Envestnet Portfolio Solutions Inc. Has $305,000 Stock Holdings in International Flavors & Fragrances Inc. $IFF

Key Points

• Envestnet Portfolio Solutions Inc. decreased its holdings in International Flavors & Fragrances by 67.9%, resulting in a total of 4,146 shares valued at approximately $305,000.
• Several large investors, including Asset Management One Co. Ltd. and Hedges Asset Management LLC, increased their stakes in International Flavors & Fragrances, reflecting a trend of institutional ownership at 96.02%.
• In recent analyst reports, the average target price for International Flavors & Fragrances is set at $86.07, with ratings ranging from buy to sell among various brokerages.

Envestnet Portfolio Solutions Inc. lessened its holdings in shares of International Flavors & Fragrances Inc. (NYSE:IFF - Free Report) by 67.9% in the 2nd quarter, according to its most recent filing with the SEC. The fund owned 4,146 shares of the specialty chemicals company's stock after selling 8,789 shares during the period. Envestnet Portfolio Solutions Inc.'s holdings in International Flavors & Fragrances were worth $305,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in IFF. Asset Management One Co. Ltd. raised its holdings in International Flavors & Fragrances by 4.5% in the 1st quarter. Asset Management One Co. Ltd. now owns 129,255 shares of the specialty chemicals company's stock valued at $10,031,000 after acquiring an additional 5,624 shares in the last quarter. Hedges Asset Management LLC raised its holdings in International Flavors & Fragrances by 87.3% in the 1st quarter. Hedges Asset Management LLC now owns 11,800 shares of the specialty chemicals company's stock valued at $916,000 after acquiring an additional 5,500 shares in the last quarter. Achmea Investment Management B.V. raised its holdings in International Flavors & Fragrances by 126.1% in the 1st quarter. Achmea Investment Management B.V. now owns 29,344 shares of the specialty chemicals company's stock valued at $2,277,000 after acquiring an additional 16,368 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. raised its holdings in International Flavors & Fragrances by 9.9% in the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 30,920 shares of the specialty chemicals company's stock valued at $2,365,000 after acquiring an additional 2,779 shares in the last quarter. Finally, Allspring Global Investments Holdings LLC raised its holdings in International Flavors & Fragrances by 11.2% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 84,265 shares of the specialty chemicals company's stock valued at $6,525,000 after acquiring an additional 8,490 shares in the last quarter. Institutional investors and hedge funds own 96.02% of the company's stock.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on IFF. Oppenheimer cut International Flavors & Fragrances from an "outperform" rating to a "market perform" rating in a report on Thursday, August 7th. Bank of America dropped their target price on International Flavors & Fragrances from $84.00 to $80.00 and set a "buy" rating for the company in a report on Tuesday, October 14th. BNP Paribas Exane dropped their target price on International Flavors & Fragrances from $96.00 to $92.00 and set an "outperform" rating for the company in a report on Thursday, September 11th. Tigress Financial reissued a "buy" rating and issued a $105.00 target price on shares of International Flavors & Fragrances in a report on Tuesday, August 26th. Finally, BNP Paribas dropped their target price on International Flavors & Fragrances from $92.00 to $91.00 in a report on Monday, September 29th. Thirteen investment analysts have rated the stock with a Buy rating, four have issued a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $86.07.

International Flavors & Fragrances Stock Up 1.5%

NYSE IFF opened at $65.82 on Friday. The firm has a market cap of $16.87 billion, a PE ratio of -42.46, a price-to-earnings-growth ratio of 2.61 and a beta of 1.07. International Flavors & Fragrances Inc. has a one year low of $59.14 and a one year high of $104.69. The stock's 50 day simple moving average is $64.00 and its 200 day simple moving average is $70.83. 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 (NYSE:IFF - Get Free Report) last released its quarterly earnings results on Tuesday, August 5th. The specialty chemicals company reported $1.15 EPS for the quarter, topping analysts' consensus estimates of $1.11 by $0.04. The business had revenue of $2.76 billion for the quarter, compared to analyst estimates of $2.69 billion. International Flavors & Fragrances had a positive return on equity of 7.95% and a negative net margin of 3.48%.International Flavors & Fragrances's revenue for the quarter was down 4.3% on a year-over-year basis. During the same period in the prior year, the company earned $1.16 EPS. International Flavors & Fragrances has set its FY 2025 guidance at EPS. As a group, sell-side analysts forecast that International Flavors & Fragrances Inc. will post 4.32 earnings per share for the current fiscal year.

International Flavors & Fragrances Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, October 10th. Shareholders of record on Monday, September 29th were given a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a yield of 2.4%. The ex-dividend date was Monday, September 29th. International Flavors & Fragrances's dividend payout ratio (DPR) is presently -103.23%.

Insiders Place Their Bets

In other news, Director Paul J. Fribourg acquired 15,450 shares of the firm's stock in a transaction on Thursday, August 7th. The shares were purchased at an average cost of $64.80 per share, for a total transaction of $1,001,160.00. Following the transaction, the director owned 15,450 shares of the company's stock, valued at approximately $1,001,160. This represents a ∞ increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CEO J Erik Fyrwald acquired 15,300 shares of the firm's stock in a transaction on Thursday, August 7th. The stock was purchased at an average price of $64.95 per share, for a total transaction of $993,735.00. Following the completion of the transaction, the chief executive officer directly owned 77,370 shares in the company, valued at approximately $5,025,181.50. The trade was a 24.65% increase in their position. The disclosure for this purchase can be found here. 0.20% of the stock is currently owned by company insiders.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.