Manchester Capital Management LLC Has $91,000 Holdings in International Flavors & Fragrances Inc. (NYSE:IFF)

Manchester Capital Management LLC grew its holdings in International Flavors & Fragrances Inc. (NYSE:IFF) by 38.9% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 1,072 shares of the specialty chemicals company’s stock after purchasing an additional 300 shares during the period. Manchester Capital Management LLC’s holdings in International Flavors & Fragrances were worth $91,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in IFF. Northwest Investment Counselors LLC acquired a new stake in shares of International Flavors & Fragrances in the third quarter valued at approximately $27,000. Point72 Hong Kong Ltd acquired a new stake in shares of International Flavors & Fragrances in the third quarter valued at approximately $42,000. Oakworth Capital Inc. acquired a new stake in shares of International Flavors & Fragrances in the third quarter valued at approximately $44,000. Eastern Bank bought a new position in shares of International Flavors & Fragrances in the third quarter valued at $46,000. Finally, Ashton Thomas Securities LLC bought a new position in shares of International Flavors & Fragrances in the third quarter valued at $48,000. 96.02% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research firms recently weighed in on IFF. JPMorgan Chase & Co. decreased their target price on shares of International Flavors & Fragrances from $110.00 to $107.00 and set an “overweight” rating for the company in a research note on Thursday, November 7th. Barclays decreased 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. Oppenheimer decreased their target price on shares of International Flavors & Fragrances from $117.00 to $114.00 and set an “outperform” rating for the company in a research note on Tuesday, January 28th. Bank of America raised shares of International Flavors & Fragrances from a “neutral” rating to a “buy” rating and set a $107.00 target price for the company in a research note on Friday, November 8th. Finally, Morgan Stanley raised shares of International Flavors & Fragrances from an “equal weight” rating to an “overweight” rating and reduced their price objective for the stock from $111.00 to $110.00 in a research report on Tuesday, November 12th. One 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 data from MarketBeat, International Flavors & Fragrances currently has a consensus rating of “Moderate Buy” and an average price target of $107.77.

International Flavors & Fragrances Trading Down 0.5 %

Shares of International Flavors & Fragrances stock opened at $85.60 on Friday. The firm has a 50-day moving average of $85.25 and a 200-day moving average of $93.93. The stock has a market cap of $21.89 billion, a PE ratio of -9.42, a PEG ratio of 1.54 and a beta of 1.19. International Flavors & Fragrances Inc. has a 52-week low of $72.94 and a 52-week high of $106.77. 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 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.