7,062 Shares in International Flavors & Fragrances Inc. $IFF Bought by 111 Capital

Key Points

• 111 Capital acquired 7,062 shares of International Flavors & Fragrances Inc., valued at approximately $519,000, in the second quarter.
• Insider transactions included Director Paul J. Fribourg purchasing 15,450 shares and CEO J Erik Fyrwald buying 15,300 shares, significantly increasing their ownership stakes.
• The company reported earnings of $1.15 per share, exceeding estimates and revealing a revenue of $2.76 billion, despite a 4.3% year-over-year decline in revenue.

111 Capital bought a new position in shares of International Flavors & Fragrances Inc. (NYSE:IFF - Free Report) in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm bought 7,062 shares of the specialty chemicals company's stock, valued at approximately $519,000.

Other large investors have also bought and sold shares of the company. Banque Transatlantique SA bought a new position in International Flavors & Fragrances during the 1st quarter worth $32,000. American National Bank & Trust raised its position in International Flavors & Fragrances by 11,975.0% during the 2nd quarter. American National Bank & Trust now owns 483 shares of the specialty chemicals company's stock worth $36,000 after purchasing an additional 479 shares during the last quarter. Zions Bancorporation National Association UT bought a new position in International Flavors & Fragrances during the 1st quarter worth $42,000. Geneos Wealth Management Inc. grew its holdings in International Flavors & Fragrances by 55.7% during the 1st quarter. Geneos Wealth Management Inc. now owns 587 shares of the specialty chemicals company's stock worth $46,000 after acquiring an additional 210 shares during the period. Finally, Mather Group LLC. grew 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 acquiring an additional 421 shares during the period. 96.02% of the stock is owned by institutional investors.

Insider Transactions at International Flavors & Fragrances

In other news, Director Paul J. Fribourg bought 15,450 shares of the company's stock in a transaction on Thursday, August 7th. The shares were purchased at an average price of $64.80 per share, with a total value of $1,001,160.00. Following the transaction, the director directly owned 15,450 shares in the company, valued at $1,001,160. This represents a ∞ increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO J Erik Fyrwald bought 15,300 shares of the company's stock in a transaction on 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 transaction, the chief executive officer owned 77,370 shares in the company, valued at approximately $5,025,181.50. This represents a 24.65% increase in their ownership of the stock. The disclosure for this purchase can be found here. 0.17% of the stock is currently owned by insiders.

International Flavors & Fragrances Price Performance

Shares of NYSE IFF opened at $62.15 on Monday. The stock has a market cap of $15.93 billion, a price-to-earnings ratio of -40.10, a PEG ratio of 2.70 and a beta of 1.07. 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 Inc. has a fifty-two week low of $59.89 and a fifty-two week high of $106.77. The firm's 50-day simple moving average is $65.66 and its 200 day simple moving average is $72.13.

International Flavors & Fragrances (NYSE:IFF - Get Free Report) last released its quarterly earnings results on Tuesday, August 5th. The specialty chemicals company reported $1.15 earnings per share (EPS) for the quarter, beating analysts' consensus estimates 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 positive return on equity of 7.95% and a negative net margin of 3.48%.The company's quarterly revenue was down 4.3% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.16 EPS. International Flavors & Fragrances has set its FY 2025 guidance at EPS. As a group, research analysts anticipate that International Flavors & Fragrances Inc. will post 4.32 earnings per share 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. Shareholders of record on Monday, September 29th will be paid a dividend of $0.40 per share. The ex-dividend date is Monday, September 29th. This represents a $1.60 dividend on an annualized basis and a yield of 2.6%. International Flavors & Fragrances's payout ratio is -103.23%.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on IFF. Oppenheimer downgraded International Flavors & Fragrances from an "outperform" rating to a "market perform" rating in a report on Thursday, August 7th. Berenberg Bank decreased their price target on International Flavors & Fragrances from $78.80 to $78.30 and set a "hold" rating for the company in a report on Monday, September 29th. Mizuho decreased their price target on International Flavors & Fragrances from $85.00 to $75.00 and set an "outperform" rating for the company in a report on Friday. Tigress Financial reiterated a "buy" rating and set a $105.00 price target on shares of International Flavors & Fragrances in a report on Tuesday, August 26th. Finally, BNP Paribas cut their price objective on shares of International Flavors & Fragrances from $92.00 to $91.00 in a research report on Monday, September 29th. Thirteen investment analysts have rated the stock with a Buy rating, four have assigned a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price of $90.25.

International Flavors & Fragrances Profile

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.

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