Public Employees Retirement Association of Colorado reduced its stake in shares of Internationa Flavors & Fragrances, Inc. (NYSE:IFF) by 0.3% during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 15,298 shares of the specialty chemicals company’s stock after selling 43 shares during the period. Public Employees Retirement Association of Colorado’s holdings in Internationa Flavors & Fragrances were worth $2,065,000 at the end of the most recent quarter.

Other hedge funds have also bought and sold shares of the company. Swiss National Bank boosted its stake in Internationa Flavors & Fragrances by 24.7% in the first quarter. Swiss National Bank now owns 310,864 shares of the specialty chemicals company’s stock valued at $41,199,000 after buying an additional 61,500 shares in the last quarter. BlackRock Inc. boosted its stake in Internationa Flavors & Fragrances by 2,877.1% in the first quarter. BlackRock Inc. now owns 4,920,948 shares of the specialty chemicals company’s stock valued at $652,173,000 after buying an additional 4,755,656 shares in the last quarter. Sawtooth Solutions LLC acquired a new stake in Internationa Flavors & Fragrances during the first quarter valued at approximately $238,000. Chevy Chase Trust Holdings Inc. boosted its stake in Internationa Flavors & Fragrances by 2.7% in the first quarter. Chevy Chase Trust Holdings Inc. now owns 68,134 shares of the specialty chemicals company’s stock valued at $9,030,000 after buying an additional 1,767 shares in the last quarter. Finally, Barings LLC acquired a new stake in Internationa Flavors & Fragrances during the first quarter valued at approximately $1,058,000. Hedge funds and other institutional investors own 84.53% of the company’s stock.

Internationa Flavors & Fragrances, Inc. (NYSE IFF) opened at 139.68 on Thursday. The firm’s 50-day moving average price is $134.20 and its 200-day moving average price is $131.32. Internationa Flavors & Fragrances, Inc. has a 52 week low of $113.16 and a 52 week high of $143.64. The company has a market capitalization of $11.03 billion, a price-to-earnings ratio of 27.78 and a beta of 1.11.

Internationa Flavors & Fragrances (NYSE:IFF) last released its earnings results on Tuesday, August 8th. The specialty chemicals company reported $1.50 EPS for the quarter, topping analysts’ consensus estimates of $1.45 by $0.05. Internationa Flavors & Fragrances had a net margin of 12.31% and a return on equity of 26.93%. The firm had revenue of $842.86 million during the quarter, compared to analyst estimates of $845.89 million. During the same quarter in the previous year, the business earned $1.47 EPS. The business’s quarterly revenue was up 6.2% compared to the same quarter last year. On average, equities analysts expect that Internationa Flavors & Fragrances, Inc. will post $5.75 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, October 6th. Shareholders of record on Monday, September 25th will be issued a dividend of $0.69 per share. This represents a $2.76 dividend on an annualized basis and a yield of 1.98%. The ex-dividend date is Friday, September 22nd. This is a positive change from Internationa Flavors & Fragrances’s previous quarterly dividend of $0.64. Internationa Flavors & Fragrances’s payout ratio is currently 51.72%.

ILLEGAL ACTIVITY WARNING: This story was originally posted by Watch List News and is the sole property of of Watch List News. If you are accessing this story on another publication, it was copied illegally and reposted in violation of United States and international copyright and trademark legislation. The legal version of this story can be accessed at https://www.watchlistnews.com/public-employees-retirement-association-of-colorado-has-2-07-million-position-in-internationa-flavors-fragrances-inc-nyseiff/1467053.html.

Several analysts recently commented on IFF shares. Zacks Investment Research upgraded Internationa Flavors & Fragrances from a “hold” rating to a “buy” rating and set a $155.00 target price on the stock in a research report on Monday, May 1st. BidaskClub cut Internationa Flavors & Fragrances from a “strong-buy” rating to a “buy” rating in a research report on Friday, June 9th. Raymond James Financial, Inc. started coverage on Internationa Flavors & Fragrances in a research report on Friday, July 7th. They issued a “market perform” rating on the stock. Stifel Nicolaus restated a “hold” rating and issued a $136.00 target price (up from $129.00) on shares of Internationa Flavors & Fragrances in a research report on Friday, June 16th. Finally, Vertical Group cut Internationa Flavors & Fragrances from a “buy” rating to a “hold” rating in a research report on Tuesday, May 9th. One investment analyst has rated the stock with a sell rating, twelve have assigned a hold rating and six have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus price target of $139.22.

In other news, EVP Francisco Fortanet sold 300 shares of the business’s stock in a transaction on Wednesday, August 2nd. The shares were sold at an average price of $134.36, for a total value of $40,308.00. Following the completion of the transaction, the executive vice president now owns 19,994 shares of the company’s stock, valued at approximately $2,686,393.84. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, major shareholder Winder Investment Pte Ltd purchased 100,000 shares of the firm’s stock in a transaction dated Tuesday, August 8th. The stock was purchased at an average cost of $134.90 per share, with a total value of $13,490,000.00. Following the acquisition, the insider now directly owns 10,278,401 shares in the company, valued at $1,386,556,294.90. The disclosure for this purchase can be found here. Insiders have acquired a total of 1,236,598 shares of company stock valued at $165,590,656 in the last ninety days. Company 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.

Want to see what other hedge funds are holding IFF? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Internationa Flavors & Fragrances, Inc. (NYSE:IFF).

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

Receive News & Ratings for Internationa Flavors & Fragrances Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Internationa Flavors & Fragrances Inc. and related companies with Analyst Ratings Network's FREE daily email newsletter.