International Flavors & Fragrances Inc. $IFF Stake Boosted by Teachers Retirement System of The State of Kentucky

Key Points

• Teachers Retirement System of The State of Kentucky raised its IFF stake by 23.1% in Q4 to 233,381 shares, worth about $15.73 million and representing roughly 0.09% of the company.
• Director Paul J. Fribourg bought 142,000 shares at an average $70.13 (≈$9.96 million), increasing his ownership to 2,422,730 shares (valued at ≈$169.9 million), a 6.23% rise.
• Analysts maintain a consensus rating of “Moderate Buy” with a $87.50 price target amid mixed revisions, while IFF recently missed quarterly EPS ($0.80 vs. $0.85), has a negative net margin, and pays a $0.40 quarterly dividend (≈2.3% yield).

Teachers Retirement System of The State of Kentucky boosted its holdings in International Flavors & Fragrances Inc. (NYSE:IFF - Free Report) by 23.1% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 233,381 shares of the specialty chemicals company's stock after purchasing an additional 43,800 shares during the quarter. Teachers Retirement System of The State of Kentucky owned approximately 0.09% of International Flavors & Fragrances worth $15,728,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in the business. True Wealth Design LLC lifted its position in shares of International Flavors & Fragrances by 896.4% in the 3rd quarter. True Wealth Design LLC now owns 548 shares of the specialty chemicals company's stock worth $34,000 after buying an additional 493 shares during the last quarter. Geneos Wealth Management Inc. grew its position in shares of International Flavors & Fragrances by 55.7% during the 1st quarter. Geneos Wealth Management Inc. now owns 587 shares of the specialty chemicals company's stock valued at $46,000 after buying an additional 210 shares during the last quarter. Transamerica Financial Advisors LLC raised its stake in International Flavors & Fragrances by 884.1% during the second quarter. Transamerica Financial Advisors LLC now owns 679 shares of the specialty chemicals company's stock worth $50,000 after acquiring an additional 610 shares during the period. MassMutual Private Wealth & Trust FSB lifted its holdings in International Flavors & Fragrances by 42.8% in the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 798 shares of the specialty chemicals company's stock worth $54,000 after acquiring an additional 239 shares during the last quarter. Finally, AlphaQuest LLC lifted its holdings in International Flavors & Fragrances by 1,190.0% in the third quarter. AlphaQuest LLC now owns 903 shares of the specialty chemicals company's stock worth $56,000 after acquiring an additional 833 shares during the last quarter. Institutional investors own 96.02% of the company's stock.

Insider Activity at International Flavors & Fragrances

In related news, Director Paul J. Fribourg acquired 142,000 shares of the business's stock in a transaction that occurred on Thursday, March 12th. The shares were acquired at an average cost of $70.13 per share, for a total transaction of $9,958,460.00. Following the completion of the purchase, the director directly owned 2,422,730 shares in the company, valued at $169,906,054.90. This trade represents a 6.23% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Company insiders own 1.07% of the company's stock.

Analysts Set New Price Targets

Several equities analysts have recently commented on the company. UBS Group lowered their target price on International Flavors & Fragrances from $85.00 to $75.00 and set a "neutral" rating for the company in a report on Thursday, April 9th. Bank of America boosted their price objective on International Flavors & Fragrances from $84.00 to $88.00 and gave the company a "buy" rating in a research report on Thursday, January 8th. Berenberg Bank lowered their price objective on International Flavors & Fragrances from $78.30 to $77.50 and set a "hold" rating for the company in a research note on Thursday, February 5th. Citigroup cut their target price on International Flavors & Fragrances from $100.00 to $90.00 and set a "buy" rating on the stock in a research note on Monday, April 13th. Finally, Weiss Ratings reissued a "sell (d-)" rating on shares of International Flavors & Fragrances in a report on Monday, December 29th. Twelve analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $87.50.

International Flavors & Fragrances Stock Performance

IFF opened at $71.10 on Monday. The company has a current ratio of 1.42, a quick ratio of 0.85 and a debt-to-equity ratio of 0.33. The business's 50 day moving average is $73.98 and its 200-day moving average is $69.79. The stock has a market cap of $18.16 billion, a PE ratio of -51.89, a price-to-earnings-growth ratio of 1.91 and a beta of 1.02. International Flavors & Fragrances Inc. has a twelve month low of $59.14 and a twelve month high of $84.45.

International Flavors & Fragrances (NYSE:IFF - Get Free Report) last issued its quarterly earnings data on Wednesday, February 11th. The specialty chemicals company reported $0.80 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.85 by ($0.05). International Flavors & Fragrances had a positive return on equity of 7.67% and a negative net margin of 3.20%.The business had revenue of $2.59 billion during the quarter, compared to the consensus estimate of $2.52 billion. During the same period last year, the company earned $0.97 earnings per share. The business's quarterly revenue was down 6.6% compared to the same quarter last year. On average, analysts predict that International Flavors & Fragrances Inc. will post 4.43 earnings per share for the current year.

International Flavors & Fragrances Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, April 10th. Stockholders of record on Friday, March 20th were issued a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a dividend yield of 2.3%. The ex-dividend date of this dividend was Friday, March 20th. International Flavors & Fragrances's dividend payout ratio (DPR) is -116.79%.

About International Flavors & Fragrances

International Flavors & Fragrances Inc NYSE: IFF is a global leader in the creation and production of flavors, fragrances, cosmetic actives and nutritional lipids. The company develops taste and scent solutions for a wide array of end markets including food and beverage, personal care, household goods and pharmaceutical products. Its portfolio spans natural and nature-identical flavors, fine fragrances, functional ingredients for skin and hair care, and specialty oils that enhance nutritional value and sensory appeal.

IFF's research and development network comprises innovation centers in North America, Europe, Asia-Pacific and Latin America, where multidisciplinary teams collaborate on aroma chemistry, sensory science and biotechnology.

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