Adams Natural Resources Fund Inc. Sells 20,694 Shares of International Flavors & Fragrances Inc. $IFF

Key Points

• Adams Natural Resources Fund Inc. has reduced its holdings of International Flavors & Fragrances Inc. by 50.6%, selling 20,694 shares and bringing its total ownership to 20,206 shares worth approximately $1.49 million.
• The company declared a quarterly dividend of $0.40 per share, resulting in an annual dividend yield of 2.5%, despite a payout ratio of -103.23%.
• Recent analyst ratings show a consensus of "Moderate Buy" for the stock, with an average target price decrease to $86.07, indicating mixed expectations for future performance.

Adams Natural Resources Fund Inc. cut its position in shares of International Flavors & Fragrances Inc. (NYSE:IFF - Free Report) by 50.6% in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 20,206 shares of the specialty chemicals company's stock after selling 20,694 shares during the period. Adams Natural Resources Fund Inc.'s holdings in International Flavors & Fragrances were worth $1,486,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also bought and sold shares of IFF. Dodge & Cox raised its position in International Flavors & Fragrances by 7.4% during the 1st quarter. Dodge & Cox now owns 33,774,607 shares of the specialty chemicals company's stock valued at $2,621,247,000 after purchasing an additional 2,336,844 shares in the last quarter. Nuveen LLC bought a new stake in International Flavors & Fragrances during the 1st quarter valued at $57,324,000. Invesco Ltd. raised its position in International Flavors & Fragrances by 15.3% during the 1st quarter. Invesco Ltd. now owns 2,992,437 shares of the specialty chemicals company's stock valued at $232,243,000 after purchasing an additional 397,327 shares in the last quarter. Alyeska Investment Group L.P. raised its position in International Flavors & Fragrances by 63.5% during the 1st quarter. Alyeska Investment Group L.P. now owns 929,069 shares of the specialty chemicals company's stock valued at $72,105,000 after purchasing an additional 360,870 shares in the last quarter. Finally, Leith Wheeler Investment Counsel Ltd. bought a new position in shares of International Flavors & Fragrances in the 1st quarter worth $21,983,000. 96.02% of the stock is owned by institutional investors.

Insider Activity

In related news, Director Paul J. Fribourg bought 15,450 shares of the stock in a transaction dated Thursday, August 7th. The shares were purchased at an average price of $64.80 per share, for a total transaction of $1,001,160.00. Following the completion of the purchase, the director directly owned 15,450 shares of the company's stock, valued at $1,001,160. This represents a ∞ increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, 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 stock was bought at an average price 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 of the company's stock, valued at approximately $5,025,181.50. The trade was 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 Stock Up 0.6%

Shares of IFF stock opened at $65.04 on Wednesday. International Flavors & Fragrances Inc. has a 1-year low of $59.14 and a 1-year high of $104.69. The stock's fifty day moving average price is $64.03 and its 200 day moving average price is $70.90. The company has a debt-to-equity ratio of 0.39, a current ratio of 1.86 and a quick ratio of 1.12. The company has a market cap of $16.67 billion, a price-to-earnings ratio of -41.96, a price-to-earnings-growth ratio of 2.60 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 earnings per share for the quarter, beating the consensus estimate of $1.11 by $0.04. The business had revenue of $2.76 billion for 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% compared to the same quarter last year. 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. On average, research 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 company also recently declared a quarterly dividend, which was paid on Friday, October 10th. Shareholders of record on Monday, September 29th were paid a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a yield of 2.5%. The ex-dividend date was Monday, September 29th. International Flavors & Fragrances's payout ratio is presently -103.23%.

Wall Street Analyst Weigh In

Several research analysts have recently commented on the company. BNP Paribas reduced their price target on International Flavors & Fragrances from $92.00 to $91.00 in a research report on Monday, September 29th. UBS Group reduced their price target on International Flavors & Fragrances from $71.00 to $66.00 and set a "neutral" rating for the company in a research report on Monday, October 6th. Mizuho reduced their price target on International Flavors & Fragrances from $85.00 to $75.00 and set an "outperform" rating for the company in a research report on Friday, October 3rd. Berenberg Bank reduced their price target on International Flavors & Fragrances from $78.80 to $78.30 and set a "hold" rating for the company in a research report on Monday, September 29th. Finally, Wolfe Research raised International Flavors & Fragrances from an "underperform" rating to a "peer perform" rating in a research report on Monday, September 8th. Thirteen investment analysts have rated the stock with a Buy rating, four have given a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of $86.07.

International Flavors & Fragrances Company 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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