United Services Automobile Association Buys Shares of 6,249 International Flavors & Fragrances Inc. $IFF

Key Points

• United Services Automobile Association has acquired 6,249 shares of International Flavors & Fragrances Inc. (IFF) valued at approximately $478,000.
• The company's CEO, J Erik Fyrwald, and Director Paul J. Fribourg both made significant purchases of IFF shares on August 7th, increasing their holdings substantially.
• International Flavors & Fragrances announced a quarterly dividend of $0.40 per share, with a dividend yield of 2.5%, to be distributed on October 10th.

United Services Automobile Association purchased a new stake in shares of International Flavors & Fragrances Inc. (NYSE:IFF - Free Report) during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 6,249 shares of the specialty chemicals company's stock, valued at approximately $478,000.

Other institutional investors also recently added to or reduced their stakes in the company. Banque Transatlantique SA acquired a new position in shares of International Flavors & Fragrances in the 1st quarter worth approximately $32,000. Zions Bancorporation National Association UT acquired a new position in International Flavors & Fragrances during the 1st quarter worth $42,000. Mather Group LLC. lifted its holdings 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 worth $51,000 after buying an additional 421 shares in the last quarter. Smallwood Wealth Investment Management LLC acquired a new position in International Flavors & Fragrances during the 1st quarter worth $77,000. Finally, Quarry LP raised its position in shares of International Flavors & Fragrances by 40.0% during the 1st quarter. Quarry LP now owns 1,295 shares of the specialty chemicals company's stock valued at $101,000 after acquiring an additional 370 shares during the last quarter. 96.02% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

IFF has been the subject of several recent research reports. Tigress Financial reiterated a "buy" rating and set a $105.00 target price on shares of International Flavors & Fragrances in a research report on Tuesday, August 26th. Wolfe Research upgraded shares of International Flavors & Fragrances from an "underperform" rating to a "peer perform" rating in a research report on Monday, September 8th. Oppenheimer cut International Flavors & Fragrances from an "outperform" rating to a "market perform" rating in a report on Thursday, August 7th. Barclays lowered 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. Finally, Wells Fargo & Company lowered their target price on International Flavors & Fragrances from $90.00 to $85.00 and set an "overweight" rating for the company in a report on Thursday, August 7th. Twelve analysts have rated the stock with a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the company's stock. According to MarketBeat, International Flavors & Fragrances presently has a consensus rating of "Moderate Buy" and a consensus price target of $92.36.

International Flavors & Fragrances Stock Performance

NYSE:IFF traded up $0.06 during mid-day trading on Tuesday, hitting $64.43. The stock had a trading volume of 378,938 shares, compared to its average volume of 1,817,081. International Flavors & Fragrances Inc. has a twelve month low of $62.33 and a twelve month high of $106.77. The stock has a market cap of $16.51 billion, a price-to-earnings ratio of -41.55, a PEG ratio of 2.84 and a beta of 1.07. The company's 50 day simple moving average is $69.50 and its 200 day simple moving average is $73.94. The company has a debt-to-equity ratio of 0.39, a quick ratio of 1.12 and a current ratio of 1.86.

International Flavors & Fragrances (NYSE:IFF - Get Free Report) last issued its earnings results on Tuesday, August 5th. The specialty chemicals company reported $1.15 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.11 by $0.04. The business had revenue of $2.76 billion during the quarter, compared to the consensus estimate of $2.69 billion. International Flavors & Fragrances had a negative net margin of 3.48% and a positive return on equity of 7.95%. International Flavors & Fragrances's revenue was down 4.3% on a year-over-year basis. During the same period last year, the business posted $1.16 EPS. International Flavors & Fragrances has set its FY 2025 guidance at EPS. On average, equities research analysts forecast that International Flavors & Fragrances Inc. will post 4.32 earnings per share for the current year.

International Flavors & Fragrances Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, October 10th. Shareholders of record on Monday, September 29th will be issued a $0.40 dividend. This represents a $1.60 annualized dividend and a yield of 2.5%. The ex-dividend date of this dividend is Monday, September 29th. International Flavors & Fragrances's dividend payout ratio is currently -103.23%.

Insider Activity at International Flavors & Fragrances

In other International Flavors & Fragrances news, Director Paul J. Fribourg bought 15,450 shares of the stock in a transaction dated Thursday, August 7th. The shares were bought at an average cost of $64.80 per share, with a total value of $1,001,160.00. Following the completion of the acquisition, the director owned 15,450 shares of the company's stock, valued at $1,001,160. This trade represents a ∞ increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is accessible through this link. Also, CEO J Erik Fyrwald bought 15,300 shares of the stock in a transaction dated Thursday, August 7th. The shares were acquired at an average cost of $64.95 per share, for a total transaction of $993,735.00. Following the completion of the acquisition, the chief executive officer directly owned 77,370 shares of the company's stock, valued at approximately $5,025,181.50. This trade 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 company 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.