State Board of Administration of Florida Retirement System Buys 10,643 Shares of International Flavors & Fragrances Inc (IFF)

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State Board of Administration of Florida Retirement System lifted its stake in International Flavors & Fragrances Inc (NYSE:IFF) by 9.4% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 123,930 shares of the specialty chemicals company’s stock after buying an additional 10,643 shares during the period. State Board of Administration of Florida Retirement System owned approximately 0.12% of International Flavors & Fragrances worth $16,640,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently modified their holdings of the company. Naples Global Advisors LLC lifted its stake in International Flavors & Fragrances by 5.4% during the fourth quarter. Naples Global Advisors LLC now owns 19,866 shares of the specialty chemicals company’s stock worth $2,696,000 after purchasing an additional 1,022 shares during the last quarter. Benjamin F. Edwards & Company Inc. lifted its stake in International Flavors & Fragrances by 1.4% during the fourth quarter. Benjamin F. Edwards & Company Inc. now owns 7,568 shares of the specialty chemicals company’s stock worth $1,016,000 after purchasing an additional 103 shares during the last quarter. Rhumbline Advisers lifted its stake in International Flavors & Fragrances by 16.0% during the fourth quarter. Rhumbline Advisers now owns 197,036 shares of the specialty chemicals company’s stock worth $26,456,000 after purchasing an additional 27,130 shares during the last quarter. Crossmark Global Holdings Inc. lifted its stake in International Flavors & Fragrances by 9.0% during the fourth quarter. Crossmark Global Holdings Inc. now owns 7,716 shares of the specialty chemicals company’s stock worth $1,036,000 after purchasing an additional 635 shares during the last quarter. Finally, Xact Kapitalforvaltning AB lifted its stake in International Flavors & Fragrances by 4.4% during the fourth quarter. Xact Kapitalforvaltning AB now owns 17,626 shares of the specialty chemicals company’s stock worth $2,367,000 after purchasing an additional 747 shares during the last quarter. Institutional investors and hedge funds own 77.28% of the company’s stock.

Several research firms have weighed in on IFF. Zacks Investment Research upgraded International Flavors & Fragrances from a “sell” rating to a “hold” rating in a research note on Monday, January 21st. ValuEngine downgraded shares of International Flavors & Fragrances from a “buy” rating to a “hold” rating in a report on Thursday, January 10th. Raymond James downgraded shares of International Flavors & Fragrances from a “market perform” rating to an “underperform” rating and set a $135.00 price target for the company. in a report on Friday, November 16th. Citigroup assumed coverage on shares of International Flavors & Fragrances in a report on Friday, November 16th. They set a “neutral” rating and a $152.00 price target for the company. Finally, Deutsche Bank upgraded shares of International Flavors & Fragrances from a “hold” rating to a “buy” rating and upped their price target for the stock from $126.00 to $154.00 in a report on Tuesday, October 16th. Three analysts have rated the stock with a sell rating, five have assigned a hold rating and three have assigned a buy rating to the company’s stock. International Flavors & Fragrances has a consensus rating of “Hold” and an average price target of $145.00.

In related news, major shareholder Winder Investment Pte Ltd acquired 10,200 shares of the firm’s stock in a transaction that occurred on Wednesday, December 12th. The stock was acquired at an average cost of $136.82 per share, for a total transaction of $1,395,564.00. Following the completion of the acquisition, the insider now directly owns 18,524,958 shares of the company’s stock, valued at approximately $2,534,584,753.56. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, EVP Francisco Fortanet sold 439 shares of the stock in a transaction on Wednesday, November 14th. The shares were sold at an average price of $142.30, for a total value of $62,469.70. Following the completion of the sale, the executive vice president now owns 15,754 shares of the company’s stock, valued at $2,241,794.20. The disclosure for this sale can be found here. Insiders have bought 1,064,120 shares of company stock valued at $140,361,465 over the last quarter. Company insiders own 0.50% of the company’s stock.

Shares of NYSE:IFF opened at $141.77 on Friday. The firm has a market cap of $15.17 billion, a PE ratio of 24.07, a P/E/G ratio of 2.81 and a beta of 0.83. The company has a debt-to-equity ratio of 1.07, a current ratio of 9.16 and a quick ratio of 8.21. International Flavors & Fragrances Inc has a 52-week low of $122.11 and a 52-week high of $150.57.

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International Flavors & Fragrances Company Profile

International Flavors & Fragrances Inc, together with its subsidiaries, manufactures flavors and fragrances for use in various consumer products. It operates through two segments, Flavors and Fragrances. The Flavors segment offers flavor compounds primarily to the food and beverage industries for use in consumer products, such as prepared foods, beverages, dairy, food, and sweet products.

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

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