International Flavors & Fragrances Inc. (NYSE:IFF) Shares Bought by Kestra Private Wealth Services LLC

Kestra Private Wealth Services LLC grew its position in International Flavors & Fragrances Inc. (NYSE:IFF) by 33.1% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 6,601 shares of the specialty chemicals company’s stock after acquiring an additional 1,640 shares during the quarter. Kestra Private Wealth Services LLC’s holdings in International Flavors & Fragrances were worth $558,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in IFF. Empowered Funds LLC grew its holdings in shares of International Flavors & Fragrances by 47.6% during the fourth quarter. Empowered Funds LLC now owns 6,096 shares of the specialty chemicals company’s stock worth $515,000 after buying an additional 1,966 shares in the last quarter. Cantor Fitzgerald Investment Advisors L.P. raised its holdings in International Flavors & Fragrances by 0.3% in the 4th quarter. Cantor Fitzgerald Investment Advisors L.P. now owns 107,992 shares of the specialty chemicals company’s stock valued at $9,131,000 after acquiring an additional 335 shares during the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd lifted its stake in International Flavors & Fragrances by 8.0% in the 4th quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 30,746 shares of the specialty chemicals company’s stock worth $2,600,000 after purchasing an additional 2,285 shares in the last quarter. Bleakley Financial Group LLC boosted its holdings in shares of International Flavors & Fragrances by 9.3% during the 4th quarter. Bleakley Financial Group LLC now owns 9,112 shares of the specialty chemicals company’s stock worth $770,000 after purchasing an additional 778 shares during the last quarter. Finally, Choreo LLC grew its position in shares of International Flavors & Fragrances by 55.7% in the fourth quarter. Choreo LLC now owns 24,401 shares of the specialty chemicals company’s stock valued at $2,055,000 after purchasing an additional 8,728 shares in the last quarter. 96.02% of the stock is owned by institutional investors and hedge funds.

International Flavors & Fragrances Trading Down 0.5 %

NYSE IFF opened at $85.60 on Friday. International Flavors & Fragrances Inc. has a one year low of $72.94 and a one year high of $106.77. The firm has a 50 day simple moving average of $85.25 and a 200-day simple moving average of $93.93. The firm has a market cap of $21.89 billion, a price-to-earnings ratio of -9.42, a PEG ratio of 1.54 and a beta of 1.19. The company has a debt-to-equity ratio of 0.58, a quick ratio of 1.93 and a current ratio of 2.62.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on IFF. Morgan Stanley raised International Flavors & Fragrances from an “equal weight” rating to an “overweight” rating and lowered their price objective for the stock from $111.00 to $110.00 in a research note 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 price objective for the company in a report on Thursday, November 7th. Citigroup decreased their target price on shares of International Flavors & Fragrances from $110.00 to $105.00 and set a “buy” rating on the stock in a report on Wednesday, December 18th. Oppenheimer cut their price target on shares of International Flavors & Fragrances from $117.00 to $114.00 and set an “outperform” rating for the company in a report on Tuesday, January 28th. Finally, Stifel Nicolaus decreased their price objective on International Flavors & Fragrances from $113.00 to $105.00 and set a “buy” rating on the stock in a report on Monday, February 3rd. One research 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’s stock. According to data from MarketBeat.com, International Flavors & Fragrances currently has a consensus rating of “Moderate Buy” and a consensus 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.