Retirement Systems of Alabama boosted its stake in International Flavors & Fragrances Inc (NYSE:IFF) by 77.1% during the first quarter, Holdings Channel reports. The firm owned 291,405 shares of the specialty chemicals company’s stock after buying an additional 126,860 shares during the period. Retirement Systems of Alabama owned about 0.37% of International Flavors & Fragrances worth $38,620,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently bought and sold shares of the company. Kornitzer Capital Management Inc. KS raised its stake in International Flavors & Fragrances by 3.2% in the third quarter. Kornitzer Capital Management Inc. KS now owns 44,915 shares of the specialty chemicals company’s stock valued at $6,421,000 after buying an additional 1,380 shares during the period. Darrell & King LLC purchased a new stake in International Flavors & Fragrances during the third quarter valued at about $214,000. Ironwood Investment Management LLC raised its stake in International Flavors & Fragrances by 25.6% in the third quarter. Ironwood Investment Management LLC now owns 2,273 shares of the specialty chemicals company’s stock valued at $325,000 after buying an additional 463 shares during the period. World Asset Management Inc raised its stake in International Flavors & Fragrances by 1.6% in the third quarter. World Asset Management Inc now owns 7,885 shares of the specialty chemicals company’s stock valued at $1,127,000 after buying an additional 123 shares during the period. Finally, Sumitomo Mitsui Trust Holdings Inc. raised its stake in International Flavors & Fragrances by 1.5% in the third quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 224,765 shares of the specialty chemicals company’s stock valued at $32,135,000 after buying an additional 3,336 shares during the period. 77.76% of the stock is currently owned by hedge funds and other institutional investors.

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

Shares of International Flavors & Fragrances Inc (NYSE:IFF) traded up 0.24% during trading on Friday, hitting $136.12. 283,106 shares of the stock traded hands. The stock has a 50 day moving average price of $130.85 and a 200-day moving average price of $124.98. The stock has a market cap of $10.76 billion, a price-to-earnings ratio of 26.95 and a beta of 1.04. International Flavors & Fragrances Inc has a 1-year low of $113.16 and a 1-year high of $143.64.

International Flavors & Fragrances (NYSE:IFF) last issued its quarterly earnings data on Wednesday, February 15th. The specialty chemicals company reported $1.22 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.16 by $0.06. International Flavors & Fragrances had a return on equity of 25.92% and a net margin of 12.92%. The company earned $762.60 million during the quarter, compared to analyst estimates of $753.62 million. During the same quarter in the previous year, the firm earned $1.05 earnings per share. Equities analysts forecast that International Flavors & Fragrances Inc will post $5.81 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which was paid on Friday, April 7th. Stockholders of record on Monday, March 27th were issued a dividend of $0.64 per share. This represents a $2.56 annualized dividend and a dividend yield of 1.89%. The ex-dividend date was Thursday, March 23rd. International Flavors & Fragrances’s payout ratio is 51.82%.

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Several research firms have issued reports on IFF. Stifel Nicolaus upped their price target on shares of International Flavors & Fragrances from $123.00 to $127.00 and gave the stock a “hold” rating in a research report on Monday, March 27th. Zacks Investment Research lowered shares of International Flavors & Fragrances from a “hold” rating to a “sell” rating in a research report on Tuesday. Barclays PLC set a $112.00 price target on shares of International Flavors & Fragrances and gave the stock a “sell” rating in a research report on Saturday, February 18th. Consumer Edge lowered shares of International Flavors & Fragrances from an “outperform” rating to a “neutral” rating in a research report on Thursday, February 16th. Finally, Evercore ISI began coverage on shares of International Flavors & Fragrances in a research report on Monday, February 13th. They set a “hold” rating and a $125.00 price target on the stock. Two research analysts have rated the stock with a sell rating, eight have assigned a hold rating and four have issued a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average target price of $138.74.

In other news, Director Henry W. Howell, Jr. sold 775 shares of the business’s stock in a transaction dated Tuesday, February 21st. The stock was sold at an average price of $121.54, for a total transaction of $94,193.50. Following the completion of the transaction, the director now owns 1,198 shares of the company’s stock, valued at $145,604.92. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, major shareholder Winder Investment Pte Ltd acquired 70,000 shares of the business’s stock in a transaction dated Tuesday, March 7th. The shares were acquired at an average cost of $123.81 per share, with a total value of $8,666,700.00. Following the acquisition, the insider now directly owns 8,087,640 shares of the company’s stock, valued at approximately $1,001,330,708.40. The disclosure for this purchase can be found here. In the last three months, insiders have bought 788,346 shares of company stock valued at $100,236,374 and have sold 5,921 shares valued at $752,863. 0.55% of the stock is currently owned by insiders.

About International Flavors & Fragrances

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.

5 Day Chart for NYSE:IFF

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