California Public Employees Retirement System Sells 13,199 Shares of International Flavors & Fragrances Inc. (NYSE:IFF)

California Public Employees Retirement System lowered its stake in International Flavors & Fragrances Inc. (NYSE:IFF - Free Report) by 3.5% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 366,707 shares of the specialty chemicals company's stock after selling 13,199 shares during the period. California Public Employees Retirement System owned approximately 0.14% of International Flavors & Fragrances worth $29,692,000 as of its most recent filing with the SEC.

Other institutional investors also recently modified their holdings of the company. Blue Bell Private Wealth Management LLC increased its holdings in shares of International Flavors & Fragrances by 3,000.0% in the fourth quarter. Blue Bell Private Wealth Management LLC now owns 310 shares of the specialty chemicals company's stock valued at $25,000 after buying an additional 300 shares in the last quarter. Turtle Creek Wealth Advisors LLC acquired a new stake in International Flavors & Fragrances during the 4th quarter valued at $41,000. Parkside Financial Bank & Trust raised its stake in International Flavors & Fragrances by 241.3% during the 3rd quarter. Parkside Financial Bank & Trust now owns 744 shares of the specialty chemicals company's stock valued at $51,000 after purchasing an additional 526 shares during the period. Janiczek Wealth Management LLC raised its stake in International Flavors & Fragrances by 466.7% during the 4th quarter. Janiczek Wealth Management LLC now owns 918 shares of the specialty chemicals company's stock valued at $74,000 after purchasing an additional 756 shares during the period. Finally, NBC Securities Inc. acquired a new stake in International Flavors & Fragrances during the 3rd quarter valued at $103,000. Institutional investors own 96.02% of the company's stock.

Analysts Set New Price Targets

Several brokerages have issued reports on IFF. Citigroup raised shares of International Flavors & Fragrances from a "neutral" rating to a "buy" rating and boosted their target price for the company from $81.00 to $100.00 in a research note on Wednesday, April 10th. Stifel Nicolaus dropped their price target on shares of International Flavors & Fragrances from $87.00 to $80.00 and set a "hold" rating on the stock in a research note on Wednesday, February 21st. Barclays raised shares of International Flavors & Fragrances from an "underweight" rating to an "equal weight" rating in a research note on Thursday, April 18th. Wells Fargo & Company upped their price objective on shares of International Flavors & Fragrances from $90.00 to $100.00 and gave the stock an "overweight" rating in a report on Thursday, April 4th. Finally, Deutsche Bank Aktiengesellschaft upped their price target on shares of International Flavors & Fragrances from $90.00 to $100.00 and gave the company a "buy" rating in a report on Wednesday, March 20th. One analyst has rated the stock with a sell rating, ten have issued a hold rating and seven have issued a buy rating to the stock. According to MarketBeat.com, International Flavors & Fragrances currently has a consensus rating of "Hold" and a consensus price target of $86.35.

International Flavors & Fragrances Price Performance

Shares of IFF traded up $0.27 during mid-day trading on Friday, hitting $84.61. 900,101 shares of the company traded hands, compared to its average volume of 1,247,330. International Flavors & Fragrances Inc. has a one year low of $62.11 and a one year high of $97.49. The company has a current ratio of 1.67, a quick ratio of 1.02 and a debt-to-equity ratio of 0.63. The business has a 50-day moving average of $82.06 and a 200 day moving average of $78.25. The stock has a market capitalization of $21.60 billion, a price-to-earnings ratio of -8.43, a PEG ratio of 1.89 and a beta of 1.23.

International Flavors & Fragrances (NYSE:IFF - Get Free Report) last announced its quarterly earnings data on Tuesday, February 20th. The specialty chemicals company reported $0.72 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.75 by ($0.03). International Flavors & Fragrances had a negative net margin of 22.36% and a positive return on equity of 5.09%. The business had revenue of $2.70 billion during the quarter, compared to the consensus estimate of $2.70 billion. During the same period in the previous year, the business posted $0.97 earnings per share. International Flavors & Fragrances's revenue was down 5.0% compared to the same quarter last year. As a group, equities analysts expect that International Flavors & Fragrances Inc. will post 3.68 earnings per share for the current fiscal year.

International Flavors & Fragrances Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, April 10th. Shareholders of record on Friday, March 22nd were paid a $0.40 dividend. The ex-dividend date of this dividend was Thursday, March 21st. This represents a $1.60 dividend on an annualized basis and a yield of 1.89%. International Flavors & Fragrances's payout ratio is presently -15.94%.

About International Flavors & Fragrances

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.