Today, Arizona State Retirement System Maintains Stake in International Flavors & Fragrances Inc. (IFF)

Today, Arizona State Retirement System Maintains Stake in International Flavors & Fragrances Inc. (IFF)

Arizona State Retirement System held its stake in shares of International Flavors & Fragrances Inc. (NYSE:IFF) during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 19,598 shares of the company’s stock at the end of the third quarter. Arizona State Retirement System’s holdings in International Flavors & Fragrances were worth $2,802,000 at the end of the most recent reporting period.

Other hedge funds also recently modified their holdings of the company. Riverhead Capital Management LLC raised its stake in shares of International Flavors & Fragrances by 652.5% in the second quarter. Riverhead Capital Management LLC now owns 669,081 shares of the company’s stock worth $84,350,000 after buying an additional 580,171 shares in the last quarter. Royal Bank of Canada raised its stake in shares of International Flavors & Fragrances by 61.5% in the second quarter. Royal Bank of Canada now owns 1,247,796 shares of the company’s stock worth $157,310,000 after buying an additional 475,064 shares in the last quarter. Capital International Investors raised its stake in shares of International Flavors & Fragrances by 46.9% in the second quarter. Capital International Investors now owns 940,600 shares of the company’s stock worth $118,581,000 after buying an additional 300,400 shares in the last quarter. Robeco Institutional Asset Management B.V. raised its stake in shares of International Flavors & Fragrances by 100.0% in the second quarter. Robeco Institutional Asset Management B.V. now owns 563,776 shares of the company’s stock worth $67,608,000 after buying an additional 281,888 shares in the last quarter. Finally, Campbell Newman Asset Management Inc. bought a new stake in shares of International Flavors & Fragrances during the second quarter worth $31,518,000. Hedge funds and other institutional investors own 78.92% of the company’s stock.

Shares of International Flavors & Fragrances Inc. (NYSE:IFF) traded up 0.04% during trading on Friday, reaching $120.38. 365,096 shares of the company were exchanged. International Flavors & Fragrances Inc. has a one year low of $97.24 and a one year high of $143.64. The stock has a 50-day moving average price of $127.37 and a 200-day moving average price of $131.32. The stock has a market capitalization of $9.56 billion, a PE ratio of 23.95 and a beta of 1.15.

International Flavors & Fragrances (NYSE:IFF) last posted its earnings results on Monday, November 7th. The company reported $1.34 earnings per share for the quarter, missing the Zacks’ consensus estimate of $1.42 by $0.08. The firm had revenue of $777 million for the quarter, compared to the consensus estimate of $785.05 million. International Flavors & Fragrances had a return on equity of 25.92% and a net margin of 12.92%. The business’s revenue was up 1.6% on a year-over-year basis. During the same period last year, the company posted $1.39 EPS. Analysts forecast that International Flavors & Fragrances Inc. will post $5.45 EPS for the current year.

A number of analysts have weighed in on IFF shares. JPMorgan Chase & Co. restated a “buy” rating and issued a $153.00 target price on shares of International Flavors & Fragrances in a research report on Sunday, August 14th. Zacks Investment Research upgraded shares of International Flavors & Fragrances from a “hold” rating to a “buy” rating and set a $159.00 target price on the stock in a research report on Tuesday, October 4th. Berenberg Bank restated a “buy” rating and issued a $163.40 target price on shares of International Flavors & Fragrances in a research report on Monday, September 26th. Deutsche Bank AG restated a “hold” rating and issued a $137.00 target price on shares of International Flavors & Fragrances in a research report on Thursday, October 13th. Finally, Stifel Nicolaus cut their target price on shares of International Flavors & Fragrances from $140.00 to $121.00 and set a “hold” rating on the stock in a research report on Tuesday, November 8th. Five research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. The company presently has an average rating of “Buy” and a consensus price target of $142.69.

In other news, insider Nicolas Mirzayantz sold 2,945 shares of the stock in a transaction on Tuesday, November 15th. The shares were sold at an average price of $117.56, for a total value of $346,214.20. Following the transaction, the insider now owns 57,071 shares of the company’s stock, valued at approximately $6,709,266.76. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. 0.55% of the stock is currently owned by insiders.

About International Flavors & Fragrances

International Flavors & Fragrances Inc (IFF) creates, manufactures and supplies flavors and fragrances (including cosmetic active ingredients) for the food, beverage, personal care and household products industries either in the form of compounds or individual ingredients. The Company operates in two segments: Flavors and Fragrances.

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