APG Asset Management N.V. Has $12.09 Million Stake in International Flavors & Fragrances Inc. $IFF

Key Points

• APG Asset Management N.V. reduced its stake in International Flavors & Fragrances Inc. by 5.2%, leaving it with approximately 168,211 shares valued at about $12 million.
• Several hedge funds have recently increased or initiated their positions in International Flavors & Fragrances, indicating a heightened interest in the stock, with hedge funds collectively owning 96.02% of the company.
• The company announced a dividend of $0.40 per share, payable on October 10, and has set its FY 2025 earnings guidance, with analysts forecasting an EPS of 4.32 for the current fiscal year.

APG Asset Management N.V. lessened its position in International Flavors & Fragrances Inc. (NYSE:IFF - Free Report) by 5.2% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 168,211 shares of the specialty chemicals company's stock after selling 9,214 shares during the period. APG Asset Management N.V. owned approximately 0.07% of International Flavors & Fragrances worth $12,086,000 as of its most recent filing with the SEC.

Several other large investors have also recently bought and sold shares of the company. Vanguard Group Inc. increased 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 purchasing an additional 171,281 shares in the last quarter. Freemont Capital Pte Ltd bought a new stake in shares of International Flavors & Fragrances during the fourth quarter worth $2,143,882,000. First Pacific Advisors LP increased its position in shares of International Flavors & Fragrances by 0.8% during the first quarter. First Pacific Advisors LP now owns 4,062,075 shares of the specialty chemicals company's stock worth $315,258,000 after acquiring an additional 32,302 shares in the last quarter. Northern Trust Corp increased its position in shares of International Flavors & Fragrances by 19.9% during the fourth quarter. Northern Trust Corp now owns 3,407,262 shares of the specialty chemicals company's stock worth $288,084,000 after acquiring an additional 565,769 shares in the last quarter. Finally, Invesco Ltd. increased its position in shares of International Flavors & Fragrances by 15.3% during the first quarter. Invesco Ltd. now owns 2,992,437 shares of the specialty chemicals company's stock worth $232,243,000 after acquiring an additional 397,327 shares in the last quarter. Institutional investors own 96.02% of the company's stock.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on IFF. Citigroup increased their price objective on shares of International Flavors & Fragrances from $84.00 to $90.00 and gave the stock a "buy" rating in a research report on Thursday, May 8th. Robert W. Baird lowered their price objective on shares of International Flavors & Fragrances from $110.00 to $100.00 and set an "outperform" rating for the company in a research report on Thursday, May 8th. Wells Fargo & Company lowered their price objective on shares of International Flavors & Fragrances from $90.00 to $85.00 and set an "overweight" rating for the company in a research report on Thursday, August 7th. Oppenheimer downgraded shares of International Flavors & Fragrances from an "outperform" rating to a "market perform" rating in a research report on Thursday, August 7th. Finally, Tigress Financial restated a "buy" rating and set a $105.00 target price on shares of International Flavors & Fragrances in a report on Tuesday. Twelve analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, International Flavors & Fragrances currently has an average rating of "Moderate Buy" and an average target price of $92.36.

International Flavors & Fragrances Stock Performance

IFF stock traded up $0.34 during trading hours on Thursday, reaching $67.12. The stock had a trading volume of 1,467,551 shares, compared to its average volume of 2,506,965. The stock has a market capitalization of $17.20 billion, a PE ratio of -43.30, a price-to-earnings-growth ratio of 2.89 and a beta of 1.04. 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 stock has a 50-day simple moving average of $71.65 and a 200 day simple moving average of $75.46. International Flavors & Fragrances Inc. has a fifty-two week low of $62.33 and a fifty-two week high of $106.77.

International Flavors & Fragrances (NYSE:IFF - Get Free Report) last announced its quarterly earnings results on Tuesday, August 5th. The specialty chemicals company reported $1.15 EPS for the quarter, beating analysts' consensus estimates of $1.11 by $0.04. The firm had revenue of $2.76 billion during the quarter, compared to analysts' expectations of $2.69 billion. International Flavors & Fragrances had a negative net margin of 3.48% and a positive return on equity of 7.95%. The company's revenue for the quarter was down 4.3% compared to the same quarter last year. During the same quarter last year, the company posted $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 EPS for the current fiscal year.

International Flavors & Fragrances Dividend Announcement

The business 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. 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 dividend payout ratio is -103.23%.

Insider Activity

In related news, CEO J Erik Fyrwald purchased 15,300 shares of the stock in a transaction on Thursday, August 7th. The shares were purchased at an average cost of $64.95 per share, with a total value of $993,735.00. Following the acquisition, the chief executive officer directly owned 77,370 shares in the company, valued at $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 stock in a transaction on Thursday, August 7th. The stock was bought at an average cost of $64.80 per share, for a total transaction of $1,001,160.00. Following the completion of the acquisition, the director owned 15,450 shares in the company, 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. 0.20% of the stock is 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.