Van ECK Associates Corp Grows Stock Holdings in International Flavors & Fragrances Inc. (NYSE:IFF)

Van ECK Associates Corp grew its position in International Flavors & Fragrances Inc. (NYSE:IFF - Free Report) by 41.6% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 5,664,250 shares of the specialty chemicals company's stock after acquiring an additional 1,663,629 shares during the quarter. Van ECK Associates Corp owned about 2.22% of International Flavors & Fragrances worth $478,912,000 as of its most recent SEC filing.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. Northwest Investment Counselors LLC acquired a new stake in International Flavors & Fragrances during the third quarter worth $27,000. Point72 Hong Kong Ltd acquired a new position in International Flavors & Fragrances during the 3rd quarter worth $42,000. Oakworth Capital Inc. acquired a new position in International Flavors & Fragrances during the 3rd quarter worth $44,000. Eastern Bank acquired a new position in International Flavors & Fragrances during the 3rd quarter worth $46,000. Finally, Ashton Thomas Securities LLC acquired a new position in International Flavors & Fragrances during the 3rd quarter worth $48,000. Hedge funds and other institutional investors own 96.02% of the company's stock.

International Flavors & Fragrances Price Performance

Shares of International Flavors & Fragrances stock traded down $0.40 during trading on Friday, reaching $85.60. The company's stock had a trading volume of 1,081,574 shares, compared to its average volume of 1,302,125. The company has a quick ratio of 1.93, a current ratio of 2.62 and a debt-to-equity ratio of 0.58. International Flavors & Fragrances Inc. has a 12-month low of $72.94 and a 12-month high of $106.77. The company has a market capitalization of $21.89 billion, a P/E ratio of -9.42, a price-to-earnings-growth ratio of 1.54 and a beta of 1.19. The business has a 50 day moving average price of $85.25 and a 200-day moving average price of $93.93.

Wall Street Analysts Forecast Growth

A number of analysts have issued reports on IFF shares. Citigroup decreased their price target on International Flavors & Fragrances from $110.00 to $105.00 and set a "buy" rating for the company in a report on Wednesday, December 18th. Oppenheimer decreased their price target on International Flavors & Fragrances from $117.00 to $114.00 and set an "outperform" rating for the company in a report on Tuesday, January 28th. Argus raised International Flavors & Fragrances from a "hold" rating to a "buy" rating in a report on Tuesday, January 7th. Stifel Nicolaus reduced their target price on International Flavors & Fragrances from $113.00 to $105.00 and set a "buy" rating for the company in a report on Monday, February 3rd. Finally, Barclays reduced their target price on International Flavors & Fragrances from $90.00 to $88.00 and set an "equal weight" rating for the company in a report on Friday, January 17th. One equities 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. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price 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.