Wade G W & Inc. Has $268,000 Holdings in International Flavors & Fragrances Inc. (NYSE:IFF)

Wade G W & Inc. cut its holdings in International Flavors & Fragrances Inc. (NYSE:IFFFree Report) by 16.2% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 3,939 shares of the specialty chemicals company’s stock after selling 759 shares during the period. Wade G W & Inc.’s holdings in International Flavors & Fragrances were worth $268,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Price T Rowe Associates Inc. MD increased its holdings in International Flavors & Fragrances by 59.2% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 7,772,700 shares of the specialty chemicals company’s stock worth $814,890,000 after purchasing an additional 2,890,737 shares in the last quarter. State Street Corp boosted its stake in International Flavors & Fragrances by 26.9% during the first quarter. State Street Corp now owns 13,374,991 shares of the specialty chemicals company’s stock worth $1,240,654,000 after acquiring an additional 2,835,689 shares in the last quarter. Fort Washington Investment Advisors Inc. OH acquired a new stake in International Flavors & Fragrances in the third quarter worth $95,612,000. National Bank of Canada FI increased its stake in International Flavors & Fragrances by 1,789.7% in the third quarter. National Bank of Canada FI now owns 1,323,548 shares of the specialty chemicals company’s stock valued at $87,314,000 after purchasing an additional 1,253,509 shares in the last quarter. Finally, Norges Bank acquired a new position in shares of International Flavors & Fragrances during the fourth quarter valued at about $108,968,000. 89.52% of the stock is owned by institutional investors and hedge funds.

International Flavors & Fragrances Price Performance

Shares of NYSE:IFF opened at $79.94 on Friday. The company has a market capitalization of $20.41 billion, a P/E ratio of 444.11, a price-to-earnings-growth ratio of 5.14 and a beta of 1.23. The company’s 50-day moving average is $79.86 and its 200 day moving average is $73.51. The company has a debt-to-equity ratio of 0.54, a quick ratio of 1.04 and a current ratio of 1.74. International Flavors & Fragrances Inc. has a fifty-two week low of $62.11 and a fifty-two week high of $98.76.

Analysts Set New Price Targets

IFF has been the subject of a number of research analyst reports. UBS Group boosted their target price on International Flavors & Fragrances from $78.00 to $82.00 and gave the company a “neutral” rating in a research report on Thursday, January 11th. Jefferies Financial Group raised shares of International Flavors & Fragrances from a “hold” rating to a “buy” rating and lifted their price target for the company from $73.00 to $112.00 in a research report on Friday, January 12th. Wells Fargo & Company raised their price objective on shares of International Flavors & Fragrances from $80.00 to $85.00 and gave the company an “overweight” rating in a research note on Wednesday, November 8th. Barclays upped their target price on shares of International Flavors & Fragrances from $64.00 to $69.00 and gave the stock an “underweight” rating in a report on Friday, January 12th. Finally, Morgan Stanley upgraded International Flavors & Fragrances from an “equal weight” rating to an “overweight” rating and lifted their price target for the company from $81.00 to $90.00 in a research note on Monday, January 22nd. One analyst has rated the stock with a sell rating, ten have issued a hold rating and seven have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $80.71.

Check Out Our Latest Research Report on IFF

International Flavors & Fragrances Company Profile

(Free Report)

International Flavors & Fragrances Inc, together with its subsidiaries, manufactures and sells cosmetic active and natural health ingredients for use in various consumer products in Europe, Africa, the Middle East, Greater Asia, North America, and Latin America. It operates through four segments: Nourish, Scent, Health & Biosciences, and Pharma Solutions.

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Institutional Ownership by Quarter for International Flavors & Fragrances (NYSE:IFF)

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