New York State Common Retirement Fund Has $28.46 Million Holdings in International Flavors & Fragrances Inc. (NYSE:IFF)

New York State Common Retirement Fund boosted its stake in International Flavors & Fragrances Inc. (NYSE:IFF) by 1.4% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 351,490 shares of the specialty chemicals company’s stock after buying an additional 4,932 shares during the quarter. New York State Common Retirement Fund owned approximately 0.14% of International Flavors & Fragrances worth $28,460,000 at the end of the most recent quarter.

Several other institutional investors have also bought and sold shares of the stock. OLD National Bancorp IN acquired a new stake in International Flavors & Fragrances in the 4th quarter valued at $207,000. Handelsbanken Fonder AB boosted its stake in International Flavors & Fragrances by 105.1% in the fourth quarter. Handelsbanken Fonder AB now owns 127,187 shares of the specialty chemicals company’s stock worth $10,298,000 after purchasing an additional 65,187 shares in the last quarter. CWM LLC boosted its stake in International Flavors & Fragrances by 29.3% in the fourth quarter. CWM LLC now owns 6,430 shares of the specialty chemicals company’s stock worth $521,000 after purchasing an additional 1,458 shares in the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd boosted its stake in International Flavors & Fragrances by 14.8% in the fourth quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 27,892 shares of the specialty chemicals company’s stock worth $2,258,000 after purchasing an additional 3,592 shares in the last quarter. Finally, Lindbrook Capital LLC raised its position in shares of International Flavors & Fragrances by 212.5% during the fourth quarter. Lindbrook Capital LLC now owns 1,919 shares of the specialty chemicals company’s stock worth $155,000 after acquiring an additional 1,305 shares during the last quarter. Institutional investors and hedge funds own 96.02% of the company’s stock.

Analyst Ratings Changes

A number of research firms recently commented on IFF. Wolfe Research began coverage on International Flavors & Fragrances in a report on Friday, March 1st. They issued an “underperform” rating for the company. Mizuho boosted their target price on International Flavors & Fragrances from $83.00 to $91.00 and gave the company a “neutral” rating in a research note on Wednesday, March 20th. Wells Fargo & Company boosted their target price on International Flavors & Fragrances from $90.00 to $100.00 and gave the company an “overweight” rating in a research note on Thursday, April 4th. Jefferies Financial Group raised International Flavors & Fragrances from a “hold” rating to a “buy” rating and boosted their target price for the company from $73.00 to $112.00 in a research note on Friday, January 12th. Finally, StockNews.com raised International Flavors & Fragrances from a “sell” rating to a “hold” rating in a research note on Monday, March 25th. One 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. Based on data from MarketBeat, International Flavors & Fragrances has an average rating of “Hold” and a consensus target price of $86.35.

International Flavors & Fragrances Trading Down 1.0 %

Shares of IFF opened at $84.33 on Friday. International Flavors & Fragrances Inc. has a 52-week low of $62.11 and a 52-week high of $97.49. The business’s fifty day moving average is $81.99 and its 200-day moving average is $77.93. The company has a debt-to-equity ratio of 0.63, a quick ratio of 1.02 and a current ratio of 1.67. The firm has a market cap of $21.53 billion, a price-to-earnings ratio of -8.40, a PEG ratio of 1.90 and a beta of 1.23.

International Flavors & Fragrances (NYSE:IFF) last issued 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 business had revenue of $2.70 billion during the quarter, compared to the consensus estimate 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 for the quarter was down 5.0% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.97 EPS. Equities analysts anticipate that International Flavors & Fragrances Inc. will post 3.69 EPS for the current fiscal year.

International Flavors & Fragrances Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, April 10th. Shareholders of record on Friday, March 22nd were issued a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a yield of 1.90%. The ex-dividend date was Thursday, March 21st. International Flavors & Fragrances’s payout ratio is presently -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.