International Flavors & Fragrances Inc. (NYSE:IFF) Shares Sold by Retirement Systems of Alabama

Retirement Systems of Alabama lowered its stake in International Flavors & Fragrances Inc. (NYSE:IFF) by 2.5% during the fourth quarter, HoldingsChannel reports. The firm owned 56,260 shares of the specialty chemicals company’s stock after selling 1,455 shares during the quarter. Retirement Systems of Alabama’s holdings in International Flavors & Fragrances were worth $4,555,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also modified their holdings of IFF. Blue Bell Private Wealth Management LLC boosted its holdings in International Flavors & Fragrances by 3,000.0% in the 4th quarter. Blue Bell Private Wealth Management LLC now owns 310 shares of the specialty chemicals company’s stock valued at $25,000 after purchasing an additional 300 shares in the last quarter. Turtle Creek Wealth Advisors LLC purchased a new stake in shares of International Flavors & Fragrances in the fourth quarter valued at approximately $41,000. Parkside Financial Bank & Trust grew its holdings in International Flavors & Fragrances by 241.3% during the third quarter. Parkside Financial Bank & Trust now owns 744 shares of the specialty chemicals company’s stock worth $51,000 after acquiring an additional 526 shares during the period. Janiczek Wealth Management LLC raised its position in International Flavors & Fragrances by 466.7% in the fourth quarter. Janiczek Wealth Management LLC now owns 918 shares of the specialty chemicals company’s stock worth $74,000 after acquiring an additional 756 shares in the last quarter. Finally, Roble Belko & Company Inc acquired a new stake in International Flavors & Fragrances in the fourth quarter valued at $89,000. Hedge funds and other institutional investors own 96.02% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on the stock. Wolfe Research started coverage on shares of International Flavors & Fragrances in a report on Friday, March 1st. They issued an “underperform” rating for the company. StockNews.com upgraded shares of International Flavors & Fragrances from a “sell” rating to a “hold” rating in a research report on Monday, March 25th. Argus cut International Flavors & Fragrances from a “buy” rating to a “hold” rating in a report on Friday, March 8th. Robert W. Baird lifted their price objective on International Flavors & Fragrances from $80.00 to $85.00 and gave the stock an “outperform” rating in a report on Thursday, February 22nd. Finally, Jefferies Financial Group upgraded International Flavors & Fragrances from a “hold” rating to a “buy” rating and raised their price target for the company from $73.00 to $112.00 in a research report on Friday, January 12th. One equities research analyst has rated the stock with a sell rating, ten have given a hold rating and seven have given a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $86.35.

International Flavors & Fragrances Price Performance

IFF stock opened at $88.66 on Tuesday. The company has a market capitalization of $22.64 billion, a PE ratio of -8.83, a P/E/G ratio of 1.94 and a beta of 1.21. The company has a quick ratio of 1.02, a current ratio of 1.67 and a debt-to-equity ratio of 0.63. The stock’s 50 day moving average is $82.84 and its two-hundred day moving average is $79.10. International Flavors & Fragrances Inc. has a 52-week low of $62.11 and a 52-week high of $97.49.

International Flavors & Fragrances (NYSE:IFF) last posted its quarterly earnings results on Tuesday, February 20th. The specialty chemicals company reported $0.72 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.75 by ($0.03). The company had revenue of $2.70 billion during the quarter, compared to analyst estimates of $2.70 billion. International Flavors & Fragrances had a negative net margin of 22.36% and a positive return on equity of 5.09%. The company’s revenue was down 5.0% on a year-over-year basis. During the same period in the prior year, the company earned $0.97 earnings per share. Analysts predict that International Flavors & Fragrances Inc. will post 3.68 earnings per share for the current fiscal year.

International Flavors & Fragrances Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 10th. Shareholders of record on Friday, June 21st will be paid a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a yield of 1.80%. The ex-dividend date of this dividend is Friday, June 21st. International Flavors & Fragrances’s payout ratio is currently -15.94%.

International Flavors & Fragrances Profile

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.