Callan Family Office LLC Acquires 44,457 Shares of International Flavors & Fragrances Inc. $IFF

Key Points

• Callan Family Office LLC increased its stake in International Flavors & Fragrances Inc. by 231.3%, acquiring an additional 44,457 shares, bringing its total to 63,680 shares valued at approximately $4.68 million.
• CEO J Erik Fyrwald acquired 15,300 shares at an average price of $64.95 per share, raising his total ownership to 77,370 shares, valued at over $5 million.
• The company reported Q2 revenue of $2.76 billion, exceeding analysts' expectations, but experienced a 4.3% year-over-year decline in revenue.

Callan Family Office LLC boosted its holdings in International Flavors & Fragrances Inc. (NYSE:IFF - Free Report) by 231.3% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 63,680 shares of the specialty chemicals company's stock after acquiring an additional 44,457 shares during the quarter. Callan Family Office LLC's holdings in International Flavors & Fragrances were worth $4,684,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in IFF. Park Avenue Securities LLC lifted its position in International Flavors & Fragrances by 25.7% in the 1st quarter. Park Avenue Securities LLC now owns 6,433 shares of the specialty chemicals company's stock valued at $499,000 after acquiring an additional 1,315 shares in the last quarter. Farther Finance Advisors LLC lifted its position 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 valued at $119,000 after acquiring an additional 501 shares in the last quarter. SG Americas Securities LLC lifted its position in International Flavors & Fragrances by 77.3% in the 1st quarter. SG Americas Securities LLC now owns 17,297 shares of the specialty chemicals company's stock valued at $1,342,000 after acquiring an additional 7,540 shares in the last quarter. CX Institutional bought a new position in International Flavors & Fragrances in the 1st quarter valued at approximately $138,000. Finally, Simon Quick Advisors LLC bought a new position in International Flavors & Fragrances in the 1st quarter valued at approximately $283,000. 96.02% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other International Flavors & Fragrances news, CEO J Erik Fyrwald purchased 15,300 shares of the business's stock in a transaction on Thursday, August 7th. The stock was acquired at an average price of $64.95 per share, for a total transaction of $993,735.00. Following the purchase, the chief executive officer owned 77,370 shares of the company's stock, valued at approximately $5,025,181.50. This represents a 24.65% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Paul J. Fribourg purchased 15,450 shares of the business's stock in a transaction on 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 in the company, valued at $1,001,160. This represents a ∞ increase in their position. The disclosure for this purchase can be found here. Corporate insiders own 0.20% of the company's stock.

International Flavors & Fragrances Price Performance

Shares of International Flavors & Fragrances stock opened at $59.59 on Friday. International Flavors & Fragrances Inc. has a one year low of $59.14 and a one year high of $106.77. The stock's fifty day moving average is $64.49 and its 200 day moving average is $71.63. The stock has a market cap of $15.27 billion, a P/E ratio of -38.45, a P/E/G ratio of 2.61 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.

International Flavors & Fragrances (NYSE:IFF - Get Free Report) last announced its earnings results on Tuesday, August 5th. The specialty chemicals company reported $1.15 EPS for the quarter, topping analysts' consensus estimates 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 company had revenue of $2.76 billion for the quarter, compared to analysts' expectations of $2.69 billion. During the same period last year, the firm earned $1.16 EPS. International Flavors & Fragrances's revenue for the quarter was down 4.3% compared to the same quarter last year. International Flavors & Fragrances has set its FY 2025 guidance at EPS. Sell-side analysts anticipate that International Flavors & Fragrances Inc. will post 4.32 earnings per share for the current year.

International Flavors & Fragrances Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, October 10th. Shareholders of record on Monday, September 29th were paid a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a yield of 2.7%. The ex-dividend date was Monday, September 29th. International Flavors & Fragrances's dividend payout ratio is presently -103.23%.

Analyst Ratings Changes

Several equities analysts have recently weighed in on IFF shares. Berenberg Bank lowered their price target on International Flavors & Fragrances from $78.80 to $78.30 and set a "hold" rating on the stock in a report on Monday, September 29th. UBS Group lowered their price target on International Flavors & Fragrances from $71.00 to $66.00 and set a "neutral" rating on the stock in a report on Monday, October 6th. Wells Fargo & Company lowered their price target 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. Argus lowered their price target on International Flavors & Fragrances from $85.00 to $70.00 and set a "buy" rating on the stock in a report on Tuesday. Finally, BNP Paribas lowered their price target on International Flavors & Fragrances from $92.00 to $91.00 in a report on Monday, September 29th. Thirteen equities research analysts have rated the stock with a Buy rating, four have given a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $87.57.

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.

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