6,400 Shares in International Flavors & Fragrances Inc. $IFF Purchased by Chiron Capital Management LLC

Key Points

• Chiron Capital Management LLC acquired a new position in International Flavors & Fragrances Inc. (IFF), purchasing 6,400 shares valued at approximately $497,000 in the first quarter.
• International Flavors & Fragrances reported a quarterly EPS of $1.15, surpassing analysts' estimates of $1.11, despite a revenue decline of 4.3% year-over-year.
• The company recently announced a quarterly dividend of $0.40 per share, with a dividend yield of 2.4%, set to be paid on October 10th.

Chiron Capital Management LLC bought a new position in shares of International Flavors & Fragrances Inc. (NYSE:IFF - Free Report) during the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 6,400 shares of the specialty chemicals company's stock, valued at approximately $497,000.

Several other institutional investors and hedge funds have also bought and sold shares of IFF. Zions Bancorporation National Association UT acquired a new position in International Flavors & Fragrances during the first quarter worth $42,000. Mather Group LLC. lifted its position 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 valued at $51,000 after acquiring an additional 421 shares in the last quarter. Smallwood Wealth Investment Management LLC bought a new position in International Flavors & Fragrances in the 1st quarter valued at about $77,000. Quarry LP lifted its position in International Flavors & Fragrances by 40.0% in the 1st quarter. Quarry LP now owns 1,295 shares of the specialty chemicals company's stock valued at $101,000 after acquiring an additional 370 shares in the last quarter. Finally, Strengthening Families & Communities LLC lifted its position 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 valued at $107,000 after acquiring an additional 420 shares in the last quarter. 96.02% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several equities analysts recently weighed in on the stock. Tigress Financial reaffirmed a "buy" rating and issued a $105.00 price target on shares of International Flavors & Fragrances in a research report on Tuesday, August 26th. Morgan Stanley lowered their target price on shares of International Flavors & Fragrances from $100.00 to $98.00 and set an "overweight" rating for the company in a report on Tuesday, May 13th. Wells Fargo & Company lowered their target price on shares of International Flavors & Fragrances from $90.00 to $85.00 and set an "overweight" rating for the company in a report on Thursday, August 7th. Barclays lowered their target price on shares of 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, Oppenheimer downgraded shares of International Flavors & Fragrances from an "outperform" rating to a "market perform" rating in a report on Thursday, August 7th. Twelve equities research analysts have rated the stock with a Buy rating, two have given a Hold rating and one has issued a Sell rating to the company's stock. Based on data from MarketBeat.com, International Flavors & Fragrances has an average rating of "Moderate Buy" and an average price target of $92.36.

International Flavors & Fragrances Stock Performance

Shares of IFF traded up $0.44 during trading hours on Friday, hitting $65.97. The company's stock had a trading volume of 1,872,078 shares, compared to its average volume of 2,053,432. The company has a market cap of $16.91 billion, a price-to-earnings ratio of -42.56, a PEG ratio of 2.84 and a beta of 1.07. 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 business has a 50 day simple moving average of $70.72 and a two-hundred day simple moving average of $74.67. 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 posted its earnings results on Tuesday, August 5th. The specialty chemicals company reported $1.15 earnings per share for the quarter, topping the consensus estimate of $1.11 by $0.04. The firm had revenue of $2.76 billion during the quarter, compared to the consensus estimate 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 was down 4.3% on a year-over-year basis. During the same quarter last year, the company earned $1.16 earnings per share. International Flavors & Fragrances has set its FY 2025 guidance at EPS. On average, equities analysts expect that International Flavors & Fragrances Inc. will post 4.32 earnings per share for the current fiscal year.

International Flavors & Fragrances Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, October 10th. Stockholders of record on Monday, September 29th will be issued a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a dividend yield of 2.4%. The ex-dividend date is Monday, September 29th. International Flavors & Fragrances's payout ratio is presently -103.23%.

Insider Buying and Selling at International Flavors & Fragrances

In other news, CEO J Erik Fyrwald purchased 15,300 shares of the company's stock in a transaction on Thursday, August 7th. The stock was acquired at an average price of $64.95 per share, with a total value of $993,735.00. Following the transaction, the chief executive officer directly 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 acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Paul J. Fribourg purchased 15,450 shares of the company's stock in a transaction on Thursday, August 7th. The shares were purchased at an average cost of $64.80 per share, with a total value of $1,001,160.00. Following the transaction, the director directly owned 15,450 shares in the company, valued at $1,001,160. This trade represents a ∞ 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.

About International Flavors & Fragrances

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.