C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors Invests $9.27 Million in International Flavors & Fragrances Inc. (NYSE:IFF)

C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors acquired a new stake in shares of International Flavors & Fragrances Inc. (NYSE:IFF) in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund acquired 109,646 shares of the specialty chemicals company’s stock, valued at approximately $9,271,000.

A number of other large investors also recently bought and sold shares of IFF. Northwest Investment Counselors LLC purchased a new position in International Flavors & Fragrances during the 3rd quarter valued at $27,000. Point72 Hong Kong Ltd bought a new stake in International Flavors & Fragrances during the 3rd quarter valued at $42,000. Oakworth Capital Inc. bought a new stake in International Flavors & Fragrances during the 3rd quarter valued at $44,000. Eastern Bank bought a new stake in International Flavors & Fragrances during the 3rd quarter valued at $46,000. Finally, Ashton Thomas Securities LLC bought a new stake in International Flavors & Fragrances during the 3rd quarter valued at $48,000. Hedge funds and other institutional investors own 96.02% of the company’s stock.

International Flavors & Fragrances Stock Performance

International Flavors & Fragrances stock opened at $85.60 on Tuesday. International Flavors & Fragrances Inc. has a fifty-two week low of $72.94 and a fifty-two week high of $106.77. The company has a current ratio of 2.62, a quick ratio of 1.93 and a debt-to-equity ratio of 0.58. The business’s 50-day simple moving average is $85.18 and its two-hundred day simple moving average is $93.80.

Wall Street Analyst Weigh In

IFF has been the subject of a number of research analyst reports. JPMorgan Chase & Co. decreased their target price on International Flavors & Fragrances from $110.00 to $107.00 and set an “overweight” rating for the company in a research report on Thursday, November 7th. Argus raised International Flavors & Fragrances from a “hold” rating to a “buy” rating in a research report on Tuesday, January 7th. Oppenheimer reduced their target price on International Flavors & Fragrances from $117.00 to $114.00 and set an “outperform” rating on the stock in a research report on Tuesday, January 28th. Vertical Research raised International Flavors & Fragrances from a “hold” rating to a “buy” rating and set a $109.00 target price on the stock in a research report on Thursday, November 7th. Finally, Barclays reduced their target price 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. One investment analyst has rated the stock with a sell rating, three have given a hold rating and twelve have assigned a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average 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.