Cantor Fitzgerald Investment Advisors L.P. Increases Stock Holdings in International Flavors & Fragrances Inc. $IFF

Key Points

• Cantor Fitzgerald Investment Advisors L.P. increased its holdings in International Flavors & Fragrances by 33.6%, owning approximately 144,016 shares valued at $10.59 million after purchasing an additional 36,205 shares in Q2.
• Insider trading showed significant buying activity, with CEO J Erik Fyrwald acquiring 15,300 shares and Director Paul J. Fribourg adding 15,450 shares to their holdings in August.
• Analysts have lowered price targets for the stock, with Barclays decreasing their target from $84.00 to $78.00, while the consensus rating remains a "Moderate Buy" with an average price target of $90.96.

Cantor Fitzgerald Investment Advisors L.P. grew its holdings in shares of International Flavors & Fragrances Inc. (NYSE:IFF - Free Report) by 33.6% in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 144,016 shares of the specialty chemicals company's stock after purchasing an additional 36,205 shares during the quarter. Cantor Fitzgerald Investment Advisors L.P. owned approximately 0.06% of International Flavors & Fragrances worth $10,592,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Banque Transatlantique SA bought a new stake in shares of International Flavors & Fragrances during the 1st quarter valued at $32,000. American National Bank & Trust grew its holdings in International Flavors & Fragrances by 11,975.0% during the second quarter. American National Bank & Trust now owns 483 shares of the specialty chemicals company's stock valued at $36,000 after purchasing an additional 479 shares during the period. Zions Bancorporation National Association UT purchased a new stake in International Flavors & Fragrances in the first quarter worth about $42,000. Geneos Wealth Management Inc. raised its stake in shares of International Flavors & Fragrances by 55.7% in the first quarter. Geneos Wealth Management Inc. now owns 587 shares of the specialty chemicals company's stock worth $46,000 after buying an additional 210 shares during the period. Finally, Mather Group LLC. lifted its position in shares of International Flavors & Fragrances by 179.9% during the 1st quarter. Mather Group LLC. now owns 655 shares of the specialty chemicals company's stock valued at $51,000 after buying an additional 421 shares in the last quarter. Hedge funds and other institutional investors own 96.02% of the company's stock.

Insider Activity

In related news, Director Paul J. Fribourg purchased 15,450 shares of the firm's stock in a transaction on Thursday, August 7th. The stock was bought at an average cost of $64.80 per share, with a total value of $1,001,160.00. Following the completion of the acquisition, the director owned 15,450 shares of the company's stock, valued at $1,001,160. The trade was a ∞ increase in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CEO J Erik Fyrwald acquired 15,300 shares of the company's stock in a transaction dated Thursday, August 7th. The shares were purchased at an average cost of $64.95 per share, for a total transaction of $993,735.00. Following the purchase, the chief executive officer directly owned 77,370 shares in the company, valued at approximately $5,025,181.50. This trade represents a 24.65% increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders own 0.20% of the company's stock.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on the stock. Barclays reduced their price objective on shares of International Flavors & Fragrances from $84.00 to $78.00 and set an "overweight" rating for the company in a research note on Friday, August 8th. BNP Paribas Exane lowered their target price on International Flavors & Fragrances from $96.00 to $92.00 and set an "outperform" rating for the company in a research report on Thursday, September 11th. UBS Group dropped their price objective on shares of International Flavors & Fragrances from $83.00 to $79.00 and set a "neutral" rating for the company in a research note on Wednesday, August 6th. Morgan Stanley lowered their price objective on International Flavors & Fragrances from $92.00 to $90.00 and set an "overweight" rating for the company in a research note on Monday, September 22nd. Finally, BNP Paribas reduced their target price on shares of International Flavors & Fragrances from $92.00 to $91.00 in a research note on Monday. Thirteen research analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $90.96.

International Flavors & Fragrances Stock Performance

Shares of IFF stock opened at $60.96 on Thursday. International Flavors & Fragrances Inc. has a 12-month low of $59.89 and a 12-month high of $106.77. The business's fifty day simple moving average is $66.24 and its 200-day simple moving average is $72.51. The company has a current ratio of 1.86, a quick ratio of 1.12 and a debt-to-equity ratio of 0.39. The company has a market cap of $15.62 billion, a PE ratio of -39.33, a PEG ratio of 2.67 and a beta of 1.08.

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 EPS for the quarter, beating the consensus estimate 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 negative net margin of 3.48% and a positive return on equity of 7.95%. International Flavors & Fragrances's revenue was down 4.3% on a year-over-year basis. During the same period last year, the firm posted $1.16 EPS. International Flavors & Fragrances has set its FY 2025 guidance at EPS. Analysts expect that International Flavors & Fragrances Inc. will post 4.32 earnings per share for the current fiscal year.

International Flavors & Fragrances Announces Dividend

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 dividend yield of 2.6%. International Flavors & Fragrances's dividend payout ratio (DPR) is presently -103.23%.

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.

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