Strengthening Families & Communities LLC Reduces Position in International Flavors & Fragrances Inc. (NYSE:IFF)

Strengthening Families & Communities LLC decreased its holdings in International Flavors & Fragrances Inc. (NYSE:IFF) by 95.4% in the fourth quarter, HoldingsChannel.com reports. The fund 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 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in IFF. Nordea Investment Management AB lifted its stake in International Flavors & Fragrances by 25.7% in the fourth 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 period. Robeco Institutional Asset Management B.V. raised its holdings in 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 worth $74,299,000 after purchasing an additional 293,760 shares in the last quarter. Smith Group Asset Management LLC bought a new position in International Flavors & Fragrances in the third quarter worth $22,399,000. State Street Corp raised its holdings in International Flavors & Fragrances by 1.9% in 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 in the last quarter. Finally, Zurich Insurance Group Ltd FI bought a new position in International Flavors & Fragrances in the third quarter worth $19,813,000. Hedge funds and other institutional investors own 96.02% of the company’s stock.

International Flavors & Fragrances Stock Down 0.1 %

International Flavors & Fragrances stock opened at $84.20 on Tuesday. 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 one year low of $72.94 and a one year high of $106.77. The business’s fifty day moving average is $85.57 and its 200 day moving average is $94.28.

Analyst Ratings Changes

A number of equities analysts have issued reports on the company. Vertical Research upgraded International Flavors & Fragrances from a “hold” rating to a “buy” rating and set a $109.00 price objective for the company in a report on Thursday, November 7th. Barclays decreased their price objective 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. Argus upgraded International Flavors & Fragrances from a “hold” rating to a “buy” rating in a report on Tuesday, January 7th. UBS Group raised their price target on International Flavors & Fragrances from $108.00 to $111.00 and gave the company a “neutral” rating in a report on Wednesday, November 6th. Finally, Stifel Nicolaus reduced their price target 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. One research analyst has rated the stock with a sell rating, three have given a hold rating and twelve have assigned a buy rating to the company. Based on data from MarketBeat.com, International Flavors & Fragrances has an average rating of “Moderate Buy” and a consensus price target 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.