Chicago Capital LLC Raises Stake in International Flavors & Fragrances Inc. $IFF

Chicago Capital LLC boosted its position in International Flavors & Fragrances Inc. (NYSE:IFF - Free Report) by 79.2% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 15,878 shares of the specialty chemicals company's stock after purchasing an additional 7,016 shares during the period. Chicago Capital LLC's holdings in International Flavors & Fragrances were worth $1,168,000 as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of the business. Dodge & Cox grew its stake in International Flavors & Fragrances by 7.4% during the first quarter. Dodge & Cox now owns 33,774,607 shares of the specialty chemicals company's stock valued at $2,621,247,000 after acquiring an additional 2,336,844 shares in the last quarter. Vanguard Group Inc. increased its stake in shares of 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 worth $2,358,571,000 after buying an additional 171,281 shares during the period. First Pacific Advisors LP boosted its holdings 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 purchasing an additional 32,302 shares during the period. Invesco Ltd. lifted its holdings in International Flavors & Fragrances by 15.3% in the 1st quarter. Invesco Ltd. now owns 2,992,437 shares of the specialty chemicals company's stock worth $232,243,000 after buying an additional 397,327 shares during the period. Finally, Charles Schwab Investment Management Inc. boosted its holdings in International Flavors & Fragrances by 2.1% in the first quarter. Charles Schwab Investment Management Inc. now owns 1,577,723 shares of the specialty chemicals company's stock valued at $122,447,000 after acquiring an additional 32,005 shares in the last quarter. Hedge funds and other institutional investors own 96.02% of the company's stock.

Insider Transactions at International Flavors & Fragrances

In other International Flavors & Fragrances news, CEO J Erik Fyrwald bought 15,300 shares of the firm's stock in a transaction that occurred on Thursday, August 7th. The shares were bought at an average price of $64.95 per share, with a total value of $993,735.00. Following the purchase, the chief executive officer owned 77,370 shares of the company's stock, valued at $5,025,181.50. This trade represents a 24.65% increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Paul J. Fribourg acquired 15,450 shares of the business's stock in a transaction on Thursday, August 7th. The shares were 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 in the company, valued at approximately $1,001,160. This represents a ∞ increase in their ownership of the stock. The disclosure for this purchase can be found here. Corporate insiders own 0.17% of the company's stock.

International Flavors & Fragrances Price Performance

NYSE IFF opened at $61.63 on Wednesday. The business's fifty day moving average is $66.57 and its 200 day moving average is $72.59. International Flavors & Fragrances Inc. has a fifty-two week low of $59.89 and a fifty-two week high of $106.77. The company has a debt-to-equity ratio of 0.39, a quick ratio of 1.12 and a current ratio of 1.86. The company has a market capitalization of $15.80 billion, a PE ratio of -39.76, a price-to-earnings-growth ratio of 2.64 and a beta of 1.07.

International Flavors & Fragrances (NYSE:IFF - Get Free Report) last posted 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. International Flavors & Fragrances had a positive return on equity of 7.95% and a negative net margin of 3.48%.The firm had revenue of $2.76 billion for the quarter, compared to analysts' expectations of $2.69 billion. During the same period in the previous year, the firm earned $1.16 EPS. The business's quarterly revenue was down 4.3% on a year-over-year basis. International Flavors & Fragrances has set its FY 2025 guidance at EPS. Sell-side analysts predict that International Flavors & Fragrances Inc. will post 4.32 earnings per share for the current year.

International Flavors & Fragrances Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, October 10th. Shareholders of record on Monday, September 29th will be issued a dividend of $0.40 per share. The ex-dividend date of this dividend is Monday, September 29th. This represents a $1.60 dividend on an annualized basis and a yield of 2.6%. International Flavors & Fragrances's dividend payout ratio (DPR) is currently -103.23%.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on IFF shares. Berenberg Bank decreased their price objective on International Flavors & Fragrances from $78.80 to $78.30 and set a "hold" rating for the company in a report on Monday. BNP Paribas reduced their target price on International Flavors & Fragrances from $92.00 to $91.00 in a report on Monday. Oppenheimer downgraded International Flavors & Fragrances from an "outperform" rating to a "market perform" rating in a report on Thursday, August 7th. Barclays reduced their price objective on International Flavors & Fragrances from $84.00 to $78.00 and set an "overweight" rating for the company in a report on Friday, August 8th. Finally, UBS Group dropped their price target on shares of International Flavors & Fragrances from $83.00 to $79.00 and set a "neutral" rating on the stock in a report on Wednesday, August 6th. Thirteen equities research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $90.96.

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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