Aberdeen Group plc Decreases Position in International Flavors & Fragrances Inc. $IFF

Key Points

• Aberdeen Group plc reduced its holdings in International Flavors & Fragrances Inc. by 27.4%, owning 225,366 shares valued at approximately $17.31 million after selling 84,920 shares in the first quarter.
• The company reported quarterly earnings of $1.15 per share, exceeding estimates by $0.04, with revenues of $2.76 billion, which is a 4.3% decline year-over-year.
• International Flavors & Fragrances has announced a quarterly dividend of $0.40 per share, resulting in an annualized yield of 2.4%, despite a negative dividend payout ratio of -103.23%.

Aberdeen Group plc reduced its stake in shares of International Flavors & Fragrances Inc. (NYSE:IFF - Free Report) by 27.4% in the first quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 225,366 shares of the specialty chemicals company's stock after selling 84,920 shares during the period. Aberdeen Group plc owned about 0.09% of International Flavors & Fragrances worth $17,305,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently bought and sold shares of IFF. Townsquare Capital LLC boosted its holdings in International Flavors & Fragrances by 54.5% in the 4th quarter. Townsquare Capital LLC now owns 3,678 shares of the specialty chemicals company's stock worth $311,000 after buying an additional 1,298 shares during the period. Mariner LLC boosted its holdings in International Flavors & Fragrances by 9.1% in the 4th quarter. Mariner LLC now owns 26,023 shares of the specialty chemicals company's stock worth $2,200,000 after buying an additional 2,181 shares during the period. Jump Financial LLC boosted its holdings in International Flavors & Fragrances by 83.3% in the 4th quarter. Jump Financial LLC now owns 8,618 shares of the specialty chemicals company's stock worth $729,000 after buying an additional 3,917 shares during the period. Commerce Bank boosted its holdings in International Flavors & Fragrances by 3.8% in the 4th quarter. Commerce Bank now owns 4,141 shares of the specialty chemicals company's stock worth $350,000 after buying an additional 152 shares during the period. Finally, Freedom Investment Management Inc. boosted its holdings in International Flavors & Fragrances by 7.7% in the 4th quarter. Freedom Investment Management Inc. now owns 4,270 shares of the specialty chemicals company's stock worth $361,000 after buying an additional 305 shares during the period. 96.02% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several research analysts recently commented on IFF shares. Robert W. Baird cut their price objective on shares of International Flavors & Fragrances from $110.00 to $100.00 and set an "outperform" rating for the company in a report on Thursday, May 8th. UBS Group cut 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 report on Wednesday, August 6th. Barclays cut their price objective on shares of International Flavors & Fragrances from $84.00 to $78.00 and set an "overweight" rating for the company in a report on Friday, August 8th. Tigress Financial initiated coverage on shares of International Flavors & Fragrances in a research note on Wednesday, June 4th. They issued a "buy" rating and a $105.00 target price on the stock. Finally, Wells Fargo & Company lowered 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 note on Thursday, August 7th. Twelve investment analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of $92.36.

Insider Buying and Selling at International Flavors & Fragrances

In related news, CEO J Erik Fyrwald acquired 15,300 shares of the stock in a transaction dated Thursday, August 7th. The shares were purchased at an average price 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 $5,025,181.50. This represents a 24.65% increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Paul J. Fribourg acquired 15,450 shares of the stock in a transaction dated Thursday, August 7th. The shares were bought 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 represents a ∞ increase in their position. The disclosure for this purchase can be found here. Company insiders own 0.17% of the company's stock.

International Flavors & Fragrances Price Performance

Shares of International Flavors & Fragrances stock traded up $1.7890 on Friday, hitting $67.9190. 2,293,773 shares of the company traded hands, compared to its average volume of 2,543,320. The firm's 50-day simple moving average is $72.32 and its 200 day simple moving average is $75.82. The company has a current ratio of 1.86, a quick ratio of 1.12 and a debt-to-equity ratio of 0.39. The company has a market cap of $17.41 billion, a P/E ratio of -43.82, a P/E/G ratio of 2.94 and a beta of 1.04. International Flavors & Fragrances Inc. has a 12-month low of $62.33 and a 12-month high of $106.77.

International Flavors & Fragrances (NYSE:IFF - Get Free Report) last posted its quarterly earnings data on Tuesday, August 5th. The specialty chemicals company reported $1.15 earnings per share for the quarter, beating the consensus estimate of $1.11 by $0.04. The firm had revenue of $2.76 billion for the quarter, compared to analysts' expectations 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 business's quarterly revenue was down 4.3% on a year-over-year basis. During the same quarter last year, the company posted $1.16 EPS. International Flavors & Fragrances has set its FY 2025 guidance at EPS. Analysts expect 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 disclosed a quarterly dividend, which will be paid on Friday, October 10th. Stockholders of record on Monday, September 29th will be given a dividend of $0.40 per share. The ex-dividend date is Monday, September 29th. This represents a $1.60 annualized dividend and a dividend yield of 2.4%. International Flavors & Fragrances's dividend payout ratio (DPR) is -103.23%.

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.