International Flavors & Fragrances Inc. $IFF Position Increased by Oregon Public Employees Retirement Fund

Oregon Public Employees Retirement Fund raised its stake in International Flavors & Fragrances Inc. (NYSE:IFF) by 33.2% during the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 29,355 shares of the specialty chemicals company’s stock after acquiring an additional 7,316 shares during the period. Oregon Public Employees Retirement Fund’s holdings in International Flavors & Fragrances were worth $1,807,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Dodge & Cox raised its position in shares of International Flavors & Fragrances by 3.8% during the second quarter. Dodge & Cox now owns 35,047,387 shares of the specialty chemicals company’s stock worth $2,577,735,000 after purchasing an additional 1,272,780 shares during the period. Vanguard Group Inc. raised its holdings in International Flavors & Fragrances by 1.6% during the 2nd quarter. Vanguard Group Inc. now owns 30,880,203 shares of the specialty chemicals company’s stock worth $2,271,239,000 after buying an additional 490,163 shares during the period. State Street Corp lifted its stake in International Flavors & Fragrances by 3.6% during the second quarter. State Street Corp now owns 10,884,974 shares of the specialty chemicals company’s stock valued at $804,753,000 after buying an additional 381,593 shares in the last quarter. Geode Capital Management LLC boosted its holdings in shares of International Flavors & Fragrances by 1.9% in the second quarter. Geode Capital Management LLC now owns 6,459,129 shares of the specialty chemicals company’s stock worth $473,036,000 after buying an additional 123,520 shares during the period. Finally, First Eagle Investment Management LLC increased its position in shares of International Flavors & Fragrances by 122.1% in the second quarter. First Eagle Investment Management LLC now owns 5,441,094 shares of the specialty chemicals company’s stock worth $400,192,000 after acquiring an additional 2,991,405 shares in the last quarter. 96.02% of the stock is owned by institutional investors.

International Flavors & Fragrances Stock Performance

Shares of NYSE IFF opened at $69.58 on Wednesday. The company has a debt-to-equity ratio of 0.33, a current ratio of 1.44 and a quick ratio of 0.87. International Flavors & Fragrances Inc. has a one year low of $59.14 and a one year high of $88.09. The business’s 50-day moving average price is $66.51 and its two-hundred day moving average price is $66.95. The company has a market capitalization of $17.82 billion, a P/E ratio of -42.95, a price-to-earnings-growth ratio of 2.59 and a beta of 1.04.

International Flavors & Fragrances (NYSE:IFF) last announced its quarterly earnings results on Tuesday, November 4th. The specialty chemicals company reported $1.05 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.02 by $0.03. International Flavors & Fragrances had a positive return on equity of 8.03% and a negative net margin of 3.72%.The business had revenue of $2.69 billion during the quarter, compared to analyst estimates of $2.65 billion. During the same period in the previous year, the company earned $1.04 EPS. The firm’s revenue was down 7.9% on a year-over-year basis. Analysts anticipate that International Flavors & Fragrances Inc. will post 4.32 earnings per share for the current fiscal year.

International Flavors & Fragrances Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, January 9th. Stockholders of record on Friday, December 19th were paid a dividend of $0.40 per share. The ex-dividend date was Friday, December 19th. This represents a $1.60 annualized dividend and a dividend yield of 2.3%. International Flavors & Fragrances’s dividend payout ratio is -98.77%.

Analysts Set New Price Targets

IFF has been the subject of several research analyst reports. Weiss Ratings restated a “sell (d-)” rating on shares of International Flavors & Fragrances in a research report on Monday, December 29th. BNP Paribas decreased their target price on International Flavors & Fragrances from $92.00 to $91.00 in a research report on Monday, September 29th. Mizuho dropped their price target on International Flavors & Fragrances from $85.00 to $75.00 and set an “outperform” rating on the stock in a research report on Friday, October 3rd. Citigroup decreased their price objective on International Flavors & Fragrances from $82.00 to $75.00 and set a “buy” rating for the company in a research report on Monday, October 6th. Finally, UBS Group upped their target price on International Flavors & Fragrances from $68.00 to $71.00 and gave the company a “neutral” rating in a report on Monday. Twelve investment analysts have rated the stock with a Buy rating, four have given a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $85.19.

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.