California State Teachers Retirement System Sells 4,041 Shares of International Flavors & Fragrances Inc. (NYSE:IFF)

California State Teachers Retirement System trimmed its stake in shares of International Flavors & Fragrances Inc. (NYSE:IFF – Get Rating) by 0.9% in the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 428,792 shares of the specialty chemicals company’s stock after selling 4,041 shares during the period. California State Teachers Retirement System’s holdings in International Flavors & Fragrances were worth $38,947,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently bought and sold shares of IFF. National Pension Service grew its position in shares of International Flavors & Fragrances by 5.5% during the third quarter. National Pension Service now owns 301,258 shares of the specialty chemicals company’s stock valued at $27,589,000 after purchasing an additional 15,749 shares in the last quarter. Cape Cod Five Cents Savings Bank grew its holdings in International Flavors & Fragrances by 3.3% during the 3rd quarter. Cape Cod Five Cents Savings Bank now owns 20,147 shares of the specialty chemicals company’s stock valued at $1,830,000 after buying an additional 644 shares in the last quarter. Kentucky Retirement Systems Insurance Trust Fund raised its holdings in shares of International Flavors & Fragrances by 4.9% during the 3rd quarter. Kentucky Retirement Systems Insurance Trust Fund now owns 9,136 shares of the specialty chemicals company’s stock worth $830,000 after acquiring an additional 429 shares in the last quarter. Kentucky Retirement Systems boosted its position in shares of International Flavors & Fragrances by 5.5% during the 3rd quarter. Kentucky Retirement Systems now owns 19,957 shares of the specialty chemicals company’s stock valued at $1,813,000 after acquiring an additional 1,043 shares during the last quarter. Finally, Balyasny Asset Management LLC purchased a new position in shares of International Flavors & Fragrances in the third quarter valued at $4,141,000. 88.86% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

IFF has been the topic of a number of recent research reports. Wells Fargo & Company decreased their price target on shares of International Flavors & Fragrances from $123.00 to $110.00 and set an “overweight” rating on the stock in a research note on Friday, February 10th. StockNews.com assumed coverage on International Flavors & Fragrances in a research report on Thursday. They issued a “sell” rating for the company. Deutsche Bank Aktiengesellschaft decreased their price objective on International Flavors & Fragrances from $120.00 to $110.00 and set a “buy” rating on the stock in a research report on Friday, February 10th. Robert W. Baird cut their target price on International Flavors & Fragrances from $120.00 to $106.00 and set an “outperform” rating on the stock in a research report on Friday, February 10th. Finally, Mizuho lowered their price target on International Flavors & Fragrances from $119.00 to $105.00 and set a “neutral” rating for the company in a research report on Friday, February 10th. Two equities research analysts have rated the stock with a sell rating, six have given a hold rating and eight have assigned a buy rating to the company. According to data from MarketBeat, International Flavors & Fragrances has an average rating of “Hold” and a consensus price target of $117.31.

International Flavors & Fragrances Trading Down 1.1 %

Shares of NYSE IFF opened at $82.76 on Friday. The company has a quick ratio of 1.15, a current ratio of 1.99 and a debt-to-equity ratio of 0.59. The firm has a market cap of $21.11 billion, a PE ratio of -11.46, a price-to-earnings-growth ratio of 4.13 and a beta of 1.08. The business has a fifty day simple moving average of $102.04 and a two-hundred day simple moving average of $101.01. International Flavors & Fragrances Inc. has a twelve month low of $81.53 and a twelve month high of $135.17.

International Flavors & Fragrances (NYSE:IFF – Get Rating) last released its quarterly earnings data on Wednesday, February 8th. The specialty chemicals company reported $0.97 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.96 by $0.01. The firm had revenue of $2.84 billion for the quarter, compared to the consensus estimate of $2.89 billion. International Flavors & Fragrances had a negative net margin of 14.81% and a positive return on equity of 7.46%. The company’s quarterly revenue was down 6.2% on a year-over-year basis. During the same period last year, the firm earned $1.10 earnings per share. Analysts expect that International Flavors & Fragrances Inc. will post 4.83 earnings per share for the current fiscal year.

International Flavors & Fragrances Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, April 6th. Investors of record on Friday, March 24th will be paid a dividend of $0.81 per share. This represents a $3.24 dividend on an annualized basis and a dividend yield of 3.91%. The ex-dividend date of this dividend is Thursday, March 23rd. International Flavors & Fragrances’s dividend payout ratio (DPR) is currently -44.88%.

About International Flavors & Fragrances

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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.