International Flavors & Fragrances Inc (IFF) Stake Lessened by New Mexico Educational Retirement Board

New Mexico Educational Retirement Board lowered its position in International Flavors & Fragrances Inc (NYSE:IFF) by 2.3% during the first quarter, HoldingsChannel.com reports. The firm owned 8,427 shares of the specialty chemicals company’s stock after selling 200 shares during the period. New Mexico Educational Retirement Board’s holdings in International Flavors & Fragrances were worth $1,085,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently modified their holdings of IFF. Winder Investment Pte Ltd lifted its position in shares of International Flavors & Fragrances by 9.3% in the 4th quarter. Winder Investment Pte Ltd now owns 19,536,858 shares of the specialty chemicals company’s stock worth $2,623,214,000 after purchasing an additional 1,664,698 shares during the period. Vanguard Group Inc lifted its position in shares of International Flavors & Fragrances by 13.7% in the 3rd quarter. Vanguard Group Inc now owns 10,298,969 shares of the specialty chemicals company’s stock worth $1,432,792,000 after purchasing an additional 1,239,892 shares during the period. BlackRock Inc. lifted its position in shares of International Flavors & Fragrances by 14.5% in the 4th quarter. BlackRock Inc. now owns 6,794,818 shares of the specialty chemicals company’s stock worth $912,341,000 after purchasing an additional 858,430 shares during the period. TIAA CREF Investment Management LLC lifted its position in shares of International Flavors & Fragrances by 787.5% in the 3rd quarter. TIAA CREF Investment Management LLC now owns 882,598 shares of the specialty chemicals company’s stock worth $122,787,000 after purchasing an additional 783,153 shares during the period. Finally, FMR LLC lifted its position in shares of International Flavors & Fragrances by 32.4% in the 4th quarter. FMR LLC now owns 3,032,597 shares of the specialty chemicals company’s stock worth $406,944,000 after purchasing an additional 741,633 shares during the period. Hedge funds and other institutional investors own 83.19% of the company’s stock.

International Flavors & Fragrances stock opened at $136.00 on Monday. The firm has a market cap of $14.50 billion, a P/E ratio of 21.66, a P/E/G ratio of 2.38 and a beta of 0.75. The company has a debt-to-equity ratio of 0.75, a quick ratio of 1.65 and a current ratio of 2.61. International Flavors & Fragrances Inc has a 12-month low of $121.85 and a 12-month high of $150.57.

International Flavors & Fragrances (NYSE:IFF) last announced its quarterly earnings results on Wednesday, February 13th. The specialty chemicals company reported $1.22 EPS for the quarter, missing the Zacks’ consensus estimate of $1.29 by ($0.07). The business had revenue of $1.22 billion for the quarter, compared to the consensus estimate of $1.24 billion. International Flavors & Fragrances had a net margin of 8.48% and a return on equity of 15.56%. The business’s revenue for the quarter was up 42.6% compared to the same quarter last year. During the same quarter last year, the firm posted $1.40 EPS. On average, equities research analysts expect that International Flavors & Fragrances Inc will post 6.36 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which was paid on Friday, April 5th. Shareholders of record on Monday, March 25th were paid a dividend of $0.73 per share. The ex-dividend date was Friday, March 22nd. This represents a $2.92 dividend on an annualized basis and a yield of 2.15%. International Flavors & Fragrances’s dividend payout ratio (DPR) is presently 46.50%.

A number of research analysts have recently issued reports on IFF shares. Goldman Sachs Group upgraded shares of International Flavors & Fragrances from a “neutral” rating to a “buy” rating and boosted their price target for the stock from $137.00 to $151.00 in a research report on Thursday, March 21st. Zacks Investment Research upgraded shares of International Flavors & Fragrances from a “sell” rating to a “hold” rating in a research report on Monday, January 21st. ValuEngine downgraded shares of International Flavors & Fragrances from a “buy” rating to a “hold” rating in a research report on Thursday, January 10th. Seaport Global Securities began coverage on shares of International Flavors & Fragrances in a research report on Thursday, February 21st. They set a “neutral” rating on the stock. Finally, Citigroup dropped their target price on shares of International Flavors & Fragrances from $146.00 to $139.00 and set a “neutral” rating on the stock in a research report on Thursday, February 21st. Four equities research analysts have rated the stock with a sell rating, five have given a hold rating and four have given a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average price target of $144.33.

In other International Flavors & Fragrances news, major shareholder Winder Investment Pte Ltd purchased 50,000 shares of the firm’s stock in a transaction on Tuesday, February 19th. The stock was acquired at an average price of $129.04 per share, for a total transaction of $6,452,000.00. Following the purchase, the insider now owns 20,210,193 shares of the company’s stock, valued at approximately $2,607,923,304.72. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Insiders have acquired a total of 165,588 shares of company stock valued at $21,637,048 in the last 90 days. 0.39% of the stock is currently owned by company insiders.

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International Flavors & Fragrances Company Profile

International Flavors & Fragrances Inc, together with its subsidiaries, manufactures flavors and fragrances for use in various consumer products. It operates through three segments: Taste, Scent, and Frutarom. The Taste segment offers flavor compounds primarily to the food and beverage industries for use in consumer products, such as prepared foods, beverages, dairy, food, and sweet products.

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Institutional Ownership by Quarter for International Flavors & Fragrances (NYSE:IFF)

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