International Flavors & Fragrances Inc. $IFF Stake Reduced by Price T Rowe Associates Inc. MD

Key Points

• Price T Rowe Associates Inc. MD has reduced its stake in International Flavors & Fragrances Inc. by 1.1%, now holding approximately 1,276,182 shares, valued at $99,046,000.
• Analysts have downgraded the stock's rating, with Oppenheimer shifting from "outperform" to "market perform," while Morgan Stanley and UBS have reduced their price targets.
• CEO J Erik Fyrwald significantly increased his holdings by purchasing 15,300 shares at an average price of $64.95, indicating confidence in the company's future prospects.

Price T Rowe Associates Inc. MD cut its holdings in International Flavors & Fragrances Inc. (NYSE:IFF - Free Report) by 1.1% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 1,276,182 shares of the specialty chemicals company's stock after selling 14,641 shares during the quarter. Price T Rowe Associates Inc. MD owned about 0.50% of International Flavors & Fragrances worth $99,046,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of IFF. Zions Bancorporation National Association UT bought a new stake in International Flavors & Fragrances in the first quarter worth about $42,000. Mather Group LLC. raised its holdings in 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 buying an additional 421 shares during the period. Smallwood Wealth Investment Management LLC acquired a new stake in International Flavors & Fragrances during the 1st quarter worth about $77,000. Quarry LP acquired a new stake in International Flavors & Fragrances during the 4th quarter worth about $78,000. Finally, Strengthening Families & Communities LLC raised its holdings in 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 buying an additional 420 shares during the period. 96.02% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several analysts have issued reports on the company. Oppenheimer downgraded International Flavors & Fragrances from an "outperform" rating to a "market perform" rating in a report on Thursday, August 7th. 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 objective on the stock. UBS Group cut their price objective on International Flavors & Fragrances from $83.00 to $79.00 and set a "neutral" rating on the stock in a report on Wednesday, August 6th. Barclays cut their price objective on International Flavors & Fragrances from $84.00 to $78.00 and set an "overweight" rating on the stock in a report on Friday, August 8th. Finally, Morgan Stanley lowered their target price on International Flavors & Fragrances from $100.00 to $98.00 and set an "overweight" rating on the stock in a research note on Tuesday, May 13th. Twelve investment analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $92.36.

Insider Activity at International Flavors & Fragrances

In other news, CEO J Erik Fyrwald purchased 15,300 shares of the stock in a transaction that occurred on Thursday, August 7th. The stock was 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 in the company, valued at $5,025,181.50. This represents a 24.65% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Paul J. Fribourg purchased 15,450 shares of the stock in a transaction that occurred on Thursday, August 7th. The stock was purchased 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. Insiders own 0.20% of the company's stock.

International Flavors & Fragrances Trading Down 1.2%

NYSE:IFF opened at $67.17 on Tuesday. The company has a debt-to-equity ratio of 0.39, a current ratio of 1.86 and a quick ratio of 1.12. International Flavors & Fragrances Inc. has a fifty-two week low of $62.33 and a fifty-two week high of $106.77. The stock's 50-day moving average is $72.13 and its two-hundred day moving average is $75.70. The stock has a market cap of $17.21 billion, a PE ratio of -43.34, a price-to-earnings-growth ratio of 2.94 and a beta of 1.04.

International Flavors & Fragrances (NYSE:IFF - Get Free Report) last released its earnings results on Tuesday, August 5th. The specialty chemicals company reported $1.15 earnings per share for the quarter, beating 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 company had revenue of $2.76 billion for the quarter, compared to analysts' expectations of $2.69 billion. During the same quarter in the previous year, the business posted $1.16 EPS. The business'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. As a group, equities research analysts forecast that International Flavors & Fragrances Inc. will post 4.32 earnings per share for the current fiscal year.

International Flavors & Fragrances Announces Dividend

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