Dimensional Fund Advisors LP Sells 44,071 Shares of International Flavors & Fragrances Inc. $IFF

Key Points

• Dimensional Fund Advisors LP reduced its holdings in International Flavors & Fragrances Inc. by 2.3%, selling 44,071 shares, and now owns approximately 1.9 million shares valued at $147.68 million.
• The company reported $2.76 billion in revenue for the last quarter, surpassing analysts' expectations, although quarterly revenue declined by 4.3% year-over-year.
• A quarterly dividend of $0.40 per share has been announced, representing a 2.4% yield, with an ex-dividend date set for September 29th.

Dimensional Fund Advisors LP decreased its holdings in shares of International Flavors & Fragrances Inc. (NYSE:IFF - Free Report) by 2.3% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The firm owned 1,903,237 shares of the specialty chemicals company's stock after selling 44,071 shares during the period. Dimensional Fund Advisors LP owned approximately 0.74% of International Flavors & Fragrances worth $147,680,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Zions Bancorporation National Association UT bought a new stake in shares of International Flavors & Fragrances during the 1st quarter valued at about $42,000. Mather Group LLC. raised its stake in International Flavors & Fragrances by 179.9% in the first quarter. Mather Group LLC. now owns 655 shares of the specialty chemicals company's stock valued at $51,000 after purchasing an additional 421 shares in the last quarter. Quarry LP bought a new stake in International Flavors & Fragrances during the fourth quarter valued at approximately $78,000. Smallwood Wealth Investment Management LLC purchased a new position in International Flavors & Fragrances in the 1st quarter worth approximately $77,000. Finally, Strengthening Families & Communities LLC increased its holdings in shares of 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 buying an additional 420 shares during the last quarter. 96.02% of the stock is currently owned by institutional investors.

International Flavors & Fragrances Price Performance

IFF stock opened at $66.0550 on Thursday. The stock has a market capitalization of $16.93 billion, a price-to-earnings ratio of -42.62, a PEG ratio of 2.85 and a beta of 1.04. The firm's 50-day moving average price is $72.73 and its two-hundred day moving average price is $76.22. The company has a current ratio of 1.86, a quick ratio of 1.12 and a debt-to-equity ratio of 0.39. International Flavors & Fragrances Inc. has a 12-month low of $62.33 and a 12-month 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 (EPS) for the quarter, topping the consensus estimate 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 earnings per share. International Flavors & Fragrances's quarterly revenue was down 4.3% on a year-over-year basis. International Flavors & Fragrances has set its FY 2025 guidance at EPS. As a group, equities analysts predict 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 announced a quarterly dividend, which will be paid on Friday, October 10th. Investors of record on Monday, September 29th will be issued a dividend of $0.40 per share. 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 dividend payout ratio is currently -103.23%.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on IFF shares. Wells Fargo & Company dropped their price objective 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. Morgan Stanley dropped their price target on International Flavors & Fragrances from $100.00 to $98.00 and set an "overweight" rating for the company in a research note on Tuesday, May 13th. Oppenheimer lowered International Flavors & Fragrances from an "outperform" rating to a "market perform" rating in a research report on Thursday, August 7th. Barclays decreased their price objective on International Flavors & Fragrances from $84.00 to $78.00 and set an "overweight" rating on the stock in a report on Friday, August 8th. Finally, Citigroup upped their target price on International Flavors & Fragrances from $84.00 to $90.00 and gave the stock a "buy" rating in a research note on Thursday, May 8th. Twelve research analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $92.36.

Insiders Place Their Bets

In related news, CEO J Erik Fyrwald bought 15,300 shares of the company's stock in a transaction dated Thursday, August 7th. The stock was purchased at an average cost of $64.95 per share, with a total value of $993,735.00. Following the transaction, the chief executive officer owned 77,370 shares in the company, valued at approximately $5,025,181.50. This trade represents a 24.65% increase in their position. The purchase 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 International Flavors & Fragrances stock in a transaction that occurred on Thursday, August 7th. The shares were bought at an average price of $64.80 per share, for a total transaction of $1,001,160.00. Following the transaction, the director directly owned 15,450 shares of the company's stock, 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. Company insiders own 0.20% of the company's stock.

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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