UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC Has $217.42 Million Holdings in International Flavors & Fragrances Inc. $IFF

Key Points

• UBS AM has reduced its holdings in International Flavors & Fragrances Inc. by 10.5%, owning approximately 1.10% of the company after selling 329,881 shares in the first quarter.
• Insider transactions revealed that both Director Paul J. Fribourg and CEO J. Erik Fyrwald increased their positions in the company by acquiring 15,450 and 15,300 shares respectively, indicating strong confidence in the stock.
• Analysts have issued mixed ratings on the stock, with Oppenheimer downgrading it from "outperform" to "market perform" while maintaining an average rating of "Moderate Buy" with a target price of $92.36.

UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lowered its stake in shares of International Flavors & Fragrances Inc. (NYSE:IFF - Free Report) by 10.5% in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 2,801,485 shares of the specialty chemicals company's stock after selling 329,881 shares during the quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC owned approximately 1.10% of International Flavors & Fragrances worth $217,423,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Charles Schwab Investment Management Inc. boosted its position in International Flavors & Fragrances by 2.1% during the 1st 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 boosted its position in International Flavors & Fragrances by 11.2% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 84,265 shares of the specialty chemicals company's stock worth $6,525,000 after acquiring an additional 8,490 shares during the period. Manning & Napier Advisors LLC acquired a new position in International Flavors & Fragrances during the 1st quarter worth $1,271,000. Dodge & Cox boosted its position in International Flavors & Fragrances by 7.4% during the 1st quarter. Dodge & Cox now owns 33,774,607 shares of the specialty chemicals company's stock worth $2,621,247,000 after acquiring an additional 2,336,844 shares during the period. Finally, Royal Bank of Canada boosted its position in International Flavors & Fragrances by 23.6% during the 4th quarter. Royal Bank of Canada now owns 361,073 shares of the specialty chemicals company's stock worth $30,529,000 after acquiring an additional 68,970 shares during the period. Institutional investors and hedge funds own 96.02% of the company's stock.

Insiders Place Their Bets

In related news, CEO J Erik Fyrwald bought 15,300 shares of the business's stock in a transaction dated Thursday, August 7th. The shares were bought 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 directly owned 77,370 shares of the company's stock, valued at approximately $5,025,181.50. This trade represents a 24.65% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, Director Paul J. Fribourg acquired 15,450 shares of International Flavors & Fragrances stock in a transaction that occurred on 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 completion of the purchase, the director owned 15,450 shares in the company, valued at approximately $1,001,160. This represents a ∞ increase in their position. The disclosure for this purchase can be found here. 0.17% of the stock is owned by insiders.

Analysts Set New Price Targets

IFF has been the subject of a number of analyst reports. UBS Group reduced their price target 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. Oppenheimer lowered International Flavors & Fragrances from an "outperform" rating to a "market perform" rating in a research report on Thursday, August 7th. Barclays reduced their price target 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. Wolfe Research upgraded International Flavors & Fragrances from an "underperform" rating to a "peer perform" rating in a research report on Monday, September 8th. Finally, Tigress Financial reissued a "buy" rating and issued a $105.00 price objective on shares of International Flavors & Fragrances in a research note on Tuesday, August 26th. Twelve analysts have rated the stock with a Buy rating, three have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $92.36.

International Flavors & Fragrances Trading Down 0.4%

Shares of International Flavors & Fragrances stock traded down $0.23 on Wednesday, reaching $64.29. 530,912 shares of the company were exchanged, compared to its average volume of 1,817,025. The stock has a fifty day moving average price of $69.27 and a 200-day moving average price of $73.87. The firm has a market capitalization of $16.48 billion, a price-to-earnings ratio of -41.48, a price-to-earnings-growth ratio of 2.79 and a beta of 1.07. 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 fifty-two week low of $62.33 and a fifty-two week high of $106.77.

International Flavors & Fragrances (NYSE:IFF - Get Free Report) last announced its 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 company 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%.International Flavors & Fragrances's revenue for the quarter was down 4.3% compared to the same quarter last year. During the same period 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, analysts expect that International Flavors & Fragrances Inc. will post 4.32 EPS for the current year.

International Flavors & Fragrances Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, October 10th. Stockholders of record on Monday, September 29th will be given a dividend of $0.40 per share. The ex-dividend date of this dividend is Monday, September 29th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 2.5%. International Flavors & Fragrances's payout ratio is -103.23%.

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.