Channing Global Advisors LLC Acquires 13,991 Shares of International Flavors & Fragrances Inc. (NYSE:IFF)

Channing Global Advisors LLC lifted its stake in International Flavors & Fragrances Inc. (NYSE:IFF - Free Report) by 43.7% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 46,008 shares of the specialty chemicals company's stock after purchasing an additional 13,991 shares during the quarter. International Flavors & Fragrances accounts for approximately 2.6% of Channing Global Advisors LLC's holdings, making the stock its 12th biggest position. Channing Global Advisors LLC's holdings in International Flavors & Fragrances were worth $3,890,000 at the end of the most recent reporting period.

Several other large investors have also recently modified their holdings of IFF. CWM LLC raised its position in shares of International Flavors & Fragrances by 1.7% in the 3rd quarter. CWM LLC now owns 6,540 shares of the specialty chemicals company's stock worth $686,000 after purchasing an additional 109 shares during the last quarter. Livforsakringsbolaget Skandia Omsesidigt raised its position in International Flavors & Fragrances by 436.0% in the 3rd quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 1,844 shares of the specialty chemicals company's stock worth $194,000 after buying an additional 1,500 shares during the last quarter. Exchange Traded Concepts LLC raised its position in International Flavors & Fragrances by 1,109.4% in the 3rd quarter. Exchange Traded Concepts LLC now owns 774 shares of the specialty chemicals company's stock worth $81,000 after buying an additional 710 shares during the last quarter. NBC Securities Inc. raised its position in International Flavors & Fragrances by 10.3% in the 3rd quarter. NBC Securities Inc. now owns 1,444 shares of the specialty chemicals company's stock worth $151,000 after buying an additional 135 shares during the last quarter. Finally, Bar Harbor Wealth Management raised its position in International Flavors & Fragrances by 11.2% in the 3rd quarter. Bar Harbor Wealth Management now owns 21,306 shares of the specialty chemicals company's stock worth $2,236,000 after buying an additional 2,154 shares during the last quarter. Hedge funds and other institutional investors own 96.02% of the company's stock.

International Flavors & Fragrances Stock Performance

Shares of NYSE:IFF traded down $0.40 during mid-day trading on Friday, reaching $85.60. 1,081,574 shares of the company traded hands, compared to its average volume of 1,302,125. The company's 50 day moving average price is $85.25 and its 200-day moving average price is $93.97. The firm has a market cap of $21.89 billion, a PE ratio of -9.42, a PEG ratio of 1.54 and a beta of 1.19. The company has a debt-to-equity ratio of 0.58, a current ratio of 2.62 and a quick ratio of 1.93. International Flavors & Fragrances Inc. has a 52 week low of $72.94 and a 52 week high of $106.77.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on IFF. UBS Group boosted their target price on International Flavors & Fragrances from $108.00 to $111.00 and gave the stock a "neutral" rating in a research report on Wednesday, November 6th. Citigroup decreased their target price on International Flavors & Fragrances from $110.00 to $105.00 and set a "buy" rating for the company in a research report on Wednesday, December 18th. JPMorgan Chase & Co. reduced their price target on shares of International Flavors & Fragrances from $110.00 to $107.00 and set an "overweight" rating for the company in a research report on Thursday, November 7th. Barclays reduced their price target on shares of International Flavors & Fragrances from $90.00 to $88.00 and set an "equal weight" rating for the company in a research 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 for the company in a research report on Thursday, November 7th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and twelve have issued a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $107.77.

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.