International Flavors & Fragrances Inc. $IFF Stock Position Raised by ZWJ Investment Counsel Inc.

ZWJ Investment Counsel Inc. raised its position in shares of International Flavors & Fragrances Inc. (NYSE:IFF) by 5.0% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 320,414 shares of the specialty chemicals company’s stock after purchasing an additional 15,250 shares during the period. ZWJ Investment Counsel Inc.’s holdings in International Flavors & Fragrances were worth $23,566,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the company. Dodge & Cox raised its stake in shares of International Flavors & Fragrances by 7.4% during the 1st quarter. Dodge & Cox now owns 33,774,607 shares of the specialty chemicals company’s stock worth $2,621,247,000 after purchasing an additional 2,336,844 shares in the last quarter. Vanguard Group Inc. raised its stake in shares of International Flavors & Fragrances by 0.6% during the 1st quarter. Vanguard Group Inc. now owns 30,390,040 shares of the specialty chemicals company’s stock worth $2,358,571,000 after purchasing an additional 171,281 shares in the last quarter. First Pacific Advisors LP raised its stake in shares of International Flavors & Fragrances by 0.8% during the 1st quarter. First Pacific Advisors LP now owns 4,062,075 shares of the specialty chemicals company’s stock worth $315,258,000 after purchasing an additional 32,302 shares in the last quarter. Invesco Ltd. raised its stake in shares of International Flavors & Fragrances by 15.3% during the 1st quarter. Invesco Ltd. now owns 2,992,437 shares of the specialty chemicals company’s stock worth $232,243,000 after purchasing an additional 397,327 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. raised its stake in shares of International Flavors & Fragrances by 2.1% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 1,577,723 shares of the specialty chemicals company’s stock worth $122,447,000 after purchasing an additional 32,005 shares in the last quarter. 96.02% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other news, Director Paul J. Fribourg acquired 15,450 shares of the firm’s stock in a transaction dated Thursday, August 7th. The shares were bought at an average price of $64.80 per share, with a total value of $1,001,160.00. Following the acquisition, the director 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 legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO J Erik Fyrwald acquired 15,300 shares of the firm’s stock in a transaction dated Thursday, August 7th. The shares were purchased at an average cost of $64.95 per share, for a total transaction 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. This represents a 24.65% increase in their position. The disclosure for this purchase can be found here. Company insiders own 0.20% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on IFF. Tigress Financial reissued a “buy” rating and set a $105.00 price objective on shares of International Flavors & Fragrances in a report on Tuesday, August 26th. BNP Paribas Exane lowered their price objective on International Flavors & Fragrances from $96.00 to $92.00 and set an “outperform” rating on the stock in a report on Thursday, September 11th. Mizuho lowered their price objective on International Flavors & Fragrances from $85.00 to $75.00 and set an “outperform” rating on the stock in a report on Friday. Barclays lowered their price objective on International Flavors & Fragrances from $84.00 to $78.00 and set an “overweight” rating on the stock in a report on Friday, August 8th. Finally, 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 report on Thursday, August 7th. Thirteen investment analysts have rated the stock with a Buy rating, four have given a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $90.25.

International Flavors & Fragrances Stock Performance

IFF opened at $62.15 on Friday. The firm has a market capitalization of $15.93 billion, a P/E ratio of -40.10, a price-to-earnings-growth ratio of 2.67 and a beta of 1.07. The stock’s 50 day moving average price is $65.66 and its two-hundred day moving average price is $72.24. The company has a quick ratio of 1.12, a current ratio of 1.86 and a debt-to-equity ratio of 0.39. International Flavors & Fragrances Inc. has a 12-month low of $59.89 and a 12-month high of $106.77.

International Flavors & Fragrances (NYSE:IFF) last released its earnings results on Tuesday, August 5th. The specialty chemicals company reported $1.15 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.11 by $0.04. The firm had revenue of $2.76 billion for 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% on a year-over-year basis. During the same quarter last year, the firm posted $1.16 EPS. International Flavors & Fragrances has set its FY 2025 guidance at EPS. On average, equities analysts forecast that International Flavors & Fragrances Inc. will post 4.32 earnings per share for the current year.

International Flavors & Fragrances Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, October 10th. Shareholders of record on Monday, September 29th will be issued a $0.40 dividend. The ex-dividend date of this dividend is Monday, September 29th. This represents a $1.60 dividend on an annualized basis and a yield of 2.6%. International Flavors & Fragrances’s dividend payout ratio (DPR) is -103.23%.

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.