C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors Buys Shares of 109,646 International Flavors & Fragrances Inc. (NYSE:IFF)

C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors bought a new stake in International Flavors & Fragrances Inc. (NYSE:IFF) during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 109,646 shares of the specialty chemicals company’s stock, valued at approximately $9,271,000. International Flavors & Fragrances comprises approximately 0.4% of C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors’ holdings, making the stock its 27th biggest holding.

Other hedge funds have also recently made changes to their positions in the company. Northwest Investment Counselors LLC acquired a new position in shares of International Flavors & Fragrances in the third quarter valued at approximately $27,000. Point72 Hong Kong Ltd purchased a new stake in International Flavors & Fragrances during the third quarter worth approximately $42,000. Oakworth Capital Inc. purchased a new position in International Flavors & Fragrances in the third quarter valued at approximately $44,000. Eastern Bank acquired a new stake in International Flavors & Fragrances during the third quarter worth approximately $46,000. Finally, Ashton Thomas Securities LLC purchased a new stake in shares of International Flavors & Fragrances during the 3rd quarter worth approximately $48,000. Hedge funds and other institutional investors own 96.02% of the company’s stock.

International Flavors & Fragrances Stock Performance

Shares of 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 company has a 50-day moving average price of $85.38 and a 200 day moving average price of $94.12. International Flavors & Fragrances Inc. has a 52 week low of $72.94 and a 52 week high of $106.77.

Wall Street Analyst Weigh In

IFF has been the subject of a number of research reports. 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 research report on Thursday, November 7th. Bank of America raised International Flavors & Fragrances from a “neutral” rating to a “buy” rating and set a $107.00 target price for the company in a report on Friday, November 8th. Stifel Nicolaus cut their price target on International Flavors & Fragrances from $113.00 to $105.00 and set a “buy” rating on the stock in a research report on Monday, February 3rd. 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. Finally, Citigroup lowered their target price on shares of 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. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and twelve have given a buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $107.77.

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.