3,956 Shares in International Flavors & Fragrances Inc. $IFF Bought by MBB Public Markets I LLC

Key Points

• MBB Public Markets I LLC has acquired a new stake in International Flavors & Fragrances Inc., purchasing 3,956 shares valued at approximately $307,000.
• International Flavors & Fragrances reported earnings of $1.15 per share for the quarter, surpassing estimates, despite a 4.3% decline in revenue compared to the previous year.
• The company declared a quarterly dividend of $0.40 per share, resulting in an annualized yield of 2.5%, with the ex-dividend date set for September 29th.

MBB Public Markets I LLC bought a new position in International Flavors & Fragrances Inc. (NYSE:IFF - Free Report) in the first quarter, according to the company in its most recent 13F filing with the SEC. The fund bought 3,956 shares of the specialty chemicals company's stock, valued at approximately $307,000.

A number of other hedge funds also recently bought and sold shares of the company. Dodge & Cox lifted its position in International Flavors & Fragrances by 7.4% in the 1st quarter. Dodge & Cox now owns 33,774,607 shares of the specialty chemicals company's stock worth $2,621,247,000 after buying an additional 2,336,844 shares during the last quarter. Vanguard Group Inc. lifted its position in International Flavors & Fragrances by 0.6% in the 1st quarter. Vanguard Group Inc. now owns 30,390,040 shares of the specialty chemicals company's stock worth $2,358,571,000 after buying an additional 171,281 shares during the last quarter. First Pacific Advisors LP lifted its position in International Flavors & Fragrances by 0.8% in the 1st quarter. First Pacific Advisors LP now owns 4,062,075 shares of the specialty chemicals company's stock worth $315,258,000 after buying an additional 32,302 shares during the last quarter. Invesco Ltd. lifted its position in International Flavors & Fragrances by 15.3% in the 1st quarter. Invesco Ltd. now owns 2,992,437 shares of the specialty chemicals company's stock worth $232,243,000 after buying an additional 397,327 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its position in International Flavors & Fragrances by 2.1% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 1,577,723 shares of the specialty chemicals company's stock worth $122,447,000 after buying an additional 32,005 shares during the last quarter. Institutional investors own 96.02% of the company's stock.

Analysts Set New Price Targets

Several brokerages have weighed in on IFF. Tigress Financial reiterated a "buy" rating and issued a $105.00 price objective on shares of International Flavors & Fragrances in a research report on Tuesday, August 26th. Barclays lowered their price objective 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. Oppenheimer downgraded International Flavors & Fragrances from an "outperform" rating to a "market perform" rating in a research report on Thursday, August 7th. Wolfe Research upgraded International Flavors & Fragrances from an "underperform" rating to a "peer perform" rating in a research report on Monday, September 8th. Finally, UBS Group lowered their price objective 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. Twelve analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the company's stock. Based on data from MarketBeat.com, International Flavors & Fragrances has a consensus rating of "Moderate Buy" and a consensus price target of $92.36.

Insider Activity at International Flavors & Fragrances

In other news, Director Paul J. Fribourg purchased 15,450 shares of International Flavors & Fragrances stock in a transaction that occurred on Thursday, August 7th. The shares were bought 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 directly owned 15,450 shares in the company, valued at approximately $1,001,160. This trade represents a ∞ increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO J Erik Fyrwald purchased 15,300 shares of International Flavors & Fragrances stock in a transaction that occurred on Thursday, August 7th. The stock was purchased at an average cost of $64.95 per share, for a total transaction of $993,735.00. Following the completion of the purchase, the chief executive officer owned 77,370 shares of the company's stock, valued at $5,025,181.50. This trade represents a 24.65% increase in their ownership of the stock. The disclosure for this purchase can be found here. 0.20% of the stock is currently owned by insiders.

International Flavors & Fragrances Trading Up 0.1%

Shares of IFF traded up $0.06 during mid-day trading on Tuesday, hitting $64.43. 378,938 shares of the company's stock traded hands, compared to its average volume of 1,817,081. The company has a quick ratio of 1.12, a current ratio of 1.86 and a debt-to-equity ratio of 0.39. International Flavors & Fragrances Inc. has a 1 year low of $62.33 and a 1 year high of $106.77. The firm has a market capitalization of $16.51 billion, a P/E ratio of -41.55, a PEG ratio of 2.84 and a beta of 1.07. The business's 50-day moving average price is $69.50 and its 200-day moving average price is $73.94.

International Flavors & Fragrances (NYSE:IFF - Get Free Report) last posted its earnings results on Tuesday, August 5th. The specialty chemicals company reported $1.15 earnings per share (EPS) 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 firm had revenue of $2.76 billion for the quarter, compared to analysts' expectations of $2.69 billion. During the same period in the previous year, the firm earned $1.16 earnings per share. The business's revenue was down 4.3% compared to the same quarter last year. International Flavors & Fragrances has set its FY 2025 guidance at EPS. As a group, sell-side analysts forecast that International Flavors & Fragrances Inc. will post 4.32 EPS for the current fiscal year.

International Flavors & Fragrances Announces Dividend

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