Resona Asset Management Co. Ltd. Buys 5,962 Shares of International Flavors & Fragrances Inc. $IFF

Resona Asset Management Co. Ltd. raised its stake in shares of International Flavors & Fragrances Inc. (NYSE:IFF) by 7.4% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 87,001 shares of the specialty chemicals company’s stock after purchasing an additional 5,962 shares during the period. Resona Asset Management Co. Ltd.’s holdings in International Flavors & Fragrances were worth $6,410,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also modified their holdings of the company. Charles Schwab Investment Management Inc. grew its position in International Flavors & Fragrances by 2.1% in 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 during the last quarter. Dodge & Cox lifted its stake in shares of International Flavors & Fragrances by 7.4% in the first quarter. Dodge & Cox now owns 33,774,607 shares of the specialty chemicals company’s stock valued at $2,621,247,000 after buying an additional 2,336,844 shares during the period. Allspring Global Investments Holdings LLC grew its position in International Flavors & Fragrances by 32.2% during the second quarter. Allspring Global Investments Holdings LLC now owns 111,431 shares of the specialty chemicals company’s stock worth $8,367,000 after buying an additional 27,166 shares in the last quarter. Compagnie Lombard Odier SCmA increased its stake in International Flavors & Fragrances by 23.0% during the second quarter. Compagnie Lombard Odier SCmA now owns 131,645 shares of the specialty chemicals company’s stock valued at $9,682,000 after acquiring an additional 24,607 shares during the period. Finally, Inspire Trust Co. N.A. acquired a new position in International Flavors & Fragrances in the 1st quarter valued at approximately $2,328,000. 96.02% of the stock is currently owned by institutional investors and hedge funds.

International Flavors & Fragrances Price Performance

Shares of IFF stock opened at $61.87 on Monday. International Flavors & Fragrances Inc. has a 52 week low of $59.14 and a 52 week high of $93.08. The stock has a market capitalization of $15.85 billion, a PE ratio of -39.92, a PEG ratio of 2.54 and a beta of 1.04. The company has a debt-to-equity ratio of 0.39, a quick ratio of 1.12 and a current ratio of 1.86. The stock’s fifty day moving average is $63.31 and its 200-day moving average is $70.12.

International Flavors & Fragrances (NYSE:IFF) last released its quarterly earnings results 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 positive return on equity of 7.95% and a negative net margin of 3.48%.The business had revenue of $2.69 billion during the quarter, compared to analysts’ expectations of $2.65 billion. During the same period in the previous year, the business posted $1.04 earnings per share. The firm’s revenue for the quarter was down 7.9% compared to the same quarter last year. 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 fiscal year.

International Flavors & Fragrances Dividend Announcement

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

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on the company. BNP Paribas Exane decreased 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 reduced their target price on International Flavors & Fragrances from $85.00 to $75.00 and set an “outperform” rating for the company in a research report on Friday, October 3rd. Oppenheimer lowered shares of International Flavors & Fragrances from an “outperform” rating to a “market perform” rating in a report on Thursday, August 7th. Berenberg Bank reduced their price objective on shares of International Flavors & Fragrances from $78.80 to $78.30 and set a “hold” rating for the company in a report on Monday, September 29th. Finally, Morgan Stanley decreased 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 research report on Monday, September 22nd. Twelve investment analysts have rated the stock with a Buy rating, four have issued a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $85.02.

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.