MBB Public Markets I LLC Acquires New Stake in International Flavors & Fragrances Inc. $IFF

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 acquired a new stake in shares of International Flavors & Fragrances Inc. (NYSE:IFF - Free Report) during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 3,956 shares of the specialty chemicals company's stock, valued at approximately $307,000.

Other large investors have also made changes to their positions in the company. Banque Transatlantique SA acquired a new stake in shares of International Flavors & Fragrances during the first quarter valued at $32,000. Zions Bancorporation National Association UT acquired a new stake in shares of International Flavors & Fragrances during the first quarter valued at $42,000. Mather Group LLC. boosted its stake in shares of International Flavors & Fragrances by 179.9% during the first quarter. Mather Group LLC. now owns 655 shares of the specialty chemicals company's stock valued at $51,000 after acquiring an additional 421 shares during the last quarter. Smallwood Wealth Investment Management LLC acquired a new stake in shares of International Flavors & Fragrances during the first quarter valued at $77,000. Finally, Quarry LP boosted its stake in shares of International Flavors & Fragrances by 40.0% during the first quarter. Quarry LP now owns 1,295 shares of the specialty chemicals company's stock valued at $101,000 after acquiring an additional 370 shares during the last quarter. Institutional investors and hedge funds own 96.02% of the company's stock.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on IFF. Tigress Financial reiterated a "buy" rating and set a $105.00 price objective on shares of International Flavors & Fragrances in a report on Tuesday, August 26th. Wells Fargo & Company decreased their target price on shares of International Flavors & Fragrances from $90.00 to $85.00 and set an "overweight" rating on the stock in a research report on Thursday, August 7th. Oppenheimer cut shares of International Flavors & Fragrances from an "outperform" rating to a "market perform" rating in a research report on Thursday, August 7th. Wolfe Research raised shares of International Flavors & Fragrances from an "underperform" rating to a "peer perform" rating in a research report on Monday. Finally, Barclays decreased their target price on shares of International Flavors & Fragrances from $84.00 to $78.00 and set an "overweight" rating on the stock in a research report on Friday, August 8th. Twelve investment analysts have rated the stock with a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $92.36.

International Flavors & Fragrances Stock Performance

NYSE IFF opened at $64.46 on Thursday. The firm has a market capitalization of $16.52 billion, a P/E ratio of -41.59, a P/E/G ratio of 2.82 and a beta of 1.07. International Flavors & Fragrances Inc. has a 1-year low of $62.33 and a 1-year high of $106.77. The company has a debt-to-equity ratio of 0.39, a current ratio of 1.86 and a quick ratio of 1.12. The business's 50-day simple moving average is $70.13 and its 200-day simple moving average is $74.35.

International Flavors & Fragrances (NYSE:IFF - Get Free Report) last released its quarterly earnings data 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. The business had revenue of $2.76 billion for the quarter, compared to analyst estimates of $2.69 billion. International Flavors & Fragrances had a positive return on equity of 7.95% and a negative net margin of 3.48%.The company's revenue was down 4.3% compared to the same quarter last year. During the same period in the previous year, the company posted $1.16 EPS. International Flavors & Fragrances has set its FY 2025 guidance at EPS. Equities analysts predict that International Flavors & Fragrances Inc. will post 4.32 EPS for the current year.

International Flavors & Fragrances Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, October 10th. Investors of record on Monday, September 29th will be given 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 yield of 2.5%. International Flavors & Fragrances's payout ratio is -103.23%.

Insider Activity at International Flavors & Fragrances

In related 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 purchased at an average cost of $64.80 per share, with a total value of $1,001,160.00. Following the transaction, the director owned 15,450 shares of the company's stock, valued at approximately $1,001,160. The trade was a ∞ increase in their position. The purchase was disclosed in a filing with the SEC, which can be accessed through this link. Also, CEO J Erik Fyrwald purchased 15,300 shares of International Flavors & Fragrances stock in a transaction that occurred on Thursday, August 7th. The shares were bought at an average cost of $64.95 per share, for a total transaction of $993,735.00. Following the completion of the transaction, the chief executive officer directly owned 77,370 shares in the company, valued at $5,025,181.50. This represents a 24.65% 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 Company 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.

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