Strengthening Families & Communities LLC decreased its position in shares of International Flavors & Fragrances Inc. (NYSE:IFF - Free Report) by 95.4% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 964 shares of the specialty chemicals company's stock after selling 20,102 shares during the period. Strengthening Families & Communities LLC's holdings in International Flavors & Fragrances were worth $82,000 as of its most recent SEC filing.
Several other institutional investors also recently added to or reduced their stakes in the company. Sanctuary Advisors LLC purchased a new position in shares of International Flavors & Fragrances in the 2nd quarter valued at approximately $694,000. Mather Group LLC. grew its stake in shares of International Flavors & Fragrances by 109.5% in the 3rd quarter. Mather Group LLC. now owns 597 shares of the specialty chemicals company's stock valued at $63,000 after purchasing an additional 312 shares during the last quarter. CWM LLC grew its stake 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 valued at $686,000 after purchasing an additional 109 shares during the last quarter. Livforsakringsbolaget Skandia Omsesidigt grew its stake in shares of 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 valued at $194,000 after purchasing an additional 1,500 shares during the last quarter. Finally, Exchange Traded Concepts LLC grew its stake in shares of 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 valued at $81,000 after purchasing an additional 710 shares during the last quarter. Institutional investors and hedge funds own 96.02% of the company's stock.
Wall Street Analyst Weigh In
Several brokerages have weighed in on IFF. JPMorgan Chase & Co. lowered their target price on International Flavors & Fragrances from $110.00 to $107.00 and set an "overweight" rating on the stock in a research note on Thursday, November 7th. Bank of America upgraded International Flavors & Fragrances from a "neutral" rating to a "buy" rating and set a $107.00 target price on the stock in a research note on Friday, November 8th. Oppenheimer decreased their price target on International Flavors & Fragrances from $117.00 to $114.00 and set an "outperform" rating on the stock in a research note on Tuesday, January 28th. Barclays decreased their price target on International Flavors & Fragrances from $90.00 to $88.00 and set an "equal weight" rating on the stock in a research note on Friday, January 17th. Finally, Stifel Nicolaus decreased their price target on 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. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and twelve have issued a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $107.77.
Read Our Latest Stock Report on International Flavors & Fragrances
International Flavors & Fragrances Price Performance
IFF traded down $0.40 during trading on Friday, reaching $85.60. 1,081,574 shares of the stock were exchanged, compared to its average volume of 1,361,782. The business's 50 day moving average price is $85.25 and its two-hundred day moving average price is $93.97. 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 has a market capitalization of $21.89 billion, a price-to-earnings ratio of -9.42, a P/E/G ratio of 1.54 and a beta of 1.19. International Flavors & Fragrances Inc. has a 1 year low of $72.94 and a 1 year high of $106.77.
About International Flavors & Fragrances
(
Free Report)
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.
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