Beacon Financial Group Reduces Position in International Flavors & Fragrances Inc. (NYSE:IFF)

Beacon Financial Group decreased its holdings in International Flavors & Fragrances Inc. (NYSE:IFF) by 7.3% in the 4th quarter, Holdings Channel.com reports. The firm owned 6,069 shares of the specialty chemicals company’s stock after selling 476 shares during the period. Beacon Financial Group’s holdings in International Flavors & Fragrances were worth $513,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Stonebridge Financial Group LLC purchased a new stake in shares of International Flavors & Fragrances during the fourth quarter worth $265,000. Regents Gate Capital LLP bought a new stake in shares of International Flavors & Fragrances during the 4th quarter valued at $6,044,000. Kestra Private Wealth Services LLC lifted its holdings in International Flavors & Fragrances by 33.1% during the 4th quarter. Kestra Private Wealth Services LLC now owns 6,601 shares of the specialty chemicals company’s stock worth $558,000 after purchasing an additional 1,640 shares in the last quarter. Empowered Funds LLC boosted its stake in International Flavors & Fragrances by 47.6% in the 4th quarter. Empowered Funds LLC now owns 6,096 shares of the specialty chemicals company’s stock worth $515,000 after purchasing an additional 1,966 shares during the period. Finally, Cantor Fitzgerald Investment Advisors L.P. grew its holdings in International Flavors & Fragrances by 0.3% during 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 buying an additional 335 shares in the last quarter. Institutional investors own 96.02% of the company’s stock.

Wall Street Analysts Forecast Growth

IFF has been the topic of a number of recent analyst reports. Oppenheimer lowered their price target on shares of International Flavors & Fragrances from $117.00 to $114.00 and set an “outperform” rating on the stock in a report on Tuesday, January 28th. Vertical Research raised shares of International Flavors & Fragrances from a “hold” rating to a “buy” rating and set a $109.00 price target for the company in a report on Thursday, November 7th. Citigroup lowered their price objective on International Flavors & Fragrances from $110.00 to $105.00 and set a “buy” rating on the stock in a research report on Wednesday, December 18th. JPMorgan Chase & Co. decreased their target price on International Flavors & Fragrances from $110.00 to $107.00 and set an “overweight” rating on the stock in a research note on Thursday, November 7th. Finally, Barclays dropped their price target on International Flavors & Fragrances from $90.00 to $88.00 and set an “equal weight” rating for the company in a research report on Friday, January 17th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and twelve have given a buy rating to the stock. According to MarketBeat.com, International Flavors & Fragrances presently has an average rating of “Moderate Buy” and a consensus target price 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. International Flavors & Fragrances Inc. has a fifty-two week low of $72.94 and a fifty-two week high of $106.77. The business has a 50 day moving average price of $85.38 and a 200-day moving average price of $94.12. The firm has a market cap of $21.62 billion, a PE ratio of -9.30, a price-to-earnings-growth ratio of 1.54 and a beta of 1.19.

About International Flavors & Fragrances

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.