J.P. Morgan Private Wealth Advisors LLC Takes Position in International Flavors & Fragrances Inc. (NYSE:IFF)

J.P. Morgan Private Wealth Advisors LLC bought a new stake in International Flavors & Fragrances Inc. (NYSE:IFFFree Report) during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 14,672 shares of the specialty chemicals company’s stock, valued at approximately $1,000,000.

A number of other hedge funds have also recently added to or reduced their stakes in the stock. SVB Wealth LLC raised its stake in shares of International Flavors & Fragrances by 4.0% during the first quarter. SVB Wealth LLC now owns 2,077 shares of the specialty chemicals company’s stock valued at $273,000 after acquiring an additional 79 shares during the last quarter. Covestor Ltd raised its stake in shares of International Flavors & Fragrances by 48.8% during the first quarter. Covestor Ltd now owns 244 shares of the specialty chemicals company’s stock valued at $32,000 after acquiring an additional 80 shares during the last quarter. Raymond James Trust N.A. raised its stake in shares of International Flavors & Fragrances by 2.4% during the first quarter. Raymond James Trust N.A. now owns 3,792 shares of the specialty chemicals company’s stock valued at $498,000 after acquiring an additional 90 shares during the last quarter. Meiji Yasuda Asset Management Co Ltd. raised its stake in shares of International Flavors & Fragrances by 0.5% during the fourth quarter. Meiji Yasuda Asset Management Co Ltd. now owns 24,638 shares of the specialty chemicals company’s stock valued at $2,583,000 after acquiring an additional 120 shares during the last quarter. Finally, BSW Wealth Partners raised its stake in shares of International Flavors & Fragrances by 3.3% during the first quarter. BSW Wealth Partners now owns 4,226 shares of the specialty chemicals company’s stock valued at $389,000 after acquiring an additional 135 shares during the last quarter. Institutional investors and hedge funds own 89.52% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on the stock. Wells Fargo & Company raised their price target 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. Argus raised shares of International Flavors & Fragrances from a “hold” rating to a “buy” rating and set a $85.00 target price for the company in a research note on Tuesday, November 28th. Morgan Stanley raised shares of International Flavors & Fragrances from an “equal weight” rating to an “overweight” rating and lifted their target price for the stock from $81.00 to $90.00 in a research note on Monday, January 22nd. Stifel Nicolaus lifted their target price on shares of International Flavors & Fragrances from $81.00 to $87.00 and gave the stock a “hold” rating in a research note on Wednesday, December 20th. Finally, StockNews.com raised shares of International Flavors & Fragrances from a “sell” rating to a “hold” rating in a research note on Friday, November 10th. One analyst has rated the stock with a sell rating, eight have given a hold rating and six have issued a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $80.71.

Get Our Latest Stock Analysis on IFF

International Flavors & Fragrances Stock Up 0.5 %

Shares of NYSE IFF opened at $80.32 on Tuesday. The stock has a market capitalization of $20.50 billion, a P/E ratio of 446.22, a P/E/G ratio of 5.10 and a beta of 1.23. The company has a 50-day moving average price of $79.94 and a 200-day moving average price of $73.29. International Flavors & Fragrances Inc. has a 1 year low of $62.11 and a 1 year high of $98.76. The company has a debt-to-equity ratio of 0.54, a current ratio of 1.74 and a quick ratio of 1.04.

International Flavors & Fragrances 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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