Virginia Retirement Systems ET AL Has $4.07 Million Stake in International Flavors & Fragrances Inc (IFF)

Virginia Retirement Systems ET AL lifted its position in International Flavors & Fragrances Inc (NYSE:IFF) by 184.7% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 31,600 shares of the specialty chemicals company’s stock after buying an additional 20,500 shares during the quarter. Virginia Retirement Systems ET AL’s holdings in International Flavors & Fragrances were worth $4,070,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also recently modified their holdings of IFF. Winder Investment Pte Ltd grew its stake in shares of International Flavors & Fragrances by 9.3% in the fourth quarter. Winder Investment Pte Ltd now owns 19,536,858 shares of the specialty chemicals company’s stock valued at $2,623,214,000 after buying an additional 1,664,698 shares in the last quarter. Vanguard Group Inc grew its stake in shares of International Flavors & Fragrances by 13.7% in the third quarter. Vanguard Group Inc now owns 10,298,969 shares of the specialty chemicals company’s stock valued at $1,432,792,000 after buying an additional 1,239,892 shares in the last quarter. BlackRock Inc. lifted its holdings in International Flavors & Fragrances by 14.5% during the 4th quarter. BlackRock Inc. now owns 6,794,818 shares of the specialty chemicals company’s stock valued at $912,341,000 after purchasing an additional 858,430 shares during the last quarter. FMR LLC lifted its holdings in International Flavors & Fragrances by 32.4% during the 4th quarter. FMR LLC now owns 3,032,597 shares of the specialty chemicals company’s stock valued at $406,944,000 after purchasing an additional 741,633 shares during the last quarter. Finally, Amundi Pioneer Asset Management Inc. lifted its holdings in International Flavors & Fragrances by 28.7% during the 4th quarter. Amundi Pioneer Asset Management Inc. now owns 2,262,638 shares of the specialty chemicals company’s stock valued at $303,803,000 after purchasing an additional 504,827 shares during the last quarter. Institutional investors and hedge funds own 83.28% of the company’s stock.

Shares of IFF opened at $137.57 on Monday. International Flavors & Fragrances Inc has a 52-week low of $121.85 and a 52-week high of $150.57. The company has a current ratio of 2.61, a quick ratio of 1.65 and a debt-to-equity ratio of 0.75. The company has a market capitalization of $14.67 billion, a price-to-earnings ratio of 21.91, a price-to-earnings-growth ratio of 2.40 and a beta of 0.75.

International Flavors & Fragrances (NYSE:IFF) last issued its quarterly earnings results on Wednesday, February 13th. The specialty chemicals company reported $1.22 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $1.29 by ($0.07). International Flavors & Fragrances had a net margin of 8.48% and a return on equity of 15.56%. The business had revenue of $1.22 billion during the quarter, compared to analyst estimates of $1.24 billion. During the same period last year, the firm posted $1.40 earnings per share. International Flavors & Fragrances’s quarterly revenue was up 42.6% compared to the same quarter last year. Equities analysts predict that International Flavors & Fragrances Inc will post 6.36 earnings per share for the current year.

The company also recently announced a quarterly dividend, which was paid on Friday, April 5th. Stockholders of record on Monday, March 25th were given a dividend of $0.73 per share. This represents a $2.92 dividend on an annualized basis and a dividend yield of 2.12%. The ex-dividend date was Friday, March 22nd. International Flavors & Fragrances’s payout ratio is 46.50%.

In other news, major shareholder Winder Investment Pte Ltd bought 29,642 shares of the stock in a transaction dated Thursday, February 21st. The shares were bought at an average cost of $128.74 per share, with a total value of $3,816,111.08. Following the completion of the transaction, the insider now directly owns 20,300,000 shares of the company’s stock, valued at $2,613,422,000. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders have bought 165,588 shares of company stock worth $21,637,048 over the last ninety days. 0.39% of the stock is owned by insiders.

A number of equities research analysts have recently weighed in on the company. KeyCorp dropped their target price on International Flavors & Fragrances from $160.00 to $143.00 and set an “overweight” rating for the company in a report on Monday, February 25th. Zacks Investment Research upgraded International Flavors & Fragrances from a “sell” rating to a “hold” rating in a research report on Tuesday, April 23rd. ValuEngine cut International Flavors & Fragrances from a “buy” rating to a “hold” rating in a research report on Thursday, January 10th. Seaport Global Securities started coverage on International Flavors & Fragrances in a report on Thursday, February 21st. They set a “neutral” rating on the stock. Finally, Barclays restated a “sell” rating on shares of International Flavors & Fragrances in a report on Monday, February 18th. Three research analysts have rated the stock with a sell rating, six have given a hold rating and four have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average price target of $144.33.

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About International Flavors & Fragrances

International Flavors & Fragrances Inc, together with its subsidiaries, manufactures flavors and fragrances for use in various consumer products. It operates through three segments: Taste, Scent, and Frutarom. The Taste segment offers flavor compounds primarily to the food and beverage industries for use in consumer products, such as prepared foods, beverages, dairy, food, and sweet products.

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Institutional Ownership by Quarter for International Flavors & Fragrances (NYSE:IFF)

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