BNP Paribas Financial Markets Grows Position in International Flavors & Fragrances Inc. $IFF

BNP Paribas Financial Markets grew its holdings in shares of International Flavors & Fragrances Inc. (NYSE:IFF) by 33.9% in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 707,059 shares of the specialty chemicals company’s stock after purchasing an additional 178,948 shares during the quarter. BNP Paribas Financial Markets’ holdings in International Flavors & Fragrances were worth $54,875,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Zions Bancorporation National Association UT purchased a new position in International Flavors & Fragrances in the 1st quarter valued at approximately $42,000. Mather Group LLC. boosted its holdings in shares of International Flavors & Fragrances by 179.9% in the first quarter. Mather Group LLC. now owns 655 shares of the specialty chemicals company’s stock worth $51,000 after acquiring an additional 421 shares during the period. Smallwood Wealth Investment Management LLC bought a new stake in shares of International Flavors & Fragrances during the 1st quarter valued at $77,000. Strengthening Families & Communities LLC lifted its holdings in International Flavors & Fragrances by 43.6% during the 1st quarter. Strengthening Families & Communities LLC now owns 1,384 shares of the specialty chemicals company’s stock worth $107,000 after purchasing an additional 420 shares in the last quarter. Finally, Farther Finance Advisors LLC boosted its stake in International Flavors & Fragrances by 48.5% in the 1st quarter. Farther Finance Advisors LLC now owns 1,534 shares of the specialty chemicals company’s stock worth $119,000 after purchasing an additional 501 shares during the period. Institutional investors own 96.02% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on IFF. Barclays lowered their price target on shares of International Flavors & Fragrances from $84.00 to $78.00 and set an “overweight” rating on the stock in a report on Friday, August 8th. Tigress Financial reissued a “buy” rating and issued a $105.00 price target on shares of International Flavors & Fragrances in a report on Tuesday, August 26th. Morgan Stanley reduced their price target on shares of International Flavors & Fragrances from $100.00 to $98.00 and set an “overweight” rating for the company in a research report on Tuesday, May 13th. 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 report on Wednesday, August 6th. Finally, Oppenheimer cut International Flavors & Fragrances from an “outperform” rating to a “market perform” rating in a research report on Thursday, August 7th. Twelve analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $92.36.

Insiders Place Their Bets

In other news, CEO J Erik Fyrwald acquired 15,300 shares of the firm’s stock in a transaction on Thursday, August 7th. The shares were purchased at an average price of $64.95 per share, for a total transaction of $993,735.00. Following the completion of the transaction, the chief executive officer owned 77,370 shares of the company’s stock, valued at $5,025,181.50. The trade was a 24.65% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Paul J. Fribourg purchased 15,450 shares of the stock in a transaction on Thursday, August 7th. The shares were acquired at an average cost of $64.80 per share, with a total value of $1,001,160.00. Following the transaction, the director directly owned 15,450 shares in the company, valued at $1,001,160. The trade was a ∞ increase in their ownership of the stock. The disclosure for this purchase can be found here. 0.20% of the stock is currently owned by corporate insiders.

International Flavors & Fragrances Stock Performance

NYSE IFF opened at $67.46 on Friday. International Flavors & Fragrances Inc. has a 52-week low of $62.33 and a 52-week high of $106.77. The company has a fifty day moving average of $71.53 and a 200-day moving average of $75.27. The company has a market capitalization of $17.29 billion, a P/E ratio of -43.52, a P/E/G ratio of 2.92 and a beta of 1.04. The company has a debt-to-equity ratio of 0.39, a quick ratio of 1.12 and a current ratio of 1.86.

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, topping the consensus estimate of $1.11 by $0.04. The firm had revenue of $2.76 billion during the quarter, compared to analyst estimates of $2.69 billion. International Flavors & Fragrances had a positive return on equity of 7.95% and a negative net margin of 3.48%.The company’s revenue was down 4.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.16 earnings per share. International Flavors & Fragrances has set its FY 2025 guidance at EPS. As a group, equities research analysts predict that International Flavors & Fragrances Inc. will post 4.32 EPS for the current fiscal year.

International Flavors & Fragrances Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, October 10th. Shareholders of record on Monday, September 29th will be paid 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%.

About International Flavors & Fragrances

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.