International Flavors & Fragrances Inc. (NYSE:IFF) Shares Sold by Louisiana State Employees Retirement System

Louisiana State Employees Retirement System cut its holdings in International Flavors & Fragrances Inc. (NYSE:IFF) by 4.2% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 13,800 shares of the specialty chemicals company’s stock after selling 600 shares during the quarter. Louisiana State Employees Retirement System’s holdings in International Flavors & Fragrances were worth $1,167,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. Sumitomo Mitsui Trust Group Inc. grew its stake in shares of International Flavors & Fragrances by 1.2% during the 3rd quarter. Sumitomo Mitsui Trust Group Inc. now owns 615,006 shares of the specialty chemicals company’s stock worth $64,533,000 after purchasing an additional 7,553 shares during the period. Choreo LLC grew its position in International Flavors & Fragrances by 55.7% during the fourth quarter. Choreo LLC now owns 24,401 shares of the specialty chemicals company’s stock worth $2,055,000 after buying an additional 8,728 shares during the period. Covea Finance increased its holdings in International Flavors & Fragrances by 79.0% in the fourth quarter. Covea Finance now owns 123,090 shares of the specialty chemicals company’s stock valued at $10,407,000 after buying an additional 54,340 shares in the last quarter. U.S. Capital Wealth Advisors LLC acquired a new stake in shares of International Flavors & Fragrances during the 4th quarter valued at approximately $7,508,000. Finally, B. Metzler seel. Sohn & Co. Holding AG purchased a new stake in shares of International Flavors & Fragrances during the 3rd quarter worth approximately $1,740,000. Institutional investors and hedge funds own 96.02% of the company’s stock.

International Flavors & Fragrances Price Performance

IFF stock opened at $85.60 on Monday. The stock has a market capitalization of $21.89 billion, a price-to-earnings ratio of -9.42, a price-to-earnings-growth ratio of 1.54 and a beta of 1.19. The stock’s fifty day simple moving average is $85.25 and its 200-day simple moving average is $93.89. International Flavors & Fragrances Inc. has a 52-week low of $72.94 and a 52-week high of $106.77. The company has a quick ratio of 1.93, a current ratio of 2.62 and a debt-to-equity ratio of 0.58.

Wall Street Analyst Weigh In

Several research firms recently weighed in on IFF. UBS Group raised their price objective on International Flavors & Fragrances from $108.00 to $111.00 and gave the company a “neutral” rating in a research note on Wednesday, November 6th. Morgan Stanley raised International Flavors & Fragrances from an “equal weight” rating to an “overweight” rating and cut their price target for the stock from $111.00 to $110.00 in a research note on Tuesday, November 12th. JPMorgan Chase & Co. lowered their price objective on shares of International Flavors & Fragrances from $110.00 to $107.00 and set an “overweight” rating on the stock in a research note on Thursday, November 7th. Bank of America upgraded shares of International Flavors & Fragrances from a “neutral” rating to a “buy” rating and set a $107.00 target price for the company in a research report on Friday, November 8th. Finally, Oppenheimer lowered their price target on shares of International Flavors & Fragrances from $117.00 to $114.00 and set an “outperform” rating on the stock in a research report on Tuesday, January 28th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and twelve have given a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $107.77.

About International Flavors & Fragrances

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.