California State Teachers Retirement System Lowers Stake in International Flavors & Fragrances Inc. (NYSE:IFF)

California State Teachers Retirement System cut its position in International Flavors & Fragrances Inc. (NYSE:IFF - Free Report) by 19.6% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 351,896 shares of the specialty chemicals company's stock after selling 85,778 shares during the period. California State Teachers Retirement System owned about 0.14% of International Flavors & Fragrances worth $29,753,000 at the end of the most recent reporting period.

Several other hedge funds also recently bought and sold shares of the company. Siemens Fonds Invest GmbH raised its holdings in International Flavors & Fragrances by 19.7% in the fourth quarter. Siemens Fonds Invest GmbH now owns 3,312 shares of the specialty chemicals company's stock worth $280,000 after purchasing an additional 545 shares during the period. Universal Beteiligungs und Servicegesellschaft mbH acquired a new stake in shares of International Flavors & Fragrances during the fourth quarter worth $11,819,000. Jefferies Financial Group Inc. raised its holdings in shares of International Flavors & Fragrances by 378.0% during the fourth quarter. Jefferies Financial Group Inc. now owns 13,800 shares of the specialty chemicals company's stock worth $1,167,000 after acquiring an additional 10,913 shares during the period. Mackenzie Financial Corp increased its holdings in International Flavors & Fragrances by 7.6% during the 4th quarter. Mackenzie Financial Corp now owns 22,840 shares of the specialty chemicals company's stock worth $1,931,000 after purchasing an additional 1,621 shares in the last quarter. Finally, Forum Financial Management LP increased its holdings in International Flavors & Fragrances by 58.8% during the 4th quarter. Forum Financial Management LP now owns 3,907 shares of the specialty chemicals company's stock worth $330,000 after purchasing an additional 1,446 shares in the last quarter. 96.02% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at International Flavors & Fragrances

In other International Flavors & Fragrances news, Director Kevin O'byrne acquired 4,500 shares of the company's stock in a transaction that occurred on Thursday, May 22nd. The shares were bought at an average price of $76.05 per share, with a total value of $342,225.00. Following the completion of the acquisition, the director now owns 7,696 shares in the company, valued at $585,280.80. This represents a 140.80% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CAO Beril Yildiz sold 2,400 shares of the firm's stock in a transaction that occurred on Monday, May 19th. The stock was sold at an average price of $77.33, for a total transaction of $185,592.00. Following the completion of the transaction, the chief accounting officer now directly owns 3,321 shares in the company, valued at approximately $256,812.93. The trade was a 41.95% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have purchased 28,550 shares of company stock valued at $2,211,372. 0.20% of the stock is currently owned by company insiders.

Analyst Ratings Changes

A number of research firms have issued reports on IFF. Citigroup increased their target price on International Flavors & Fragrances from $84.00 to $90.00 and gave the stock a "buy" rating in a report on Thursday, May 8th. Cfra lowered shares of International Flavors & Fragrances from a "buy" rating to a "sell" rating and set a $77.00 price objective on the stock. in a research note on Thursday, February 20th. Oppenheimer reduced their target price on shares of International Flavors & Fragrances from $104.00 to $89.00 and set an "outperform" rating for the company in a report on Tuesday, April 22nd. UBS Group lifted their target price on shares of International Flavors & Fragrances from $82.00 to $83.00 and gave the stock a "neutral" rating in a report on Wednesday, May 7th. Finally, JPMorgan Chase & Co. cut their price objective on shares of International Flavors & Fragrances from $107.00 to $104.00 and set an "overweight" rating for the company in a report on Thursday, February 20th. One analyst has rated the stock with a sell rating, one has given a hold rating and twelve have issued a buy rating to the stock. Based on data from MarketBeat, International Flavors & Fragrances presently has a consensus rating of "Moderate Buy" and a consensus target price of $92.54.

International Flavors & Fragrances Stock Up 0.6%

Shares of International Flavors & Fragrances stock traded up $0.46 during trading hours on Friday, reaching $76.54. The company's stock had a trading volume of 2,754,559 shares, compared to its average volume of 1,529,298. The company has a debt-to-equity ratio of 0.54, a quick ratio of 1.93 and a current ratio of 1.84. The stock's fifty day simple moving average is $75.27 and its two-hundred day simple moving average is $81.51. International Flavors & Fragrances Inc. has a one year low of $65.85 and a one year high of $106.77. The company has a market capitalization of $19.58 billion, a P/E ratio of 81.43, a P/E/G ratio of 1.45 and a beta of 1.08.

International Flavors & Fragrances (NYSE:IFF - Get Free Report) last posted its earnings results on Tuesday, May 6th. The specialty chemicals company reported $1.20 earnings per share for the quarter, topping the consensus estimate of $1.12 by $0.08. International Flavors & Fragrances had a net margin of 2.12% and a return on equity of 7.72%. The firm had revenue of $2.84 billion during the quarter, compared to the consensus estimate of $2.83 billion. During the same quarter last year, the company earned $1.13 earnings per share. The company's revenue was down 1.9% on a year-over-year basis. On average, research analysts forecast that International Flavors & Fragrances Inc. will post 4.32 earnings per share for the current year.

International Flavors & Fragrances Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, July 11th. Shareholders of record on Friday, June 20th will be given a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a yield of 2.09%. The ex-dividend date is Friday, June 20th. International Flavors & Fragrances's payout ratio is currently -48.93%.

International Flavors & Fragrances Company 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.