IFM Investors Pty Ltd Has $3.88 Million Stake in International Flavors & Fragrances Inc. $IFF

IFM Investors Pty Ltd lowered its position in shares of International Flavors & Fragrances Inc. (NYSE:IFF) by 2.0% in the first quarter, according to the company in its most recent disclosure with the SEC. The firm owned 49,943 shares of the specialty chemicals company’s stock after selling 1,045 shares during the quarter. IFM Investors Pty Ltd’s holdings in International Flavors & Fragrances were worth $3,876,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. Banque Transatlantique SA acquired a new position in International Flavors & Fragrances during the first quarter valued at approximately $32,000. Zions Bancorporation National Association UT acquired a new position in International Flavors & Fragrances during the first quarter valued at approximately $42,000. Mather Group LLC. grew its holdings in International Flavors & Fragrances by 179.9% during the first quarter. Mather Group LLC. now owns 655 shares of the specialty chemicals company’s stock valued at $51,000 after purchasing an additional 421 shares during the period. Smallwood Wealth Investment Management LLC bought a new position in International Flavors & Fragrances in the first quarter valued at approximately $77,000. Finally, Quarry LP lifted its stake in International Flavors & Fragrances by 40.0% in the first quarter. Quarry LP now owns 1,295 shares of the specialty chemicals company’s stock valued at $101,000 after buying an additional 370 shares in the last quarter. Institutional investors and hedge funds own 96.02% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on the stock. Wells Fargo & Company cut their price target on shares of 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. Wolfe Research raised shares of International Flavors & Fragrances from an “underperform” rating to a “peer perform” rating in a research note on Monday. Tigress Financial reaffirmed a “buy” rating and issued a $105.00 price target on shares of International Flavors & Fragrances in a research note on Tuesday, August 26th. Oppenheimer lowered shares of International Flavors & Fragrances from an “outperform” rating to a “market perform” rating in a research note on Thursday, August 7th. Finally, UBS Group cut their price objective on shares of 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. Twelve equities research analysts have rated the stock with a Buy rating, three have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $92.36.

Insider Buying and Selling at International Flavors & Fragrances

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

International Flavors & Fragrances Stock Performance

NYSE IFF opened at $66.34 on Friday. The company has a current ratio of 1.86, a quick ratio of 1.12 and a debt-to-equity ratio of 0.39. The firm’s fifty day moving average price is $69.93 and its two-hundred day moving average price is $74.25. International Flavors & Fragrances Inc. has a 1 year low of $62.33 and a 1 year high of $106.77. The firm has a market capitalization of $17.00 billion, a P/E ratio of -42.80, a price-to-earnings-growth ratio of 2.79 and a beta of 1.07.

International Flavors & Fragrances (NYSE:IFF) last posted 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. International Flavors & Fragrances had a negative net margin of 3.48% and a positive return on equity of 7.95%. The firm had revenue of $2.76 billion for the quarter, compared to analyst estimates of $2.69 billion. During the same period in the prior year, the firm posted $1.16 earnings per share. The company’s quarterly revenue was down 4.3% compared to the same quarter last year. International Flavors & Fragrances has set its FY 2025 guidance at EPS. As a group, research analysts anticipate that International Flavors & Fragrances Inc. will post 4.32 EPS for the current year.

International Flavors & Fragrances Announces Dividend

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