Hedges Asset Management LLC Lowers Stock Holdings in International Flavors & Fragrances Inc. $IFF

Hedges Asset Management LLC trimmed its position in shares of International Flavors & Fragrances Inc. (NYSE:IFF) by 5.1% in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 11,200 shares of the specialty chemicals company’s stock after selling 600 shares during the quarter. Hedges Asset Management LLC’s holdings in International Flavors & Fragrances were worth $824,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently bought and sold shares of IFF. D. E. Shaw & Co. Inc. raised its position in International Flavors & Fragrances by 287.9% in the 4th quarter. D. E. Shaw & Co. Inc. now owns 72,243 shares of the specialty chemicals company’s stock valued at $6,108,000 after purchasing an additional 53,620 shares in the last quarter. Focus Partners Wealth acquired a new stake in International Flavors & Fragrances in the 4th quarter valued at about $521,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in International Flavors & Fragrances by 2.8% in the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 24,980 shares of the specialty chemicals company’s stock valued at $2,112,000 after purchasing an additional 669 shares in the last quarter. OMERS ADMINISTRATION Corp raised its position in International Flavors & Fragrances by 20.2% in the 4th quarter. OMERS ADMINISTRATION Corp now owns 10,691 shares of the specialty chemicals company’s stock valued at $904,000 after purchasing an additional 1,799 shares in the last quarter. Finally, Nomura Holdings Inc. acquired a new stake in International Flavors & Fragrances in the 4th quarter valued at about $713,000. 96.02% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at International Flavors & Fragrances

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

Analyst Ratings Changes

IFF has been the topic of a number of analyst reports. Wolfe Research raised International Flavors & Fragrances from an “underperform” rating to a “peer perform” rating in a research report on Monday, September 8th. Barclays reduced their price target on International Flavors & Fragrances from $84.00 to $78.00 and set an “overweight” rating on the stock 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 research report on Tuesday, August 26th. UBS Group cut their target price on International Flavors & Fragrances from $83.00 to $79.00 and set a “neutral” rating on the stock in a research report on Wednesday, August 6th. Finally, Oppenheimer lowered International Flavors & Fragrances from an “outperform” rating to a “market perform” rating in a research report on Thursday, August 7th. Twelve research 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.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $92.36.

International Flavors & Fragrances Price Performance

Shares of NYSE IFF opened at $65.68 on Friday. The firm has a market capitalization of $16.83 billion, a PE ratio of -42.37, a price-to-earnings-growth ratio of 2.87 and a beta of 1.07. International Flavors & Fragrances Inc. has a fifty-two week low of $62.33 and a fifty-two week high of $106.77. The stock’s 50-day simple moving average is $69.71 and its 200-day simple moving average is $74.11. 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 released its quarterly earnings results on Tuesday, August 5th. The specialty chemicals company reported $1.15 EPS for the quarter, topping the consensus estimate of $1.11 by $0.04. The company had revenue of $2.76 billion for the quarter, compared to analyst estimates of $2.69 billion. International Flavors & Fragrances had a positive return on equity of 7.95% and a negative net margin of 3.48%.The firm’s revenue was down 4.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.16 earnings per share. International Flavors & Fragrances has set its FY 2025 guidance at EPS. As a group, equities research analysts forecast that International Flavors & Fragrances Inc. will post 4.32 EPS for the current fiscal year.

International Flavors & Fragrances Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, October 10th. Shareholders of record on Monday, September 29th will be given a dividend of $0.40 per share. The ex-dividend date of this dividend is Monday, September 29th. This represents a $1.60 annualized dividend and a yield of 2.4%. International Flavors & Fragrances’s payout ratio is -103.23%.

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.