California Public Employees Retirement System Buys 12,614 Shares of International Flavors & Fragrances Inc. $IFF

California Public Employees Retirement System lifted its position in International Flavors & Fragrances Inc. (NYSE:IFF) by 3.3% in the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 392,499 shares of the specialty chemicals company’s stock after purchasing an additional 12,614 shares during the period. California Public Employees Retirement System’s holdings in International Flavors & Fragrances were worth $28,476,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. State Street Corp raised its position in International Flavors & Fragrances by 1.1% during the 4th quarter. State Street Corp now owns 11,092,368 shares of the specialty chemicals company’s stock valued at $751,875,000 after purchasing an additional 121,260 shares in the last quarter. First Eagle Investment Management LLC grew its position in shares of International Flavors & Fragrances by 27.5% during the 4th quarter. First Eagle Investment Management LLC now owns 8,831,668 shares of the specialty chemicals company’s stock worth $595,166,000 after buying an additional 1,904,598 shares in the last quarter. Invesco Ltd. grew its position in shares of International Flavors & Fragrances by 4.9% during the 4th quarter. Invesco Ltd. now owns 7,519,812 shares of the specialty chemicals company’s stock worth $506,760,000 after buying an additional 352,636 shares in the last quarter. Geode Capital Management LLC increased its stake in shares of International Flavors & Fragrances by 2.6% during the fourth quarter. Geode Capital Management LLC now owns 6,771,894 shares of the specialty chemicals company’s stock valued at $454,607,000 after buying an additional 172,781 shares during the period. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its holdings in shares of International Flavors & Fragrances by 28.4% in the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 6,042,758 shares of the specialty chemicals company’s stock valued at $407,221,000 after acquiring an additional 1,336,479 shares in the last quarter. 96.02% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

IFF has been the subject of a number of research reports. Jefferies Financial Group upped their price objective on shares of International Flavors & Fragrances from $97.00 to $105.00 in a research note on Thursday, May 7th. Deutsche Bank Aktiengesellschaft cut their target price on shares of International Flavors & Fragrances from $95.00 to $90.00 and set a “buy” rating on the stock in a research report on Monday, June 1st. UBS Group upped their price target on shares of International Flavors & Fragrances from $75.00 to $86.00 in a research report on Thursday, May 7th. Rothschild & Co Redburn dropped their price objective on shares of International Flavors & Fragrances from $74.00 to $71.00 in a research note on Friday, May 8th. Finally, Benchmark started coverage on shares of International Flavors & Fragrances in a report on Tuesday, June 9th. They set a “buy” rating and a $100.00 price objective on the stock. Thirteen investment analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company. According to data from MarketBeat.com, International Flavors & Fragrances presently has a consensus rating of “Moderate Buy” and an average target price of $91.16.

International Flavors & Fragrances Trading Down 1.4%

Shares of NYSE IFF opened at $76.22 on Wednesday. International Flavors & Fragrances Inc. has a 1-year low of $59.14 and a 1-year high of $84.45. The business has a fifty day moving average price of $76.55 and a 200 day moving average price of $74.50. The stock has a market capitalization of $19.46 billion, a P/E ratio of 23.31, a price-to-earnings-growth ratio of 1.93 and a beta of 0.93. The company has a debt-to-equity ratio of 0.33, a current ratio of 1.49 and a quick ratio of 0.87.

International Flavors & Fragrances (NYSE:IFF) last posted its earnings results on Tuesday, May 5th. The specialty chemicals company reported $1.25 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.08 by $0.17. The company had revenue of $2.74 billion for the quarter, compared to analyst estimates of $2.64 billion. International Flavors & Fragrances had a return on equity of 7.65% and a net margin of 7.78%.The firm’s quarterly revenue was down 3.6% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.20 earnings per share. Equities research analysts expect that International Flavors & Fragrances Inc. will post 4.55 EPS for the current fiscal year.

International Flavors & Fragrances Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, July 10th. Stockholders of record on Thursday, June 18th were given a $0.40 dividend. The ex-dividend date of this dividend was Thursday, June 18th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 2.1%. International Flavors & Fragrances’s payout ratio is presently 48.93%.

Insider Activity at International Flavors & Fragrances

In other news, Director Paul J. Fribourg acquired 260,000 shares of International Flavors & Fragrances stock in a transaction that occurred on Monday, June 1st. The stock was purchased at an average price of $74.28 per share, for a total transaction of $19,312,800.00. Following the purchase, the director directly owned 2,682,730 shares in the company, valued at $199,273,184.40. The trade was a 10.73% increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through this link. 1.07% of the stock is currently owned by company insiders.

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.