Dynamic Technology Lab Private Ltd Makes New Investment in International Flavors & Fragrances Inc. $IFF

Key Points

• Dynamic Technology Lab Private Ltd made an investment of approximately $894,000 in International Flavors & Fragrances Inc., acquiring 11,512 shares in the first quarter.
• Multiple hedge funds, including Dodge & Cox and Vanguard Group Inc., have also increased their stakes in the company, with a high percentage of the stock (96.02%) owned by institutional investors.
• International Flavors & Fragrances declared a quarterly dividend of $0.40 per share, with the annualized yield estimated at 2.4%, despite a negative net margin of 3.48% for the latest quarter.

Dynamic Technology Lab Private Ltd purchased a new stake in International Flavors & Fragrances Inc. (NYSE:IFF - Free Report) in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor purchased 11,512 shares of the specialty chemicals company's stock, valued at approximately $894,000.

Other institutional investors have also made changes to their positions in the company. Banque Transatlantique SA bought a new stake in shares of International Flavors & Fragrances in the first quarter worth $32,000. Zions Bancorporation National Association UT bought a new stake in shares of International Flavors & Fragrances in the first quarter worth $42,000. Mather Group LLC. lifted its position in shares of International Flavors & Fragrances by 179.9% in the first quarter. Mather Group LLC. now owns 655 shares of the specialty chemicals company's stock worth $51,000 after purchasing an additional 421 shares in the last quarter. Smallwood Wealth Investment Management LLC bought a new stake in shares of International Flavors & Fragrances in the first quarter worth $77,000. Finally, Quarry LP lifted its position in shares of International Flavors & Fragrances by 40.0% in the first quarter. Quarry LP now owns 1,295 shares of the specialty chemicals company's stock worth $101,000 after purchasing an additional 370 shares in the last quarter. Institutional investors own 96.02% of the company's stock.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on the stock. 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 research report on Wednesday, August 6th. Tigress Financial reaffirmed a "buy" rating and set a $105.00 price target on shares of International Flavors & Fragrances in a research report on Tuesday, August 26th. Oppenheimer lowered shares of International Flavors & Fragrances from an "outperform" rating to a "market perform" rating in a research report on Thursday, August 7th. Wolfe Research raised shares of International Flavors & Fragrances from an "underperform" rating to a "peer perform" rating in a research report on Monday, September 8th. Finally, Barclays dropped their price target on shares of International Flavors & Fragrances from $84.00 to $78.00 and set an "overweight" rating on the stock in a research report on Friday, August 8th. Twelve research analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $92.36.

International Flavors & Fragrances Stock Performance

Shares of NYSE:IFF traded down $0.67 on Friday, hitting $65.68. The company had a trading volume of 1,921,160 shares, compared to its average volume of 1,718,548. International Flavors & Fragrances Inc. has a 1-year low of $62.33 and a 1-year high of $106.77. The stock has a market cap of $16.83 billion, a price-to-earnings ratio of -42.37, a P/E/G ratio of 2.87 and a beta of 1.07. The stock has a 50 day moving average price of $69.71 and a 200 day moving average price of $74.15. 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 (NYSE:IFF - Get Free Report) last released 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. International Flavors & Fragrances had a negative net margin of 3.48% and a positive return on equity of 7.95%. The firm had revenue of $2.76 billion for the quarter, compared to the consensus estimate of $2.69 billion. During the same period in the previous year, the company earned $1.16 earnings per share. The company's quarterly revenue was down 4.3% on a year-over-year basis. International Flavors & Fragrances has set its FY 2025 guidance at EPS. Analysts expect that International Flavors & Fragrances Inc. will post 4.32 EPS 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. Investors of record on Monday, September 29th will be paid a $0.40 dividend. The ex-dividend date is Monday, September 29th. This represents a $1.60 annualized dividend and a dividend yield of 2.4%. International Flavors & Fragrances's dividend payout ratio is -103.23%.

Insider Activity

In other International Flavors & Fragrances news, Director Paul J. Fribourg purchased 15,450 shares of the firm's stock in a transaction that occurred on Thursday, August 7th. The shares were acquired at an average cost of $64.80 per share, for a total transaction of $1,001,160.00. Following the completion of the purchase, the director owned 15,450 shares of the company's stock, valued at approximately $1,001,160. The trade was a ∞ increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO J Erik Fyrwald purchased 15,300 shares of the firm's stock in a transaction that occurred 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 completion of the purchase, the chief executive officer directly owned 77,370 shares of the company's stock, valued at $5,025,181.50. This represents a 24.65% 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 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.