International Flavors & Fragrances Inc. $IFF Shares Sold by Lbp Am Sa

Key Points

• Lbp Am Sa significantly reduced its stake in International Flavors & Fragrances by 67.6%, leaving it with 16,820 shares valued at approximately $1.24 million.
• The company's CEO, J Erik Fyrwald, increased his holdings by purchasing 15,300 shares at an average price of $64.95, bringing his total ownership to 77,370 shares.
• Recent analyst ratings show variability, with Morgan Stanley and Barclays reducing their price targets, while Tigress Financial reaffirmed a "buy" rating with a target of $105.

Lbp Am Sa cut its holdings in shares of International Flavors & Fragrances Inc. (NYSE:IFF - Free Report) by 67.6% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 16,820 shares of the specialty chemicals company's stock after selling 35,058 shares during the period. Lbp Am Sa's holdings in International Flavors & Fragrances were worth $1,237,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Charles Schwab Investment Management Inc. lifted its position in International Flavors & Fragrances by 2.1% during the first quarter. Charles Schwab Investment Management Inc. now owns 1,577,723 shares of the specialty chemicals company's stock valued at $122,447,000 after purchasing an additional 32,005 shares during the period. Allspring Global Investments Holdings LLC lifted its position in International Flavors & Fragrances by 11.2% during the first quarter. Allspring Global Investments Holdings LLC now owns 84,265 shares of the specialty chemicals company's stock valued at $6,525,000 after purchasing an additional 8,490 shares during the period. Manning & Napier Advisors LLC acquired a new position in International Flavors & Fragrances during the first quarter valued at $1,271,000. Dodge & Cox lifted its position in 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 purchasing an additional 2,336,844 shares during the period. Finally, Chicago Capital LLC purchased a new position in International Flavors & Fragrances in the first quarter valued at $688,000. 96.02% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other International Flavors & Fragrances news, CEO J Erik Fyrwald acquired 15,300 shares of the company's stock in a transaction that occurred on Thursday, August 7th. The stock was bought 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 in the company, valued at approximately $5,025,181.50. The trade was a 24.65% increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Paul J. Fribourg acquired 15,450 shares of the company's stock in a transaction that occurred on Thursday, August 7th. The shares were acquired at an average cost of $64.80 per share, with a total value of $1,001,160.00. Following the purchase, the director owned 15,450 shares in the company, valued at $1,001,160. This represents a ∞ increase in their position. The disclosure for this purchase can be found here. 0.20% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on IFF shares. Morgan Stanley cut their price objective on shares of International Flavors & Fragrances from $92.00 to $90.00 and set an "overweight" rating for the company in a report on Monday, September 22nd. Wolfe Research raised shares of 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 shares of International Flavors & Fragrances from $84.00 to $78.00 and set an "overweight" rating for the company in a report on Friday, August 8th. BNP Paribas cut their price objective on shares of International Flavors & Fragrances from $92.00 to $91.00 in a report on Monday. Finally, Tigress Financial reaffirmed a "buy" rating and issued a $105.00 price objective on shares of International Flavors & Fragrances in a report on Tuesday, August 26th. Thirteen investment analysts have rated the stock with a Buy rating, four have given a Hold rating and one has given a Sell rating to the company's stock. According to MarketBeat.com, International Flavors & Fragrances has an average rating of "Moderate Buy" and a consensus target price of $90.96.

International Flavors & Fragrances Stock Performance

Shares of NYSE:IFF opened at $61.52 on Friday. 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's 50 day moving average price is $65.95 and its 200-day moving average price is $72.37. The firm has a market capitalization of $15.77 billion, a PE ratio of -39.69, a P/E/G ratio of 2.64 and a beta of 1.07. International Flavors & Fragrances Inc. has a 1 year low of $59.89 and a 1 year high of $106.77.

International Flavors & Fragrances (NYSE:IFF - Get Free Report) last issued its quarterly earnings results on Tuesday, August 5th. The specialty chemicals company reported $1.15 earnings per share (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 analyst estimates 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 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. As a group, equities research analysts expect that International Flavors & Fragrances Inc. will post 4.32 earnings per share for the current fiscal year.

International Flavors & Fragrances Announces Dividend

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

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.

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