Fox Run Management L.L.C. Boosts Holdings in International Flavors & Fragrances Inc. $IFF

Key Points

• Fox Run Management raised its stake in International Flavors & Fragrances by 190.9% during the first quarter, owning nearly 10,000 shares valued at approximately $772,000.
• The company recently announced a quarterly dividend of $0.40 per share, resulting in an annualized dividend yield of 2.4%.
• Wall Street analysts have mixed views on the stock, with twelve buy ratings, two hold ratings, and one sell rating, leading to an average price target of $92.36.

Fox Run Management L.L.C. grew its holdings in International Flavors & Fragrances Inc. (NYSE:IFF - Free Report) by 190.9% in the first quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 9,951 shares of the specialty chemicals company's stock after buying an additional 6,530 shares during the period. Fox Run Management L.L.C.'s holdings in International Flavors & Fragrances were worth $772,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. Charles Schwab Investment Management Inc. increased its stake in International Flavors & Fragrances by 2.1% in the first quarter. Charles Schwab Investment Management Inc. now owns 1,577,723 shares of the specialty chemicals company's stock worth $122,447,000 after purchasing an additional 32,005 shares during the period. Allspring Global Investments Holdings LLC grew 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 purchasing an additional 8,490 shares during the last quarter. Manning & Napier Advisors LLC acquired a new position in International Flavors & Fragrances during the first quarter worth $1,271,000. Royal Bank of Canada raised its position in International Flavors & Fragrances by 23.6% during the fourth 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. Finally, Chicago Capital LLC acquired a new position in International Flavors & Fragrances during the first quarter worth $688,000. 96.02% of the stock is owned by hedge funds and other institutional investors.

International Flavors & Fragrances Trading Up 0.2%

International Flavors & Fragrances stock traded up $0.1490 during midday trading on Wednesday, hitting $65.9790. 728,937 shares of the stock were exchanged, compared to its average volume of 1,804,595. International Flavors & Fragrances Inc. has a fifty-two week low of $62.33 and a fifty-two week high of $106.77. The stock has a market capitalization of $16.91 billion, a price-to-earnings ratio of -42.58, a PEG ratio of 2.83 and a beta of 1.04. The stock's 50-day simple moving average is $72.98 and its 200 day simple moving average is $76.29. 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 (NYSE:IFF - Get Free Report) last announced its earnings results on Tuesday, August 5th. The specialty chemicals company reported $1.15 earnings per share for the quarter, topping the consensus estimate of $1.11 by $0.04. The company had revenue of $2.76 billion during the quarter, compared to analyst estimates of $2.69 billion. International Flavors & Fragrances had a negative net margin of 3.48% and a positive return on equity of 7.95%. International Flavors & Fragrances's revenue was down 4.3% compared to the same quarter last year. During the same quarter last year, the firm posted $1.16 earnings per share. International Flavors & Fragrances has set its FY 2025 guidance at EPS. On average, equities analysts anticipate that International Flavors & Fragrances Inc. will post 4.32 EPS for the current year.

International Flavors & Fragrances Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, October 10th. Shareholders 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 2.4%. The ex-dividend date of this dividend is Monday, September 29th. International Flavors & Fragrances's dividend payout ratio (DPR) is -103.23%.

Insiders Place Their Bets

In other International Flavors & Fragrances news, Director Kevin O'byrne acquired 4,500 shares of the stock in a transaction dated Thursday, May 22nd. The stock was acquired at an average price of $76.05 per share, with a total value of $342,225.00. Following the completion of the purchase, the director owned 7,696 shares in the company, valued at $585,280.80. This trade represents a 140.80% increase in their position. The purchase 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 the stock in a transaction dated 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 purchase, the chief executive officer 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 position. The disclosure for this purchase can be found here. Insiders purchased a total of 35,250 shares of company stock valued at $2,337,120 over the last 90 days. 0.17% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on IFF. Robert W. Baird reduced their target price on shares of 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. Tigress Financial began coverage on shares of International Flavors & Fragrances in a research report on Wednesday, June 4th. They issued a "buy" rating and a $105.00 target price for the company. Wells Fargo & Company reduced their target price on shares of 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. Morgan Stanley reduced their target price on shares of 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. Finally, Citigroup increased their target price on shares of International Flavors & Fragrances from $84.00 to $90.00 and gave the company a "buy" rating in a research report on Thursday, May 8th. Twelve analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the company's stock. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $92.36.

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.