C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors Makes New Investment in International Flavors & Fragrances Inc. (NYSE:IFF)

C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors purchased a new position in International Flavors & Fragrances Inc. (NYSE:IFF - Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 109,646 shares of the specialty chemicals company's stock, valued at approximately $9,271,000.

Other institutional investors and hedge funds have also modified their holdings of the company. Northwest Investment Counselors LLC acquired a new stake in shares of International Flavors & Fragrances in the 3rd quarter worth approximately $27,000. Point72 Hong Kong Ltd acquired a new stake in International Flavors & Fragrances during the 3rd quarter valued at $42,000. Oakworth Capital Inc. purchased a new position in International Flavors & Fragrances during the third quarter worth $44,000. Eastern Bank acquired a new position in shares of International Flavors & Fragrances in the third quarter worth $46,000. Finally, Ashton Thomas Securities LLC purchased a new stake in shares of International Flavors & Fragrances in the third quarter valued at $48,000. Institutional investors and hedge funds own 96.02% of the company's stock.

Analyst Ratings Changes

A number of analysts recently commented on the company. Morgan Stanley upgraded International Flavors & Fragrances from an "equal weight" rating to an "overweight" rating and dropped their price objective for the stock from $111.00 to $110.00 in a research report on Tuesday, November 12th. Barclays cut their target price on shares of International Flavors & Fragrances from $90.00 to $88.00 and set an "equal weight" rating for the company in a research note on Friday, January 17th. Cfra downgraded shares of International Flavors & Fragrances from a "buy" rating to a "sell" rating and set a $77.00 target price for the company. in a research note on Thursday. Stifel Nicolaus cut their target price on shares of International Flavors & Fragrances from $113.00 to $105.00 and set a "buy" rating for the company in a research note on Monday, February 3rd. Finally, UBS Group boosted their target price on shares of International Flavors & Fragrances from $108.00 to $111.00 and gave the company a "neutral" rating in a research note on Wednesday, November 6th. Two research analysts have rated the stock with a sell rating, three have given a hold rating and twelve have issued a buy rating to the company's stock. Based on data from MarketBeat.com, International Flavors & Fragrances currently has an average rating of "Moderate Buy" and an average price target of $103.50.

International Flavors & Fragrances Trading Down 0.3 %

Shares of NYSE IFF traded down $0.22 on Friday, reaching $79.92. 1,571,210 shares of the company traded hands, compared to its average volume of 1,501,512. International Flavors & Fragrances Inc. has a fifty-two week low of $72.94 and a fifty-two week high of $106.77. The company has a 50 day moving average of $84.71 and a 200 day moving average of $93.45. The company has a current ratio of 1.84, a quick ratio of 1.93 and a debt-to-equity ratio of 0.54. The stock has a market capitalization of $20.43 billion, a PE ratio of 85.02, a P/E/G ratio of 1.48 and a beta of 1.19.

International Flavors & Fragrances (NYSE:IFF - Get Free Report) last posted its quarterly earnings data on Tuesday, February 18th. The specialty chemicals company reported $0.97 EPS for the quarter, beating analysts' consensus estimates of $0.83 by $0.14. The company had revenue of $2.77 billion during the quarter, compared to the consensus estimate of $2.67 billion. International Flavors & Fragrances had a net margin of 2.12% and a return on equity of 7.72%. On average, equities research analysts forecast that International Flavors & Fragrances Inc. will post 4.35 earnings per share for the current fiscal year.

International Flavors & Fragrances 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.