Stonebridge Financial Group LLC Purchases Shares of 3,131 International Flavors & Fragrances Inc. (NYSE:IFF)

Stonebridge Financial Group LLC acquired a new stake in International Flavors & Fragrances Inc. (NYSE:IFF) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 3,131 shares of the specialty chemicals company’s stock, valued at approximately $265,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Northwest Investment Counselors LLC purchased a new position in International Flavors & Fragrances during the 3rd quarter worth approximately $27,000. Point72 Hong Kong Ltd purchased a new position in shares of International Flavors & Fragrances during the third quarter worth $42,000. Oakworth Capital Inc. acquired a new position in International Flavors & Fragrances during the third quarter valued at $44,000. Eastern Bank purchased a new stake in International Flavors & Fragrances in the third quarter valued at $46,000. Finally, Ashton Thomas Securities LLC acquired a new stake in International Flavors & Fragrances during the 3rd quarter worth about $48,000. Institutional investors and hedge funds own 96.02% of the company’s stock.

International Flavors & Fragrances Trading Up 1.1 %

IFF stock opened at $85.19 on Wednesday. The business’s 50-day moving average is $85.47 and its 200 day moving average is $94.19. International Flavors & Fragrances Inc. has a 12-month low of $72.94 and a 12-month high of $106.77. The stock has a market cap of $21.78 billion, a price-to-earnings ratio of -9.37, a PEG ratio of 1.54 and a beta of 1.19. The company has a current ratio of 2.62, a quick ratio of 1.93 and a debt-to-equity ratio of 0.58.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on IFF. Barclays lowered their target price 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. Bank of America upgraded International Flavors & Fragrances from a “neutral” rating to a “buy” rating and set a $107.00 price objective on the stock in a research report on Friday, November 8th. Argus raised shares of International Flavors & Fragrances from a “hold” rating to a “buy” rating in a report on Tuesday, January 7th. UBS Group increased their price target on shares of International Flavors & Fragrances from $108.00 to $111.00 and gave the stock a “neutral” rating in a report on Wednesday, November 6th. Finally, JPMorgan Chase & Co. decreased their price objective 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. One analyst has rated the stock with a sell rating, three have assigned a hold rating and twelve have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $107.77.

International Flavors & Fragrances Company 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.