Addison Capital Co Lowers Stock Position in International Flavors & Fragrances Inc. $IFF

Addison Capital Co cut its position in shares of International Flavors & Fragrances Inc. (NYSE:IFF) by 5.9% during the 1st quarter, Holdings Channel reports. The firm owned 3,551 shares of the specialty chemicals company’s stock after selling 224 shares during the quarter. Addison Capital Co’s holdings in International Flavors & Fragrances were worth $276,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in IFF. Banque Transatlantique SA purchased a new position in shares of International Flavors & Fragrances in the 1st quarter worth approximately $32,000. Zions Bancorporation National Association UT bought a new stake in International Flavors & Fragrances during the first quarter worth $42,000. Geneos Wealth Management Inc. lifted its holdings in International Flavors & Fragrances by 55.7% during 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. Mather Group LLC. boosted its position in International Flavors & Fragrances by 179.9% in the first quarter. Mather Group LLC. now owns 655 shares of the specialty chemicals company’s stock worth $51,000 after purchasing an additional 421 shares during the last quarter. Finally, Smallwood Wealth Investment Management LLC bought a new position in International Flavors & Fragrances in the 1st quarter valued at $77,000. Hedge funds and other institutional investors own 96.02% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on the company. Wolfe Research upgraded International Flavors & Fragrances from an “underperform” rating to a “peer perform” rating in a research note on Monday. UBS Group dropped their target price on shares of International Flavors & Fragrances from $83.00 to $79.00 and set a “neutral” rating on the stock in a research note on Wednesday, August 6th. Barclays reduced their target price on shares of International Flavors & Fragrances from $84.00 to $78.00 and set an “overweight” rating for the company in a research report on Friday, August 8th. Tigress Financial reaffirmed a “buy” rating and issued a $105.00 price target on shares of International Flavors & Fragrances in a report on Tuesday, August 26th. Finally, Oppenheimer lowered International Flavors & Fragrances from an “outperform” rating to a “market perform” rating in a report on Thursday, August 7th. Twelve investment analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $92.36.

International Flavors & Fragrances Stock Performance

Shares of IFF stock opened at $64.46 on Thursday. The firm’s 50 day moving average is $70.13 and its 200 day moving average is $74.35. The stock has a market capitalization of $16.52 billion, a P/E ratio of -41.59, a PEG ratio of 2.82 and a beta of 1.07. International Flavors & Fragrances Inc. has a 12 month low of $62.33 and a 12 month high of $106.77. 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 issued its earnings results on Tuesday, August 5th. The specialty chemicals company reported $1.15 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.11 by $0.04. 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 $2.76 billion for the quarter, compared to analysts’ expectations of $2.69 billion. During the same quarter in the previous year, the firm posted $1.16 EPS. The business’s revenue for the quarter was down 4.3% compared to the same quarter last year. International Flavors & Fragrances has set its FY 2025 guidance at EPS. On average, sell-side analysts anticipate 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 announced a quarterly dividend, which will be paid on Friday, October 10th. Shareholders of record on Monday, September 29th will be paid a $0.40 dividend. The ex-dividend date is Monday, September 29th. This represents a $1.60 annualized dividend and a yield of 2.5%. International Flavors & Fragrances’s dividend payout ratio (DPR) is currently -103.23%.

Insider Transactions at International Flavors & Fragrances

In other news, Director Paul J. Fribourg acquired 15,450 shares of the business’s stock in a transaction dated Thursday, August 7th. The stock was bought at an average cost of $64.80 per share, for a total transaction of $1,001,160.00. Following the completion of the transaction, the director owned 15,450 shares of the company’s stock, valued at $1,001,160. The trade was a ∞ increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, CEO J Erik Fyrwald bought 15,300 shares of the firm’s stock in a transaction that occurred on Thursday, August 7th. The shares were purchased at an average cost of $64.95 per share, for a total transaction of $993,735.00. Following the acquisition, the chief executive officer directly owned 77,370 shares in the company, valued at $5,025,181.50. This trade represents a 24.65% increase in their position. The disclosure for this purchase can be found here. 0.20% of the stock is owned by insiders.

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.