California State Teachers Retirement System Decreases Holdings in International Flavors & Fragrances Inc. $IFF

California State Teachers Retirement System trimmed its position in shares of International Flavors & Fragrances Inc. (NYSE:IFF) by 3.4% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 295,535 shares of the specialty chemicals company’s stock after selling 10,370 shares during the quarter. California State Teachers Retirement System’s holdings in International Flavors & Fragrances were worth $21,441,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently modified their holdings of IFF. Lloyd Advisory Services LLC. purchased a new stake in International Flavors & Fragrances during the fourth quarter valued at $27,000. Root Financial Partners LLC boosted its position in International Flavors & Fragrances by 97.9% in the first quarter. Root Financial Partners LLC now owns 554 shares of the specialty chemicals company’s stock worth $40,000 after purchasing an additional 274 shares during the last quarter. Geneos Wealth Management Inc. grew its stake in shares of International Flavors & Fragrances by 55.7% during the 1st quarter. Geneos Wealth Management Inc. now owns 587 shares of the specialty chemicals company’s stock valued at $46,000 after purchasing an additional 210 shares during the period. Transamerica Financial Advisors LLC grew its stake in shares of International Flavors & Fragrances by 884.1% during the 2nd quarter. Transamerica Financial Advisors LLC now owns 679 shares of the specialty chemicals company’s stock valued at $50,000 after purchasing an additional 610 shares during the period. Finally, Cromwell Holdings LLC increased its position in shares of International Flavors & Fragrances by 69.6% during the 4th quarter. Cromwell Holdings LLC now owns 894 shares of the specialty chemicals company’s stock valued at $61,000 after purchasing an additional 367 shares during the last quarter. Institutional investors own 96.02% of the company’s stock.

International Flavors & Fragrances Stock Down 0.2%

IFF stock opened at $79.29 on Friday. The business’s 50-day moving average price is $77.02 and its 200-day moving average price is $74.99. The stock has a market cap of $20.24 billion, a P/E ratio of 24.25, a PEG ratio of 1.98 and a beta of 0.93. The company has a quick ratio of 0.87, a current ratio of 1.49 and a debt-to-equity ratio of 0.33. International Flavors & Fragrances Inc. has a twelve month low of $59.14 and a twelve month high of $84.45.

International Flavors & Fragrances (NYSE:IFF) last released its earnings results on Tuesday, May 5th. The specialty chemicals company reported $1.25 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.08 by $0.17. International Flavors & Fragrances had a net margin of 7.78% and a return on equity of 7.65%. The company had revenue of $2.74 billion during the quarter, compared to analyst estimates of $2.64 billion. During the same period in the prior year, the firm posted $1.20 EPS. The firm’s quarterly revenue was down 3.6% compared to the same quarter last year. On average, equities research analysts forecast that International Flavors & Fragrances Inc. will post 4.55 EPS for the current year.

International Flavors & Fragrances Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, October 9th. Stockholders of record on Friday, September 18th will be paid a $0.40 dividend. The ex-dividend date of this dividend is Friday, September 18th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 2.0%. International Flavors & Fragrances’s dividend payout ratio is 48.93%.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on IFF shares. Benchmark assumed coverage on shares of International Flavors & Fragrances in a report on Tuesday, June 9th. They issued a “buy” rating and a $100.00 price objective on the stock. UBS Group upped their target price on shares of International Flavors & Fragrances from $75.00 to $86.00 in a report on Thursday, May 7th. BNP Paribas Exane increased their price target on shares of International Flavors & Fragrances from $85.00 to $95.00 in a research report on Thursday, May 7th. Citigroup dropped their price target on shares of International Flavors & Fragrances from $96.00 to $88.00 and set a “buy” rating on the stock in a research note on Wednesday, June 24th. Finally, Barclays boosted their price objective on shares of International Flavors & Fragrances from $80.00 to $90.00 and gave the company an “overweight” rating in a research report on Thursday, May 7th. Thirteen research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company. According to MarketBeat, International Flavors & Fragrances presently has an average rating of “Moderate Buy” and a consensus target price of $91.16.

Insider Activity at International Flavors & Fragrances

In other news, Director Paul J. Fribourg acquired 260,000 shares of the firm’s stock in a transaction dated Monday, June 1st. The shares were purchased at an average cost of $74.28 per share, for a total transaction of $19,312,800.00. Following the transaction, the director directly owned 2,682,730 shares of the company’s stock, valued at approximately $199,273,184.40. This trade represents a 10.73% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available through this hyperlink. 1.07% of the stock is owned by insiders.

International Flavors & Fragrances Company Profile

International Flavors & Fragrances Inc (NYSE:IFF) is a global leader in the creation and production of flavors, fragrances, cosmetic actives and nutritional lipids. The company develops taste and scent solutions for a wide array of end markets including food and beverage, personal care, household goods and pharmaceutical products. Its portfolio spans natural and nature-identical flavors, fine fragrances, functional ingredients for skin and hair care, and specialty oils that enhance nutritional value and sensory appeal.

IFF’s research and development network comprises innovation centers in North America, Europe, Asia-Pacific and Latin America, where multidisciplinary teams collaborate on aroma chemistry, sensory science and biotechnology.