AG2R LA Mondiale Gestion D Actifs Makes New Investment in International Flavors & Fragrances Inc. $IFF

Key Points

• AG2R LA Mondiale Gestion D Actifs acquired 15,444 shares of International Flavors & Fragrances Inc. valued at approximately $1,182,000, indicating a growing interest from institutional investors in the company.
• CEO J Erik Fyrwald and Director Paul J. Fribourg both made significant insider purchases, increasing their ownership stakes in the company.
• Wall Street analysts have mixed views on IFF, with a consensus target price of $92.36 and a rating of "Moderate Buy," reflecting a cautious but optimistic outlook on the stock's performance.

AG2R LA Mondiale Gestion D Actifs acquired a new position in International Flavors & Fragrances Inc. (NYSE:IFF - Free Report) in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 15,444 shares of the specialty chemicals company's stock, valued at approximately $1,182,000.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Banque Transatlantique SA acquired a new stake in International Flavors & Fragrances in the first quarter worth about $32,000. Zions Bancorporation National Association UT acquired a new stake in International Flavors & Fragrances in the first quarter worth about $42,000. Geneos Wealth Management Inc. increased its position in International Flavors & Fragrances by 55.7% in the first quarter. Geneos Wealth Management Inc. now owns 587 shares of the specialty chemicals company's stock worth $46,000 after purchasing an additional 210 shares during the period. Mather Group LLC. increased its position 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 period. Finally, Smallwood Wealth Investment Management LLC acquired a new position in shares of International Flavors & Fragrances during the 1st quarter worth about $77,000. 96.02% of the stock is currently owned by institutional investors and hedge funds.

International Flavors & Fragrances Stock Down 0.5%

Shares of International Flavors & Fragrances stock traded down $0.31 on Friday, reaching $63.45. 529,171 shares of the company were exchanged, compared to its average volume of 1,828,691. International Flavors & Fragrances Inc. has a one year low of $62.33 and a one year high of $106.77. The company has a market capitalization of $16.26 billion, a price-to-earnings ratio of -40.92, a PEG ratio of 2.74 and a beta of 1.07. 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 50-day moving average of $68.75 and a 200 day moving average of $73.68.

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

International Flavors & Fragrances Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, October 10th. Investors of record on Monday, September 29th will be paid a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a yield of 2.5%. The ex-dividend date is Monday, September 29th. International Flavors & Fragrances's dividend payout ratio is -103.23%.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on IFF. BNP Paribas Exane decreased their target price on International Flavors & Fragrances from $96.00 to $92.00 and set an "outperform" rating for the company in a research report on Thursday, September 11th. Oppenheimer lowered International Flavors & Fragrances from an "outperform" rating to a "market perform" rating in a research report on Thursday, August 7th. Barclays decreased their target price on International Flavors & Fragrances from $84.00 to $78.00 and set an "overweight" rating for the company in a research report on Friday, August 8th. Tigress Financial restated a "buy" rating and set a $105.00 target price on shares of International Flavors & Fragrances in a research report on Tuesday, August 26th. Finally, Wolfe Research upgraded International Flavors & Fragrances from an "underperform" rating to a "peer perform" rating in a research report on Monday, September 8th. Thirteen analysts have rated the stock with a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, International Flavors & Fragrances currently has a consensus rating of "Moderate Buy" and a consensus price target of $92.33.

Insiders Place Their Bets

In other International Flavors & Fragrances news, CEO J Erik Fyrwald purchased 15,300 shares of the company's stock in a transaction that occurred on Thursday, August 7th. The shares were acquired at an average price of $64.95 per share, for a total transaction of $993,735.00. Following the purchase, the chief executive officer owned 77,370 shares in the company, valued at approximately $5,025,181.50. The trade was a 24.65% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director Paul J. Fribourg purchased 15,450 shares of the company's stock in a transaction that occurred on Thursday, August 7th. The stock was acquired at an average price of $64.80 per share, for a total transaction of $1,001,160.00. Following the purchase, the director owned 15,450 shares in the company, valued at $1,001,160. This trade represents a ∞ increase in their position. The disclosure for this purchase can be found here. 0.20% of the stock is currently owned by corporate insiders.

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.