Easterly Investment Partners LLC Has $7.12 Million Stock Holdings in International Flavors & Fragrances Inc. $IFF

Key Points

• Easterly Investment Partners LLC increased its holdings in International Flavors & Fragrances Inc. by 17.9%, totaling 96,830 shares valued at approximately $7.12 million as of its latest SEC filing.
• Institutional investors collectively own 96.02% of the stock, with several hedge funds recently adjusting their positions in the company during the first quarter.
• International Flavors & Fragrances recently declared a quarterly dividend of $0.40 per share, which translates to an annual yield of 2.6%.

Easterly Investment Partners LLC lifted its position in shares of International Flavors & Fragrances Inc. (NYSE:IFF - Free Report) by 17.9% in the second quarter, according to its most recent disclosure with the SEC. The institutional investor owned 96,830 shares of the specialty chemicals company's stock after buying an additional 14,681 shares during the quarter. Easterly Investment Partners LLC's holdings in International Flavors & Fragrances were worth $7,122,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in IFF. Charles Schwab Investment Management Inc. grew its holdings in shares of International Flavors & Fragrances by 2.1% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 1,577,723 shares of the specialty chemicals company's stock worth $122,447,000 after purchasing an additional 32,005 shares in the last quarter. Allspring Global Investments Holdings LLC lifted its position in International Flavors & Fragrances by 11.2% during the first quarter. Allspring Global Investments Holdings LLC now owns 84,265 shares of the specialty chemicals company's stock worth $6,525,000 after purchasing an additional 8,490 shares during the period. Manning & Napier Advisors LLC bought a new position in International Flavors & Fragrances in the 1st quarter valued at about $1,271,000. Dodge & Cox raised its position in shares of International Flavors & Fragrances by 7.4% in the 1st quarter. Dodge & Cox now owns 33,774,607 shares of the specialty chemicals company's stock valued at $2,621,247,000 after buying an additional 2,336,844 shares in the last quarter. Finally, Achmea Investment Management B.V. boosted its position in shares of International Flavors & Fragrances by 126.1% during the 1st quarter. Achmea Investment Management B.V. now owns 29,344 shares of the specialty chemicals company's stock worth $2,277,000 after acquiring an additional 16,368 shares in the last quarter. 96.02% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, Director Paul J. Fribourg purchased 15,450 shares of the business's stock in a transaction on Thursday, August 7th. The shares were acquired at an average price of $64.80 per share, with a total value of $1,001,160.00. Following the completion of the transaction, 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 purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO J Erik Fyrwald acquired 15,300 shares of the stock in a transaction dated Thursday, August 7th. The stock was acquired at an average cost of $64.95 per share, with a total value of $993,735.00. Following the completion of the transaction, the chief executive officer owned 77,370 shares in the company, valued at approximately $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.

Analyst Ratings Changes

Several equities research analysts have weighed in on IFF shares. Oppenheimer cut International Flavors & Fragrances from an "outperform" rating to a "market perform" rating in a research note on Thursday, August 7th. BNP Paribas lowered their price target on International Flavors & Fragrances from $92.00 to $91.00 in a report on Monday, September 29th. Weiss Ratings reaffirmed a "sell (d+)" rating on shares of International Flavors & Fragrances in a research note on Wednesday, October 8th. BNP Paribas Exane decreased their target price on International Flavors & Fragrances from $96.00 to $92.00 and set an "outperform" rating on the stock in a research report on Thursday, September 11th. Finally, Mizuho dropped their target price on shares of International Flavors & Fragrances from $85.00 to $75.00 and set an "outperform" rating for the company in a report on Friday, October 3rd. Thirteen equities research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $86.07.

International Flavors & Fragrances Stock Up 1.0%

NYSE:IFF opened at $62.54 on Friday. The company has a debt-to-equity ratio of 0.39, a current ratio of 1.86 and a quick ratio of 1.12. International Flavors & Fragrances Inc. has a one year low of $59.14 and a one year high of $105.50. The company has a market cap of $16.03 billion, a PE ratio of -40.35, a P/E/G ratio of 2.49 and a beta of 1.07. The firm's 50 day simple moving average is $63.99 and its 200 day simple moving average is $71.19.

International Flavors & Fragrances (NYSE:IFF - Get Free Report) last announced its earnings results on Tuesday, August 5th. The specialty chemicals company reported $1.15 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 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 business earned $1.16 EPS. The business's quarterly revenue was down 4.3% compared to the same quarter last year. International Flavors & Fragrances has set its FY 2025 guidance at EPS. On average, research analysts anticipate that International Flavors & Fragrances Inc. will post 4.32 earnings per share for the current year.

International Flavors & Fragrances Announces Dividend

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

International Flavors & Fragrances 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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