GRIMES & Co WEALTH MANAGEMENT LLC Purchases 10,043 Shares of International Flavors & Fragrances Inc. $IFF

GRIMES & Co WEALTH MANAGEMENT LLC acquired a new stake in shares of International Flavors & Fragrances Inc. (NYSE:IFF) in the third quarter, HoldingsChannel reports. The fund acquired 10,043 shares of the specialty chemicals company’s stock, valued at approximately $838,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. BlackRock Inc. acquired a new position in International Flavors & Fragrances in the second quarter worth approximately $1,835,955,000. Nykredit A S acquired a new stake in International Flavors & Fragrances in the second quarter valued at approximately $223,065,000. Bank of America Corp DE bought a new stake in International Flavors & Fragrances in the second quarter worth approximately $131,760,000. Dimensional Fund Advisors LP grew its position in International Flavors & Fragrances by 8.9% in the first quarter. Dimensional Fund Advisors LP now owns 1,809,090 shares of the specialty chemicals company’s stock worth $131,222,000 after acquiring an additional 147,896 shares in the last quarter. Finally, Bank of New York Mellon Corp acquired a new position in shares of International Flavors & Fragrances during the 2nd quarter worth $122,792,000. 96.02% of the stock is owned by hedge funds and other institutional investors.

Key Stories Impacting International Flavors & Fragrances

Here are the key news stories impacting International Flavors & Fragrances this week:

• Positive Sentiment: Third-quarter revenue of $1.94 billion and adjusted EPS of $0.83 topped analyst estimates of $1.91 billion and $0.81. Revenue grew 3.9% year over year, with Taste and Scent cited as areas of strength. IFF also raised its full-year 2026 guidance. Article: IFF Earnings Beat Estimates in Q3 on Taste & Scent Strength
• Neutral Sentiment: JPMorgan and Bank of America are preparing a $2.4 billion debt sale connected to CVC’s IFF deal. The report points to financing activity around the transaction, but does not specify a direct effect on IFF’s operating results. Article: JPMorgan, BofA Prepare $2.4 Billion Debt Sale for CVC’s IFF Deal
• Negative Sentiment: Despite the adjusted earnings beat, EPS was below the $1.05 reported a year earlier, and IFF swung to a reported quarterly loss. Reports highlighted a soft near-term outlook and rising costs, including concerns about fourth-quarter profitability. This helps explain why investors may have focused more on margin and outlook risks than on the quarterly beat. Article: IFF shares fall on soft 2026 guidance despite Q3 beat

Insider Activity

In other International Flavors & Fragrances news, insider De Mendonca Ana Paula Teles sold 5,718 shares of the company’s stock in a transaction that occurred on Monday, August 17th. The shares were sold at an average price of $83.19, for a total value of $475,680.42. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CAO Marc Birenkrant sold 1,000 shares of International Flavors & Fragrances stock in a transaction dated Friday, August 7th. The shares were sold at an average price of $85.00, for a total value of $85,000.00. Following the transaction, the chief accounting officer owned 3,446 shares in the company, valued at $292,910. This trade represents a 22.49% decrease in their position. The disclosure for this sale is available in the SEC filing. 1.07% of the stock is currently owned by insiders.

International Flavors & Fragrances Stock Performance

Shares of NYSE:IFF opened at $87.47 on Thursday. The stock has a market capitalization of $22.32 billion, a price-to-earnings ratio of 123.19, a price-to-earnings-growth ratio of 3.96 and a beta of 0.86. The business’s fifty day moving average price is $87.19 and its two-hundred day moving average price is $78.85. International Flavors & Fragrances Inc. has a fifty-two week low of $61.72 and a fifty-two week high of $95.27. The company has a debt-to-equity ratio of 0.34, a current ratio of 2.06 and a quick ratio of 1.72.

International Flavors & Fragrances (NYSE:IFF) last issued its quarterly earnings data on Tuesday, November 3rd. The specialty chemicals company reported $0.83 earnings per share for the quarter, topping the consensus estimate of $0.81 by $0.02. International Flavors & Fragrances had a net margin of 1.97% and a return on equity of 6.72%. The firm had revenue of $1.94 billion for the quarter, compared to analysts’ expectations of $1.91 billion. During the same period in the prior year, the firm earned $1.05 earnings per share. The company’s quarterly revenue was up 3.9% compared to the same quarter last year. As a group, analysts predict that International Flavors & Fragrances Inc. will post 3.24 EPS for the current fiscal year.

International Flavors & Fragrances declared that its board has approved a share buyback plan on Tuesday, August 4th that authorizes the company to repurchase $2.50 billion in outstanding shares. This repurchase authorization authorizes the specialty chemicals company to reacquire up to 12.1% of its shares through open market purchases. Share repurchase plans are typically a sign that the company’s board of directors believes its shares are undervalued.

International Flavors & Fragrances Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, January 13th. Stockholders of record on Saturday, December 19th will be given a $0.40 dividend. This represents a $1.60 annualized dividend and a dividend yield of 1.8%. The ex-dividend date is Friday, December 18th. International Flavors & Fragrances’s dividend payout ratio (DPR) is currently 146.79%.

Analysts Set New Price Targets

A number of research firms have recently weighed in on IFF. Citigroup cut their price target on shares of International Flavors & Fragrances from $101.00 to $100.00 and set a “buy” rating on the stock in a report on Wednesday, October 7th. Zacks Research upgraded International Flavors & Fragrances from a “hold” rating to a “strong-buy” rating in a report on Tuesday, October 20th. Vertical Research cut International Flavors & Fragrances from a “buy” rating to a “hold” rating and set a $93.00 price target for the company. in a research report on Thursday, August 6th. Benchmark upped their price target on International Flavors & Fragrances from $100.00 to $105.00 and gave the stock a “buy” rating in a research note on Thursday, August 6th. Finally, KeyCorp initiated coverage on International Flavors & Fragrances in a research note on Thursday, September 10th. They issued a “sector weight” rating on the stock. One investment analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating and six have given a Hold rating to the company. Based on data from MarketBeat, International Flavors & Fragrances has an average rating of “Moderate Buy” and an average target price of $94.28.

International Flavors & Fragrances Profile

International Flavors & Fragrances Inc (NYSE:IFF) develops and manufactures ingredients, flavor systems, fragrances and specialty solutions used in consumer and industrial products. Its offerings support food and beverage manufacturers, fragrance and personal care companies, household-product makers, pharmaceutical businesses and other customers.

The company’s portfolio includes flavors for beverages, dairy products, sweet goods, savory foods and other applications; fragrances for fine fragrance, personal care and home care products; and functional ingredients, enzymes, cultures, natural extracts and other specialty materials.