International Flavors & Fragrances Inc. (NYSE:IFF) Shares Sold by Retirement Systems of Alabama

Retirement Systems of Alabama decreased its stake in shares of International Flavors & Fragrances Inc. (NYSE:IFF) by 2.5% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 56,260 shares of the specialty chemicals company’s stock after selling 1,455 shares during the quarter. Retirement Systems of Alabama’s holdings in International Flavors & Fragrances were worth $4,555,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in IFF. Commonwealth Equity Services LLC lifted its position in International Flavors & Fragrances by 124.1% during the 3rd quarter. Commonwealth Equity Services LLC now owns 41,019 shares of the specialty chemicals company’s stock worth $2,796,000 after acquiring an additional 22,719 shares during the period. Cambridge Investment Research Advisors Inc. raised its position in International Flavors & Fragrances by 4.8% during the 3rd quarter. Cambridge Investment Research Advisors Inc. now owns 12,823 shares of the specialty chemicals company’s stock worth $874,000 after buying an additional 590 shares during the last quarter. Raymond James & Associates lifted its stake in International Flavors & Fragrances by 125.9% during the 3rd quarter. Raymond James & Associates now owns 170,673 shares of the specialty chemicals company’s stock valued at $11,635,000 after acquiring an additional 95,118 shares during the period. Raymond James Financial Services Advisors Inc. increased its stake in shares of International Flavors & Fragrances by 20.5% in the third quarter. Raymond James Financial Services Advisors Inc. now owns 57,816 shares of the specialty chemicals company’s stock worth $3,941,000 after acquiring an additional 9,845 shares during the period. Finally, Stratos Wealth Partners LTD. raised its holdings in shares of International Flavors & Fragrances by 3.8% during the third quarter. Stratos Wealth Partners LTD. now owns 4,388 shares of the specialty chemicals company’s stock worth $299,000 after purchasing an additional 161 shares during the last quarter. Hedge funds and other institutional investors own 96.02% of the company’s stock.

International Flavors & Fragrances Stock Performance

NYSE:IFF opened at $88.66 on Tuesday. The company has a market cap of $22.64 billion, a P/E ratio of -8.83, a P/E/G ratio of 1.94 and a beta of 1.21. International Flavors & Fragrances Inc. has a twelve month low of $62.11 and a twelve month high of $97.49. The company’s 50-day moving average price is $82.84 and its 200-day moving average price is $79.10. The company has a current ratio of 1.67, a quick ratio of 1.02 and a debt-to-equity ratio of 0.63.

International Flavors & Fragrances (NYSE:IFF) last released its earnings results on Tuesday, February 20th. The specialty chemicals company reported $0.72 earnings per share for the quarter, missing analysts’ consensus estimates of $0.75 by ($0.03). The business had revenue of $2.70 billion during the quarter, compared to analysts’ expectations of $2.70 billion. International Flavors & Fragrances had a positive return on equity of 5.09% and a negative net margin of 22.36%. The company’s revenue for the quarter was down 5.0% compared to the same quarter last year. During the same period last year, the business earned $0.97 earnings per share. On average, sell-side analysts forecast that International Flavors & Fragrances Inc. will post 3.68 earnings per share for the current fiscal year.

International Flavors & Fragrances Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, July 10th. Shareholders of record on Friday, June 21st will be paid a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.80%. The ex-dividend date of this dividend is Friday, June 21st. International Flavors & Fragrances’s dividend payout ratio (DPR) is presently -15.94%.

Analyst Ratings Changes

Several equities research analysts have commented on the stock. Wells Fargo & Company upped their price target on shares of International Flavors & Fragrances from $90.00 to $100.00 and gave the company an “overweight” rating in a report on Thursday, April 4th. Mizuho lifted their price target on International Flavors & Fragrances from $83.00 to $91.00 and gave the company a “neutral” rating in a research report on Wednesday, March 20th. Morgan Stanley upped their price objective on International Flavors & Fragrances from $89.00 to $96.00 and gave the stock an “overweight” rating in a research report on Wednesday, March 27th. Citigroup raised shares of International Flavors & Fragrances from a “neutral” rating to a “buy” rating and lifted their target price for the company from $81.00 to $100.00 in a report on Wednesday, April 10th. Finally, UBS Group increased their price target on shares of International Flavors & Fragrances from $78.00 to $82.00 and gave the stock a “neutral” rating in a report on Thursday, January 11th. One analyst has rated the stock with a sell rating, ten have given a hold rating and seven have issued a buy rating to the stock. According to MarketBeat.com, International Flavors & Fragrances has a consensus rating of “Hold” and a consensus target price of $86.35.

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.