Bank of Montreal Can Purchases 59,138 Shares of International Flavors & Fragrances Inc. $IFF

Bank of Montreal Can boosted its position in International Flavors & Fragrances Inc. (NYSE:IFF) by 35.2% in the 2nd quarter, Holdings Channel reports. The institutional investor owned 227,300 shares of the specialty chemicals company’s stock after purchasing an additional 59,138 shares during the period. Bank of Montreal Can’s holdings in International Flavors & Fragrances were worth $16,718,000 at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in IFF. Dodge & Cox boosted its stake in shares of International Flavors & Fragrances by 7.4% in the 1st quarter. Dodge & Cox now owns 33,774,607 shares of the specialty chemicals company’s stock valued at $2,621,247,000 after purchasing an additional 2,336,844 shares in the last quarter. Vanguard Group Inc. lifted its stake in International Flavors & Fragrances by 0.6% in the first 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 during the last quarter. First Pacific Advisors LP boosted its position in International Flavors & Fragrances by 1.2% during the second quarter. First Pacific Advisors LP now owns 4,111,527 shares of the specialty chemicals company’s stock valued at $302,403,000 after buying an additional 49,452 shares during the period. Invesco Ltd. grew its stake in shares of International Flavors & Fragrances by 15.3% during the first quarter. Invesco Ltd. now owns 2,992,437 shares of the specialty chemicals company’s stock valued at $232,243,000 after buying an additional 397,327 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. increased its holdings in shares of International Flavors & Fragrances by 2.1% in 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 buying an additional 32,005 shares during the period. 96.02% of the stock is owned by hedge funds and other institutional investors.

International Flavors & Fragrances Price Performance

Shares of International Flavors & Fragrances stock opened at $61.87 on Friday. The business has a 50 day moving average of $63.31 and a 200 day moving average of $70.19. International Flavors & Fragrances Inc. has a 52 week low of $59.14 and a 52 week high of $93.08. The company has a market cap of $15.86 billion, a PE ratio of -39.92, a P/E/G ratio of 2.54 and a beta of 1.04. 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 (NYSE:IFF) last issued its quarterly earnings data on Tuesday, November 4th. The specialty chemicals company reported $1.05 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.02 by $0.03. International Flavors & Fragrances had a negative net margin of 3.48% and a positive return on equity of 7.95%. The business had revenue of $2.69 billion for the quarter, compared to the consensus estimate of $2.65 billion. During the same period in the previous year, the firm earned $1.04 EPS. The company’s quarterly revenue was down 7.9% compared to the same quarter last year. International Flavors & Fragrances has set its FY 2025 guidance at EPS. As a group, equities research analysts forecast that International Flavors & Fragrances Inc. will post 4.32 earnings per share for the current year.

International Flavors & Fragrances Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, January 9th. Investors of record on Friday, December 19th will be paid a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a yield of 2.6%. The ex-dividend date of this dividend is Friday, December 19th. International Flavors & Fragrances’s dividend payout ratio is presently -98.77%.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on IFF shares. UBS Group increased their target price on International Flavors & Fragrances from $66.00 to $68.00 and gave the company a “neutral” rating in a report on Thursday. Weiss Ratings reissued a “sell (d)” rating on shares of International Flavors & Fragrances in a research note on Friday, October 31st. Morgan Stanley cut their target price on shares of International Flavors & Fragrances from $92.00 to $90.00 and set an “overweight” rating on the stock in a report on Monday, September 22nd. Bank of America lowered their price target 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, BNP Paribas Exane cut their price target on shares of International Flavors & Fragrances from $96.00 to $92.00 and set an “outperform” rating on the stock in a report on Thursday, September 11th. Twelve analysts have rated the stock with a Buy rating, four have issued a Hold rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat, International Flavors & Fragrances currently has a consensus rating of “Moderate Buy” and a consensus price target of $85.02.

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.