International Flavors & Fragrances Inc. (NYSE:IFF) Stock Holdings Decreased by Kentucky Retirement Systems

Kentucky Retirement Systems reduced its position in International Flavors & Fragrances Inc. (NYSE:IFF) by 5.1% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 19,387 shares of the specialty chemicals company’s stock after selling 1,038 shares during the period. Kentucky Retirement Systems’ holdings in International Flavors & Fragrances were worth $1,667,000 as of its most recent SEC filing.

Several other institutional investors have also made changes to their positions in the company. Blue Bell Private Wealth Management LLC grew its position in International Flavors & Fragrances by 3,000.0% during the fourth quarter. Blue Bell Private Wealth Management LLC now owns 310 shares of the specialty chemicals company’s stock valued at $25,000 after purchasing an additional 300 shares in the last quarter. Riverview Trust Co purchased a new position in International Flavors & Fragrances during the first quarter valued at approximately $27,000. Quent Capital LLC grew its position in International Flavors & Fragrances by 183.2% during the first quarter. Quent Capital LLC now owns 371 shares of the specialty chemicals company’s stock valued at $32,000 after purchasing an additional 240 shares in the last quarter. Turtle Creek Wealth Advisors LLC purchased a new position in International Flavors & Fragrances during the fourth quarter valued at approximately $41,000. Finally, Principal Securities Inc. purchased a new position in International Flavors & Fragrances during the fourth quarter valued at approximately $43,000. 96.02% of the stock is owned by hedge funds and other institutional investors.

International Flavors & Fragrances Stock Performance

NYSE:IFF traded up $1.68 during trading hours on Friday, hitting $98.84. 1,231,311 shares of the company traded hands, compared to its average volume of 1,009,652. The stock has a market capitalization of $25.24 billion, a price-to-earnings ratio of -10.12, a P/E/G ratio of 1.95 and a beta of 1.26. International Flavors & Fragrances Inc. has a twelve month low of $62.11 and a twelve month high of $99.91. The firm has a 50-day moving average of $96.45 and a 200 day moving average of $87.94. The company has a current ratio of 1.68, a quick ratio of 1.05 and a debt-to-equity ratio of 0.64.

International Flavors & Fragrances (NYSE:IFF) last released its earnings results on Monday, May 6th. The specialty chemicals company reported $1.13 EPS for the quarter, beating the consensus estimate of $0.86 by $0.27. The firm had revenue of $2.90 billion during the quarter, compared to analysts’ expectations of $2.78 billion. International Flavors & Fragrances had a negative net margin of 22.01% and a positive return on equity of 5.78%. The business’s quarterly revenue was down 4.2% compared to the same quarter last year. During the same period in the prior year, the company earned $0.87 EPS. On average, analysts forecast that International Flavors & Fragrances Inc. will post 3.98 EPS for the current year.

International Flavors & Fragrances Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, July 10th. Stockholders of record on Friday, June 21st were paid a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.62%. The ex-dividend date was Friday, June 21st. International Flavors & Fragrances’s dividend payout ratio is -16.38%.

Insider Activity

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

Analyst Ratings Changes

A number of brokerages recently commented on IFF. Barclays boosted their price objective on shares of International Flavors & Fragrances from $82.00 to $93.00 and gave the company an “equal weight” rating in a research report on Wednesday, May 8th. JPMorgan Chase & Co. raised shares of International Flavors & Fragrances from a “neutral” rating to an “overweight” rating and boosted their target price for the stock from $75.00 to $100.00 in a research report on Wednesday, May 8th. Morgan Stanley boosted their target price on shares of International Flavors & Fragrances from $100.00 to $103.00 and gave the stock an “equal weight” rating in a research report on Wednesday, July 3rd. Bank of America boosted their target price on shares of International Flavors & Fragrances from $87.00 to $99.00 and gave the stock a “neutral” rating in a research report on Friday, May 10th. Finally, Oppenheimer assumed coverage on shares of International Flavors & Fragrances in a research report on Friday, June 7th. They issued an “outperform” rating and a $116.00 target price for the company. One investment analyst has rated the stock with a sell rating, ten have issued a hold rating and nine have given a buy rating to the stock. According to MarketBeat.com, International Flavors & Fragrances presently has a consensus 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.