Bay Colony Advisory Group Inc d b a Bay Colony Advisors Has $2.61 Million Holdings in International Flavors & Fragrances Inc. $IFF

Bay Colony Advisory Group Inc d b a Bay Colony Advisors lowered its stake in International Flavors & Fragrances Inc. (NYSE:IFF) by 0.9% in the second quarter, Holdings Channel.com reports. The institutional investor owned 35,485 shares of the specialty chemicals company’s stock after selling 338 shares during the quarter. Bay Colony Advisory Group Inc d b a Bay Colony Advisors’ holdings in International Flavors & Fragrances were worth $2,610,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Dodge & Cox lifted its position in shares of International Flavors & Fragrances by 7.4% during the 1st 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 during the last quarter. Nuveen LLC acquired a new stake in shares of International Flavors & Fragrances during the 1st quarter worth about $57,324,000. Invesco Ltd. increased its holdings in shares of International Flavors & Fragrances by 15.3% during the first quarter. Invesco Ltd. now owns 2,992,437 shares of the specialty chemicals company’s stock worth $232,243,000 after buying an additional 397,327 shares in the last quarter. Alyeska Investment Group L.P. increased its stake in shares of International Flavors & Fragrances by 63.5% in the first quarter. Alyeska Investment Group L.P. now owns 929,069 shares of the specialty chemicals company’s stock valued at $72,105,000 after buying an additional 360,870 shares in the last quarter. Finally, Leith Wheeler Investment Counsel Ltd. acquired a new stake in International Flavors & Fragrances in the 1st quarter valued at about $21,983,000. 96.02% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

IFF has been the subject of a number of research reports. Wolfe Research upgraded International Flavors & Fragrances from an “underperform” rating to a “peer perform” rating in a research report on Monday, September 8th. Weiss Ratings reissued a “sell (d+)” rating on shares of International Flavors & Fragrances in a research note on Wednesday, October 8th. Morgan Stanley reduced their target price on shares of International Flavors & Fragrances from $92.00 to $90.00 and set an “overweight” rating for the company in a research note on Monday, September 22nd. Tigress Financial restated a “buy” rating and set a $105.00 target price on shares of International Flavors & Fragrances in a report on Tuesday, August 26th. Finally, Mizuho reduced their price target on International Flavors & Fragrances from $85.00 to $75.00 and set an “outperform” rating for the company in a research report on Friday, October 3rd. Thirteen analysts have rated the stock with a Buy rating, four have issued a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat, International Flavors & Fragrances currently has a consensus rating of “Moderate Buy” and an average target price of $86.07.

Insiders Place Their Bets

In other news, CEO J Erik Fyrwald bought 15,300 shares of International Flavors & Fragrances stock in a transaction dated Thursday, August 7th. The stock was bought at an average cost of $64.95 per share, for a total transaction of $993,735.00. Following the purchase, the chief executive officer directly owned 77,370 shares in the company, valued at approximately $5,025,181.50. This represents a 24.65% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Paul J. Fribourg acquired 15,450 shares of International Flavors & Fragrances stock in a transaction dated Thursday, August 7th. The shares were acquired at an average price of $64.80 per share, with a total value of $1,001,160.00. Following the completion of the acquisition, the director directly owned 15,450 shares of the company’s stock, valued at approximately $1,001,160. The trade was a ∞ increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Company insiders own 0.20% of the company’s stock.

International Flavors & Fragrances Stock Down 0.4%

Shares of IFF opened at $63.05 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 $101.17. The company has a market cap of $16.16 billion, a P/E ratio of -40.68, a P/E/G ratio of 2.54 and a beta of 1.07. The firm has a 50 day simple moving average of $63.87 and a two-hundred day simple moving average of $70.61.

International Flavors & Fragrances (NYSE:IFF) last announced its quarterly earnings results on Tuesday, August 5th. The specialty chemicals company reported $1.15 earnings per share (EPS) for the quarter, topping the consensus estimate 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 company had revenue of $2.76 billion during the quarter, compared to the consensus estimate of $2.69 billion. During the same period in the prior year, the business earned $1.16 earnings per share. The company’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. Research analysts forecast that International Flavors & Fragrances Inc. will post 4.32 EPS for the current fiscal year.

International Flavors & Fragrances Dividend Announcement

The firm also recently announced 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. The ex-dividend date of this dividend is Friday, December 19th. 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%.

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.