International Flavors & Fragrances Inc. (NYSE:IFF) Shares Acquired by Teachers Retirement System of The State of Kentucky

Teachers Retirement System of The State of Kentucky raised its holdings in shares of International Flavors & Fragrances Inc. (NYSE:IFF) by 17.5% in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 164,587 shares of the specialty chemicals company’s stock after acquiring an additional 24,549 shares during the quarter. Teachers Retirement System of The State of Kentucky owned approximately 0.06% of International Flavors & Fragrances worth $14,153,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also made changes to their positions in the company. Ballentine Partners LLC lifted its holdings in shares of International Flavors & Fragrances by 6.8% in the 4th quarter. Ballentine Partners LLC now owns 4,566 shares of the specialty chemicals company’s stock valued at $370,000 after purchasing an additional 290 shares during the last quarter. Camelot Portfolios LLC purchased a new stake in shares of International Flavors & Fragrances in the 4th quarter valued at about $1,180,000. Arizona State Retirement System lifted its holdings in shares of International Flavors & Fragrances by 0.8% in the 4th quarter. Arizona State Retirement System now owns 70,153 shares of the specialty chemicals company’s stock valued at $5,680,000 after purchasing an additional 559 shares during the last quarter. International Assets Investment Management LLC purchased a new stake in shares of International Flavors & Fragrances in the 4th quarter valued at about $380,000. Finally, Prime Capital Investment Advisors LLC purchased a new stake in shares of International Flavors & Fragrances in the 4th quarter valued at about $346,000. 96.02% of the stock is owned by institutional investors and hedge funds.

International Flavors & Fragrances Price Performance

Shares of IFF traded down $2.70 on Friday, reaching $96.14. The stock had a trading volume of 1,876,329 shares, compared to its average volume of 1,079,755. International Flavors & Fragrances Inc. has a twelve month low of $62.11 and a twelve month high of $101.89. The firm has a 50-day moving average of $96.66 and a 200 day moving average of $88.48. The company has a quick ratio of 1.05, a current ratio of 1.68 and a debt-to-equity ratio of 0.64. The firm has a market capitalization of $24.55 billion, a PE ratio of -9.84, a PEG ratio of 1.95 and a beta of 1.26.

International Flavors & Fragrances (NYSE:IFF) last posted its quarterly earnings data on Monday, May 6th. The specialty chemicals company reported $1.13 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.86 by $0.27. International Flavors & Fragrances had a positive return on equity of 5.78% and a negative net margin of 22.01%. The business had revenue of $2.90 billion for the quarter, compared to analysts’ expectations of $2.78 billion. During the same quarter last year, the firm earned $0.87 earnings per share. The business’s revenue was down 4.2% on a year-over-year basis. Sell-side analysts expect that International Flavors & Fragrances Inc. will post 3.98 EPS for the current year.

International Flavors & Fragrances Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 9th. Stockholders of record on Friday, September 20th will be issued a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a dividend yield of 1.66%. The ex-dividend date is Friday, September 20th. International Flavors & Fragrances’s dividend payout ratio (DPR) is -16.38%.

Insider Buying and Selling

In related news, insider Angela Strzelecki sold 2,588 shares of the stock in a transaction on Thursday, June 13th. The stock was sold at an average price of $95.66, for a total value of $247,568.08. Following the transaction, the insider now directly owns 8,539 shares of the company’s stock, valued at approximately $816,840.74. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 0.20% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on IFF shares. Citigroup boosted their target price on International Flavors & Fragrances from $108.00 to $116.00 and gave the company a “buy” rating in a report on Friday, July 12th. Bank of America upped their price objective on International Flavors & Fragrances from $87.00 to $99.00 and gave the company a “neutral” rating in a research note on Friday, May 10th. Wells Fargo & Company upped their price objective on International Flavors & Fragrances from $100.00 to $110.00 and gave the company an “overweight” rating in a research note on Wednesday, May 8th. Oppenheimer began coverage on International Flavors & Fragrances in a research note on Friday, June 7th. They set an “outperform” rating and a $116.00 price objective for the company. Finally, Barclays upped their price objective on International Flavors & Fragrances from $82.00 to $93.00 and gave the company an “equal weight” rating in a research note on Wednesday, May 8th. One equities research analyst has rated the stock with a sell rating, ten have issued a hold rating and nine have issued a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $98.33.

International Flavors & Fragrances Company Profile

International Flavors & Fragrances Inc, together with its subsidiaries, manufactures and sells cosmetic active and natural health ingredients for use in various consumer products in the United States, Europe, and internationally. It operates through four segments: Nourish, Health & Biosciences, Scent, and Pharma Solutions.