Allstate Corp Has $1.25 Million Stock Position in International Flavors & Fragrances Inc. $IFF

Allstate Corp boosted its position in International Flavors & Fragrances Inc. (NYSE:IFF) by 93.4% in the 4th quarter, HoldingsChannel reports. The firm owned 18,584 shares of the specialty chemicals company’s stock after acquiring an additional 8,976 shares during the period. Allstate Corp’s holdings in International Flavors & Fragrances were worth $1,252,000 as of its most recent filing with the SEC.

Other large investors have also recently bought and sold shares of the company. Tran Capital Management L.P. bought a new position in International Flavors & Fragrances in the 4th quarter valued at about $21,924,000. JPMorgan Chase & Co. increased its holdings in shares of International Flavors & Fragrances by 28.8% during the third quarter. JPMorgan Chase & Co. now owns 1,098,575 shares of the specialty chemicals company’s stock worth $67,612,000 after purchasing an additional 245,719 shares during the period. Dodge & Cox increased its holdings in shares of International Flavors & Fragrances by 5.5% during the third quarter. Dodge & Cox now owns 36,972,638 shares of the specialty chemicals company’s stock worth $2,275,296,000 after purchasing an additional 1,925,251 shares during the period. Icahn Carl C increased its holdings in shares of International Flavors & Fragrances by 26.7% during the third quarter. Icahn Carl C now owns 4,750,000 shares of the specialty chemicals company’s stock worth $292,315,000 after purchasing an additional 1,000,000 shares during the period. Finally, Y Intercept Hong Kong Ltd bought a new position in shares of International Flavors & Fragrances during the third quarter worth approximately $1,727,000. 96.02% of the stock is owned by institutional investors.

Trending Headlines about International Flavors & Fragrances

Here are the key news stories impacting International Flavors & Fragrances this week:

• Positive Sentiment: IFF said the Food Ingredients sale to CVC is valued at roughly $4.3 billion, or about 10x EBITDA, which could help strengthen the balance sheet and support a more focused business mix. IFF Enters Into Agreement to Sell Its Food Ingredients Business to CVC
• Positive Sentiment: The company also backed its annual sales outlook, which may reassure investors that the divestiture is part of a broader profitability strategy rather than a sign of weakening demand. IFF To Sell Food Ingredients Business For $4.3 Bln, Backs Annual Sales Outlook; Pre-Market Stock Up
• Neutral Sentiment: LMR by IFF opened a new experimental field in Grasse, France, highlighting ongoing investment in natural ingredients and perfumery research, but this is unlikely to have an immediate stock-moving impact. LMR by IFF Inaugurates New Experimental Field in Grasse
• Negative Sentiment: Some investors may worry that selling the Food Ingredients unit reduces IFF’s scale and removes a key revenue contributor, even if the move improves profitability over time. International Flavors and Fragrances nears $4 billion deal to sell food ingredients business, WSJ reports

International Flavors & Fragrances Price Performance

Shares of NYSE:IFF opened at $76.01 on Friday. The company’s fifty day moving average price is $73.20 and its 200-day moving average price is $71.70. The firm has a market capitalization of $19.41 billion, a price-to-earnings ratio of 23.25, a PEG ratio of 1.72 and a beta of 0.93. International Flavors & Fragrances Inc. has a one year low of $59.14 and a one year high of $84.45. The company has a debt-to-equity ratio of 0.33, a current ratio of 1.49 and a quick ratio of 0.87.

International Flavors & Fragrances (NYSE:IFF) last posted its quarterly earnings results on Tuesday, May 5th. The specialty chemicals company reported $1.25 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.08 by $0.17. International Flavors & Fragrances had a net margin of 7.78% and a return on equity of 7.65%. The business had revenue of $2.74 billion during the quarter, compared to analyst estimates of $2.64 billion. During the same period in the prior year, the business posted $1.20 earnings per share. The company’s revenue was down 3.6% on a year-over-year basis. On average, equities research analysts anticipate that International Flavors & Fragrances Inc. will post 4.55 earnings per share for the current fiscal year.

International Flavors & Fragrances Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, July 10th. Investors of record on Thursday, June 18th will be given a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a yield of 2.1%. The ex-dividend date of this dividend is Thursday, June 18th. International Flavors & Fragrances’s dividend payout ratio (DPR) is 48.93%.

Wall Street Analyst Weigh In

Several analysts recently issued reports on the stock. Barclays increased their price target on shares of International Flavors & Fragrances from $80.00 to $90.00 and gave the stock an “overweight” rating in a research report on Thursday, May 7th. JPMorgan Chase & Co. raised their price objective on International Flavors & Fragrances from $90.00 to $92.00 and gave the company an “overweight” rating in a report on Thursday, May 7th. Oppenheimer raised their price objective on International Flavors & Fragrances from $88.00 to $90.00 and gave the company an “outperform” rating in a report on Thursday, May 7th. BNP Paribas Exane raised their price objective on International Flavors & Fragrances from $85.00 to $95.00 in a report on Thursday, May 7th. Finally, Weiss Ratings upgraded shares of International Flavors & Fragrances from a “sell (d)” rating to a “hold (c)” rating in a report on Wednesday, May 6th. Twelve analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the stock. According to MarketBeat, International Flavors & Fragrances presently has a consensus rating of “Moderate Buy” and a consensus price target of $90.80.

Insider Transactions at International Flavors & Fragrances

In other International Flavors & Fragrances news, Director Paul J. Fribourg purchased 142,000 shares of the stock in a transaction that occurred on Thursday, March 12th. The stock was bought at an average cost of $70.13 per share, with a total value of $9,958,460.00. Following the transaction, the director directly owned 2,422,730 shares in the company, valued at approximately $169,906,054.90. The trade was a 6.23% increase in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 1.07% of the stock is currently owned by company insiders.

International Flavors & Fragrances Company Profile

International Flavors & Fragrances Inc (NYSE:IFF) is a global leader in the creation and production of flavors, fragrances, cosmetic actives and nutritional lipids. The company develops taste and scent solutions for a wide array of end markets including food and beverage, personal care, household goods and pharmaceutical products. Its portfolio spans natural and nature-identical flavors, fine fragrances, functional ingredients for skin and hair care, and specialty oils that enhance nutritional value and sensory appeal.

IFF’s research and development network comprises innovation centers in North America, Europe, Asia-Pacific and Latin America, where multidisciplinary teams collaborate on aroma chemistry, sensory science and biotechnology.