C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors Takes $9.27 Million Position in International Flavors & Fragrances Inc. (NYSE:IFF)

C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors purchased a new stake in International Flavors & Fragrances Inc. (NYSE:IFF - Free Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 109,646 shares of the specialty chemicals company's stock, valued at approximately $9,271,000. International Flavors & Fragrances accounts for about 0.4% of C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors' investment portfolio, making the stock its 27th biggest holding.

Other institutional investors and hedge funds have also modified their holdings of the company. Van ECK Associates Corp raised its stake in International Flavors & Fragrances by 41.6% during the 4th quarter. Van ECK Associates Corp now owns 5,664,250 shares of the specialty chemicals company's stock valued at $478,912,000 after purchasing an additional 1,663,629 shares during the last quarter. Channing Global Advisors LLC raised its holdings in International Flavors & Fragrances by 43.7% in the 4th quarter. Channing Global Advisors LLC now owns 46,008 shares of the specialty chemicals company's stock valued at $3,890,000 after acquiring an additional 13,991 shares in the last quarter. Allspring Global Investments Holdings LLC lifted its position in shares of International Flavors & Fragrances by 99.9% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 75,775 shares of the specialty chemicals company's stock worth $6,296,000 after acquiring an additional 37,865 shares during the period. Stonebridge Financial Group LLC acquired a new stake in shares of International Flavors & Fragrances during the 4th quarter worth approximately $265,000. Finally, Regents Gate Capital LLP acquired a new position in shares of International Flavors & Fragrances in the fourth quarter valued at $6,044,000. 96.02% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities research analysts have weighed in on IFF shares. Stifel Nicolaus decreased their price target on shares of International Flavors & Fragrances from $113.00 to $105.00 and set a "buy" rating on the stock in a research note on Monday, February 3rd. Bank of America raised shares of International Flavors & Fragrances from a "neutral" rating to a "buy" rating and set a $107.00 price target on the stock in a report on Friday, November 8th. Citigroup lowered their price target on shares of International Flavors & Fragrances from $110.00 to $105.00 and set a "buy" rating on the stock in a report on Wednesday, December 18th. Barclays lowered their price target on shares of International Flavors & Fragrances from $90.00 to $88.00 and set an "equal weight" rating on the stock in a report on Friday, January 17th. Finally, Vertical Research raised 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 report on Thursday, November 7th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and twelve have issued a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $107.77.

International Flavors & Fragrances Price Performance

NYSE IFF traded down $0.40 on Friday, hitting $85.60. 1,081,574 shares of the company were exchanged, compared to its average volume of 1,302,125. The firm has a 50 day moving average of $85.25 and a two-hundred day moving average of $93.93. The company has a market cap of $21.89 billion, a P/E ratio of -9.42, a P/E/G ratio of 1.54 and a beta of 1.19. The company has a current ratio of 2.62, a quick ratio of 1.93 and a debt-to-equity ratio of 0.58. International Flavors & Fragrances Inc. has a 1-year low of $72.94 and a 1-year high of $106.77.

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.