International Flavors & Fragrances Inc. $IFF Stock Position Lifted by Vanguard Group Inc.

Vanguard Group Inc. lifted its position in International Flavors & Fragrances Inc. (NYSE:IFF) by 1.6% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 30,880,203 shares of the specialty chemicals company’s stock after acquiring an additional 490,163 shares during the quarter. Vanguard Group Inc. owned 12.05% of International Flavors & Fragrances worth $2,271,239,000 as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in IFF. First Eagle Investment Management LLC boosted its holdings in shares of International Flavors & Fragrances by 122.1% in the 2nd quarter. First Eagle Investment Management LLC now owns 5,441,094 shares of the specialty chemicals company’s stock valued at $400,192,000 after buying an additional 2,991,405 shares during the period. Dodge & Cox raised its position 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 during the period. Nuveen LLC bought a new stake in shares of International Flavors & Fragrances in the 1st quarter worth approximately $57,324,000. Invesco Ltd. boosted its position in 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 valued at $232,243,000 after purchasing an additional 397,327 shares during the period. Finally, Alyeska Investment Group L.P. increased its position in International Flavors & Fragrances by 63.5% in the first quarter. Alyeska Investment Group L.P. now owns 929,069 shares of the specialty chemicals company’s stock worth $72,105,000 after buying an additional 360,870 shares during the period. Institutional investors and hedge funds own 96.02% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have recently commented on IFF. Berenberg Bank lowered their price target on shares of International Flavors & Fragrances from $78.80 to $78.30 and set a “hold” rating for the company in a research report on Monday, September 29th. Mizuho decreased 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 research report on Friday, October 3rd. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of International Flavors & Fragrances in a report on Thursday. Morgan Stanley lowered their target price on 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. Finally, Bank of America decreased their price target on International Flavors & Fragrances from $84.00 to $80.00 and set a “buy” rating for the company in a research note on Tuesday, October 14th. Twelve 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 company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $85.02.

International Flavors & Fragrances Stock Performance

Shares of NYSE IFF opened at $67.45 on Friday. International Flavors & Fragrances Inc. has a 1 year low of $59.14 and a 1 year high of $91.65. The firm has a market cap of $17.27 billion, a P/E ratio of -43.52, a PEG ratio of 2.54 and a beta of 1.04. The stock has a fifty day moving average price of $63.24 and a two-hundred day moving average price of $69.38. The company has a debt-to-equity ratio of 0.39, a quick ratio of 1.12 and a current ratio of 1.86.

International Flavors & Fragrances (NYSE:IFF) last announced its earnings results on Tuesday, November 4th. The specialty chemicals company reported $1.05 earnings per share for the quarter, beating the consensus estimate 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 quarter last year, the business posted $1.04 earnings per share. The company’s quarterly revenue was down 7.9% on a year-over-year basis. International Flavors & Fragrances has set its FY 2025 guidance at EPS. Research analysts forecast that International Flavors & Fragrances Inc. will post 4.32 EPS for the current fiscal year.

International Flavors & Fragrances Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, January 9th. Investors of record on Friday, December 19th will be issued a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a yield of 2.4%. The ex-dividend date is Friday, December 19th. International Flavors & Fragrances’s dividend payout ratio (DPR) is presently -98.77%.

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.