Van ECK Associates Corp Has $478.91 Million Stock Position in International Flavors & Fragrances Inc. (NYSE:IFF)

Van ECK Associates Corp lifted its stake in International Flavors & Fragrances Inc. (NYSE:IFF) by 41.6% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 5,664,250 shares of the specialty chemicals company’s stock after buying an additional 1,663,629 shares during the period. Van ECK Associates Corp owned about 2.22% of International Flavors & Fragrances worth $478,912,000 at the end of the most recent reporting period.

Several other institutional investors have also bought and sold shares of IFF. Sumitomo Mitsui Trust Group Inc. raised its stake in International Flavors & Fragrances by 1.2% during the third quarter. Sumitomo Mitsui Trust Group Inc. now owns 615,006 shares of the specialty chemicals company’s stock worth $64,533,000 after acquiring an additional 7,553 shares in the last quarter. Choreo LLC grew its holdings in shares of International Flavors & Fragrances by 55.7% in the 4th quarter. Choreo LLC now owns 24,401 shares of the specialty chemicals company’s stock worth $2,055,000 after purchasing an additional 8,728 shares during the last quarter. U.S. Capital Wealth Advisors LLC acquired a new stake in shares of International Flavors & Fragrances during the 4th quarter worth about $7,508,000. Covea Finance lifted its holdings in International Flavors & Fragrances by 79.0% during the 4th quarter. Covea Finance now owns 123,090 shares of the specialty chemicals company’s stock valued at $10,407,000 after purchasing an additional 54,340 shares during the last quarter. Finally, B. Metzler seel. Sohn & Co. Holding AG acquired a new position in International Flavors & Fragrances in the third quarter valued at about $1,740,000. Institutional investors and hedge funds own 96.02% of the company’s stock.

International Flavors & Fragrances Trading Down 0.8 %

Shares of NYSE IFF opened at $84.55 on Thursday. International Flavors & Fragrances Inc. has a 1 year low of $72.94 and a 1 year high of $106.77. The firm’s 50-day moving average is $85.38 and its 200-day moving average is $94.12. The company has a quick ratio of 1.93, a current ratio of 2.62 and a debt-to-equity ratio of 0.58.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on the stock. Vertical Research raised shares of 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. 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. Stifel Nicolaus reduced their price objective 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. JPMorgan Chase & Co. lowered their target price on International Flavors & Fragrances from $110.00 to $107.00 and set an “overweight” rating for the company in a research note on Thursday, November 7th. Finally, Barclays reduced their price target on shares of International Flavors & Fragrances from $90.00 to $88.00 and set an “equal weight” rating on the stock in a research report on Friday, January 17th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and twelve have given a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus 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.