International Flavors & Fragrances Inc. $IFF Shares Purchased by Allspring Global Investments Holdings LLC

Allspring Global Investments Holdings LLC increased its position in shares of International Flavors & Fragrances Inc. (NYSE:IFF) by 32.2% in the 2nd quarter, HoldingsChannel.com reports. The firm owned 111,431 shares of the specialty chemicals company’s stock after acquiring an additional 27,166 shares during the period. Allspring Global Investments Holdings LLC’s holdings in International Flavors & Fragrances were worth $8,367,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. OFI Invest Asset Management raised its holdings in International Flavors & Fragrances by 7.6% during the second quarter. OFI Invest Asset Management now owns 212,203 shares of the specialty chemicals company’s stock worth $15,608,000 after purchasing an additional 14,983 shares during the last quarter. Vanguard Personalized Indexing Management LLC raised its holdings in shares of International Flavors & Fragrances by 33.6% in the second quarter. Vanguard Personalized Indexing Management LLC now owns 21,321 shares of the specialty chemicals company’s stock worth $1,568,000 after acquiring an additional 5,368 shares during the last quarter. Aberdeen Group plc raised its holdings in shares of International Flavors & Fragrances by 4.7% in the second quarter. Aberdeen Group plc now owns 236,024 shares of the specialty chemicals company’s stock worth $17,360,000 after acquiring an additional 10,658 shares during the last quarter. Eastern Bank raised its holdings in shares of International Flavors & Fragrances by 43.9% in the second quarter. Eastern Bank now owns 633 shares of the specialty chemicals company’s stock worth $47,000 after acquiring an additional 193 shares during the last quarter. Finally, Blue Trust Inc. raised its holdings in shares of International Flavors & Fragrances by 7.6% in the second quarter. Blue Trust Inc. now owns 2,184 shares of the specialty chemicals company’s stock worth $161,000 after acquiring an additional 155 shares during the last quarter. 96.02% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at International Flavors & Fragrances

In other news, Director Paul J. Fribourg purchased 15,450 shares of the stock in a transaction on Thursday, August 7th. The stock was purchased 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 owned 15,450 shares in the company, valued at approximately $1,001,160. The trade was a ∞ increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO J Erik Fyrwald purchased 15,300 shares of the stock in a transaction on Thursday, August 7th. The shares were purchased at an average cost of $64.95 per share, with a total value 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 position. The disclosure for this purchase can be found here. 0.17% of the stock is currently owned by insiders.

International Flavors & Fragrances Price Performance

Shares of NYSE:IFF opened at $63.84 on Monday. The company has a market cap of $16.36 billion, a P/E ratio of -41.19, a P/E/G ratio of 2.57 and a beta of 1.07. The company has a quick ratio of 1.12, a current ratio of 1.86 and a debt-to-equity ratio of 0.39. International Flavors & Fragrances Inc. has a 52 week low of $59.14 and a 52 week high of $105.03. The business has a fifty day simple moving average of $64.00 and a 200-day simple moving average of $71.00.

International Flavors & Fragrances (NYSE:IFF) last announced its quarterly earnings data on Tuesday, August 5th. The specialty chemicals company reported $1.15 EPS for the quarter, beating analysts’ consensus estimates 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 business had revenue of $2.76 billion during the quarter, compared to the consensus estimate of $2.69 billion. During the same quarter in the previous year, the business earned $1.16 earnings per share. The business’s revenue for the quarter was down 4.3% on a year-over-year basis. International Flavors & Fragrances has set its FY 2025 guidance at EPS. Equities research analysts forecast that International Flavors & Fragrances Inc. will post 4.32 EPS for the current year.

International Flavors & Fragrances Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, October 10th. Shareholders of record on Monday, September 29th were given a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a yield of 2.5%. The ex-dividend date of this dividend was Monday, September 29th. International Flavors & Fragrances’s payout ratio is -103.23%.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on IFF. UBS Group cut their price target 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. Barclays cut their price target on International Flavors & Fragrances from $78.00 to $72.00 and set an “overweight” rating for the company in a report on Friday, October 10th. Wolfe Research raised International Flavors & Fragrances from an “underperform” rating to a “peer perform” rating in a report on Monday, September 8th. Morgan Stanley lowered their price objective on International Flavors & Fragrances from $92.00 to $90.00 and set an “overweight” rating for the company in a research report on Monday, September 22nd. Finally, BNP Paribas lowered their price objective on International Flavors & Fragrances from $92.00 to $91.00 in a research report on Monday, September 29th. Thirteen research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and two have issued a Sell rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $86.07.

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.