International Flavors & Fragrances Inc. $IFF Shares Sold by CHICAGO TRUST Co NA

CHICAGO TRUST Co NA lessened its stake in shares of International Flavors & Fragrances Inc. (NYSE:IFF) by 42.4% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 4,840 shares of the specialty chemicals company’s stock after selling 3,559 shares during the quarter. CHICAGO TRUST Co NA’s holdings in International Flavors & Fragrances were worth $356,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Charles Schwab Investment Management Inc. increased its position in shares of International Flavors & Fragrances by 2.1% during the first quarter. Charles Schwab Investment Management Inc. now owns 1,577,723 shares of the specialty chemicals company’s stock worth $122,447,000 after acquiring an additional 32,005 shares during the last quarter. Allspring Global Investments Holdings LLC increased its position in shares of International Flavors & Fragrances by 11.2% during the first quarter. Allspring Global Investments Holdings LLC now owns 84,265 shares of the specialty chemicals company’s stock worth $6,525,000 after acquiring an additional 8,490 shares during the last quarter. Manning & Napier Advisors LLC purchased a new stake in shares of International Flavors & Fragrances during the first quarter worth about $1,271,000. Dodge & Cox increased its position in shares of International Flavors & Fragrances by 7.4% during the first quarter. Dodge & Cox now owns 33,774,607 shares of the specialty chemicals company’s stock worth $2,621,247,000 after acquiring an additional 2,336,844 shares during the last quarter. Finally, Chicago Capital LLC purchased a new stake in shares of International Flavors & Fragrances during the first quarter worth about $688,000. Institutional investors and hedge funds own 96.02% of the company’s stock.

International Flavors & Fragrances Stock Up 0.3%

NYSE:IFF opened at $62.56 on Thursday. The firm has a market capitalization of $16.03 billion, a PE ratio of -40.36, a price-to-earnings-growth ratio of 2.71 and a beta of 1.07. The stock has a 50 day moving average of $67.79 and a 200-day moving average of $73.16. International Flavors & Fragrances Inc. has a 52 week low of $62.13 and a 52 week high of $106.77. The company has a current ratio of 1.86, a quick ratio of 1.12 and a debt-to-equity ratio of 0.39.

International Flavors & Fragrances (NYSE:IFF) last posted its earnings results on Tuesday, August 5th. The specialty chemicals company reported $1.15 EPS for the quarter, beating the consensus estimate of $1.11 by $0.04. The company 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 business’s revenue was down 4.3% compared to the same quarter last year. During the same period in the prior year, the company earned $1.16 earnings per share. International Flavors & Fragrances has set its FY 2025 guidance at EPS. Analysts predict that International Flavors & Fragrances Inc. will post 4.32 EPS for the current year.

International Flavors & Fragrances Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, October 10th. Stockholders of record on Monday, September 29th will be given a dividend of $0.40 per share. The ex-dividend date is Monday, September 29th. This represents a $1.60 annualized dividend and a dividend yield of 2.6%. International Flavors & Fragrances’s payout ratio is currently -103.23%.

Analyst Ratings Changes

A number of analysts have recently issued reports on IFF shares. Oppenheimer lowered International Flavors & Fragrances from an “outperform” rating to a “market perform” rating in a research report on Thursday, August 7th. Tigress Financial reissued a “buy” rating and issued a $105.00 price objective on shares of International Flavors & Fragrances in a report on Tuesday, August 26th. Barclays lowered their price objective on International Flavors & Fragrances from $84.00 to $78.00 and set an “overweight” rating for the company in a report on Friday, August 8th. Wolfe Research raised International Flavors & Fragrances from an “underperform” rating to a “peer perform” rating in a report on Monday, September 8th. Finally, UBS Group lowered their price objective on International Flavors & Fragrances from $83.00 to $79.00 and set a “neutral” rating for the company in a report on Wednesday, August 6th. Thirteen research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, International Flavors & Fragrances currently has an average rating of “Moderate Buy” and an average price target of $91.80.

Insider Activity at International Flavors & Fragrances

In other International Flavors & Fragrances news, Director Paul J. Fribourg acquired 15,450 shares of International Flavors & Fragrances stock in a transaction dated Thursday, August 7th. The stock was acquired at an average cost of $64.80 per share, for a total transaction of $1,001,160.00. Following the completion of the transaction, the director owned 15,450 shares in the company, valued at approximately $1,001,160. This represents a ∞ increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, CEO J Erik Fyrwald acquired 15,300 shares of International Flavors & Fragrances stock in a transaction dated Thursday, August 7th. The shares were acquired at an average price of $64.95 per share, with a total value 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 approximately $5,025,181.50. This trade represents a 24.65% increase in their position. The disclosure for this purchase can be found here. Insiders own 0.20% of the company’s stock.

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.