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

Channing Global Advisors LLC grew its stake in shares of International Flavors & Fragrances Inc. (NYSE:IFF) by 43.7% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 46,008 shares of the specialty chemicals company’s stock after purchasing an additional 13,991 shares during the period. International Flavors & Fragrances makes up 2.6% of Channing Global Advisors LLC’s investment portfolio, making the stock its 12th largest holding. Channing Global Advisors LLC’s holdings in International Flavors & Fragrances were worth $3,890,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently bought and sold shares of the business. Allspring Global Investments Holdings LLC lifted its position in International Flavors & Fragrances by 99.9% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 75,775 shares of the specialty chemicals company’s stock valued at $6,296,000 after acquiring an additional 37,865 shares during the period. Stonebridge Financial Group LLC purchased a new position in International Flavors & Fragrances during the 4th quarter valued at about $265,000. Regents Gate Capital LLP purchased a new position in International Flavors & Fragrances during the 4th quarter valued at about $6,044,000. Kestra Private Wealth Services LLC lifted its position in International Flavors & Fragrances by 33.1% during the 4th quarter. Kestra Private Wealth Services LLC now owns 6,601 shares of the specialty chemicals company’s stock valued at $558,000 after acquiring an additional 1,640 shares during the period. Finally, Empowered Funds LLC lifted its position in International Flavors & Fragrances by 47.6% during the 4th quarter. Empowered Funds LLC now owns 6,096 shares of the specialty chemicals company’s stock valued at $515,000 after acquiring an additional 1,966 shares during the period. 96.02% of the stock is owned by hedge funds and other institutional investors.

International Flavors & Fragrances Stock Up 1.1 %

Shares of NYSE IFF opened at $85.19 on Wednesday. The firm has a 50 day moving average of $85.47 and a 200 day moving average of $94.19. The company has a debt-to-equity ratio of 0.58, a quick ratio of 1.93 and a current ratio of 2.62. International Flavors & Fragrances Inc. has a 12-month low of $72.94 and a 12-month high of $106.77.

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on the stock. Morgan Stanley raised shares of International Flavors & Fragrances from an “equal weight” rating to an “overweight” rating and decreased their target price for the stock from $111.00 to $110.00 in a report on Tuesday, November 12th. Vertical Research raised shares of International Flavors & Fragrances from a “hold” rating to a “buy” rating and set a $109.00 target price for the company in a report on Thursday, November 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 report on Monday, February 3rd. JPMorgan Chase & Co. decreased their target price on shares of International Flavors & Fragrances from $110.00 to $107.00 and set an “overweight” rating for the company in a report on Thursday, November 7th. Finally, Bank of America raised shares of International Flavors & Fragrances from a “neutral” rating to a “buy” rating and set a $107.00 target price for the company in a report on Friday, November 8th. One 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 company. According to data from MarketBeat, International Flavors & Fragrances presently has an average rating of “Moderate Buy” and an average 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.