Beacon Financial Group Has $513,000 Stock Position in International Flavors & Fragrances Inc. (NYSE:IFF)

Beacon Financial Group cut its position in International Flavors & Fragrances Inc. (NYSE:IFF) by 7.3% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 6,069 shares of the specialty chemicals company’s stock after selling 476 shares during the period. Beacon Financial Group’s holdings in International Flavors & Fragrances were worth $513,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in IFF. Northwest Investment Counselors LLC acquired a new stake in International Flavors & Fragrances in the third quarter valued at approximately $27,000. Point72 Hong Kong Ltd bought a new position in shares of International Flavors & Fragrances in the 3rd quarter worth $42,000. Oakworth Capital Inc. acquired a new stake in International Flavors & Fragrances in 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 acquired a new position in International Flavors & Fragrances during the third quarter worth $48,000. 96.02% of the stock is owned by institutional investors.

International Flavors & Fragrances Stock Down 0.8 %

International Flavors & Fragrances stock opened at $84.55 on Thursday. The firm has a 50 day moving average price of $85.38 and a 200-day moving average price of $94.12. The company has a quick ratio of 1.93, a current ratio of 2.62 and a debt-to-equity ratio of 0.58. International Flavors & Fragrances Inc. has a twelve month low of $72.94 and a twelve month high of $106.77. The company has a market capitalization of $21.62 billion, a P/E ratio of -9.30, a P/E/G ratio of 1.54 and a beta of 1.19.

Analysts Set New Price Targets

Several equities analysts recently weighed in on the stock. Bank of America raised shares of International Flavors & Fragrances from a “neutral” rating to a “buy” rating and set a $107.00 price target on the stock in a research report on Friday, November 8th. UBS Group raised their target price on International Flavors & Fragrances from $108.00 to $111.00 and gave the company a “neutral” rating in a report on Wednesday, November 6th. Barclays decreased their price target on International Flavors & Fragrances from $90.00 to $88.00 and set an “equal weight” rating for the company in a report on Friday, January 17th. JPMorgan Chase & Co. dropped their price objective on International Flavors & Fragrances from $110.00 to $107.00 and set an “overweight” rating on the stock in a research note on Thursday, November 7th. Finally, Morgan Stanley upgraded shares of International Flavors & Fragrances from an “equal weight” rating to an “overweight” rating and reduced their target price for the stock from $111.00 to $110.00 in a research note on Tuesday, November 12th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and twelve have issued a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $107.77.

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.