International Flavors & Fragrances Inc. $IFF Shares Acquired by Compagnie Lombard Odier SCmA

Key Points

• Compagnie Lombard Odier SCmA increased its holdings in International Flavors & Fragrances Inc. by 23%, acquiring an additional 24,607 shares, bringing its total ownership to 131,645 shares valued at approximately $9.68 million.
• International Flavors & Fragrances reported a quarterly earnings per share (EPS) of $1.15, beating analyst estimates of $1.11, with revenues of $2.76 billion, though down 4.3% year-over-year.
• The company announced a quarterly dividend of $0.40 per share, translating to an annualized yield of 2.6%, despite a negative payout ratio of -103.23%.

Compagnie Lombard Odier SCmA increased its holdings in shares of International Flavors & Fragrances Inc. (NYSE:IFF - Free Report) by 23.0% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 131,645 shares of the specialty chemicals company's stock after purchasing an additional 24,607 shares during the quarter. Compagnie Lombard Odier SCmA owned 0.05% of International Flavors & Fragrances worth $9,682,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of IFF. Dodge & Cox increased its position in shares of International Flavors & Fragrances by 7.4% during the first quarter. Dodge & Cox now owns 33,774,607 shares of the specialty chemicals company's stock valued at $2,621,247,000 after acquiring an additional 2,336,844 shares during the last quarter. Nuveen LLC acquired a new stake in International Flavors & Fragrances in the 1st quarter valued at approximately $57,324,000. GAMMA Investing LLC raised its position in 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 purchasing an additional 548,436 shares during the period. Invesco Ltd. lifted its stake in International Flavors & Fragrances by 15.3% during the first quarter. Invesco Ltd. now owns 2,992,437 shares of the specialty chemicals company's stock worth $232,243,000 after purchasing an additional 397,327 shares in the last quarter. Finally, Alyeska Investment Group L.P. lifted its stake in International Flavors & Fragrances by 63.5% during the first quarter. Alyeska Investment Group L.P. now owns 929,069 shares of the specialty chemicals company's stock worth $72,105,000 after purchasing an additional 360,870 shares in the last quarter. Institutional investors and hedge funds own 96.02% of the company's stock.

International Flavors & Fragrances Stock Performance

Shares of IFF stock opened at $62.21 on Tuesday. The company has a current ratio of 1.86, a quick ratio of 1.12 and a debt-to-equity ratio of 0.39. International Flavors & Fragrances Inc. has a 12-month low of $62.17 and a 12-month high of $106.77. The company has a market cap 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 stock has a 50 day simple moving average of $68.25 and a 200-day simple moving average of $73.31.

International Flavors & Fragrances (NYSE:IFF - Get Free Report) last released its quarterly earnings data on Tuesday, August 5th. The specialty chemicals company reported $1.15 EPS for the quarter, topping analysts' consensus estimates of $1.11 by $0.04. The firm 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%. The firm's revenue was down 4.3% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.16 earnings per share. International Flavors & Fragrances has set its FY 2025 guidance at EPS. On average, equities analysts forecast that International Flavors & Fragrances Inc. will post 4.32 EPS for the current year.

International Flavors & Fragrances Dividend Announcement

The business also recently announced 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 is Monday, September 29th. International Flavors & Fragrances's dividend payout ratio is -103.23%.

Analyst Ratings Changes

Several research firms recently issued reports on IFF. Oppenheimer downgraded International Flavors & Fragrances from an "outperform" rating to a "market perform" rating in a report on Thursday, August 7th. Tigress Financial reaffirmed a "buy" rating and issued a $105.00 target price on shares of International Flavors & Fragrances in a research report on Tuesday, August 26th. UBS Group reduced their price target on shares of International Flavors & Fragrances from $83.00 to $79.00 and set a "neutral" rating on the stock in a research report on Wednesday, August 6th. Wells Fargo & Company lowered 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 note on Thursday, August 7th. Finally, Wolfe Research raised shares of International Flavors & Fragrances from an "underperform" rating to a "peer perform" rating in a research note on Monday, September 8th. Thirteen research analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has given a Sell rating to the company's stock. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $91.80.

Insider Buying and Selling at International Flavors & Fragrances

In related news, CEO J Erik Fyrwald purchased 15,300 shares of the business's stock in a transaction dated Thursday, August 7th. The stock was bought 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 directly owned 77,370 shares in the company, valued at $5,025,181.50. The trade was a 24.65% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Paul J. Fribourg acquired 15,450 shares of the firm's stock in a transaction that occurred on Thursday, August 7th. The shares were bought at an average cost of $64.80 per share, for a total transaction of $1,001,160.00. Following the purchase, the director owned 15,450 shares of the company's stock, valued at approximately $1,001,160. The trade was a ∞ increase in their ownership of the stock. The disclosure for this purchase can be found here. Company insiders own 0.17% of the company's stock.

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.

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