Legal & General Group Plc acquired a new position in shares of International Flavors & Fragrances Inc. (NYSE:IFF - Free Report) in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 1,164,404 shares of the specialty chemicals company's stock, valued at approximately $92,259,000. Legal & General Group Plc owned 0.46% of International Flavors & Fragrances as of its most recent filing with the Securities and Exchange Commission.
A number of other institutional investors and hedge funds have also added to or reduced their stakes in IFF. Lloyd Advisory Services LLC. acquired a new stake in International Flavors & Fragrances during the fourth quarter valued at approximately $27,000. Root Financial Partners LLC raised its holdings in shares of International Flavors & Fragrances by 97.9% in the 1st quarter. Root Financial Partners LLC now owns 554 shares of the specialty chemicals company's stock worth $40,000 after buying an additional 274 shares in the last quarter. Geneos Wealth Management Inc. lifted its position in shares of International Flavors & Fragrances by 55.7% during the 1st quarter. Geneos Wealth Management Inc. now owns 587 shares of the specialty chemicals company's stock worth $46,000 after buying an additional 210 shares during the period. Transamerica Financial Advisors LLC boosted its stake in International Flavors & Fragrances by 884.1% in the 2nd quarter. Transamerica Financial Advisors LLC now owns 679 shares of the specialty chemicals company's stock valued at $50,000 after buying an additional 610 shares in the last quarter. Finally, EFG International AG acquired a new stake in International Flavors & Fragrances in the 4th quarter valued at $73,000. Institutional investors own 96.02% of the company's stock.
Analyst Upgrades and Downgrades
A number of brokerages have issued reports on IFF. Zacks Research cut International Flavors & Fragrances from a "hold" rating to a "strong sell" rating in a report on Thursday, August 6th. JPMorgan Chase & Co. upped their target price on shares of International Flavors & Fragrances from $90.00 to $92.00 and gave the stock an "overweight" rating in a report on Thursday, May 7th. Oppenheimer lifted their price target on shares of International Flavors & Fragrances from $88.00 to $90.00 and gave the company an "outperform" rating in a report on Thursday, May 7th. Barclays boosted their price target on shares of International Flavors & Fragrances from $90.00 to $96.00 and gave the company an "overweight" rating in a research report on Friday, August 7th. Finally, Weiss Ratings cut shares of International Flavors & Fragrances from a "hold (c)" rating to a "hold (c-)" rating in a research note on Monday, August 17th. Twelve analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has assigned a Sell rating to the company's stock. According to data from MarketBeat.com, International Flavors & Fragrances currently has an average rating of "Moderate Buy" and an average target price of $91.40.
Read Our Latest Analysis on IFF
Insider Activity at International Flavors & Fragrances
In other International Flavors & Fragrances news, insider De Mendonca Ana Paula Teles sold 5,718 shares of the company's stock in a transaction on Monday, August 17th. The stock was sold at an average price of $83.19, for a total transaction of $475,680.42. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, Director Paul J. Fribourg bought 260,000 shares of the stock in a transaction dated Monday, June 1st. The stock was purchased at an average cost of $74.28 per share, with a total value of $19,312,800.00. Following the completion of the purchase, the director directly owned 2,682,730 shares in the company, valued at approximately $199,273,184.40. This trade represents a 10.73% increase in their position. The SEC filing for this purchase provides additional information. Insiders have sold a total of 15,543 shares of company stock valued at $1,315,659 over the last ninety days. Company insiders own 1.07% of the company's stock.
International Flavors & Fragrances Price Performance
Shares of IFF stock opened at $86.86 on Friday. International Flavors & Fragrances Inc. has a 52 week low of $59.14 and a 52 week high of $89.32. The stock has a market capitalization of $22.16 billion, a PE ratio of 79.69, a PEG ratio of 3.22 and a beta of 0.93. The company has a debt-to-equity ratio of 0.34, a quick ratio of 1.72 and a current ratio of 2.06. The stock's fifty day moving average is $80.32 and its 200-day moving average is $76.72.
International Flavors & Fragrances (NYSE:IFF - Get Free Report) last released its quarterly earnings results on Tuesday, August 4th. The specialty chemicals company reported $0.82 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.07 by ($0.25). International Flavors & Fragrances had a net margin of 2.78% and a return on equity of 7.11%. The business had revenue of $1.95 billion during the quarter, compared to the consensus estimate of $2.62 billion. During the same period in the prior year, the firm earned $1.15 earnings per share. The business's quarterly revenue was up 1.8% compared to the same quarter last year. Equities research analysts expect that International Flavors & Fragrances Inc. will post 3.08 EPS for the current fiscal year.
International Flavors & Fragrances Dividend Announcement
The business also recently announced a quarterly dividend, which will be paid on Friday, October 9th. Stockholders of record on Friday, September 18th will be given a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.8%. The ex-dividend date is Friday, September 18th. International Flavors & Fragrances's dividend payout ratio is presently 146.79%.
International Flavors & Fragrances declared that its board has initiated a stock repurchase plan on Tuesday, August 4th that permits the company to repurchase $2.50 billion in outstanding shares. This repurchase authorization permits the specialty chemicals company to reacquire up to 12.1% of its stock through open market purchases. Stock repurchase plans are typically an indication that the company's leadership believes its shares are undervalued.
International Flavors & Fragrances Company Profile
(
Free Report)
International Flavors & Fragrances Inc NYSE: IFF is a global leader in the creation and production of flavors, fragrances, cosmetic actives and nutritional lipids. The company develops taste and scent solutions for a wide array of end markets including food and beverage, personal care, household goods and pharmaceutical products. Its portfolio spans natural and nature-identical flavors, fine fragrances, functional ingredients for skin and hair care, and specialty oils that enhance nutritional value and sensory appeal.
IFF's research and development network comprises innovation centers in North America, Europe, Asia-Pacific and Latin America, where multidisciplinary teams collaborate on aroma chemistry, sensory science and biotechnology.
See Also
Want to see what other hedge funds are holding IFF? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for International Flavors & Fragrances Inc. (NYSE:IFF - Free Report).
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.
Continue following MarketBeat
Add MarketBeat as your preferred source on Google to see our latest stories in your feed.
Before you consider International Flavors & Fragrances, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and International Flavors & Fragrances wasn't on the list.
While International Flavors & Fragrances currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Nuclear energy is entering a new growth cycle as rising power demand, expanding data centers, and renewed policy support bring the sector back into focus. After strong gains in recent years, the most impactful phase of nuclear investment may still be ahead.
This report highlights seven nuclear energy stocks positioned across the value chain—combining near-term revenue with long-term upside as next-generation technologies scale. Click the link below to unlock the full list.
Get This Free Report
