63,928 Shares of International Flavors & Fragrances Inc. $IFF Purchased by Mirae Asset Global Investments Co. Ltd.

Key Points

• Mirae Asset Global Investments bought 63,928 IFF shares in the third quarter, valued at approximately $5.34 million.
• IFF beat third-quarter earnings and revenue estimates, with revenue up 3.9% year over year; however, a cautious near-term profit outlook and rising costs remain concerns.
• Analyst views are broadly positive: MarketBeat reports a “Moderate Buy” consensus and an average price target of $94.99.

Mirae Asset Global Investments Co. Ltd. purchased a new stake in shares of International Flavors & Fragrances Inc. (NYSE:IFF - Free Report) in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 63,928 shares of the specialty chemicals company's stock, valued at approximately $5,337,000.

Other hedge funds have also recently bought and sold shares of the company. Studio Investment Management LLC raised its stake in shares of International Flavors & Fragrances by 3.7% during the 2nd quarter. Studio Investment Management LLC now owns 3,916 shares of the specialty chemicals company's stock worth $312,000 after purchasing an additional 138 shares in the last quarter. Parkside Financial Bank & Trust boosted its holdings in shares of International Flavors & Fragrances by 27.9% in the 2nd quarter. Parkside Financial Bank & Trust now owns 706 shares of the specialty chemicals company's stock valued at $56,000 after buying an additional 154 shares during the last quarter. Waverly Advisors LLC grew its stake in shares of International Flavors & Fragrances by 4.2% in the second quarter. Waverly Advisors LLC now owns 3,850 shares of the specialty chemicals company's stock valued at $305,000 after buying an additional 156 shares in the last quarter. HB Wealth Management LLC increased its holdings in International Flavors & Fragrances by 2.8% during the second quarter. HB Wealth Management LLC now owns 6,272 shares of the specialty chemicals company's stock worth $497,000 after buying an additional 171 shares during the last quarter. Finally, North Dakota State Investment Board increased its holdings in International Flavors & Fragrances by 2.8% during the third quarter. North Dakota State Investment Board now owns 7,832 shares of the specialty chemicals company's stock worth $654,000 after buying an additional 215 shares during the last quarter. 96.02% of the stock is currently owned by institutional investors.

More International Flavors & Fragrances News

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

• Positive Sentiment: Three firms raised their price targets: Citigroup lifted its target to $105 and maintained a buy rating; JPMorgan raised its target to $95 and kept an overweight rating; UBS also raised its target to $95, while retaining a neutral rating. Citigroup price target update JPMorgan price target update UBS price target update
• Positive Sentiment: IFF beat Q3 adjusted earnings and revenue estimates, with growth in Taste and Scent. The company also raised its 2026 guidance, providing evidence of business momentum. Q3 earnings and segment strength
• Neutral Sentiment: The analyst target increases point to potential upside from the cited share price, but ratings range from neutral to buy, indicating differing views on the shares.
• Negative Sentiment: Despite the Q3 beat, reports highlighted a cautious Q4 profit outlook and rising costs as risks to near-term earnings. Those concerns may temper the positive impact of the results and annual guidance update. Outlook and cost concerns

Analysts Set New Price Targets

Several research firms have issued reports on IFF. JPMorgan Chase & Co. upped their price target on shares of International Flavors & Fragrances from $92.00 to $95.00 and gave the stock an "overweight" rating in a research report on Thursday. Oppenheimer lifted their price objective on shares of International Flavors & Fragrances from $95.00 to $108.00 and gave the company an "outperform" rating in a research report on Thursday, October 22nd. Zacks Research upgraded shares of International Flavors & Fragrances from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, October 20th. KeyCorp assumed coverage on shares of International Flavors & Fragrances in a report on Thursday, September 10th. They issued a "sector weight" rating on the stock. Finally, Barclays raised their target price on shares of International Flavors & Fragrances from $96.00 to $105.00 and gave the company an "overweight" rating in a research note on Friday, October 16th. One equities research analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and six have given a Hold rating to the stock. According to data from MarketBeat.com, International Flavors & Fragrances has an average rating of "Moderate Buy" and an average target price of $94.99.

Insider Transactions at International Flavors & Fragrances

In other International Flavors & Fragrances news, insider De Mendonca Ana Paula Teles sold 5,718 shares of the firm's stock in a transaction that occurred on Monday, August 17th. The shares were sold at an average price of $83.19, for a total transaction of $475,680.42. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 1.07% of the stock is owned by company insiders.

International Flavors & Fragrances Stock Down 1.3%

IFF opened at $86.54 on Friday. International Flavors & Fragrances Inc. has a 1-year low of $61.72 and a 1-year high of $95.27. The stock's fifty day simple moving average is $87.17 and its 200 day simple moving average is $78.92. The company has a current ratio of 1.87, a quick ratio of 1.72 and a debt-to-equity ratio of 0.36. The stock has a market cap of $22.08 billion, a PE ratio of 121.88, a price-to-earnings-growth ratio of 3.76 and a beta of 0.86.

International Flavors & Fragrances (NYSE:IFF - Get Free Report) last announced its quarterly earnings results on Tuesday, November 3rd. The specialty chemicals company reported $0.83 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.81 by $0.02. International Flavors & Fragrances had a return on equity of 6.82% and a net margin of 1.97%. The business had revenue of $1.94 billion during the quarter, compared to the consensus estimate of $1.91 billion. During the same quarter last year, the firm posted $1.05 EPS. The company's quarterly revenue was up 3.9% on a year-over-year basis. As a group, research analysts expect that International Flavors & Fragrances Inc. will post 3.24 earnings per share for the current year.

International Flavors & Fragrances Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, January 13th. Shareholders of record on Saturday, December 19th will be issued a $0.40 dividend. This represents a $1.60 annualized dividend and a yield of 1.8%. The ex-dividend date of this dividend is Friday, December 18th. International Flavors & Fragrances's dividend payout ratio is currently 225.35%.

International Flavors & Fragrances announced that its board has authorized a stock buyback program on Tuesday, August 4th that permits the company to repurchase $2.50 billion in shares. This buyback authorization permits the specialty chemicals company to reacquire up to 12.1% of its stock through open market purchases. Share buyback programs are often an indication that the company's leadership believes its stock is undervalued.

International Flavors & Fragrances Company Profile

International Flavors & Fragrances Inc NYSE: IFF develops and manufactures ingredients, flavor systems, fragrances and specialty solutions used in consumer and industrial products. Its offerings support food and beverage manufacturers, fragrance and personal care companies, household-product makers, pharmaceutical businesses and other customers.

The company's portfolio includes flavors for beverages, dairy products, sweet goods, savory foods and other applications; fragrances for fine fragrance, personal care and home care products; and functional ingredients, enzymes, cultures, natural extracts and other specialty materials.

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