Public Employees Retirement Association of Colorado Sells 1,489 Shares of International Flavors & Fragrances Inc. (NYSE:IFF)

Public Employees Retirement Association of Colorado decreased its stake in International Flavors & Fragrances Inc. (NYSE:IFF) by 5.3% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 26,509 shares of the specialty chemicals company’s stock after selling 1,489 shares during the period. Public Employees Retirement Association of Colorado’s holdings in International Flavors & Fragrances were worth $2,524,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently made changes to their positions in the company. Norges Bank bought a new position in International Flavors & Fragrances during the 4th quarter worth approximately $79,812,000. Dynamic Technology Lab Private Ltd acquired a new position in International Flavors & Fragrances in the fourth quarter valued at $228,000. Assetmark Inc. boosted its position in International Flavors & Fragrances by 2.9% during the fourth quarter. Assetmark Inc. now owns 10,866 shares of the specialty chemicals company’s stock valued at $880,000 after acquiring an additional 310 shares during the last quarter. Franklin Resources Inc. grew its holdings in International Flavors & Fragrances by 16.6% during the 4th quarter. Franklin Resources Inc. now owns 45,311 shares of the specialty chemicals company’s stock worth $3,669,000 after acquiring an additional 6,460 shares during the period. Finally, Cambridge Investment Research Advisors Inc. raised its position in shares of International Flavors & Fragrances by 45.2% in the 4th quarter. Cambridge Investment Research Advisors Inc. now owns 18,621 shares of the specialty chemicals company’s stock worth $1,508,000 after acquiring an additional 5,798 shares in the last quarter. 96.02% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on IFF shares. Stifel Nicolaus upgraded International Flavors & Fragrances from a “hold” rating to a “buy” rating and lifted their target price for the stock from $95.00 to $115.00 in a report on Monday, July 22nd. UBS Group dropped their target price on shares of International Flavors & Fragrances from $107.00 to $103.00 and set a “neutral” rating on the stock in a research report on Thursday, August 15th. JPMorgan Chase & Co. raised their price target on shares of International Flavors & Fragrances from $102.00 to $110.00 and gave the stock an “overweight” rating in a report on Friday, September 6th. Morgan Stanley increased their price objective 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. Finally, Citigroup boosted their target price on International Flavors & Fragrances from $108.00 to $116.00 and gave the company a “buy” rating in a research report on Friday, July 12th. One research analyst has rated the stock with a sell rating, seven have given a hold rating and nine have issued a buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $103.87.

International Flavors & Fragrances Stock Performance

NYSE IFF opened at $103.47 on Tuesday. The company has a debt-to-equity ratio of 0.60, a current ratio of 2.38 and a quick ratio of 1.75. The company has a fifty day moving average price of $99.95 and a 200-day moving average price of $94.01. International Flavors & Fragrances Inc. has a 1 year low of $62.28 and a 1 year high of $105.30. The firm has a market cap of $26.42 billion, a price-to-earnings ratio of -10.59, a PEG ratio of 1.85 and a beta of 1.22.

International Flavors & Fragrances (NYSE:IFF) last posted its earnings results on Tuesday, August 6th. The specialty chemicals company reported $1.16 EPS for the quarter, topping the consensus estimate of $1.01 by $0.15. The firm had revenue of $2.89 billion for the quarter, compared to analysts’ expectations of $2.83 billion. International Flavors & Fragrances had a negative net margin of 20.82% and a positive return on equity of 6.63%. The company’s quarterly revenue was down 1.4% compared to the same quarter last year. During the same quarter last year, the firm earned $0.86 EPS. As a group, equities research analysts predict that International Flavors & Fragrances Inc. will post 4.23 EPS for the current fiscal year.

International Flavors & Fragrances Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, October 9th. Stockholders of record on Friday, September 20th will be given a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a dividend yield of 1.55%. The ex-dividend date of this dividend is Friday, September 20th. International Flavors & Fragrances’s dividend payout ratio is presently -16.38%.

About International Flavors & Fragrances

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.