Amundi Purchases 161,545 Shares of International Flavors & Fragrances Inc. $IFF

Amundi grew its position in shares of International Flavors & Fragrances Inc. (NYSE:IFF - Free Report) by 29.5% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 708,906 shares of the specialty chemicals company's stock after purchasing an additional 161,545 shares during the quarter. Amundi owned approximately 0.28% of International Flavors & Fragrances worth $51,431,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. Tran Capital Management L.P. purchased a new stake in shares of International Flavors & Fragrances during the fourth quarter valued at approximately $21,924,000. First Eagle Investment Management LLC grew its holdings in International Flavors & Fragrances by 27.5% in the 4th quarter. First Eagle Investment Management LLC now owns 8,831,668 shares of the specialty chemicals company's stock worth $595,166,000 after acquiring an additional 1,904,598 shares during the last quarter. Swiss Life Asset Management Ltd raised its stake in shares of International Flavors & Fragrances by 117.0% during the fourth quarter. Swiss Life Asset Management Ltd now owns 148,377 shares of the specialty chemicals company's stock valued at $9,999,000 after acquiring an additional 80,014 shares during the last quarter. UBS Group AG grew its stake in shares of International Flavors & Fragrances by 53.5% in the fourth quarter. UBS Group AG now owns 1,695,343 shares of the specialty chemicals company's stock worth $114,249,000 after purchasing an additional 590,997 shares during the last quarter. Finally, Cantor Fitzgerald Investment Advisors L.P. increased its holdings in International Flavors & Fragrances by 38.1% during the 4th quarter. Cantor Fitzgerald Investment Advisors L.P. now owns 199,302 shares of the specialty chemicals company's stock valued at $13,431,000 after purchasing an additional 54,971 shares during the period. 96.02% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on IFF shares. Citigroup reduced their target price on International Flavors & Fragrances from $96.00 to $88.00 and set a "buy" rating on the stock in a research note on Wednesday, June 24th. Benchmark assumed coverage on shares of International Flavors & Fragrances in a research report on Tuesday, June 9th. They issued a "buy" rating and a $100.00 target price for the company. Deutsche Bank Aktiengesellschaft decreased their target price on International Flavors & Fragrances from $95.00 to $90.00 and set a "buy" rating for the company in a research report on Monday, June 1st. Morgan Stanley upped their price target on International Flavors & Fragrances from $93.00 to $95.00 and gave the stock an "overweight" rating in a research note on Wednesday, July 1st. Finally, Oppenheimer lifted their price target on shares of International Flavors & Fragrances from $88.00 to $90.00 and gave the company an "outperform" rating in a research report on Thursday, May 7th. Thirteen investment analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $91.16.

International Flavors & Fragrances Price Performance

NYSE IFF opened at $79.29 on Monday. The company has a debt-to-equity ratio of 0.33, a quick ratio of 0.87 and a current ratio of 1.49. The company has a market capitalization of $20.24 billion, a price-to-earnings ratio of 24.25, a PEG ratio of 1.98 and a beta of 0.93. The stock has a 50-day moving average of $77.02 and a 200 day moving average of $75.03. International Flavors & Fragrances Inc. has a one year low of $59.14 and a one year high of $84.45.

International Flavors & Fragrances (NYSE:IFF - Get Free Report) last announced its quarterly earnings results on Tuesday, May 5th. The specialty chemicals company reported $1.25 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.08 by $0.17. The firm had revenue of $2.74 billion for the quarter, compared to the consensus estimate of $2.64 billion. International Flavors & Fragrances had a net margin of 7.78% and a return on equity of 7.65%. The business's quarterly revenue was down 3.6% compared to the same quarter last year. During the same quarter last year, the firm posted $1.20 EPS. On average, sell-side analysts forecast that International Flavors & Fragrances Inc. will post 4.55 EPS for the current year.

International Flavors & Fragrances Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, October 9th. Shareholders of record on Friday, September 18th will be given a $0.40 dividend. This represents a $1.60 annualized dividend and a yield of 2.0%. The ex-dividend date of this dividend is Friday, September 18th. International Flavors & Fragrances's dividend payout ratio (DPR) is presently 48.93%.

Insider Activity at International Flavors & Fragrances

In other International Flavors & Fragrances news, Director Paul J. Fribourg bought 260,000 shares of International Flavors & Fragrances stock in a transaction on Monday, June 1st. The stock was acquired at an average cost of $74.28 per share, with a total value of $19,312,800.00. Following the completion of the acquisition, the director owned 2,682,730 shares in the company, valued at approximately $199,273,184.40. This represents a 10.73% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 1.07% of the stock is owned by insiders.

International Flavors & Fragrances Profile

International Flavors & Fragrances Inc NYSE: IFF is a global leader in the creation and production of flavors, fragrances, cosmetic actives and nutritional lipids. The company develops taste and scent solutions for a wide array of end markets including food and beverage, personal care, household goods and pharmaceutical products. Its portfolio spans natural and nature-identical flavors, fine fragrances, functional ingredients for skin and hair care, and specialty oils that enhance nutritional value and sensory appeal.

IFF's research and development network comprises innovation centers in North America, Europe, Asia-Pacific and Latin America, where multidisciplinary teams collaborate on aroma chemistry, sensory science and biotechnology.

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