Oregon Public Employees Retirement Fund Reduces Stock Position in International Flavors & Fragrances Inc (NYSE:IFF)

Oregon Public Employees Retirement Fund cut its holdings in shares of International Flavors & Fragrances Inc (NYSE:IFF) by 47.8% during the 2nd quarter, Holdings Channel.com reports. The firm owned 10,588 shares of the specialty chemicals company’s stock after selling 9,694 shares during the quarter. Oregon Public Employees Retirement Fund’s holdings in International Flavors & Fragrances were worth $1,536,000 as of its most recent SEC filing.

Other hedge funds have also bought and sold shares of the company. Lenox Wealth Management Inc. acquired a new position in shares of International Flavors & Fragrances in the 1st quarter worth approximately $26,000. Icon Wealth Partners LLC acquired a new position in shares of International Flavors & Fragrances in the 1st quarter worth approximately $38,000. Field & Main Bank acquired a new position in shares of International Flavors & Fragrances in the 1st quarter worth approximately $39,000. Penserra Capital Management LLC grew its position in shares of International Flavors & Fragrances by 28.6% in the 1st quarter. Penserra Capital Management LLC now owns 360 shares of the specialty chemicals company’s stock worth $46,000 after acquiring an additional 80 shares in the last quarter. Finally, CENTRAL TRUST Co acquired a new position in shares of International Flavors & Fragrances in the 2nd quarter worth approximately $78,000. Institutional investors own 88.50% of the company’s stock.

In related news, insider Nicolas Mirzayantz sold 2,500 shares of the business’s stock in a transaction that occurred on Tuesday, June 4th. The stock was sold at an average price of $142.00, for a total transaction of $355,000.00. Following the completion of the transaction, the insider now owns 40,858 shares in the company, valued at approximately $5,801,836. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders have sold a total of 10,508 shares of company stock valued at $1,496,115 in the last 90 days. Insiders own 0.39% of the company’s stock.

Several brokerages have recently commented on IFF. KeyCorp lifted their target price on International Flavors & Fragrances from $143.00 to $160.00 and gave the stock an “overweight” rating in a research report on Friday, June 7th. Exane BNP Paribas lowered International Flavors & Fragrances to an “underperform” rating in a research report on Friday, June 21st. BNP Paribas lowered International Flavors & Fragrances from a “neutral” rating to an “underperform” rating in a research report on Friday, June 21st. Zacks Investment Research upgraded International Flavors & Fragrances from a “hold” rating to a “buy” rating and set a $152.00 target price for the company in a research report on Friday, May 24th. Finally, UBS Group lifted their target price on International Flavors & Fragrances from $168.00 to $172.00 and gave the stock a “buy” rating in a research report on Tuesday, May 7th. Four equities research analysts have rated the stock with a sell rating, four have issued a hold rating and five have given a buy rating to the company’s stock. International Flavors & Fragrances currently has a consensus rating of “Hold” and a consensus target price of $150.25.

NYSE:IFF traded down $2.24 during midday trading on Monday, reaching $141.58. 17,789 shares of the company traded hands, compared to its average volume of 588,161. International Flavors & Fragrances Inc has a twelve month low of $121.85 and a twelve month high of $152.95. The stock has a market capitalization of $15.25 billion, a price-to-earnings ratio of 22.51 and a beta of 0.75. The company has a quick ratio of 1.58, a current ratio of 2.56 and a debt-to-equity ratio of 0.72. The firm has a fifty day moving average of $145.04.

International Flavors & Fragrances (NYSE:IFF) last released its quarterly earnings data on Monday, May 6th. The specialty chemicals company reported $1.57 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.52 by $0.05. International Flavors & Fragrances had a return on equity of 12.74% and a net margin of 7.29%. The business had revenue of $1.30 billion during the quarter, compared to analyst estimates of $1.28 billion. During the same quarter in the previous year, the firm posted $1.79 EPS. The business’s revenue for the quarter was up 39.4% compared to the same quarter last year. On average, sell-side analysts predict that International Flavors & Fragrances Inc will post 6.3 earnings per share for the current year.

International Flavors & Fragrances Profile

International Flavors & Fragrances Inc, together with its subsidiaries, manufactures flavors and fragrances for use in various consumer products. It operates through three segments: Taste, Scent, and Frutarom. The Taste 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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