IFM Investors Pty Ltd Boosts Stake in International Flavors & Fragrances Inc. $IFF

Key Points

• IFM Investors Pty Ltd has increased its stake in International Flavors & Fragrances Inc. by 8.6%, bringing its total holdings to 54,214 shares worth approximately $3.99 million.
• Insider transactions included Director Paul J. Fribourg acquiring 15,450 shares and CEO J Erik Fyrwald buying 15,300 shares, significantly increasing their respective ownership stakes.
• The company recently reported quarterly earnings with an EPS of $1.15, surpassing analysts' expectations, despite experiencing a 4.3% year-over-year revenue decline.

IFM Investors Pty Ltd lifted its position in shares of International Flavors & Fragrances Inc. (NYSE:IFF - Free Report) by 8.6% in the second quarter, according to its most recent disclosure with the SEC. The institutional investor owned 54,214 shares of the specialty chemicals company's stock after buying an additional 4,271 shares during the quarter. IFM Investors Pty Ltd's holdings in International Flavors & Fragrances were worth $3,987,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in the company. Banque Transatlantique SA acquired a new position in shares of International Flavors & Fragrances during the 1st quarter valued at $32,000. Zions Bancorporation National Association UT acquired a new position in shares of International Flavors & Fragrances during the first quarter valued at about $42,000. Geneos Wealth Management Inc. lifted its position in International Flavors & Fragrances by 55.7% in the 1st quarter. Geneos Wealth Management Inc. now owns 587 shares of the specialty chemicals company's stock valued at $46,000 after acquiring an additional 210 shares in the last quarter. Mather Group LLC. increased its holdings in International Flavors & Fragrances by 179.9% during the 1st quarter. Mather Group LLC. now owns 655 shares of the specialty chemicals company's stock worth $51,000 after purchasing an additional 421 shares in the last quarter. Finally, Smallwood Wealth Investment Management LLC bought a new position in shares of International Flavors & Fragrances in the first quarter valued at approximately $77,000. 96.02% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In related news, Director Paul J. Fribourg acquired 15,450 shares of the business's stock in a transaction on Thursday, August 7th. The stock was acquired at an average cost of $64.80 per share, with a total value of $1,001,160.00. Following the acquisition, the director directly owned 15,450 shares in the company, valued at $1,001,160. This represents a ∞ increase in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, CEO J Erik Fyrwald acquired 15,300 shares of the business's stock in a transaction dated Thursday, August 7th. The shares were purchased at an average price of $64.95 per share, with a total value of $993,735.00. Following the transaction, the chief executive officer owned 77,370 shares of the company's stock, 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. Corporate insiders own 0.17% of the company's stock.

International Flavors & Fragrances Stock Down 2.1%

Shares of IFF traded down $1.33 on Monday, reaching $62.21. The stock had a trading volume of 2,417,226 shares, compared to its average volume of 2,166,424. The firm has a market capitalization of $15.94 billion, a price-to-earnings ratio of -40.13, a price-to-earnings-growth ratio of 2.75 and a beta of 1.07. The company has a debt-to-equity ratio of 0.39, a quick ratio of 1.12 and a current ratio of 1.86. The company has a 50-day simple moving average of $68.25 and a 200-day simple moving average of $73.31. International Flavors & Fragrances Inc. has a 12-month low of $62.17 and a 12-month high of $106.77.

International Flavors & Fragrances (NYSE:IFF - Get Free Report) last posted its quarterly earnings data 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. The company had revenue of $2.76 billion during the quarter, compared to analysts' expectations 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% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.16 earnings per share. International Flavors & Fragrances has set its FY 2025 guidance at EPS. Sell-side analysts predict that International Flavors & Fragrances Inc. will post 4.32 EPS for the current year.

International Flavors & Fragrances Announces Dividend

The company also recently declared 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. The ex-dividend date of this dividend is Monday, September 29th. This represents a $1.60 annualized dividend and a yield of 2.6%. International Flavors & Fragrances's payout ratio is currently -103.23%.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on IFF shares. Wells Fargo & Company reduced their price objective on shares of International Flavors & Fragrances from $90.00 to $85.00 and set an "overweight" rating for the company in a research report on Thursday, August 7th. BNP Paribas Exane reduced 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. Oppenheimer downgraded International Flavors & Fragrances from an "outperform" rating to a "market perform" rating in a research note on Thursday, August 7th. Barclays cut their price target on shares of International Flavors & Fragrances from $84.00 to $78.00 and set an "overweight" rating on the stock in a report on Friday, August 8th. Finally, UBS Group dropped their target price on shares of International Flavors & Fragrances from $83.00 to $79.00 and set a "neutral" rating on the stock in a research note on Wednesday, August 6th. Thirteen analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, International Flavors & Fragrances has an average rating of "Moderate Buy" and an average target price of $91.80.

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.