TD Asset Management Inc lessened its stake in International Flavors & Fragrances Inc. (NYSE:IFF – Free Report) by 0.4% in the 2nd quarter, HoldingsChannel.com reports. The fund owned 97,234 shares of the specialty chemicals company’s stock after selling 379 shares during the period. TD Asset Management Inc’s holdings in International Flavors & Fragrances were worth $7,152,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other large investors also recently bought and sold shares of the stock. Blue Trust Inc. boosted its stake in International Flavors & Fragrances by 7.6% in the second quarter. Blue Trust Inc. now owns 2,184 shares of the specialty chemicals company’s stock valued at $161,000 after acquiring an additional 155 shares in the last quarter. Horizon Investments LLC boosted its stake in International Flavors & Fragrances by 4.9% in the first quarter. Horizon Investments LLC now owns 3,671 shares of the specialty chemicals company’s stock valued at $285,000 after acquiring an additional 172 shares in the last quarter. UMB Bank n.a. boosted its stake in International Flavors & Fragrances by 17.3% in the second quarter. UMB Bank n.a. now owns 1,290 shares of the specialty chemicals company’s stock valued at $95,000 after acquiring an additional 190 shares in the last quarter. Eastern Bank boosted its stake in International Flavors & Fragrances by 43.9% in the second quarter. Eastern Bank now owns 633 shares of the specialty chemicals company’s stock valued at $47,000 after acquiring an additional 193 shares in the last quarter. Finally, GM Advisory Group LLC boosted its stake in International Flavors & Fragrances by 2.6% in the first quarter. GM Advisory Group LLC now owns 7,952 shares of the specialty chemicals company’s stock valued at $617,000 after acquiring an additional 202 shares in the last quarter. Institutional investors and hedge funds own 96.02% of the company’s stock.
Insider Activity
In other news, Director Paul J. Fribourg purchased 15,450 shares of the business’s stock in a transaction that occurred on Thursday, August 7th. The stock was purchased at an average cost of $64.80 per share, with a total value of $1,001,160.00. Following the completion of the acquisition, the director directly owned 15,450 shares of the company’s stock, valued at approximately $1,001,160. This trade represents a ∞ increase in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CEO J Erik Fyrwald purchased 15,300 shares of the business’s stock in a transaction that occurred on Thursday, August 7th. The shares were purchased at an average cost of $64.95 per share, with a total value of $993,735.00. Following the completion of the acquisition, the chief executive officer directly owned 77,370 shares of the company’s stock, valued at $5,025,181.50. This represents a 24.65% increase in their ownership of the stock. The disclosure for this purchase can be found here. Corporate insiders own 0.17% of the company’s stock.
International Flavors & Fragrances Trading Up 2.0%
International Flavors & Fragrances (NYSE:IFF – Get Free Report) 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. The firm had revenue of $2.76 billion during the quarter, compared to analysts’ expectations of $2.69 billion. International Flavors & Fragrances had a negative net margin of 3.48% and a positive return on equity of 7.95%. The firm’s revenue for the quarter was down 4.3% on a year-over-year basis. During the same period in the prior year, the company posted $1.16 earnings per share. International Flavors & Fragrances has set its FY 2025 guidance at EPS. Equities research analysts expect that International Flavors & Fragrances Inc. will post 4.32 EPS for the current year.
International Flavors & Fragrances Dividend Announcement
The company also recently declared a quarterly dividend, which was paid on Friday, October 10th. Investors of record on Monday, September 29th were issued a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a yield of 2.5%. The ex-dividend date of this dividend was Monday, September 29th. International Flavors & Fragrances’s dividend payout ratio is currently -103.23%.
Wall Street Analysts Forecast Growth
IFF has been the subject of several research analyst reports. Morgan Stanley decreased their price objective on shares of International Flavors & Fragrances from $92.00 to $90.00 and set an “overweight” rating for the company in a research note on Monday, September 22nd. Mizuho reduced their target price on shares of International Flavors & Fragrances from $85.00 to $75.00 and set an “outperform” rating for the company in a report on Friday, October 3rd. BNP Paribas Exane reduced their target price on shares of International Flavors & Fragrances from $96.00 to $92.00 and set an “outperform” rating for the company in a report on Thursday, September 11th. Bank of America reduced their target price on shares of International Flavors & Fragrances from $84.00 to $80.00 and set a “buy” rating for the company in a report on Tuesday, October 14th. Finally, Wolfe Research raised shares of International Flavors & Fragrances from an “underperform” rating to a “peer perform” rating in a report on Monday, September 8th. Thirteen analysts have rated the stock with a Buy rating, four have assigned a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat.com, International Flavors & Fragrances currently has an average rating of “Moderate Buy” and an average price target of $86.07.
Get Our Latest Analysis on International Flavors & Fragrances
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.
Recommended Stories
- Five stocks we like better than International Flavors & Fragrances
- How to Use the MarketBeat Dividend Calculator
- JPMorgan Crushes Q3; But Is the Steady Eddy Stock Hitting A Wall?
- What Investors Must Know About Over-the-Counter (OTC) Stocks
- Snap-on Incorporated: Snap It Up Quick, New Highs Will Come Soon
- What Does a Gap Up Mean in Stocks? How to Play the Gap
- As Global Renewables Surpass Coal, This ETF Offers Smart Exposure
Want to see what other hedge funds are holding IFF? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for International Flavors & Fragrances Inc. (NYSE:IFF – Free Report).
Receive News & Ratings for International Flavors & Fragrances Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for International Flavors & Fragrances and related companies with MarketBeat.com's FREE daily email newsletter.