Strengthening Families & Communities LLC Sells 415 Shares of International Flavors & Fragrances Inc. $IFF

Strengthening Families & Communities LLC lessened its stake in shares of International Flavors & Fragrances Inc. (NYSE:IFF) by 30.0% in the second quarter, Holdings Channel reports. The institutional investor owned 969 shares of the specialty chemicals company’s stock after selling 415 shares during the period. Strengthening Families & Communities LLC’s holdings in International Flavors & Fragrances were worth $75,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in IFF. Banque Transatlantique SA bought a new position in International Flavors & Fragrances during the 1st quarter valued at approximately $32,000. American National Bank & Trust increased its position in 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 in the last quarter. Zions Bancorporation National Association UT bought a new position in International Flavors & Fragrances during the 1st quarter valued at approximately $42,000. Geneos Wealth Management Inc. increased its position in International Flavors & Fragrances by 55.7% during the 1st quarter. Geneos Wealth Management Inc. now owns 587 shares of the specialty chemicals company’s stock valued at $46,000 after buying an additional 210 shares in the last quarter. Finally, Mather Group LLC. increased its position in International Flavors & Fragrances by 179.9% during the 1st quarter. Mather Group LLC. now owns 655 shares of the specialty chemicals company’s stock valued at $51,000 after buying an additional 421 shares in the last quarter. Institutional investors own 96.02% of the company’s stock.

Analyst Ratings Changes

A number of analysts have commented on IFF shares. Citigroup reduced their target price on International Flavors & Fragrances from $82.00 to $75.00 and set a “buy” rating for the company in a report on Monday, October 6th. Tigress Financial reissued a “buy” rating and issued a $105.00 target price on shares of International Flavors & Fragrances in a report on Tuesday, August 26th. BNP Paribas Exane reduced their target price on International Flavors & Fragrances from $96.00 to $92.00 and set an “outperform” rating for the company in a report on Thursday, September 11th. UBS Group reduced their target price on International Flavors & Fragrances from $71.00 to $66.00 and set a “neutral” rating for the company in a report on Monday, October 6th. Finally, Barclays reduced their target price on International Flavors & Fragrances from $84.00 to $78.00 and set an “overweight” rating for the company in a report on Friday, August 8th. Thirteen research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat, International Flavors & Fragrances presently has a consensus rating of “Moderate Buy” and a consensus target price of $87.57.

International Flavors & Fragrances Stock Performance

Shares of IFF opened at $59.59 on Friday. The company has a debt-to-equity ratio of 0.39, a current ratio of 1.86 and a quick ratio of 1.12. International Flavors & Fragrances Inc. has a one year low of $59.14 and a one year high of $106.77. The firm has a market capitalization of $15.27 billion, a P/E ratio of -38.45, a PEG ratio of 2.61 and a beta of 1.07. The business has a fifty day moving average of $64.49 and a 200 day moving average of $71.63.

International Flavors & Fragrances (NYSE:IFF) last issued its quarterly earnings data 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. International Flavors & Fragrances had a positive return on equity of 7.95% and a negative net margin of 3.48%.The company had revenue of $2.76 billion during the quarter, compared to analyst estimates of $2.69 billion. During the same quarter in the previous year, the company posted $1.16 earnings per share. International Flavors & Fragrances’s revenue was down 4.3% compared to the same quarter last year. International Flavors & Fragrances has set its FY 2025 guidance at EPS. As a group, sell-side analysts anticipate that International Flavors & Fragrances Inc. will post 4.32 EPS for the current year.

International Flavors & Fragrances Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, October 10th. Investors of record on Monday, September 29th were given a dividend of $0.40 per share. The ex-dividend date was Monday, September 29th. This represents a $1.60 annualized dividend and a yield of 2.7%. International Flavors & Fragrances’s payout ratio is -103.23%.

Insider Buying and Selling at International Flavors & Fragrances

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

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.