14,038 Shares in International Flavors & Fragrances Inc. $IFF Purchased by Contravisory Investment Management Inc.

Key Points

• Contravisory Investment Management initiated a new IFF position of 14,038 shares valued at approximately $1.1 million. Institutional investors collectively own 96.02% of the company.
• Analysts remain generally favorable, with a consensus “Moderate Buy” rating and an average price target of $92.16, although Vertical Research downgraded the stock to “Hold.”
• IFF’s latest quarter missed expectations, reporting $0.82 in EPS versus $1.07 expected and $1.95 billion in revenue versus $2.62 billion projected. The company also authorized a $2.5 billion share buyback and declared a quarterly dividend of $0.40 per share.

Contravisory Investment Management Inc. purchased a new stake in shares of International Flavors & Fragrances Inc. (NYSE:IFF - Free Report) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 14,038 shares of the specialty chemicals company's stock, valued at approximately $1,112,000.

Several other institutional investors and hedge funds have also bought and sold shares of the business. Invesco Ltd. increased its stake in shares of International Flavors & Fragrances by 131.3% during the third quarter. Invesco Ltd. now owns 7,167,176 shares of the specialty chemicals company's stock valued at $441,068,000 after buying an additional 4,069,075 shares during the period. Eurizon Capital SGR S.p.A. bought a new position in shares of International Flavors & Fragrances during the fourth quarter valued at approximately $211,703,000. Ameriprise Financial Inc. lifted its stake in International Flavors & Fragrances by 1,842.0% in the second quarter. Ameriprise Financial Inc. now owns 2,491,606 shares of the specialty chemicals company's stock worth $183,264,000 after acquiring an additional 2,363,307 shares during the period. First Eagle Investment Management LLC boosted its holdings in International Flavors & Fragrances by 27.5% in the fourth quarter. First Eagle Investment Management LLC now owns 8,831,668 shares of the specialty chemicals company's stock valued at $595,166,000 after acquiring an additional 1,904,598 shares in the last quarter. Finally, Norges Bank purchased a new position in International Flavors & Fragrances during the 4th quarter valued at $113,284,000. Hedge funds and other institutional investors own 96.02% of the company's stock.

Analysts Set New Price Targets

Several equities research analysts have recently commented on the stock. BNP Paribas Exane raised their target price on shares of International Flavors & Fragrances from $85.00 to $95.00 in a research report on Thursday, May 7th. Vertical Research downgraded shares of International Flavors & Fragrances from a "buy" rating to a "hold" rating and set a $93.00 price target for the company. in a research note on Thursday. Benchmark raised their price objective on shares of International Flavors & Fragrances from $100.00 to $105.00 and gave the stock a "buy" rating in a report on Thursday. UBS Group lifted their price objective on International Flavors & Fragrances from $84.00 to $91.00 and gave the company a "neutral" rating in a research report on Thursday. Finally, JPMorgan Chase & Co. increased their target price on International Flavors & Fragrances from $90.00 to $92.00 and gave the stock an "overweight" rating in a research report on Thursday, May 7th. Thirteen research analysts have rated the stock with a Buy rating, six have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, International Flavors & Fragrances currently has an average rating of "Moderate Buy" and an average price target of $92.16.

International Flavors & Fragrances Stock Down 0.1%

Shares of International Flavors & Fragrances stock opened at $85.80 on Monday. International Flavors & Fragrances Inc. has a 1 year low of $59.14 and a 1 year high of $89.32. The company has a debt-to-equity ratio of 0.34, a current ratio of 2.06 and a quick ratio of 1.72. The company has a 50-day moving average of $77.77 and a 200 day moving average of $75.50. The firm has a market cap of $21.89 billion, a price-to-earnings ratio of 78.72, a PEG ratio of 2.65 and a beta of 0.93.

International Flavors & Fragrances (NYSE:IFF - Get Free Report) last announced its quarterly earnings data on Tuesday, August 4th. The specialty chemicals company reported $0.82 earnings per share for the quarter, missing analysts' consensus estimates of $1.07 by ($0.25). International Flavors & Fragrances had a return on equity of 7.11% and a net margin of 2.78%.The business had revenue of $1.95 billion during the quarter, compared to analysts' expectations of $2.62 billion. During the same quarter last year, the company posted $1.15 EPS. International Flavors & Fragrances's revenue for the quarter was up 1.8% compared to the same quarter last year. As a group, sell-side analysts anticipate that International Flavors & Fragrances Inc. will post 3.69 earnings per share for the current fiscal year.

International Flavors & Fragrances Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, October 9th. Investors of record on Friday, September 18th will be paid a $0.40 dividend. The ex-dividend date is Friday, September 18th. This represents a $1.60 annualized dividend and a dividend yield of 1.9%. International Flavors & Fragrances's dividend payout ratio is presently 146.79%.

International Flavors & Fragrances announced that its Board of Directors has approved a stock buyback plan on Tuesday, August 4th that permits the company to buyback $2.50 billion in outstanding shares. This buyback authorization permits the specialty chemicals company to purchase up to 12.1% of its shares through open market purchases. Shares buyback plans are generally a sign that the company's board believes its stock is undervalued.

Insider Buying and Selling

In other news, EVP Michael Deveau sold 8,825 shares of the stock in a transaction on Thursday, August 6th. The stock was sold at an average price of $85.55, for a total value of $754,978.75. Following the sale, the executive vice president directly owned 5,199 shares of the company's stock, valued at approximately $444,774.45. This represents a 62.93% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Paul J. Fribourg purchased 260,000 shares of International Flavors & Fragrances stock in a transaction dated Monday, June 1st. The shares were bought at an average price of $74.28 per share, with a total value of $19,312,800.00. Following the completion of the acquisition, the director directly owned 2,682,730 shares of the company's stock, valued at approximately $199,273,184.40. This represents a 10.73% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. 1.07% of the stock is owned by company insiders.

Key International Flavors & Fragrances News

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

• Positive Sentiment: Barclays raised its price target from $90 to $96 and upgraded its stance to “overweight,” implying approximately 12% upside from the reference price. The move signals improving confidence in IFF’s earnings outlook and restructuring efforts. Benzinga analyst update
• Positive Sentiment: Benchmark increased its target from $100 to $105 and maintained a “buy” rating, representing roughly 22% potential upside. This is the most bullish valuation among the recent analyst actions. Benzinga analyst update
• Positive Sentiment: IFF plans to repurchase up to $2.5 billion of its shares, which could support per-share earnings and signal that management views the stock as attractively valued. IFF share buyback report
• Neutral Sentiment: UBS raised its price target from $84 to $91 but retained a “neutral” rating. The higher valuation provides modest upside, while the unchanged rating suggests the firm sees balanced potential and risks. Benzinga analyst update
• Negative Sentiment: Vertical Research downgraded IFF from “buy” to “hold,” despite assigning a $93 price target. The downgrade may limit enthusiasm because it reflects less conviction in near-term upside. Finviz analyst update
• Negative Sentiment: Second-quarter results were mixed to weak: adjusted earnings per share came in at $0.82 versus the $1.07 consensus, while revenue of $1.95 billion missed estimates of $2.62 billion. IFF also lowered its full-year sales outlook, overshadowing modest year-over-year revenue growth. International Flavors Q2 earnings snapshot

International Flavors & Fragrances 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

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