Retirement Systems of Alabama Trims Stock Position in International Flavors & Fragrances Inc. (NYSE:IFF)

Retirement Systems of Alabama lessened its position in shares of International Flavors & Fragrances Inc. (NYSE:IFF) by 0.7% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 54,944 shares of the specialty chemicals company’s stock after selling 413 shares during the quarter. Retirement Systems of Alabama’s holdings in International Flavors & Fragrances were worth $4,264,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. SBI Securities Co. Ltd. acquired a new stake in International Flavors & Fragrances in the 4th quarter valued at approximately $32,000. Fairway Wealth LLC acquired a new stake in International Flavors & Fragrances in the 4th quarter valued at approximately $34,000. Rialto Wealth Management LLC acquired a new position in shares of International Flavors & Fragrances in the fourth quarter worth $42,000. Principal Securities Inc. grew its stake in shares of International Flavors & Fragrances by 36.6% in the fourth quarter. Principal Securities Inc. now owns 638 shares of the specialty chemicals company’s stock worth $54,000 after acquiring an additional 171 shares in the last quarter. Finally, United Community Bank grew its stake in shares of International Flavors & Fragrances by 19.4% in the fourth quarter. United Community Bank now owns 925 shares of the specialty chemicals company’s stock worth $78,000 after acquiring an additional 150 shares in the last quarter. Hedge funds and other institutional investors own 96.02% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have commented on the stock. UBS Group boosted their price target on shares of International Flavors & Fragrances from $82.00 to $83.00 and gave the stock a “neutral” rating in a research note on Wednesday, May 7th. Oppenheimer decreased their price objective on shares of International Flavors & Fragrances from $104.00 to $89.00 and set an “outperform” rating for the company in a research report on Tuesday, April 22nd. Barclays raised shares of International Flavors & Fragrances from an “equal weight” rating to an “overweight” rating and lifted their price objective for the stock from $76.00 to $84.00 in a research report on Thursday, May 8th. Robert W. Baird decreased their price objective on shares of International Flavors & Fragrances from $110.00 to $100.00 and set an “outperform” rating for the company in a research report on Thursday, May 8th. Finally, Wells Fargo & Company decreased their price objective on shares of International Flavors & Fragrances from $105.00 to $90.00 and set an “overweight” rating for the company in a research report on Wednesday, April 9th. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and thirteen have given a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $93.43.

Insider Transactions at International Flavors & Fragrances

In other International Flavors & Fragrances news, EVP Stephen N. Landsman purchased 12,000 shares of the stock in a transaction dated Monday, May 19th. The shares were acquired at an average cost of $77.28 per share, for a total transaction of $927,360.00. Following the completion of the transaction, the executive vice president now directly owns 12,000 shares of the company’s stock, valued at $927,360. This trade represents a ∞ increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CEO J Erik Fyrwald purchased 700 shares of the stock in a transaction dated Thursday, May 8th. The stock was acquired at an average price of $74.00 per share, for a total transaction of $51,800.00. Following the completion of the transaction, the chief executive officer now directly owns 37,770 shares of the company’s stock, valued at approximately $2,794,980. The trade was a 1.89% increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders have bought a total of 22,050 shares of company stock worth $1,688,512 over the last ninety days. 0.20% of the stock is currently owned by company insiders.

International Flavors & Fragrances Price Performance

Shares of NYSE:IFF opened at $74.30 on Thursday. The company has a 50-day simple moving average of $76.16 and a 200-day simple moving average of $79.84. International Flavors & Fragrances Inc. has a one year low of $65.85 and a one year high of $106.77. The company has a debt-to-equity ratio of 0.58, a quick ratio of 1.39 and a current ratio of 1.87. The stock has a market capitalization of $19.01 billion, a price-to-earnings ratio of -22.72, a PEG ratio of 3.32 and a beta of 1.05.

International Flavors & Fragrances (NYSE:IFF) last announced its earnings results on Tuesday, May 6th. The specialty chemicals company reported $1.20 EPS for the quarter, beating analysts’ consensus estimates of $1.12 by $0.08. International Flavors & Fragrances had a negative net margin of 7.31% and a positive return on equity of 7.99%. The business had revenue of $2.84 billion during the quarter, compared to analysts’ expectations of $2.83 billion. During the same period in the prior year, the company earned $1.13 earnings per share. The business’s revenue was down 1.9% compared to the same quarter last year. On average, analysts predict that International Flavors & Fragrances Inc. will post 4.32 EPS for the current year.

International Flavors & Fragrances Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, July 11th. Stockholders of record on Friday, June 20th will be paid a dividend of $0.40 per share. The ex-dividend date of this dividend is Friday, June 20th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 2.15%. International Flavors & Fragrances’s dividend payout ratio (DPR) is -48.93%.

International Flavors & Fragrances Profile

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.