Hsbc Holdings PLC Sells 68,635 Shares of International Flavors & Fragrances Inc. $IFF

Hsbc Holdings PLC lowered its position in shares of International Flavors & Fragrances Inc. (NYSE:IFF) by 13.0% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 458,458 shares of the specialty chemicals company’s stock after selling 68,635 shares during the period. Hsbc Holdings PLC owned 0.18% of International Flavors & Fragrances worth $35,497,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently made changes to their positions in the company. Colonial Trust Advisors increased its stake in shares of International Flavors & Fragrances by 7.2% during the first quarter. Colonial Trust Advisors now owns 28,484 shares of the specialty chemicals company’s stock worth $2,211,000 after purchasing an additional 1,911 shares during the period. Wellington Management Group LLP bought a new position in International Flavors & Fragrances during the 1st quarter worth $329,000. American Century Companies Inc. increased its stake in International Flavors & Fragrances by 6.5% during the 1st quarter. American Century Companies Inc. now owns 89,531 shares of the specialty chemicals company’s stock worth $6,949,000 after acquiring an additional 5,477 shares during the period. Ethic Inc. increased its stake in International Flavors & Fragrances by 13.2% during the 1st quarter. Ethic Inc. now owns 47,612 shares of the specialty chemicals company’s stock worth $3,687,000 after acquiring an additional 5,567 shares during the period. Finally, Horizon Investments LLC increased its stake in International Flavors & Fragrances by 4.9% during the 1st quarter. Horizon Investments LLC now owns 3,671 shares of the specialty chemicals company’s stock worth $285,000 after acquiring an additional 172 shares during the period. Institutional investors own 96.02% of the company’s stock.

International Flavors & Fragrances Trading Up 2.7%

Shares of IFF opened at $67.9190 on Friday. International Flavors & Fragrances Inc. has a 52-week low of $62.33 and a 52-week high of $106.77. The business’s fifty day moving average is $72.32 and its 200-day moving average is $75.96. The company has a debt-to-equity ratio of 0.39, a quick ratio of 1.12 and a current ratio of 1.86. The firm has a market cap of $17.41 billion, a price-to-earnings ratio of -43.82, a PEG ratio of 2.86 and a beta of 1.04.

International Flavors & Fragrances (NYSE:IFF) last issued its quarterly earnings results on Tuesday, August 5th. The specialty chemicals company reported $1.15 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.11 by $0.04. International Flavors & Fragrances had a positive return on equity of 7.95% and a negative net margin of 3.48%.The company had revenue of $2.76 billion for the quarter, compared to analyst estimates of $2.69 billion. During the same quarter last year, the company posted $1.16 EPS. The company’s revenue for the quarter was down 4.3% compared to the same quarter last year. International Flavors & Fragrances has set its FY 2025 guidance at EPS. Equities analysts anticipate that International Flavors & Fragrances Inc. will post 4.32 EPS for the current fiscal year.

International Flavors & Fragrances Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, October 10th. Investors of record on Monday, September 29th will be issued a dividend of $0.40 per share. The ex-dividend date of this dividend is Monday, September 29th. This represents a $1.60 annualized dividend and a dividend yield of 2.4%. International Flavors & Fragrances’s dividend payout ratio (DPR) is -103.23%.

Insider Buying and Selling at International Flavors & Fragrances

In other news, CEO J Erik Fyrwald acquired 15,300 shares of the business’s stock in a transaction that occurred on Thursday, August 7th. The shares were bought at an average price of $64.95 per share, with a total value of $993,735.00. Following the acquisition, the chief executive officer directly owned 77,370 shares in the company, valued at $5,025,181.50. The trade was a 24.65% increase in their position. The acquisition was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director Paul J. Fribourg acquired 15,450 shares of the business’s stock in a transaction that occurred on Thursday, August 7th. The shares were purchased at an average cost of $64.80 per share, for a total transaction of $1,001,160.00. Following the acquisition, the director owned 15,450 shares in the company, valued at $1,001,160. This represents a ∞ increase in their ownership of the stock. The disclosure for this purchase can be found here. Company insiders own 0.20% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have commented on IFF. Oppenheimer lowered International Flavors & Fragrances from an “outperform” rating to a “market perform” rating in a research note on Thursday, August 7th. Citigroup raised their price objective on International Flavors & Fragrances from $84.00 to $90.00 and gave the stock a “buy” rating in a research note on Thursday, May 8th. Wells Fargo & Company lowered their price objective on International Flavors & Fragrances from $90.00 to $85.00 and set an “overweight” rating on the stock in a research note on Thursday, August 7th. Tigress Financial began coverage on International Flavors & Fragrances in a research note on Wednesday, June 4th. They set a “buy” rating and a $105.00 price objective on the stock. Finally, UBS Group lowered their price objective on International Flavors & Fragrances from $83.00 to $79.00 and set a “neutral” rating on the stock in a research note on Wednesday, August 6th. Twelve research analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $92.36.

International Flavors & Fragrances Company 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.