Pathway Financial Advisers LLC Has $442,000 Position in International Flavors & Fragrances Inc. (NYSE:IFF)

Pathway Financial Advisers LLC reduced its stake in shares of International Flavors & Fragrances Inc. (NYSE:IFF) by 80.6% in the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 5,232 shares of the specialty chemicals company’s stock after selling 21,784 shares during the period. Pathway Financial Advisers LLC’s holdings in International Flavors & Fragrances were worth $442,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. CWM LLC raised its holdings in shares of International Flavors & Fragrances by 1.7% in the third quarter. CWM LLC now owns 6,540 shares of the specialty chemicals company’s stock valued at $686,000 after purchasing an additional 109 shares during the last quarter. Exchange Traded Concepts LLC boosted its stake in shares of International Flavors & Fragrances by 1,109.4% in the 3rd quarter. Exchange Traded Concepts LLC now owns 774 shares of the specialty chemicals company’s stock worth $81,000 after buying an additional 710 shares during the last quarter. NBC Securities Inc. grew its holdings in shares of International Flavors & Fragrances by 10.3% in the third quarter. NBC Securities Inc. now owns 1,444 shares of the specialty chemicals company’s stock valued at $151,000 after acquiring an additional 135 shares in the last quarter. Bar Harbor Wealth Management increased its position in shares of International Flavors & Fragrances by 11.2% during the third quarter. Bar Harbor Wealth Management now owns 21,306 shares of the specialty chemicals company’s stock valued at $2,236,000 after acquiring an additional 2,154 shares during the last quarter. Finally, Sumitomo Mitsui DS Asset Management Company Ltd lifted its holdings in International Flavors & Fragrances by 2.2% during the third quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 28,461 shares of the specialty chemicals company’s stock worth $2,986,000 after acquiring an additional 616 shares during the period. 96.02% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research firms have recently weighed in on IFF. Morgan Stanley upgraded shares of International Flavors & Fragrances from an “equal weight” rating to an “overweight” rating and reduced their target price for the stock from $111.00 to $110.00 in a research note on Tuesday, November 12th. UBS Group boosted their price objective on International Flavors & Fragrances from $108.00 to $111.00 and gave the company a “neutral” rating in a research note on Wednesday, November 6th. Barclays decreased their price target on 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. Citigroup lowered their price target 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. Finally, Stifel Nicolaus reduced their price objective on shares of International Flavors & Fragrances from $113.00 to $105.00 and set a “buy” rating for the company in a research note on Monday, February 3rd. One equities 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. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $107.77.

International Flavors & Fragrances Stock Performance

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

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.