United Services Automobile Association Purchases New Shares in 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 acquired a new stake in shares of International Flavors & Fragrances Inc. (NYSE:IFF - Free Report) during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 6,249 shares of the specialty chemicals company's stock, valued at approximately $478,000.

A number of other large investors have also added to or reduced their stakes in IFF. Banque Transatlantique SA bought a new stake in shares of International Flavors & Fragrances in the 1st quarter valued at about $32,000. Zions Bancorporation National Association UT acquired a new stake in International Flavors & Fragrances in the first quarter valued at approximately $42,000. Mather Group LLC. grew its holdings in International Flavors & Fragrances by 179.9% in the first quarter. Mather Group LLC. now owns 655 shares of the specialty chemicals company's stock worth $51,000 after purchasing an additional 421 shares during the last quarter. Smallwood Wealth Investment Management LLC acquired a new position in shares of International Flavors & Fragrances during the first quarter worth $77,000. Finally, Quarry LP lifted its holdings 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 purchasing an additional 370 shares during the last quarter. 96.02% of the stock is currently owned by institutional investors.

International Flavors & Fragrances Stock Performance

Shares of NYSE:IFF traded down $0.67 during midday trading on Friday, reaching $65.68. The company's stock had a trading volume of 1,921,160 shares, compared to its average volume of 1,718,548. The company has a quick ratio of 1.12, a current ratio of 1.86 and a debt-to-equity ratio of 0.39. The stock has a fifty day moving average of $69.71 and a 200 day moving average of $74.11. International Flavors & Fragrances Inc. has a twelve month low of $62.33 and a twelve month high of $106.77. The firm has a market capitalization of $16.83 billion, a PE ratio of -42.37, a P/E/G ratio of 2.87 and a beta of 1.07.

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

International Flavors & Fragrances Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, October 10th. Investors of record on Monday, September 29th will be given a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a yield of 2.4%. The ex-dividend date is Monday, September 29th. International Flavors & Fragrances's dividend payout ratio (DPR) is currently -103.23%.

Insider Buying and Selling

In related news, Director Paul J. Fribourg acquired 15,450 shares of the stock in a transaction on Thursday, August 7th. The shares were acquired at an average price of $64.80 per share, for a total transaction of $1,001,160.00. Following the transaction, the director owned 15,450 shares in the company, valued at approximately $1,001,160. This trade represents a ∞ increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO J Erik Fyrwald acquired 15,300 shares of the company's stock in a transaction dated Thursday, August 7th. The shares were purchased 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 trade represents a 24.65% increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders own 0.20% of the company's stock.

Wall Street Analysts Forecast Growth

IFF has been the topic of several research analyst reports. Oppenheimer downgraded International Flavors & Fragrances from an "outperform" rating to a "market perform" rating in a research note on Thursday, August 7th. Barclays dropped their price target on International Flavors & Fragrances from $84.00 to $78.00 and set an "overweight" rating on the stock in a research note on Friday, August 8th. UBS Group decreased their price objective on shares of International Flavors & Fragrances from $83.00 to $79.00 and set a "neutral" rating for the company in a research report on Wednesday, August 6th. Wells Fargo & Company dropped their target price on shares of International Flavors & Fragrances from $90.00 to $85.00 and set an "overweight" rating on the stock in a research report on Thursday, August 7th. Finally, Tigress Financial reaffirmed a "buy" rating and issued a $105.00 price target on shares of International Flavors & Fragrances in a report on Tuesday, August 26th. Twelve analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $92.36.

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.