87M, up from 800 at the end of the previous reported quarter. Monetary Management Group Inc who had been investing in Adobe for a number of months, seems to be bullish on the $115.96B market cap company. The stock decreased 0.09% or $0.22 during the last trading session, reaching $237.55. About 3.18 million shares traded. Adobe Inc. (NASDAQ:ADBE) has risen 39.79% since January 12, 2018 and is uptrending. It has outperformed by 39.79% the S&P500. Some Historical ADBE News: 02/05/2018 – Invesco Technology Adds Adobe, Exits Comcast, Cuts Apple; 21/05/2018 – Adobe To Buy Commerce Platform Magento For $1.68 Billion — MarketWatch; 13/03/2018 – lnvoca Becomes Premier Level Partner In Adobe Exchange Partner Program; 27/03/2018 – TMMData Announces Deep Integration With Adobe Cloud Platform; 27/03/2018 – New ContentSquare Integration With Adobe Analytics Cloud Unlocks Enhanced Revenue Attribution to Customers’ Investments in UX a; 27/03/2018 – Adobe Advertising Cloud Gets “Creative”; 19/03/2018 – ENEL SELLS ENERGY FROM NEW US WIND FARM TO FACEBOOK & ADOBE; 28/03/2018 – Adobe Sensei and Leslie Jones of “Saturday Night Live” Take Center Stage at “Summit Sneaks”; 15/03/2018 – ADOBE: FOCUS IS TO PARTNER WITH LARGE ENTERPRISE COMPANIES NOW; 03/04/2018 – US Gov Printing: Desktop Publishing – Adobe InDesign Basics

Chesapeake Asset Management Llc increased its stake in International Flavors&Fragra (IFF) by 148.13% based on its latest 2018Q3 regulatory filing with the SEC. Chesapeake Asset Management Llc bought 4,900 shares as the company’s stock rose 7.03% while stock markets declined. The hedge fund held 8,208 shares of the basic industries company at the end of 2018Q3, valued at $1.14M, up from 3,308 at the end of the previous reported quarter. Chesapeake Asset Management Llc who had been investing in International Flavors&Fragra for a number of months, seems to be bullish on the $14.39B market cap company. The stock decreased 0.57% or $0.77 during the last trading session, reaching $134.95. About 920,218 shares traded. International Flavors & Fragrances Inc. (NYSE:IFF) has declined 10.15% since January 12, 2018 and is downtrending. It has underperformed by 10.15% the S&P500. Some Historical IFF News: 20/04/2018 – DJ International Flavors & Fragrances , Inst Holders, 1Q 2018 (IFF); 07/05/2018 – IFF TO COMBINE WITH FRUTAROM; 07/05/2018 – A whole lotta flavour: IFF strikes $7.1bn deal for Israel’s Frutarom; 07/05/2018 – IFF Acquires Frutarom in Biggest Flavor Deal Worth $7.1 Billion; 09/05/2018 – IFF, FRUTAROM DEAL INCL TERMINATION FEES UP TO $191M; 15/05/2018 – IFF CEO ANDREAS FIBIG SPEAKS AT TEL AVIV CONFERENCE; 09/05/2018 – International Flavors Volume Rises More Than Triple Average; 07/05/2018 – IFF-FRUTAROM TO HAVE ABOUT $5.3B OF REV IN 2018 PRO-FORMA BASIS; 07/05/2018 – S&P PLACED INTERNATIONAL FLAVORS & FRAGRANCES INC. ON CREDIT WATCH ‘NEGATIVE’ FROM ‘STABLE’; RATING ‘BBB+’; 07/05/2018 – IFF’s Acquisition of Frutarom Expected to Be Neutral to Adjusted Cash Earnings Per Share in First Full Year

Since July 12, 2018, it had 37 buys, and 2 insider sales for $652.48 million activity. Fortanet Francisco sold 1,389 shares worth $194,460.

Chesapeake Asset Management Llc, which manages about $889.99 million and $87.03M US Long portfolio, decreased its stake in United Technologies Corp (NYSE:UTX) by 3,490 shares to 21,211 shares, valued at $2.97 million in 2018Q3, according to the filing. It also reduced its holding in Aflac Inc (NYSE:AFL) by 25,265 shares in the quarter, leaving it with 124,716 shares, and cut its stake in Celgene Corp (NASDAQ:CELG).

Investors sentiment increased to 1.92 in 2018 Q3. Its up 0.89, from 1.03 in 2018Q2. It increased, as 25 investors sold IFF shares while 108 reduced holdings. 82 funds opened positions while 173 raised stakes. 61.76 million shares or 20.47% more from 51.27 million shares in 2018Q2 were reported. Mawer Management Ltd reported 763,832 shares or 0.8% of all its holdings. Goldman Sachs Gp accumulated 0.01% or 373,972 shares. Stralem & reported 7,200 shares. Destination Wealth Mngmt holds 0% or 11 shares in its portfolio. Richard Bernstein Advsrs Ltd Liability Corp reported 0.17% stake. Federated Inc Pa has invested 0% of its portfolio in International Flavors & Fragrances Inc. (NYSE:IFF). Bb&T reported 8,365 shares. Ntv Asset Ltd Liability Corp reported 5,100 shares. Guardian Life Ins Of America holds 0.01% or 224 shares in its portfolio. Tower Rech Capital Limited Liability (Trc) invested 0% of its portfolio in International Flavors & Fragrances Inc. (NYSE:IFF). 3,686 are owned by First Republic Investment Mgmt. First Manhattan, New York-based fund reported 700 shares. Geode Limited Liability Com has 0.05% invested in International Flavors & Fragrances Inc. (NYSE:IFF). Gulf Interest National Bank & Trust (Uk) invested in 0.04% or 24,402 shares. Advisory Rech stated it has 23,941 shares or 0.05% of all its holdings.

Among 19 analysts covering Internationa Flavors & Fragrances (NYSE:IFF), 8 have Buy rating, 3 Sell and 8 Hold. Therefore 42% are positive. Internationa Flavors & Fragrances had 48 analyst reports since August 11, 2015 according to SRatingsIntel. On Friday, June 8 the stock rating was downgraded by Argus Research to “Hold”. Barclays Capital maintained the shares of IFF in report on Monday, May 15 with “Sell” rating. The stock of International Flavors & Fragrances Inc. (NYSE:IFF) earned “Buy” rating by UBS on Thursday, February 23. The firm earned “Hold” rating on Thursday, February 15 by Deutsche Bank. The stock of International Flavors & Fragrances Inc. (NYSE:IFF) has “Outperform” rating given on Monday, September 19 by Bernstein. On Thursday, August 10 the stock rating was maintained by Deutsche Bank with “Hold”. Stifel Nicolaus maintained International Flavors & Fragrances Inc. (NYSE:IFF) on Monday, September 18 with “Hold” rating. UBS maintained it with “Neutral” rating and $132 target in Tuesday, August 9 report. The stock of International Flavors & Fragrances Inc. (NYSE:IFF) earned “Underperform” rating by Raymond James on Friday, November 16. J.P. Morgan downgraded International Flavors & Fragrances Inc. (NYSE:IFF) rating on Friday, March 16. J.P. Morgan has “Sell” rating and $130.0 target.

More notable recent International Flavors & Fragrances Inc. (NYSE:IFF) news were published by: Businesswire.com which released: “IFF Launches New Environmental Goals with Ambitious Science-Based Targets – Business Wire” on June 26, 2018, also Businesswire.com with their article: “IFF to Combine with Frutarom to Create a Global Leader in Taste, Scent and Nutrition – Business Wire” published on May 07, 2018, Businesswire.com published: “IFF Completes Combination with Frutarom, Establishing a Global Leader in Taste, Scent and Nutrition – Business Wire” on October 04, 2018. More interesting news about International Flavors & Fragrances Inc. (NYSE:IFF) were released by: Businesswire.com and their article: “Frutarom Shareholders Approve Transaction with IFF by a Majority of 94.6% – Business Wire” published on August 07, 2018 as well as Seekingalpha.com‘s news article titled: “IFF announces pricing of common stock and tangible equity unit offerings – Seeking Alpha” with publication date: September 13, 2018.

Monetary Management Group Inc, which manages about $313.72 million and $261.83M US Long portfolio, decreased its stake in Microsoft Corp (NASDAQ:MSFT) by 6,400 shares to 122,223 shares, valued at $13.98 million in 2018Q3, according to the filing. It also reduced its holding in Dow Dupont Inc Com by 11,465 shares in the quarter, leaving it with 48,992 shares, and cut its stake in Comcast Corp Cl A (NASDAQ:CMCSA).

Investors sentiment increased to 0.98 in Q3 2018. Its up 0.01, from 0.97 in 2018Q2. It improved, as 40 investors sold ADBE shares while 419 reduced holdings. 134 funds opened positions while 316 raised stakes. 386.22 million shares or 3.00% less from 398.19 million shares in 2018Q2 were reported. Northwestern Mutual Wealth Management Company invested 0.03% in Adobe Inc. (NASDAQ:ADBE). Meritage Port Management owns 32,706 shares or 0.81% of their US portfolio. Bb&T Corporation invested in 0.21% or 43,895 shares. Qs Investors Ltd Liability Co holds 98,509 shares. Vontobel Asset Mgmt stated it has 114,063 shares or 0.23% of all its holdings. Moreover, First Mercantile Trust Company has 0.3% invested in Adobe Inc. (NASDAQ:ADBE). Hartford Mngmt Inc holds 0.16% of its portfolio in Adobe Inc. (NASDAQ:ADBE) for 1,760 shares. Davenport Ltd Limited Liability Company accumulated 351,762 shares. De Burlo Group Inc has invested 3.26% in Adobe Inc. (NASDAQ:ADBE). Td Asset Management invested in 0.07% or 183,268 shares. 63,903 were reported by Cambridge Invest Advsrs Inc. Lombard Odier Asset Management (Switzerland) accumulated 4,720 shares. Pnc reported 137,990 shares. Family Cap Tru has invested 44.9% in Adobe Inc. (NASDAQ:ADBE). 3,017 are held by New England Investment Retirement Grp Inc Incorporated.

Among 41 analysts covering Adobe Systems (NASDAQ:ADBE), 28 have Buy rating, 0 Sell and 13 Hold. Therefore 68% are positive. Adobe Systems had 184 analyst reports since August 11, 2015 according to SRatingsIntel. Piper Jaffray initiated Adobe Inc. (NASDAQ:ADBE) on Tuesday, July 26 with “Overweight” rating. Piper Jaffray maintained the shares of ADBE in report on Monday, October 16 with “Buy” rating. The firm has “Outperform” rating given on Friday, December 14 by BMO Capital Markets. Cowen & Co maintained Adobe Inc. (NASDAQ:ADBE) on Wednesday, September 21 with “Outperform” rating. Piper Jaffray maintained the stock with “Buy” rating in Friday, December 15 report. Canaccord Genuity maintained Adobe Inc. (NASDAQ:ADBE) rating on Wednesday, September 21. Canaccord Genuity has “Buy” rating and $120 target. The stock of Adobe Inc. (NASDAQ:ADBE) earned “Buy” rating by Guggenheim on Wednesday, January 10. The firm has “Positive” rating by Susquehanna given on Wednesday, October 7. The stock of Adobe Inc. (NASDAQ:ADBE) has “Equal-Weight” rating given on Wednesday, September 21 by Morgan Stanley. The stock of Adobe Inc. (NASDAQ:ADBE) earned “Buy” rating by Citigroup on Friday, September 14.

Since July 18, 2018, it had 2 buys, and 10 sales for $18.86 million activity. Lewnes Ann sold $608,539 worth of stock. Rencher Bradley had sold 15,000 shares worth $3.94M. $16,244 worth of Adobe Inc. (NASDAQ:ADBE) shares were bought by Ricks David A. Parasnis Abhay sold $2.73M worth of stock or 10,500 shares.

International Flavors & Fragrances Inc. (NYSE:IFF) Institutional Positions Chart

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