Private Management Group Inc. Lowers Stock Position in International Flavors & Fragrances Inc. $IFF

Private Management Group Inc. cut its stake in shares of International Flavors & Fragrances Inc. (NYSE:IFF) by 6.5% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 37,823 shares of the specialty chemicals company’s stock after selling 2,642 shares during the quarter. Private Management Group Inc.’s holdings in International Flavors & Fragrances were worth $2,782,000 at the end of the most recent reporting period.

Several other large investors have also added to or reduced their stakes in IFF. Charles Schwab Investment Management Inc. increased its stake in International Flavors & Fragrances by 2.1% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 1,577,723 shares of the specialty chemicals company’s stock worth $122,447,000 after buying an additional 32,005 shares in the last quarter. Dodge & Cox grew its position in shares of International Flavors & Fragrances by 7.4% during the first 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 in the last quarter. Allspring Global Investments Holdings LLC raised its stake in International Flavors & Fragrances by 32.2% during the 2nd quarter. Allspring Global Investments Holdings LLC now owns 111,431 shares of the specialty chemicals company’s stock valued at $8,367,000 after purchasing an additional 27,166 shares during the period. Compagnie Lombard Odier SCmA lifted its holdings in International Flavors & Fragrances by 23.0% in the 2nd quarter. Compagnie Lombard Odier SCmA now owns 131,645 shares of the specialty chemicals company’s stock worth $9,682,000 after purchasing an additional 24,607 shares in the last quarter. Finally, Inspire Trust Co. N.A. bought a new position in International Flavors & Fragrances in the 1st quarter worth approximately $2,328,000. Hedge funds and other institutional investors own 96.02% of the company’s stock.

Analysts Set New Price Targets

Several research firms have recently commented on IFF. Wolfe Research raised shares of International Flavors & Fragrances from an “underperform” rating to a “peer perform” rating in a report on Monday, September 8th. Morgan Stanley dropped their price objective on shares of International Flavors & Fragrances from $92.00 to $90.00 and set an “overweight” rating for the company in a report on Monday, September 22nd. Citigroup reduced their target price on International Flavors & Fragrances from $82.00 to $75.00 and set a “buy” rating on the stock in a report on Monday, October 6th. BNP Paribas dropped their price target on International Flavors & Fragrances from $92.00 to $91.00 in a research note on Monday, September 29th. Finally, Bank of America decreased their price objective on International Flavors & Fragrances from $84.00 to $80.00 and set a “buy” rating on the stock in a report on Tuesday, October 14th. Twelve analysts have rated the stock with a Buy rating, four have issued 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 Trading Up 4.5%

IFF stock opened at $67.45 on Friday. International Flavors & Fragrances Inc. has a twelve month low of $59.14 and a twelve month high of $91.65. The stock has a market capitalization of $17.27 billion, a price-to-earnings ratio of -43.52, a price-to-earnings-growth ratio of 2.54 and a beta of 1.04. The company has a quick ratio of 1.12, a current ratio of 1.86 and a debt-to-equity ratio of 0.39. The firm’s fifty day simple moving average is $63.24 and its two-hundred day simple moving average is $69.31.

International Flavors & Fragrances (NYSE:IFF) last released its quarterly earnings results on Tuesday, November 4th. The specialty chemicals company reported $1.05 EPS for the quarter, topping analysts’ consensus estimates of $1.02 by $0.03. International Flavors & Fragrances had a negative net margin of 3.48% and a positive return on equity of 7.95%. The firm had revenue of $2.69 billion during the quarter, compared to analysts’ expectations of $2.65 billion. During the same period in the previous year, the company earned $1.04 EPS. The firm’s revenue for the quarter was down 7.9% compared to the same quarter last year. International Flavors & Fragrances has set its FY 2025 guidance at EPS. As a group, analysts anticipate 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. Investors of record on Friday, December 19th will be paid a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a dividend yield of 2.4%. The ex-dividend date of this dividend is Friday, December 19th. International Flavors & Fragrances’s dividend payout ratio (DPR) is currently -98.77%.

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.