Louisiana State Employees Retirement System Takes $950,000 Position in International Flavors & Fragrances Inc. $IFF

Louisiana State Employees Retirement System purchased a new position in International Flavors & Fragrances Inc. (NYSE:IFF) in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 13,100 shares of the specialty chemicals company’s stock, valued at approximately $950,000.

A number of other hedge funds have also made changes to their positions in the business. Lloyd Advisory Services LLC. purchased a new position in International Flavors & Fragrances during the 4th quarter worth approximately $27,000. Geneos Wealth Management Inc. lifted its stake in shares of International Flavors & Fragrances by 55.7% in the 1st quarter. Geneos Wealth Management Inc. now owns 587 shares of the specialty chemicals company’s stock worth $46,000 after acquiring an additional 210 shares during the period. Transamerica Financial Advisors LLC lifted its position in International Flavors & Fragrances by 884.1% in the second quarter. Transamerica Financial Advisors LLC now owns 679 shares of the specialty chemicals company’s stock valued at $50,000 after purchasing an additional 610 shares during the period. MassMutual Private Wealth & Trust FSB boosted its stake in shares of International Flavors & Fragrances by 42.8% in the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 798 shares of the specialty chemicals company’s stock valued at $54,000 after buying an additional 239 shares in the last quarter. Finally, Cromwell Holdings LLC boosted its position in shares of International Flavors & Fragrances by 69.6% during the 4th quarter. Cromwell Holdings LLC now owns 894 shares of the specialty chemicals company’s stock worth $61,000 after purchasing an additional 367 shares in the last quarter. Hedge funds and other institutional investors own 96.02% of the company’s stock.

Insider Transactions at International Flavors & Fragrances

In other International Flavors & Fragrances news, Director Paul J. Fribourg bought 260,000 shares of the firm’s stock in a transaction on Monday, June 1st. The stock was bought at an average cost of $74.28 per share, with a total value of $19,312,800.00. Following the completion of the transaction, the director directly owned 2,682,730 shares of the company’s stock, valued at approximately $199,273,184.40. The trade was a 10.73% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 1.07% of the company’s stock.

International Flavors & Fragrances Price Performance

Shares of IFF opened at $83.62 on Monday. 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 Inc. has a 12 month low of $59.14 and a 12 month high of $84.45. The stock has a fifty day moving average price of $75.72 and a 200 day moving average price of $73.53. The company has a market cap of $21.35 billion, a P/E ratio of 25.57, a PEG ratio of 1.95 and a beta of 0.93.

International Flavors & Fragrances (NYSE:IFF) last issued its quarterly earnings results on Tuesday, May 5th. The specialty chemicals company reported $1.25 EPS for the quarter, beating analysts’ consensus estimates 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 company’s quarterly revenue was down 3.6% compared to the same quarter last year. During the same period last year, the company earned $1.20 earnings per share. On average, research analysts forecast that International Flavors & Fragrances Inc. will post 4.55 earnings per share for the current year.

International Flavors & Fragrances Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, July 10th. Investors of record on Thursday, June 18th will be issued a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a dividend yield of 1.9%. The ex-dividend date is Thursday, June 18th. International Flavors & Fragrances’s dividend payout ratio (DPR) is currently 48.93%.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on IFF. Berenberg Bank upped their target price on International Flavors & Fragrances from $83.00 to $84.80 and gave the company a “hold” rating in a report on Thursday, May 7th. Deutsche Bank Aktiengesellschaft lowered their target price on shares of International Flavors & Fragrances from $95.00 to $90.00 and set a “buy” rating for the company in a research note on Monday, June 1st. Benchmark began coverage on shares of International Flavors & Fragrances in a research report on Tuesday, June 9th. They issued a “buy” rating and a $100.00 target price on the stock. Oppenheimer boosted their price target on International Flavors & Fragrances from $88.00 to $90.00 and gave the company an “outperform” rating in a research report on Thursday, May 7th. Finally, Barclays raised their target price on shares of International Flavors & Fragrances from $80.00 to $90.00 and gave the company an “overweight” rating in a research note on Thursday, May 7th. Thirteen investment analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, International Flavors & Fragrances currently has a consensus rating of “Moderate Buy” and an average price target of $91.16.

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.