Pathway Financial Advisers LLC Sells 21,784 Shares of International Flavors & Fragrances Inc. (NYSE:IFF)

Pathway Financial Advisers LLC lessened its stake in International Flavors & Fragrances Inc. (NYSE:IFF) by 80.6% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 5,232 shares of the specialty chemicals company’s stock after selling 21,784 shares during the quarter. Pathway Financial Advisers LLC’s holdings in International Flavors & Fragrances were worth $442,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in IFF. State Street Corp lifted its stake in International Flavors & Fragrances by 1.9% during the third quarter. State Street Corp now owns 10,467,517 shares of the specialty chemicals company’s stock worth $1,102,363,000 after purchasing an additional 196,696 shares during the last quarter. Geode Capital Management LLC grew its position in International Flavors & Fragrances by 1.3% in the third quarter. Geode Capital Management LLC now owns 6,008,830 shares of the specialty chemicals company’s stock valued at $628,341,000 after acquiring an additional 77,521 shares during the last quarter. Van ECK Associates Corp raised its stake in International Flavors & Fragrances by 41.6% during the fourth quarter. Van ECK Associates Corp now owns 5,664,250 shares of the specialty chemicals company’s stock worth $478,912,000 after acquiring an additional 1,663,629 shares in the last quarter. Nordea Investment Management AB boosted its stake in shares of International Flavors & Fragrances by 25.7% in the 4th quarter. Nordea Investment Management AB now owns 5,489,741 shares of the specialty chemicals company’s stock valued at $464,926,000 after purchasing an additional 1,121,414 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its position in International Flavors & Fragrances by 1.1% in the third quarter. Charles Schwab Investment Management Inc. now owns 1,498,815 shares of the specialty chemicals company’s stock valued at $157,271,000 after buying an additional 16,590 shares in the last quarter. Institutional investors own 96.02% of the company’s stock.

International Flavors & Fragrances Stock Down 0.8 %

IFF opened at $84.55 on Thursday. The company has a fifty day moving average price of $85.38 and a two-hundred day moving average price of $94.12. International Flavors & Fragrances Inc. has a 1-year low of $72.94 and a 1-year high of $106.77. The company has a quick ratio of 1.93, a current ratio of 2.62 and a debt-to-equity ratio of 0.58.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on IFF. Citigroup reduced their price objective on 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. Oppenheimer cut their target price on shares of International Flavors & Fragrances from $117.00 to $114.00 and set an “outperform” rating on the stock in a research report on Tuesday, January 28th. Vertical Research upgraded 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. Stifel Nicolaus cut their price target on shares of International Flavors & Fragrances from $113.00 to $105.00 and set a “buy” rating on the stock in a report on Monday, February 3rd. Finally, JPMorgan Chase & Co. lowered their price objective on International Flavors & Fragrances from $110.00 to $107.00 and set an “overweight” rating for the company in a research report on Thursday, November 7th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and twelve have issued a buy rating to the company. According to MarketBeat, the stock presently has an average 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.