Fjarde AP Fonden Fourth Swedish National Pension Fund Has $901,000 Stock Holdings in International Flavors & Fragrances Inc. $IFF

Key Points

• The Fjarde AP Fonden Fourth Swedish National Pension Fund reduced its holdings in International Flavors & Fragrances Inc. by 85.8%, selling 70,218 shares and owning only 11,609 shares post-sale.
• Institutional investors now hold 96.02% of the company's stock, reflecting significant changes in positions among several investors, including substantial new acquisitions.
• Analysts have mixed ratings on the stock; while Citigroup raised its price target to $90.00 with a "buy" rating, others have lowered their targets, showing a wide range of investor sentiment.

Fjarde AP Fonden Fourth Swedish National Pension Fund trimmed its holdings in shares of International Flavors & Fragrances Inc. (NYSE:IFF - Free Report) by 85.8% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 11,609 shares of the specialty chemicals company's stock after selling 70,218 shares during the quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund's holdings in International Flavors & Fragrances were worth $901,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. Freemont Capital Pte Ltd bought a new stake in shares of International Flavors & Fragrances in the fourth quarter valued at about $2,143,882,000. Nuveen LLC bought a new stake in shares of International Flavors & Fragrances in the first quarter valued at about $57,324,000. Northern Trust Corp lifted its stake in shares of International Flavors & Fragrances by 19.9% in the fourth quarter. Northern Trust Corp now owns 3,407,262 shares of the specialty chemicals company's stock valued at $288,084,000 after buying an additional 565,769 shares during the period. GAMMA Investing LLC lifted its stake in shares of International Flavors & Fragrances by 6,831.5% in the first quarter. GAMMA Investing LLC now owns 556,464 shares of the specialty chemicals company's stock valued at $431,870,000 after buying an additional 548,436 shares during the period. Finally, Albar Capital Partners LLP bought a new stake in shares of International Flavors & Fragrances in the fourth quarter valued at about $37,329,000. 96.02% of the stock is owned by institutional investors and hedge funds.

International Flavors & Fragrances Stock Performance

Shares of IFF stock traded up $1.95 on Friday, reaching $68.08. The stock had a trading volume of 1,234,555 shares, compared to its average volume of 1,807,469. 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 firm's 50-day moving average is $72.49 and its two-hundred day moving average is $76.08. The firm has a market capitalization of $17.45 billion, a price-to-earnings ratio of -43.90, a P/E/G ratio of 2.86 and a beta of 1.04. 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 announced its quarterly earnings results on Tuesday, August 5th. The specialty chemicals company reported $1.15 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 business had revenue of $2.76 billion for the quarter, compared to analyst estimates of $2.69 billion. During the same quarter in the prior year, the business earned $1.16 EPS. 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. On average, research analysts expect that International Flavors & Fragrances Inc. will post 4.32 EPS for the current fiscal year.

International Flavors & Fragrances Announces Dividend

The business 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 dividend on an annualized basis and a yield of 2.4%. International Flavors & Fragrances's dividend payout ratio is -103.23%.

Analyst Ratings Changes

A number of brokerages have commented on IFF. Wells Fargo & Company cut 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 research note on Thursday, August 7th. Citigroup boosted their price objective on shares of International Flavors & Fragrances from $84.00 to $90.00 and gave the stock a "buy" rating in a research report on Thursday, May 8th. UBS Group dropped their price objective on shares of International Flavors & Fragrances from $83.00 to $79.00 and set a "neutral" rating for the company in a research report on Wednesday, August 6th. Robert W. Baird lowered their target price on shares of International Flavors & Fragrances from $110.00 to $100.00 and set an "outperform" rating for the company in a report on Thursday, May 8th. Finally, Tigress Financial assumed coverage on shares of International Flavors & Fragrances in a report on Wednesday, June 4th. They set a "buy" rating and a $105.00 target price for the company. Twelve investment analysts have rated the stock with a Buy rating, two have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $92.36.

Insider Transactions at International Flavors & Fragrances

In related 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 price of $64.80 per share, for a total transaction of $1,001,160.00. Following the purchase, the director owned 15,450 shares in the company, valued at approximately $1,001,160. This represents a ∞ increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 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 bought at an average price of $64.95 per share, for a total transaction of $993,735.00. Following the purchase, the chief executive officer owned 77,370 shares in the company, valued at $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 corporate 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.