International Flavors & Fragrances Inc. $IFF Shares Bought by American Century Companies Inc.

Key Points

• American Century Companies Inc. increased its stake in International Flavors & Fragrances Inc. by 6.5% during Q1, now holding 89,531 shares valued at approximately $6.95 million.
• Institutional investors collectively own 96.02% of International Flavors & Fragrances, indicating strong institutional interest in the company.
• The company recently declared a quarterly dividend of $0.40, representing a 2.4% dividend yield, with an ex-dividend date set for September 29th.

American Century Companies Inc. grew its stake in International Flavors & Fragrances Inc. (NYSE:IFF - Free Report) by 6.5% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 89,531 shares of the specialty chemicals company's stock after purchasing an additional 5,477 shares during the period. American Century Companies Inc.'s holdings in International Flavors & Fragrances were worth $6,949,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also made changes to their positions in the stock. Wahed Invest LLC grew its position in shares of International Flavors & Fragrances by 2.1% in the fourth quarter. Wahed Invest LLC now owns 6,339 shares of the specialty chemicals company's stock valued at $536,000 after purchasing an additional 130 shares in the last quarter. Horizon Investments LLC grew its position in International Flavors & Fragrances by 4.9% in the first quarter. Horizon Investments LLC now owns 3,671 shares of the specialty chemicals company's stock worth $285,000 after acquiring an additional 172 shares during the period. Byrne Asset Management LLC grew its position in International Flavors & Fragrances by 3.3% in the first quarter. Byrne Asset Management LLC now owns 6,637 shares of the specialty chemicals company's stock worth $515,000 after acquiring an additional 210 shares during the period. Channing Global Advisors LLC grew its position in International Flavors & Fragrances by 0.5% in the first quarter. Channing Global Advisors LLC now owns 46,234 shares of the specialty chemicals company's stock worth $3,588,000 after acquiring an additional 226 shares during the period. Finally, Forum Financial Management LP grew its position in International Flavors & Fragrances by 6.3% in the first quarter. Forum Financial Management LP now owns 4,154 shares of the specialty chemicals company's stock worth $322,000 after acquiring an additional 247 shares during the period. 96.02% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research analysts recently weighed in on IFF shares. Citigroup increased their price objective on International Flavors & Fragrances from $84.00 to $90.00 and gave the stock a "buy" rating in a research report on Thursday, May 8th. Robert W. Baird lowered their price objective on International Flavors & Fragrances from $110.00 to $100.00 and set an "outperform" rating for the company in a research report on Thursday, May 8th. Morgan Stanley lowered their price objective 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. Wells Fargo & Company lowered their price objective on 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. Finally, Barclays lowered their price objective on International Flavors & Fragrances from $84.00 to $78.00 and set an "overweight" rating for the company in a research report on Friday, August 8th. Twelve equities research analysts have rated the stock with a Buy rating, two have given a Hold rating and one has issued a Sell rating to the company's stock. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of $92.36.

International Flavors & Fragrances Trading Down 1.4%

NYSE:IFF traded down $0.97 during trading hours on Tuesday, reaching $66.55. 2,267,138 shares of the stock were exchanged, compared to its average volume of 2,383,648. The company has a quick ratio of 1.12, a current ratio of 1.86 and a debt-to-equity ratio of 0.39. The business has a 50-day moving average of $71.23 and a two-hundred day moving average of $75.01. International Flavors & Fragrances Inc. has a twelve month low of $62.33 and a twelve month high of $106.77. The company has a market capitalization of $17.05 billion, a price-to-earnings ratio of -42.93, a PEG ratio of 2.92 and a beta of 1.07.

International Flavors & Fragrances (NYSE:IFF - Get Free Report) last released its quarterly earnings results 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. International Flavors & Fragrances had a positive return on equity of 7.95% and a negative net margin of 3.48%.The company had revenue of $2.76 billion for the quarter, compared to analysts' expectations of $2.69 billion. During the same period in the prior year, the firm earned $1.16 earnings per share. The firm's revenue was down 4.3% compared to the same quarter last year. International Flavors & Fragrances has set its FY 2025 guidance at EPS. On average, equities analysts predict that International Flavors & Fragrances Inc. will post 4.32 EPS for the current year.

International Flavors & Fragrances Announces Dividend

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

Insider Buying and Selling at International Flavors & Fragrances

In related news, Director Paul J. Fribourg acquired 15,450 shares of International Flavors & Fragrances stock in a transaction dated Thursday, August 7th. The shares were acquired at an average cost of $64.80 per share, for a total transaction of $1,001,160.00. Following the completion of the purchase, the director owned 15,450 shares in the company, valued at approximately $1,001,160. The trade was a ∞ increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO J Erik Fyrwald acquired 15,300 shares of International Flavors & Fragrances stock in a transaction dated Thursday, August 7th. The stock was bought at an average price of $64.95 per share, for a total transaction of $993,735.00. Following the completion of the purchase, 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 position. The disclosure for this purchase can be found here. 0.17% of the stock is currently owned by company insiders.

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.