Channing Global Advisors LLC Purchases 13,991 Shares of International Flavors & Fragrances Inc. (NYSE:IFF)

Channing Global Advisors LLC lifted its position in International Flavors & Fragrances Inc. (NYSE:IFF) by 43.7% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 46,008 shares of the specialty chemicals company’s stock after purchasing an additional 13,991 shares during the period. International Flavors & Fragrances comprises 2.6% of Channing Global Advisors LLC’s portfolio, making the stock its 12th largest holding. Channing Global Advisors LLC’s holdings in International Flavors & Fragrances were worth $3,890,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Sumitomo Mitsui Trust Group Inc. increased its stake in shares of International Flavors & Fragrances by 1.2% in the third quarter. Sumitomo Mitsui Trust Group Inc. now owns 615,006 shares of the specialty chemicals company’s stock worth $64,533,000 after purchasing an additional 7,553 shares in the last quarter. Choreo LLC grew its stake in International Flavors & Fragrances by 55.7% during the fourth quarter. Choreo LLC now owns 24,401 shares of the specialty chemicals company’s stock valued at $2,055,000 after acquiring an additional 8,728 shares in the last quarter. U.S. Capital Wealth Advisors LLC purchased a new position in International Flavors & Fragrances during the fourth quarter valued at $7,508,000. Covea Finance grew its stake in International Flavors & Fragrances by 79.0% during the fourth quarter. Covea Finance now owns 123,090 shares of the specialty chemicals company’s stock valued at $10,407,000 after acquiring an additional 54,340 shares in the last quarter. Finally, B. Metzler seel. Sohn & Co. Holding AG purchased a new position in International Flavors & Fragrances during the third quarter valued at $1,740,000. 96.02% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities analysts recently weighed in on IFF shares. Barclays cut their target price on shares of International Flavors & Fragrances from $90.00 to $88.00 and set an “equal weight” rating for the company in a research note on Friday, January 17th. Vertical Research raised shares of International Flavors & Fragrances from a “hold” rating to a “buy” rating and set a $109.00 target price for the company in a research note on Thursday, November 7th. Argus raised shares of International Flavors & Fragrances from a “hold” rating to a “buy” rating in a research note on Tuesday, January 7th. UBS Group increased their price objective on shares of International Flavors & Fragrances from $108.00 to $111.00 and gave the company a “neutral” rating in a research report on Wednesday, November 6th. Finally, Bank of America upgraded shares of International Flavors & Fragrances from a “neutral” rating to a “buy” rating and set a $107.00 price objective for the company in a research report on Friday, November 8th. One analyst has rated the stock with a sell rating, three have issued a hold rating and twelve have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $107.77.

International Flavors & Fragrances Trading Up 1.1 %

International Flavors & Fragrances stock opened at $85.19 on Wednesday. The firm has a 50-day moving average price of $85.47 and a 200-day moving average price of $94.19. The company has a debt-to-equity ratio of 0.58, a quick ratio of 1.93 and a current ratio of 2.62. International Flavors & Fragrances Inc. has a 12-month low of $72.94 and a 12-month high of $106.77.

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.