Teacher Retirement System of Texas Acquires New Stake in International Flavors & Fragrances Inc. (NYSE:IFF)

Teacher Retirement System of Texas bought a new position in International Flavors & Fragrances Inc. (NYSE:IFF) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 3,908 shares of the specialty chemicals company’s stock, valued at approximately $330,000.

A number of other hedge funds and other institutional investors have also made changes to their positions in the business. SBI Securities Co. Ltd. acquired a new stake in International Flavors & Fragrances during the 4th quarter worth approximately $32,000. Point72 Hong Kong Ltd purchased a new stake in International Flavors & Fragrances during the 3rd quarter worth approximately $42,000. Fairway Wealth LLC acquired a new stake in International Flavors & Fragrances in the fourth quarter valued at $34,000. Rialto Wealth Management LLC acquired a new stake in shares of International Flavors & Fragrances in the 4th quarter valued at about $42,000. Finally, Principal Securities Inc. lifted its holdings in International Flavors & Fragrances by 36.6% during the 4th quarter. Principal Securities Inc. now owns 638 shares of the specialty chemicals company’s stock worth $54,000 after buying an additional 171 shares during the last quarter. Hedge funds and other institutional investors own 96.02% of the company’s stock.

Insider Buying and Selling

In other International Flavors & Fragrances news, Director Kevin O’byrne purchased 6,500 shares of International Flavors & Fragrances stock in a transaction that occurred on Wednesday, March 5th. The stock was acquired at an average price of $80.44 per share, for a total transaction of $522,860.00. Following the completion of the acquisition, the director now owns 6,500 shares of the company’s stock, valued at approximately $522,860. This trade represents a ∞ increase in their position. The purchase was disclosed in a filing with the SEC, which is accessible through this link. 0.20% of the stock is currently owned by corporate insiders.

International Flavors & Fragrances Stock Down 0.3 %

Shares of NYSE IFF opened at $77.40 on Wednesday. The company has a debt-to-equity ratio of 0.54, a quick ratio of 1.93 and a current ratio of 1.84. International Flavors & Fragrances Inc. has a 52-week low of $75.73 and a 52-week high of $106.77. The firm has a 50 day moving average price of $82.25 and a 200 day moving average price of $89.42. The stock has a market cap of $19.79 billion, a P/E ratio of 82.34, a P/E/G ratio of 1.45 and a beta of 1.21.

International Flavors & Fragrances (NYSE:IFF) last released its earnings results on Tuesday, February 18th. The specialty chemicals company reported $0.97 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.83 by $0.14. The firm had revenue of $2.77 billion during the quarter, compared to analysts’ expectations of $2.67 billion. International Flavors & Fragrances had a return on equity of 7.72% and a net margin of 2.12%. Analysts expect that International Flavors & Fragrances Inc. will post 4.32 EPS for the current year.

International Flavors & Fragrances Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, April 11th. Shareholders of record on Friday, March 21st will be given a dividend of $0.40 per share. The ex-dividend date is Friday, March 21st. This represents a $1.60 annualized dividend and a yield of 2.07%. International Flavors & Fragrances’s dividend payout ratio (DPR) is presently 170.21%.

Analysts Set New Price Targets

A number of equities analysts have issued reports on the stock. Barclays cut their target price on shares of International Flavors & Fragrances from $83.00 to $82.00 and set an “equal weight” rating on the stock in a report on Thursday, March 27th. Oppenheimer reduced their price objective on shares of International Flavors & Fragrances from $114.00 to $104.00 and set an “outperform” rating for the company in a report on Thursday, February 20th. JPMorgan Chase & Co. lowered their price target on International Flavors & Fragrances from $107.00 to $104.00 and set an “overweight” rating on the stock in a research report on Thursday, February 20th. Wells Fargo & Company lowered their price objective on shares of International Flavors & Fragrances from $115.00 to $105.00 and set an “overweight” rating on the stock in a research note on Thursday, February 20th. Finally, Citigroup cut their target price on International Flavors & Fragrances from $110.00 to $105.00 and set a “buy” rating on the stock in a research report on Wednesday, December 18th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and eleven have assigned a buy rating to the company’s stock. According to MarketBeat, International Flavors & Fragrances currently has a consensus rating of “Moderate Buy” and an average price target of $103.31.

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.