7,673 Shares in International Flavors & Fragrances Inc. $IFF Purchased by Alamea Verwaltungs GmbH

Key Points

• Alamea Verwaltungs GmbH has acquired 7,673 shares of International Flavors & Fragrances Inc. valued at approximately $596,000, marking a new position for the firm in the specialty chemicals company.
• Overall, institutional investors hold approximately 96.02% of International Flavors & Fragrances' stock, indicating strong institutional backing for the company.
• The company announced a $0.40 quarterly dividend to be paid on October 10th, representing an annualized yield of 2.4%, despite a negative dividend payout ratio of -103.23%.

Alamea Verwaltungs GmbH bought a new stake in International Flavors & Fragrances Inc. (NYSE:IFF - Free Report) in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 7,673 shares of the specialty chemicals company's stock, valued at approximately $596,000.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Dodge & Cox grew its stake in International Flavors & Fragrances by 7.4% in the first quarter. Dodge & Cox now owns 33,774,607 shares of the specialty chemicals company's stock valued at $2,621,247,000 after acquiring an additional 2,336,844 shares during the period. Vanguard Group Inc. grew its stake in International Flavors & Fragrances by 0.6% in the first quarter. Vanguard Group Inc. now owns 30,390,040 shares of the specialty chemicals company's stock valued at $2,358,571,000 after acquiring an additional 171,281 shares during the period. Freemont Capital Pte Ltd acquired a new position in International Flavors & Fragrances in the fourth quarter valued at about $2,143,882,000. First Pacific Advisors LP grew its stake in International Flavors & Fragrances by 0.8% in the first quarter. First Pacific Advisors LP now owns 4,062,075 shares of the specialty chemicals company's stock valued at $315,258,000 after acquiring an additional 32,302 shares during the period. Finally, Invesco Ltd. grew its stake in International Flavors & Fragrances by 15.3% in the first quarter. Invesco Ltd. now owns 2,992,437 shares of the specialty chemicals company's stock valued at $232,243,000 after acquiring an additional 397,327 shares during the period. 96.02% of the stock is owned by institutional investors and hedge funds.

International Flavors & Fragrances Stock Down 1.4%

IFF traded down $0.95 on Wednesday, hitting $65.60. 1,815,162 shares of the company were exchanged, compared to its average volume of 2,383,648. International Flavors & Fragrances Inc. has a 12 month low of $62.33 and a 12 month high of $106.77. The company has a market cap of $16.81 billion, a PE ratio of -42.32, a PEG ratio of 2.92 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. The stock's fifty day moving average is $71.23 and its 200-day moving average is $75.01.

International Flavors & Fragrances (NYSE:IFF - Get Free Report) last released its earnings results on Tuesday, August 5th. The specialty chemicals company reported $1.15 earnings per share (EPS) for the quarter, topping the consensus estimate 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 business had revenue of $2.76 billion for the quarter, compared to analyst estimates of $2.69 billion. During the same quarter in the prior year, the company posted $1.16 earnings per share. International Flavors & Fragrances's revenue was down 4.3% on a year-over-year basis. International Flavors & Fragrances has set its FY 2025 guidance at EPS. Equities research analysts predict that International Flavors & Fragrances Inc. will post 4.32 EPS for the current fiscal year.

International Flavors & Fragrances Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, October 10th. Investors of record on Monday, September 29th will be issued a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a yield of 2.4%. The ex-dividend date is Monday, September 29th. International Flavors & Fragrances's dividend payout ratio is presently -103.23%.

Analysts Set New Price Targets

A number of analysts have recently commented on the company. Citigroup boosted their price target on International Flavors & Fragrances from $84.00 to $90.00 and gave the company a "buy" rating in a report on Thursday, May 8th. Tigress Financial restated a "buy" rating and issued a $105.00 price target on shares of International Flavors & Fragrances in a report on Tuesday, August 26th. UBS Group cut their price target on International Flavors & Fragrances from $83.00 to $79.00 and set a "neutral" rating on the stock in a report on Wednesday, August 6th. Oppenheimer lowered International Flavors & Fragrances from an "outperform" rating to a "market perform" rating in a report on Thursday, August 7th. Finally, Morgan Stanley cut their price target on International Flavors & Fragrances from $100.00 to $98.00 and set an "overweight" rating on the stock in a report on Tuesday, May 13th. Twelve analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has given a Sell rating to the company's stock. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $92.36.

Insider Activity at International Flavors & Fragrances

In other International Flavors & Fragrances news, CEO J Erik Fyrwald acquired 15,300 shares of the company's stock in a transaction on 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 completion of the purchase, the chief executive officer directly owned 77,370 shares of the company's stock, valued at approximately $5,025,181.50. This represents a 24.65% increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Paul J. Fribourg acquired 15,450 shares of the company's stock in a transaction 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 directly owned 15,450 shares of the company's stock, valued at approximately $1,001,160. This trade represents a ∞ increase in their ownership of the stock. The disclosure for this purchase can be found here. 0.17% of the stock is owned by corporate insiders.

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.