Amundi Boosts Stake in International Flavors & Fragrances Inc. $IFF

Amundi grew its position in shares of International Flavors & Fragrances Inc. (NYSE:IFF - Free Report) by 1.4% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 497,827 shares of the specialty chemicals company's stock after purchasing an additional 6,814 shares during the quarter. Amundi owned approximately 0.19% of International Flavors & Fragrances worth $38,059,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. Zions Bancorporation National Association UT bought a new position in International Flavors & Fragrances during the 1st quarter worth approximately $42,000. Mather Group LLC. lifted its holdings in International Flavors & Fragrances by 179.9% in the 1st quarter. Mather Group LLC. now owns 655 shares of the specialty chemicals company's stock worth $51,000 after buying an additional 421 shares during the period. Smallwood Wealth Investment Management LLC purchased a new stake in International Flavors & Fragrances in the 1st quarter worth approximately $77,000. Quarry LP lifted its holdings in International Flavors & Fragrances by 40.0% in the 1st quarter. Quarry LP now owns 1,295 shares of the specialty chemicals company's stock worth $101,000 after buying an additional 370 shares during the period. Finally, Strengthening Families & Communities LLC lifted its holdings in International Flavors & Fragrances by 43.6% in the 1st quarter. Strengthening Families & Communities LLC now owns 1,384 shares of the specialty chemicals company's stock worth $107,000 after buying an additional 420 shares during the period. 96.02% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other International Flavors & Fragrances news, CEO J Erik Fyrwald purchased 15,300 shares of the firm's stock in a transaction dated Thursday, August 7th. The stock was 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 $5,025,181.50. This trade represents a 24.65% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director Paul J. Fribourg purchased 15,450 shares of the firm's stock in a transaction dated Thursday, August 7th. The stock was acquired at an average price of $64.80 per share, with a total value 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. The trade was a ∞ increase in their ownership of the stock. The disclosure for this purchase can be found here. 0.20% of the stock is currently owned by insiders.

International Flavors & Fragrances Stock Down 1.1%

NYSE:IFF traded down $0.75 during trading hours on Friday, reaching $65.60. 562,330 shares of the company traded hands, compared to its average volume of 1,810,290. The business's 50-day moving average price is $69.93 and its two-hundred day moving average price is $74.25. The stock has a market capitalization of $16.81 billion, a P/E ratio of -42.34, a P/E/G ratio of 2.79 and a beta of 1.07. International Flavors & Fragrances Inc. has a 1 year low of $62.33 and a 1 year high of $106.77. The company has a current ratio of 1.86, a quick ratio of 1.12 and a debt-to-equity ratio of 0.39.

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, beating analysts' consensus estimates of $1.11 by $0.04. The business had revenue of $2.76 billion during the quarter, compared to analysts' expectations 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 firm'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 earnings per share. International Flavors & Fragrances has set its FY 2025 guidance at EPS. Analysts predict that International Flavors & Fragrances Inc. will post 4.32 earnings per share for the current year.

International Flavors & Fragrances Dividend Announcement

The business also recently disclosed 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 2.4%. International Flavors & Fragrances's payout ratio is presently -103.23%.

Analyst Ratings Changes

Several equities research analysts have weighed in on the company. Wells Fargo & Company dropped their price objective on International Flavors & Fragrances from $90.00 to $85.00 and set an "overweight" rating for the company in a report on Thursday, August 7th. Wolfe Research upgraded International Flavors & Fragrances from an "underperform" rating to a "peer perform" rating in a report on Monday. UBS Group dropped their price objective on International Flavors & Fragrances from $83.00 to $79.00 and set a "neutral" rating for the company in a report on Wednesday, August 6th. Oppenheimer lowered International Flavors & Fragrances from an "outperform" rating to a "market perform" rating in a research report on Thursday, August 7th. Finally, Barclays decreased their price objective on International Flavors & Fragrances from $84.00 to $78.00 and set an "overweight" rating for the company in a report on Friday, August 8th. Twelve research 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's stock. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price of $92.36.

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.