National Pension Service Increases Stock Position in International Flavors & Fragrances Inc. $IFF

National Pension Service lifted its stake in International Flavors & Fragrances Inc. (NYSE:IFF) by 0.6% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 445,594 shares of the specialty chemicals company’s stock after acquiring an additional 2,772 shares during the quarter. National Pension Service’s holdings in International Flavors & Fragrances were worth $32,773,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Banque Transatlantique SA bought a new stake in International Flavors & Fragrances in the 1st quarter worth approximately $32,000. American National Bank & Trust lifted its holdings in shares of International Flavors & Fragrances by 11,975.0% during the 2nd quarter. American National Bank & Trust now owns 483 shares of the specialty chemicals company’s stock valued at $36,000 after buying an additional 479 shares during the period. Zions Bancorporation National Association UT purchased a new position in shares of International Flavors & Fragrances in the 1st quarter worth $42,000. Geneos Wealth Management Inc. grew its holdings in shares of International Flavors & Fragrances by 55.7% in the first quarter. Geneos Wealth Management Inc. now owns 587 shares of the specialty chemicals company’s stock worth $46,000 after acquiring an additional 210 shares during the period. Finally, Eastern Bank increased its position in International Flavors & Fragrances by 43.9% during 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 during the last quarter. Institutional investors own 96.02% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have issued reports on IFF. Wolfe Research raised International Flavors & Fragrances from an “underperform” rating to a “peer perform” rating in a research report on Monday, September 8th. Barclays increased their price objective on shares of International Flavors & Fragrances from $72.00 to $75.00 and gave the stock an “overweight” rating in a research note on Friday, November 7th. BNP Paribas Exane dropped their price objective 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. Berenberg Bank reduced their target price 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, Tigress Financial reiterated a “buy” rating and set a $105.00 price target on shares of International Flavors & Fragrances in a research note on Tuesday, August 26th. Twelve investment analysts have rated the stock with a Buy rating, four have assigned a Hold rating and two have given a Sell rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $85.02.

International Flavors & Fragrances Trading Down 2.3%

International Flavors & Fragrances stock opened at $65.88 on Friday. International Flavors & Fragrances Inc. has a 12-month low of $59.14 and a 12-month high of $91.65. The firm has a market capitalization of $16.87 billion, a price-to-earnings ratio of -42.50, a P/E/G ratio of 2.54 and a beta of 1.04. The firm has a 50 day moving average of $63.22 and a 200 day moving average of $69.82. The company has a current ratio of 1.86, a quick ratio of 1.12 and a debt-to-equity ratio of 0.39.

International Flavors & Fragrances (NYSE:IFF) last posted its quarterly earnings results on Tuesday, November 4th. The specialty chemicals company reported $1.05 earnings per share for the quarter, topping analysts’ consensus estimates of $1.02 by $0.03. The business had revenue of $2.69 billion during the quarter, compared to analyst estimates of $2.65 billion. International Flavors & Fragrances had a negative net margin of 3.48% and a positive return on equity of 7.95%. The company’s revenue was down 7.9% on a year-over-year basis. During the same period in the prior year, the business posted $1.04 earnings per share. International Flavors & Fragrances has set its FY 2025 guidance at EPS. As a group, research analysts predict that International Flavors & Fragrances Inc. will post 4.32 earnings per share for the current year.

International Flavors & Fragrances Dividend Announcement

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

About International Flavors & Fragrances

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.