International Flavors & Fragrances Inc. $IFF Stock Position Lifted by ZWJ Investment Counsel Inc.

ZWJ Investment Counsel Inc. lifted its holdings in International Flavors & Fragrances Inc. (NYSE:IFF - Free Report) by 5.0% in the 2nd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 320,414 shares of the specialty chemicals company's stock after purchasing an additional 15,250 shares during the quarter. ZWJ Investment Counsel Inc. owned 0.13% of International Flavors & Fragrances worth $23,566,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently modified their holdings of the business. Banque Transatlantique SA acquired a new stake in shares of International Flavors & Fragrances in the first quarter valued at $32,000. American National Bank & Trust lifted its holdings in shares of International Flavors & Fragrances by 11,975.0% in the second quarter. American National Bank & Trust now owns 483 shares of the specialty chemicals company's stock valued at $36,000 after buying an additional 479 shares during the period. Zions Bancorporation National Association UT acquired a new stake in shares of International Flavors & Fragrances in the first quarter valued at $42,000. Geneos Wealth Management Inc. lifted its holdings in shares of International Flavors & Fragrances by 55.7% in the first quarter. Geneos Wealth Management Inc. now owns 587 shares of the specialty chemicals company's stock valued at $46,000 after buying an additional 210 shares during the period. Finally, Mather Group LLC. lifted its holdings in shares of International Flavors & Fragrances by 179.9% in the first quarter. Mather Group LLC. now owns 655 shares of the specialty chemicals company's stock valued at $51,000 after buying an additional 421 shares during the period. Institutional investors own 96.02% of the company's stock.

Analyst Upgrades and Downgrades

IFF has been the subject of several research analyst reports. Wells Fargo & Company cut their price objective on International Flavors & Fragrances from $90.00 to $85.00 and set an "overweight" rating for the company in a report on Thursday, August 7th. Mizuho cut their price objective on International Flavors & Fragrances from $85.00 to $75.00 and set an "outperform" rating for the company in a report on Friday. BNP Paribas cut their price objective on International Flavors & Fragrances from $92.00 to $91.00 in a report on Monday, September 29th. Berenberg Bank cut their price objective on International Flavors & Fragrances from $78.80 to $78.30 and set a "hold" rating for the company in a report on Monday, September 29th. Finally, Tigress Financial reaffirmed a "buy" rating and set a $105.00 target price on shares of International Flavors & Fragrances in a report on Tuesday, August 26th. 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 company. According to MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of $90.25.

International Flavors & Fragrances Trading Up 1.0%

Shares of NYSE IFF opened at $62.15 on Friday. International Flavors & Fragrances Inc. has a 12 month low of $59.89 and a 12 month high of $106.77. The company has a market cap of $15.93 billion, a price-to-earnings ratio of -40.10, a P/E/G ratio of 2.67 and a beta of 1.07. 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 fifty day simple moving average of $65.66 and a 200-day simple moving average of $72.24.

International Flavors & Fragrances (NYSE:IFF - Get Free Report) last announced its earnings results on Tuesday, August 5th. The specialty chemicals company reported $1.15 EPS for the quarter, beating the consensus estimate of $1.11 by $0.04. The business had revenue of $2.76 billion during the quarter, compared to the consensus estimate 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 was down 4.3% compared to the same quarter last year. During the same period in the prior year, the business posted $1.16 earnings per share. International Flavors & Fragrances has set its FY 2025 guidance at EPS. Sell-side analysts predict that International Flavors & Fragrances Inc. will post 4.32 EPS for the current 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 $0.40 dividend. 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%.

Insider Activity

In other International Flavors & Fragrances news, 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 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 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 SEC, which can be accessed through this link. Also, CEO J Erik Fyrwald acquired 15,300 shares of International Flavors & Fragrances stock in a transaction that occurred on Thursday, August 7th. The stock was acquired at an average cost of $64.95 per share, with a total value of $993,735.00. Following the completion of the purchase, 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. 0.20% of the stock is currently owned by corporate insiders.

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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