Kentucky Retirement Systems Insurance Trust Fund Sells 4,682 Shares of International Flavors & Fragrances Inc. (NYSE:IFF)

Kentucky Retirement Systems Insurance Trust Fund cut its position in shares of International Flavors & Fragrances Inc. (NYSE:IFF) by 61.9% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 2,887 shares of the specialty chemicals company’s stock after selling 4,682 shares during the quarter. Kentucky Retirement Systems Insurance Trust Fund’s holdings in International Flavors & Fragrances were worth $248,000 as of its most recent SEC filing.

Several other institutional investors have also recently modified their holdings of the company. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors bought a new position in International Flavors & Fragrances during the 4th quarter worth approximately $9,271,000. Venturi Wealth Management LLC grew its position in International Flavors & Fragrances by 74.8% during the 4th quarter. Venturi Wealth Management LLC now owns 1,729 shares of the specialty chemicals company’s stock worth $146,000 after acquiring an additional 740 shares during the last quarter. Truist Financial Corp grew its position in International Flavors & Fragrances by 0.7% during the 4th quarter. Truist Financial Corp now owns 19,908 shares of the specialty chemicals company’s stock worth $1,683,000 after acquiring an additional 129 shares during the last quarter. CIBC Asset Management Inc grew its position in International Flavors & Fragrances by 4.7% during the 4th quarter. CIBC Asset Management Inc now owns 38,968 shares of the specialty chemicals company’s stock worth $3,295,000 after acquiring an additional 1,735 shares during the last quarter. Finally, Sanctuary Advisors LLC grew its position in International Flavors & Fragrances by 18.8% during the 4th quarter. Sanctuary Advisors LLC now owns 7,867 shares of the specialty chemicals company’s stock worth $690,000 after acquiring an additional 1,246 shares during the last quarter. 96.02% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

IFF has been the topic of several recent research reports. JPMorgan Chase & Co. reduced their price target on International Flavors & Fragrances from $110.00 to $107.00 and set an “overweight” rating on the stock in a research report on Thursday, November 7th. Citigroup reduced their price target on International Flavors & Fragrances from $110.00 to $105.00 and set a “buy” rating on the stock in a research report on Wednesday, December 18th. Oppenheimer cut their price objective on International Flavors & Fragrances from $117.00 to $114.00 and set an “outperform” rating on the stock in a research report on Tuesday, January 28th. Morgan Stanley upgraded International Flavors & Fragrances from an “equal weight” rating to an “overweight” rating and cut their price objective for the stock from $111.00 to $110.00 in a research report on Tuesday, November 12th. Finally, Argus upgraded International Flavors & Fragrances from a “hold” rating to a “buy” rating in a research report on Tuesday, January 7th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and twelve have assigned a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $107.77.

International Flavors & Fragrances Trading Down 5.2 %

IFF opened at $81.99 on Thursday. The business has a 50 day moving average of $85.02 and a 200-day moving average of $93.64. The stock has a market cap of $20.96 billion, a PE ratio of -9.02, a PEG ratio of 1.54 and a beta of 1.19. International Flavors & Fragrances Inc. has a 52 week low of $72.94 and a 52 week high of $106.77. The company has a quick ratio of 1.93, a current ratio of 2.62 and a debt-to-equity ratio of 0.58.

International Flavors & Fragrances (NYSE:IFF) last announced its quarterly earnings data on Tuesday, February 18th. The specialty chemicals company reported $0.97 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.83 by $0.14. The business had revenue of $2.77 billion during the quarter, compared to analysts’ expectations of $2.67 billion. International Flavors & Fragrances had a positive return on equity of 7.16% and a negative net margin of 20.33%. Equities research analysts predict that International Flavors & Fragrances Inc. will post 4.15 earnings per share for the current fiscal year.

International Flavors & Fragrances Profile

International Flavors & Fragrances, Inc engages in the manufacture and supply of flavors and fragrances used in the food, beverage, personal care, and household products industries. It operates through the following segments: Nourish, Health & Biosciences, Scent and Pharma Solutions. The Nourish segment consists of legacy Taste segment combined with N&B’s Food & Beverage division and the food protection business of N&B’s Health & Biosciences division.