BNP Paribas Financial Markets Purchases 178,948 Shares of International Flavors & Fragrances Inc. $IFF

Key Points

• BNP Paribas Financial Markets increased its stake in International Flavors & Fragrances Inc. by 33.9%, holding approximately $54.88 million worth of shares after acquiring an additional 178,948 shares.
• The company reported an earnings per share of $1.15 for the recent quarter, surpassing analysts' expectations, with a revenue of $2.76 billion despite a year-over-year decline of 4.3%.
• International Flavors & Fragrances announced a quarterly dividend of $0.40, representing a 2.4% annual yield, with the payout scheduled for October 10th.

BNP Paribas Financial Markets grew its position in shares of International Flavors & Fragrances Inc. (NYSE:IFF - Free Report) by 33.9% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 707,059 shares of the specialty chemicals company's stock after buying an additional 178,948 shares during the quarter. BNP Paribas Financial Markets owned 0.28% of International Flavors & Fragrances worth $54,875,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Zions Bancorporation National Association UT bought a new position in International Flavors & Fragrances in the 1st quarter worth $42,000. Mather Group LLC. raised 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 purchasing an additional 421 shares during the period. Smallwood Wealth Investment Management LLC bought a new position in International Flavors & Fragrances in the 1st quarter worth $77,000. Strengthening Families & Communities LLC raised 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 purchasing an additional 420 shares during the period. Finally, Farther Finance Advisors LLC raised its holdings in International Flavors & Fragrances by 48.5% in the 1st quarter. Farther Finance Advisors LLC now owns 1,534 shares of the specialty chemicals company's stock worth $119,000 after purchasing an additional 501 shares during the period. 96.02% of the stock is owned by institutional investors.

International Flavors & Fragrances Price Performance

Shares of International Flavors & Fragrances stock traded down $0.24 during trading on Thursday, reaching $65.47. 907,976 shares of the stock traded hands, compared to its average volume of 1,807,705. The company has a market capitalization of $16.78 billion, a price-to-earnings ratio of -42.22, a P/E/G ratio of 2.92 and a beta of 1.07. The business has a fifty day simple moving average of $71.06 and a two-hundred day simple moving average of $74.94. The company has a debt-to-equity ratio of 0.39, a current ratio of 1.86 and a quick ratio of 1.12. International Flavors & Fragrances Inc. has a 52-week low of $62.33 and a 52-week high of $106.77.

International Flavors & Fragrances (NYSE:IFF - Get Free Report) last issued its quarterly earnings data on Tuesday, August 5th. The specialty chemicals company reported $1.15 earnings per share 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 analyst estimates 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 business's quarterly revenue was down 4.3% compared to the same quarter last year. During the same quarter last year, the business posted $1.16 earnings per share. International Flavors & Fragrances has set its FY 2025 guidance at EPS. Sell-side analysts expect that International Flavors & Fragrances Inc. will post 4.32 EPS for the current year.

International Flavors & Fragrances Announces Dividend

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 given a $0.40 dividend. The ex-dividend date is Monday, September 29th. This represents a $1.60 annualized dividend and a yield of 2.4%. International Flavors & Fragrances's dividend payout ratio (DPR) is currently -103.23%.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on IFF. Wells Fargo & Company decreased their target price on International Flavors & Fragrances from $90.00 to $85.00 and set an "overweight" rating on the stock in a report on Thursday, August 7th. Tigress Financial reissued a "buy" rating and set a $105.00 price target on shares of International Flavors & Fragrances in a report on Tuesday, August 26th. Citigroup raised 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. Morgan Stanley decreased 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. Finally, Robert W. Baird decreased their price target on International Flavors & Fragrances from $110.00 to $100.00 and set an "outperform" rating on the stock in a report on Thursday, May 8th. 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. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $92.36.

Insider Activity

In related news, CEO J Erik Fyrwald purchased 15,300 shares of the company's stock in a transaction that occurred on Thursday, August 7th. The stock was bought at an average price of $64.95 per share, for a total transaction of $993,735.00. Following the completion of the transaction, 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 position. The purchase was disclosed in a filing with the SEC, which is available at the SEC website. 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 bought at an average price of $64.80 per share, with a total value of $1,001,160.00. Following the transaction, the director owned 15,450 shares of the company's stock, valued at $1,001,160. This represents a ∞ increase in their position. The disclosure for this purchase can be found here. Company insiders own 0.20% of the company's stock.

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.