International Flavors & Fragrances Inc. $IFF Shares Bought by Aberdeen Group plc

Key Points

• Aberdeen Group plc increased its stake in International Flavors & Fragrances by 4.7%, purchasing an additional 10,658 shares, bringing their total ownership to 236,024 shares worth approximately $17.36 million.
• Multiple institutional investors, including Farther Finance Advisors LLC and SG Americas Securities LLC, also significantly increased their holdings in International Flavors & Fragrances during the first quarter.
• The company reported an EPS of $1.15 for the last quarter, surpassing estimates, with a revenue of $2.76 billion despite a year-over-year decrease of 4.3%.

Aberdeen Group plc boosted its stake in shares of International Flavors & Fragrances Inc. (NYSE:IFF - Free Report) by 4.7% during the second quarter, according to its most recent Form 13F filing with the SEC. The fund owned 236,024 shares of the specialty chemicals company's stock after buying an additional 10,658 shares during the period. Aberdeen Group plc owned 0.09% of International Flavors & Fragrances worth $17,360,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in IFF. Farther Finance Advisors LLC raised its position in International Flavors & Fragrances by 48.5% in the first quarter. Farther Finance Advisors LLC now owns 1,534 shares of the specialty chemicals company's stock valued at $119,000 after purchasing an additional 501 shares during the period. SG Americas Securities LLC raised its position in International Flavors & Fragrances by 77.3% in the first quarter. SG Americas Securities LLC now owns 17,297 shares of the specialty chemicals company's stock valued at $1,342,000 after purchasing an additional 7,540 shares during the period. Fifth Third Bancorp raised its position in International Flavors & Fragrances by 2.1% in the first quarter. Fifth Third Bancorp now owns 13,054 shares of the specialty chemicals company's stock valued at $1,013,000 after purchasing an additional 269 shares during the period. Chicago Capital LLC purchased a new stake in International Flavors & Fragrances in the first quarter valued at $688,000. Finally, State of Alaska Department of Revenue raised its position in International Flavors & Fragrances by 2.8% in the first quarter. State of Alaska Department of Revenue now owns 29,956 shares of the specialty chemicals company's stock valued at $2,324,000 after purchasing an additional 805 shares during the period. Hedge funds and other institutional investors own 96.02% of the company's stock.

Insider Activity

In other International Flavors & Fragrances news, Director Paul J. Fribourg acquired 15,450 shares of the stock in a transaction dated 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 transaction, the director owned 15,450 shares in the company, valued at $1,001,160. The trade was a ∞ increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO J Erik Fyrwald acquired 15,300 shares of the stock in a transaction dated Thursday, August 7th. The shares were acquired at an average cost of $64.95 per share, with a total value of $993,735.00. Following the completion of the transaction, the chief executive officer owned 77,370 shares in the company, valued at approximately $5,025,181.50. This represents a 24.65% increase in their position. The disclosure for this purchase can be found here. Corporate insiders own 0.17% of the company's stock.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on IFF shares. UBS Group reduced their target price on International Flavors & Fragrances from $71.00 to $66.00 and set a "neutral" rating on the stock in a research report on Monday, October 6th. Argus cut their price objective on International Flavors & Fragrances from $85.00 to $70.00 and set a "buy" rating on the stock in a report on Tuesday, October 7th. Wolfe Research upgraded International Flavors & Fragrances from an "underperform" rating to a "peer perform" rating in a report on Monday, September 8th. Barclays cut their price objective on International Flavors & Fragrances from $78.00 to $72.00 and set an "overweight" rating on the stock in a report on Friday, October 10th. Finally, BNP Paribas cut their price objective on International Flavors & Fragrances from $92.00 to $91.00 in a report on Monday, September 29th. Thirteen equities research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $86.07.

International Flavors & Fragrances Trading Up 2.6%

IFF opened at $61.68 on Wednesday. International Flavors & Fragrances Inc. has a 12 month low of $59.14 and a 12 month high of $106.77. The stock has a market capitalization of $15.81 billion, a price-to-earnings ratio of -39.79, a PEG ratio of 2.58 and a beta of 1.07. 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 business has a fifty day moving average price of $64.11 and a 200 day moving average price of $71.36.

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

International Flavors & Fragrances Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, October 10th. Stockholders of record on Monday, September 29th were given a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a dividend yield of 2.6%. The ex-dividend date of this dividend was Monday, September 29th. International Flavors & Fragrances's dividend payout ratio is currently -103.23%.

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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