State of Alaska Department of Revenue Has $442,000 Stake in Internationa Flavors & Fragrances, Inc. (IFF)

State of Alaska Department of Revenue reduced its position in shares of Internationa Flavors & Fragrances, Inc. (NYSE:IFF) by 29.1% during the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 3,280 shares of the specialty chemicals company’s stock after selling 1,343 shares during the period. State of Alaska Department of Revenue’s holdings in Internationa Flavors & Fragrances were worth $442,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently added to or reduced their stakes in IFF. Dimensional Fund Advisors LP boosted its stake in Internationa Flavors & Fragrances by 1.0% in the fourth quarter. Dimensional Fund Advisors LP now owns 240,128 shares of the specialty chemicals company’s stock worth $28,296,000 after buying an additional 2,445 shares in the last quarter. Quadrature Capital Ltd boosted its stake in Internationa Flavors & Fragrances by 151.8% in the fourth quarter. Quadrature Capital Ltd now owns 16,910 shares of the specialty chemicals company’s stock worth $1,993,000 after buying an additional 10,194 shares in the last quarter. Perigon Wealth Management LLC boosted its stake in Internationa Flavors & Fragrances by 12.0% in the fourth quarter. Perigon Wealth Management LLC now owns 3,079 shares of the specialty chemicals company’s stock worth $385,000 after buying an additional 330 shares in the last quarter. Teachers Advisors LLC boosted its stake in Internationa Flavors & Fragrances by 8.2% in the fourth quarter. Teachers Advisors LLC now owns 91,166 shares of the specialty chemicals company’s stock worth $10,742,000 after buying an additional 6,908 shares in the last quarter. Finally, Kentucky Retirement Systems purchased a new stake in Internationa Flavors & Fragrances during the fourth quarter worth approximately $679,000. Institutional investors and hedge funds own 83.80% of the company’s stock.

Shares of Internationa Flavors & Fragrances, Inc. (NYSE:IFF) traded down 0.33% during trading on Friday, reaching $134.83. 352,093 shares of the company were exchanged. The firm has a market cap of $10.65 billion, a price-to-earnings ratio of 27.21 and a beta of 1.11. The stock’s 50-day moving average is $134.37 and its 200-day moving average is $132.10. Internationa Flavors & Fragrances, Inc. has a 52-week low of $113.16 and a 52-week high of $143.64.

Internationa Flavors & Fragrances (NYSE:IFF) last posted its quarterly earnings results on Tuesday, August 8th. The specialty chemicals company reported $1.50 earnings per share for the quarter, beating the consensus estimate of $1.45 by $0.05. Internationa Flavors & Fragrances had a net margin of 12.31% and a return on equity of 26.83%. The firm had revenue of $842.86 million during the quarter, compared to the consensus estimate of $845.89 million. During the same period in the previous year, the firm posted $1.47 earnings per share. The business’s revenue was up 6.2% compared to the same quarter last year. Equities research analysts predict that Internationa Flavors & Fragrances, Inc. will post $5.79 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Friday, October 6th. Shareholders of record on Monday, September 25th will be paid a $0.69 dividend. This is an increase from Internationa Flavors & Fragrances’s previous quarterly dividend of $0.64. This represents a $2.76 annualized dividend and a yield of 2.05%. The ex-dividend date of this dividend is Friday, September 22nd. Internationa Flavors & Fragrances’s payout ratio is 51.72%.

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A number of analysts recently commented on IFF shares. Zacks Investment Research upgraded shares of Internationa Flavors & Fragrances from a “sell” rating to a “hold” rating in a research report on Tuesday, April 25th. Vertical Research cut shares of Internationa Flavors & Fragrances from a “buy” rating to a “hold” rating in a research report on Tuesday, May 9th. Vertical Group cut shares of Internationa Flavors & Fragrances from a “buy” rating to a “hold” rating in a research report on Tuesday, May 9th. Deutsche Bank AG upped their price objective on shares of Internationa Flavors & Fragrances from $125.00 to $132.00 and gave the company a “hold” rating in a research report on Wednesday, May 10th. Finally, Barclays PLC restated a “sell” rating on shares of Internationa Flavors & Fragrances in a research report on Friday, May 12th. One investment analyst has rated the stock with a sell rating, twelve have issued a hold rating and three have issued a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $138.08.

In other news, EVP Francisco Fortanet sold 300 shares of Internationa Flavors & Fragrances stock in a transaction dated Wednesday, August 2nd. The shares were sold at an average price of $134.36, for a total transaction of $40,308.00. Following the completion of the transaction, the executive vice president now directly owns 19,994 shares in the company, valued at $2,686,393.84. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, major shareholder Winder Investment Pte Ltd acquired 20,000 shares of Internationa Flavors & Fragrances stock in a transaction dated Tuesday, June 20th. The shares were acquired at an average price of $136.80 per share, with a total value of $2,736,000.00. Following the completion of the acquisition, the insider now directly owns 9,170,793 shares of the company’s stock, valued at $1,254,564,482.40. The disclosure for this purchase can be found here. Over the last ninety days, insiders acquired 1,167,682 shares of company stock valued at $156,538,355 and sold 5,766 shares valued at $786,086. Insiders own 0.48% of the company’s stock.

Internationa Flavors & Fragrances Company Profile

International Flavors & Fragrances Inc creates, manufactures and supplies flavors and fragrances (including cosmetic active ingredients) used to impart or improve flavor or fragrance in a range of consumer products. The Company operates in two segments: Flavors and Fragrances. The Flavors segment offers flavor compounds that are sold to the food and beverage industries for use in consumer products, such as prepared foods, beverages, dairy, food and sweet products.

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

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