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

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

A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. WASHINGTON TRUST Co acquired a new position in International Flavors & Fragrances during the fourth quarter worth about $4,593,000. Compagnie Lombard Odier SCmA raised its stake in International Flavors & Fragrances by 11.1% during the fourth quarter. Compagnie Lombard Odier SCmA now owns 114,179 shares of the specialty chemicals company’s stock worth $9,654,000 after acquiring an additional 11,406 shares in the last quarter. Asset Management One Co. Ltd. raised its stake in International Flavors & Fragrances by 27.1% during the fourth quarter. Asset Management One Co. Ltd. now owns 123,631 shares of the specialty chemicals company’s stock worth $10,458,000 after acquiring an additional 26,357 shares in the last quarter. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors acquired a new position in International Flavors & Fragrances during the fourth quarter worth about $9,271,000. Finally, 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. Institutional investors and hedge funds own 96.02% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have commented on the company. Stifel Nicolaus lowered their target price on International Flavors & Fragrances from $113.00 to $105.00 and set a “buy” rating for the company in a research note on Monday, February 3rd. Bank of America raised International Flavors & Fragrances from a “neutral” rating to a “buy” rating and set a $107.00 price objective for the company in a research note on Friday, November 8th. Vertical Research raised International Flavors & Fragrances from a “hold” rating to a “buy” rating and set a $109.00 price objective for the company in a research note on Thursday, November 7th. 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 note on Thursday, November 7th. Finally, Morgan Stanley raised International Flavors & Fragrances from an “equal weight” rating to an “overweight” rating and lowered their price objective for the company from $111.00 to $110.00 in a research note on Tuesday, November 12th. One analyst has rated the stock with a sell rating, three have given a hold rating and twelve have assigned a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $107.77.

International Flavors & Fragrances Price Performance

International Flavors & Fragrances stock opened at $85.60 on Friday. The stock has a market capitalization of $21.89 billion, a price-to-earnings 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 stock’s 50 day moving average price is $85.25 and its two-hundred day moving average price is $93.93. 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.