Exchange Traded Concepts LLC Has $1.20 Million Stock Holdings in International Flavors & Fragrances Inc. $IFF

Key Points

• Exchange Traded Concepts LLC increased its stake in International Flavors & Fragrances Inc. by 1,831.2%, owning 16,338 shares worth $1.20 million after purchasing an additional 15,492 shares in Q2.
• Insider trading activity included Director Paul J. Fribourg and CEO J Erik Fyrwald purchasing significant shares, with Fribourg acquiring 15,450 shares and Fyrwald 15,300 shares, reflecting confidence in the company's prospects.
• International Flavors & Fragrances recently reported $1.15 earnings per share for the quarter, exceeding analyst expectations, and has a quarterly dividend of $0.40 per share with a yield of 2.6%.

Exchange Traded Concepts LLC boosted its stake in International Flavors & Fragrances Inc. (NYSE:IFF - Free Report) by 1,831.2% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 16,338 shares of the specialty chemicals company's stock after purchasing an additional 15,492 shares during the quarter. Exchange Traded Concepts LLC's holdings in International Flavors & Fragrances were worth $1,202,000 as of its most recent SEC filing.

Other hedge funds have also recently made changes to their positions in the company. Vise Technologies Inc. bought a new position in shares of International Flavors & Fragrances during the fourth quarter valued at about $225,000. Toronto Dominion Bank raised its position in shares of International Flavors & Fragrances by 8.3% in the fourth quarter. Toronto Dominion Bank now owns 136,779 shares of the specialty chemicals company's stock valued at $11,565,000 after purchasing an additional 10,522 shares during the period. Forum Financial Management LP raised its position in shares of International Flavors & Fragrances by 58.8% in the fourth quarter. Forum Financial Management LP now owns 3,907 shares of the specialty chemicals company's stock valued at $330,000 after purchasing an additional 1,446 shares during the period. Mackenzie Financial Corp raised its position in shares of International Flavors & Fragrances by 7.6% in the fourth quarter. Mackenzie Financial Corp now owns 22,840 shares of the specialty chemicals company's stock valued at $1,931,000 after purchasing an additional 1,621 shares during the period. Finally, Jefferies Financial Group Inc. raised its position in shares of International Flavors & Fragrances by 378.0% in the fourth quarter. Jefferies Financial Group Inc. now owns 13,800 shares of the specialty chemicals company's stock valued at $1,167,000 after purchasing an additional 10,913 shares during the period. 96.02% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other International Flavors & Fragrances news, Director Paul J. Fribourg bought 15,450 shares of the business's stock in a transaction that occurred on Thursday, August 7th. The stock was purchased at an average cost of $64.80 per share, with a total value of $1,001,160.00. Following the completion of the acquisition, the director owned 15,450 shares in the company, valued at $1,001,160. This trade represents a ∞ increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO J Erik Fyrwald bought 15,300 shares of the business's stock in a transaction that occurred on 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 acquisition, the chief executive officer 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. Company insiders own 0.17% of the company's stock.

International Flavors & Fragrances Stock Performance

Shares of NYSE IFF opened at $62.21 on Tuesday. The firm's 50-day moving average price is $68.25 and its 200-day moving average price is $73.31. The company has a quick ratio of 1.12, a current ratio of 1.86 and a debt-to-equity ratio of 0.39. The company has a market cap of $15.94 billion, a PE ratio of -40.13, a PEG ratio of 2.75 and a beta of 1.07. International Flavors & Fragrances Inc. has a 52-week low of $62.17 and a 52-week high of $106.77.

International Flavors & Fragrances (NYSE:IFF - Get Free Report) last announced its quarterly earnings results on Tuesday, August 5th. The specialty chemicals company reported $1.15 earnings per share (EPS) for the quarter, beating analysts' consensus estimates 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 quarter last year, the firm posted $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. As a group, analysts anticipate that International Flavors & Fragrances Inc. will post 4.32 EPS for the current year.

International Flavors & Fragrances Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, October 10th. Shareholders 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 yield of 2.6%. The ex-dividend date of this dividend is Monday, September 29th. International Flavors & Fragrances's dividend payout ratio (DPR) is -103.23%.

Analyst Ratings Changes

A number of analysts recently weighed in on the stock. Morgan Stanley decreased their target price on shares of International Flavors & Fragrances from $92.00 to $90.00 and set an "overweight" rating on the stock in a report on Monday. Barclays lowered their price objective 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. Oppenheimer lowered shares of International Flavors & Fragrances from an "outperform" rating to a "market perform" rating in a report on Thursday, August 7th. Wells Fargo & Company lowered their price target 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. Finally, Tigress Financial reiterated a "buy" rating and set a $105.00 price target on shares of International Flavors & Fragrances in a report on Tuesday, August 26th. Thirteen equities research analysts have rated the stock with a Buy rating, three have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $91.80.

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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