International Flavors & Fragrances Inc. $IFF Shares Acquired by Dodge & Cox

Key Points

• Dodge & Cox increased its stake in International Flavors & Fragrances by 7.4%, now owning approximately 13.20% of the company, valued at about $2.62 billion.
• International Flavors & Fragrances recently announced a quarterly dividend of $0.40 per share, representing a yield of 2.4%.
• The company's quarterly earnings report showed an EPS of $1.15, exceeding analyst expectations, despite a 4.3% year-over-year decline in revenue.

Dodge & Cox grew its stake in International Flavors & Fragrances Inc. (NYSE:IFF - Free Report) by 7.4% in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 33,774,607 shares of the specialty chemicals company's stock after acquiring an additional 2,336,844 shares during the quarter. International Flavors & Fragrances comprises approximately 1.5% of Dodge & Cox's investment portfolio, making the stock its 24th biggest position. Dodge & Cox owned about 13.20% of International Flavors & Fragrances worth $2,621,247,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also modified their holdings of the company. Zions Bancorporation National Association UT acquired a new stake in shares of International Flavors & Fragrances in the 1st quarter worth $42,000. Mather Group LLC. grew its holdings in shares of 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 during the period. Quarry LP purchased a new position in shares of International Flavors & Fragrances during the 4th quarter worth $78,000. Smallwood Wealth Investment Management LLC purchased a new position in shares of International Flavors & Fragrances during the 1st quarter worth $77,000. Finally, Strengthening Families & Communities LLC grew its holdings in shares of International Flavors & Fragrances by 43.6% during the 1st quarter. Strengthening Families & Communities LLC now owns 1,384 shares of the specialty chemicals company's stock worth $107,000 after purchasing an additional 420 shares during the period. 96.02% of the stock is owned by institutional investors and hedge funds.

International Flavors & Fragrances Stock Performance

Shares of International Flavors & Fragrances stock opened at $67.9190 on Friday. International Flavors & Fragrances Inc. has a one year low of $62.33 and a one year high of $106.77. The company has a market cap of $17.41 billion, a PE ratio of -43.82, a P/E/G ratio of 2.86 and a beta of 1.04. 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 business has a 50-day simple moving average of $72.32 and a 200-day simple moving average of $75.96.

International Flavors & Fragrances (NYSE:IFF - Get Free Report) last announced 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 business had revenue of $2.76 billion during the quarter, compared to the consensus estimate of $2.69 billion. International Flavors & Fragrances had a positive return on equity of 7.95% and a negative net margin of 3.48%.The business's revenue for the quarter was down 4.3% on a year-over-year basis. During the same period in the previous year, the company posted $1.16 earnings per share. International Flavors & Fragrances has set its FY 2025 guidance at EPS. On average, equities research analysts forecast that International Flavors & Fragrances Inc. will post 4.32 EPS for the current fiscal year.

International Flavors & Fragrances Dividend Announcement

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

Insider Activity at International Flavors & Fragrances

In other International Flavors & Fragrances news, Director Paul J. Fribourg bought 15,450 shares of the firm's stock in a transaction that occurred on Thursday, August 7th. The stock was purchased at an average price of $64.80 per share, for a total transaction of $1,001,160.00. Following the completion of the purchase, the director directly owned 15,450 shares in the company, valued at $1,001,160. This trade represents a ∞ increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO J Erik Fyrwald bought 15,300 shares of the firm's stock in a transaction that occurred on Thursday, August 7th. The shares were acquired at an average price of $64.95 per share, with a total value of $993,735.00. Following the purchase, the chief executive officer owned 77,370 shares of the company's stock, valued at $5,025,181.50. The trade was a 24.65% increase in their ownership of the stock. The disclosure for this purchase can be found here. 0.20% of the stock is owned by insiders.

Analyst Ratings Changes

A number of equities analysts have recently weighed in on the company. Tigress Financial assumed coverage on International Flavors & Fragrances in a report on Wednesday, June 4th. They set a "buy" rating and a $105.00 price target for the company. Wells Fargo & Company lowered their price target on International Flavors & Fragrances from $90.00 to $85.00 and set an "overweight" rating for the company in a report on Thursday, August 7th. UBS Group dropped their target price on 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. Morgan Stanley dropped their target price on International Flavors & Fragrances from $100.00 to $98.00 and set an "overweight" rating for the company in a research report on Tuesday, May 13th. Finally, Citigroup lifted their target price on International Flavors & Fragrances from $84.00 to $90.00 and gave the company a "buy" rating in a research report on Thursday, May 8th. Twelve analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the company's stock. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of $92.36.

International Flavors & Fragrances 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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