Stonebridge Financial Group LLC Makes New $265,000 Investment in International Flavors & Fragrances Inc. (NYSE:IFF)

Stonebridge Financial Group LLC bought a new position in shares of International Flavors & Fragrances Inc. (NYSE:IFF - Free Report) during the 4th quarter, according to its most recent 13F filing with the SEC. The fund bought 3,131 shares of the specialty chemicals company's stock, valued at approximately $265,000.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in IFF. Nordea Investment Management AB raised its stake in International Flavors & Fragrances by 25.7% in the 4th quarter. Nordea Investment Management AB now owns 5,489,741 shares of the specialty chemicals company's stock worth $464,926,000 after acquiring an additional 1,121,414 shares during the last quarter. Robeco Institutional Asset Management B.V. increased its holdings in shares of International Flavors & Fragrances by 70.9% in the third quarter. Robeco Institutional Asset Management B.V. now owns 708,081 shares of the specialty chemicals company's stock valued at $74,299,000 after purchasing an additional 293,760 shares during the period. Smith Group Asset Management LLC purchased a new position in shares of International Flavors & Fragrances in the third quarter worth about $22,399,000. State Street Corp lifted its holdings in shares of International Flavors & Fragrances by 1.9% during the third quarter. State Street Corp now owns 10,467,517 shares of the specialty chemicals company's stock worth $1,102,363,000 after purchasing an additional 196,696 shares during the period. Finally, Zurich Insurance Group Ltd FI purchased a new stake in International Flavors & Fragrances in the third quarter valued at approximately $19,813,000. 96.02% of the stock is currently owned by hedge funds and other institutional investors.

International Flavors & Fragrances Price Performance

NYSE IFF traded down $0.40 on Friday, hitting $85.60. The company had a trading volume of 1,081,574 shares, compared to its average volume of 1,302,125. The company has a debt-to-equity ratio of 0.58, a current ratio of 2.62 and a quick ratio of 1.93. The company's fifty day moving average price is $85.25 and its 200-day moving average price is $93.93. The company has a market capitalization of $21.89 billion, a PE ratio of -9.42, a PEG ratio of 1.54 and a beta of 1.19. International Flavors & Fragrances Inc. has a 12-month low of $72.94 and a 12-month high of $106.77.

Wall Street Analyst Weigh In

IFF has been the subject of several research reports. Argus upgraded shares of International Flavors & Fragrances from a "hold" rating to a "buy" rating in a research note on Tuesday, January 7th. Stifel Nicolaus decreased 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 report on Monday, February 3rd. JPMorgan Chase & Co. reduced their price objective on International Flavors & Fragrances from $110.00 to $107.00 and set an "overweight" rating for the company in a research note on Thursday, November 7th. Bank of America raised International Flavors & Fragrances from a "neutral" rating to a "buy" rating and set a $107.00 price objective for the company in a report on Friday, November 8th. Finally, Oppenheimer reduced their price target on International Flavors & Fragrances from $117.00 to $114.00 and set an "outperform" rating for the company in a research report on Tuesday, January 28th. 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, International Flavors & Fragrances has a consensus rating of "Moderate Buy" and a consensus target price of $107.77.

About International Flavors & Fragrances

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.