Heartland Advisors Inc. purchased a new position in shares of International Flavors & Fragrances Inc. (NYSE:IFF - Free Report) during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 64,557 shares of the specialty chemicals company's stock, valued at approximately $5,114,000.
Other institutional investors and hedge funds have also recently made changes to their positions in the company. BlackRock Inc. bought a new position in International Flavors & Fragrances during the 2nd quarter worth about $1,835,955,000. State Street Corp raised its holdings in shares of International Flavors & Fragrances by 1.1% in the 4th quarter. State Street Corp now owns 11,092,368 shares of the specialty chemicals company's stock valued at $751,875,000 after purchasing an additional 121,260 shares in the last quarter. First Eagle Investment Management LLC boosted its stake in shares of International Flavors & Fragrances by 27.5% during the fourth quarter. First Eagle Investment Management LLC now owns 8,831,668 shares of the specialty chemicals company's stock valued at $595,166,000 after purchasing an additional 1,904,598 shares in the last quarter. Invesco Ltd. increased its holdings in International Flavors & Fragrances by 4.9% during the fourth quarter. Invesco Ltd. now owns 7,519,812 shares of the specialty chemicals company's stock valued at $506,760,000 after buying an additional 352,636 shares during the period. Finally, Geode Capital Management LLC increased its holdings in International Flavors & Fragrances by 2.6% during the fourth quarter. Geode Capital Management LLC now owns 6,771,894 shares of the specialty chemicals company's stock valued at $454,607,000 after buying an additional 172,781 shares during the period. 96.02% of the stock is currently owned by institutional investors.
Insider Transactions at International Flavors & Fragrances
In related news, EVP Michael Deveau sold 8,825 shares of the firm's stock in a transaction on Thursday, August 6th. The stock was sold at an average price of $85.55, for a total value of $754,978.75. Following the completion of the transaction, the executive vice president owned 5,199 shares in the company, valued at $444,774.45. This trade represents a 62.93% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CAO Marc Birenkrant sold 1,000 shares of International Flavors & Fragrances stock in a transaction dated Friday, August 7th. The stock was sold at an average price of $85.00, for a total value of $85,000.00. Following the sale, the chief accounting officer directly owned 3,446 shares of the company's stock, valued at approximately $292,910. This represents a 22.49% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 15,543 shares of company stock valued at $1,315,659 in the last quarter. Insiders own 1.07% of the company's stock.
International Flavors & Fragrances Stock Performance
IFF opened at $84.31 on Friday. The company has a market cap of $21.51 billion, a P/E ratio of 77.35, a price-to-earnings-growth ratio of 3.12 and a beta of 0.93. The company has a quick ratio of 1.72, a current ratio of 2.06 and a debt-to-equity ratio of 0.34. The firm's 50-day moving average price is $79.56 and its 200-day moving average price is $76.29. International Flavors & Fragrances Inc. has a 52-week low of $59.14 and a 52-week high of $89.32.
International Flavors & Fragrances (NYSE:IFF - Get Free Report) last released its earnings results on Tuesday, August 4th. The specialty chemicals company reported $0.82 EPS for the quarter, missing analysts' consensus estimates of $1.07 by ($0.25). International Flavors & Fragrances had a return on equity of 7.11% and a net margin of 2.78%.The company had revenue of $1.95 billion during the quarter, compared to analyst estimates of $2.62 billion. During the same quarter last year, the business earned $1.15 earnings per share. The firm's revenue for the quarter was up 1.8% on a year-over-year basis. As a group, equities analysts anticipate that International Flavors & Fragrances Inc. will post 3.08 EPS for the current fiscal year.
International Flavors & Fragrances declared that its board has initiated a share repurchase program on Tuesday, August 4th that allows the company to buyback $2.50 billion in shares. This buyback authorization allows the specialty chemicals company to purchase up to 12.1% of its shares through open market purchases. Shares buyback programs are often a sign that the company's management believes its stock is undervalued.
International Flavors & Fragrances Dividend Announcement
The business also recently disclosed a quarterly dividend, which will be paid on Friday, October 9th. Stockholders of record on Friday, September 18th will be issued a dividend of $0.40 per share. The ex-dividend date of this dividend is Friday, September 18th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.9%. International Flavors & Fragrances's payout ratio is 146.79%.
Wall Street Analysts Forecast Growth
Several analysts have issued reports on IFF shares. Weiss Ratings cut International Flavors & Fragrances from a "hold (c)" rating to a "hold (c-)" rating in a research report on Monday, August 17th. BNP Paribas Exane upped their price objective on International Flavors & Fragrances from $85.00 to $95.00 in a research note on Thursday, May 7th. Citigroup dropped their price objective on International Flavors & Fragrances from $96.00 to $88.00 and set a "buy" rating on the stock in a research report on Wednesday, June 24th. Deutsche Bank Aktiengesellschaft reduced their target price on shares of International Flavors & Fragrances from $95.00 to $90.00 and set a "buy" rating for the company in a report on Monday, June 1st. Finally, JPMorgan Chase & Co. boosted their price objective on shares of International Flavors & Fragrances from $90.00 to $92.00 and gave the stock an "overweight" rating in a research note on Thursday, May 7th. Thirteen analysts have rated the stock with a Buy rating, six have given a Hold rating and one has assigned a Sell rating to the company's stock. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $92.16.
Check Out Our Latest Stock Analysis on IFF
More International Flavors & Fragrances News
Here are the key news stories impacting International Flavors & Fragrances this week:
- Positive Sentiment: IFF is trading above its 50-day and 200-day moving averages and near its 52-week high, signaling continued investor momentum even though the latest reports do not identify a new fundamental catalyst.
- Positive Sentiment: The company authorized a $2.5 billion share-repurchase program, potentially covering up to 12.1% of outstanding shares. The buyback may support earnings per share and suggests management believes the stock is undervalued.
- Positive Sentiment: Institutional ownership remains high at approximately 96%, while several large investors—including BlackRock, Invesco and Ameriprise—recently increased or initiated positions. IFF also declared a quarterly dividend of $0.40 per share.
- Neutral Sentiment: CEO Erik Fyrwald is scheduled to participate in a Barclays Global Consumer Conference fireside chat on September 10. Investors may look for updates on strategy, operating performance and capital allocation, but no new guidance has been provided. IFF Barclays conference announcement
- Negative Sentiment: Zacks Research repeatedly lowered its EPS forecasts and maintained a “Strong Sell” rating. FY2026 EPS was cut to $3.14 from $4.45, FY2027 to $3.71 from $4.81, and FY2028 to $4.31 from $5.21. The revisions indicate expectations for weaker profitability over multiple years.
- Negative Sentiment: The largest near-term reduction was for Q3 2026 EPS, lowered to $0.67 from $1.14. Estimates for Q4 2026 and each quarter of 2027 were also reduced, raising concerns about sustained earnings pressure and IFF’s elevated valuation.
- Negative Sentiment: An insider sold 5,718 shares for approximately $476,000 at an average price of $83.19. One transaction is not conclusive, but it provides a modest negative signal for investors monitoring insider confidence. IFF insider sale report
- Negative Sentiment: IFF’s latest reported quarter missed analyst expectations, with EPS of $0.82 versus $1.07 expected and revenue of $1.95 billion versus $2.62 billion expected, reinforcing concerns behind the estimate cuts.
International Flavors & Fragrances Company Profile
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Free Report)
International Flavors & Fragrances Inc NYSE: IFF is a global leader in the creation and production of flavors, fragrances, cosmetic actives and nutritional lipids. The company develops taste and scent solutions for a wide array of end markets including food and beverage, personal care, household goods and pharmaceutical products. Its portfolio spans natural and nature-identical flavors, fine fragrances, functional ingredients for skin and hair care, and specialty oils that enhance nutritional value and sensory appeal.
IFF's research and development network comprises innovation centers in North America, Europe, Asia-Pacific and Latin America, where multidisciplinary teams collaborate on aroma chemistry, sensory science and biotechnology.
Further Reading
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