Gulf International Bank UK Ltd Decreases Stake in International Flavors & Fragrances Inc. $IFF

Key Points

• Gulf International Bank UK Ltd sold 5,768 shares of International Flavors & Fragrances Inc., reducing its holdings by 28.9% during the first quarter, leaving it with 14,180 shares valued at approximately $1.1 million.
• The company recently announced a quarterly dividend of $0.40 per share, set to be paid on October 10th, indicating a 2.4% dividend yield.
• Despite a decline in revenue by 4.3% year-over-year, International Flavors & Fragrances surpassed earnings expectations with $1.15 EPS, exceeding the consensus estimate of $1.11.

Gulf International Bank UK Ltd lessened its holdings in International Flavors & Fragrances Inc. (NYSE:IFF - Free Report) by 28.9% during the 1st quarter, according to its most recent Form 13F filing with the SEC. The fund owned 14,180 shares of the specialty chemicals company's stock after selling 5,768 shares during the period. Gulf International Bank UK Ltd's holdings in International Flavors & Fragrances were worth $1,100,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of the business. Zions Bancorporation National Association UT bought a new position in International Flavors & Fragrances during the first quarter valued at $42,000. Mather Group LLC. increased its position in International Flavors & Fragrances by 179.9% during the first quarter. Mather Group LLC. now owns 655 shares of the specialty chemicals company's stock valued at $51,000 after acquiring an additional 421 shares during the last quarter. Quarry LP bought a new position in International Flavors & Fragrances during the fourth quarter valued at $78,000. Smallwood Wealth Investment Management LLC bought a new position in International Flavors & Fragrances during the first quarter valued at $77,000. Finally, Strengthening Families & Communities LLC increased its position in International Flavors & Fragrances by 43.6% during the first quarter. Strengthening Families & Communities LLC now owns 1,384 shares of the specialty chemicals company's stock valued at $107,000 after acquiring an additional 420 shares during the last quarter. Institutional investors own 96.02% of the company's stock.

International Flavors & Fragrances Stock Up 0.1%

Shares of IFF stock traded up $0.0580 during mid-day trading on Wednesday, hitting $65.8880. 621,531 shares of the stock traded hands, compared to its average volume of 1,804,237. International Flavors & Fragrances Inc. has a 52-week low of $62.33 and a 52-week high of $106.77. The stock's fifty day moving average is $72.98 and its two-hundred day moving average is $76.29. The company has a debt-to-equity ratio of 0.39, a current ratio of 1.86 and a quick ratio of 1.12. The stock has a market cap of $16.89 billion, a P/E ratio of -42.42, a P/E/G ratio of 2.83 and a beta of 1.04.

International Flavors & Fragrances (NYSE:IFF - Get Free Report) last issued its quarterly earnings results on Tuesday, August 5th. The specialty chemicals company reported $1.15 earnings per share for the quarter, topping the consensus estimate of $1.11 by $0.04. The company had revenue of $2.76 billion for the quarter, compared to the consensus estimate of $2.69 billion. International Flavors & Fragrances had a negative net margin of 3.48% and a positive return on equity of 7.95%. International Flavors & Fragrances's quarterly revenue was down 4.3% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.16 EPS. International Flavors & Fragrances has set its FY 2025 guidance at EPS. Equities analysts predict that International Flavors & Fragrances Inc. will post 4.32 EPS for the current year.

International Flavors & Fragrances Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, October 10th. Stockholders of record on Monday, September 29th will be given a dividend of $0.40 per share. The ex-dividend date is Monday, September 29th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 2.4%. International Flavors & Fragrances's dividend payout ratio (DPR) is -103.23%.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on the stock. Wells Fargo & Company cut their price objective on shares of International Flavors & Fragrances from $90.00 to $85.00 and set an "overweight" rating on the stock in a research report on Thursday, August 7th. Oppenheimer lowered shares of International Flavors & Fragrances from an "outperform" rating to a "market perform" rating in a research note on Thursday, August 7th. Citigroup boosted their target price on shares of International Flavors & Fragrances from $84.00 to $90.00 and gave the company a "buy" rating in a research note on Thursday, May 8th. 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 research note on Thursday, May 8th. Finally, Tigress Financial started coverage on shares of International Flavors & Fragrances in a research note on Wednesday, June 4th. They issued a "buy" rating and a $105.00 price objective for the company. Twelve research analysts have rated the stock with a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $92.36.

Insider Activity

In other International Flavors & Fragrances news, Director Paul J. Fribourg bought 15,450 shares of the firm's stock in a transaction dated Thursday, August 7th. The shares were purchased at an average price of $64.80 per share, for a total transaction of $1,001,160.00. Following the transaction, the director directly owned 15,450 shares of the company's stock, valued at approximately $1,001,160. This represents a ∞ increase in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO J Erik Fyrwald bought 15,300 shares of the firm's stock in a transaction dated Thursday, August 7th. The shares were acquired at an average price of $64.95 per share, for a total transaction of $993,735.00. Following the transaction, the chief executive officer directly owned 77,370 shares in the company, valued at approximately $5,025,181.50. This represents a 24.65% increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders have acquired 35,250 shares of company stock worth $2,337,120 in the last quarter. Corporate insiders own 0.17% of the company's stock.

About International Flavors & Fragrances

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.