Mirova Has $6.36 Million Position in International Flavors & Fragrances Inc. $IFF

Key Points

• Mirova increased its stake in International Flavors & Fragrances Inc. by 6.1%, acquiring an additional 4,684 shares, bringing its total to 81,982 shares valued at approximately $6.36 million.
• Investment analysts have reduced price targets for the company's stock, with a consensus target price of $92.36, while twelve analysts rated the stock as a Buy.
• International Flavors & Fragrances announced a $0.40 quarterly dividend to be paid on October 10th, with a projected annual yield of 2.4%.

Mirova lifted its holdings in shares of International Flavors & Fragrances Inc. (NYSE:IFF - Free Report) by 6.1% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 81,982 shares of the specialty chemicals company's stock after acquiring an additional 4,684 shares during the quarter. International Flavors & Fragrances comprises approximately 1.1% of Mirova's holdings, making the stock its 21st biggest holding. Mirova's holdings in International Flavors & Fragrances were worth $6,363,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in IFF. Wahed Invest LLC boosted its position in shares of International Flavors & Fragrances by 2.1% during the 4th quarter. Wahed Invest LLC now owns 6,339 shares of the specialty chemicals company's stock valued at $536,000 after acquiring an additional 130 shares in the last quarter. Horizon Investments LLC boosted its position in shares of International Flavors & Fragrances by 4.9% during the 1st quarter. Horizon Investments LLC now owns 3,671 shares of the specialty chemicals company's stock valued at $285,000 after acquiring an additional 172 shares in the last quarter. GM Advisory Group LLC boosted its position in shares of International Flavors & Fragrances by 2.6% during the 1st quarter. GM Advisory Group LLC now owns 7,952 shares of the specialty chemicals company's stock valued at $617,000 after acquiring an additional 202 shares in the last quarter. Byrne Asset Management LLC boosted its position in shares of International Flavors & Fragrances by 3.3% during the 1st quarter. Byrne Asset Management LLC now owns 6,637 shares of the specialty chemicals company's stock valued at $515,000 after acquiring an additional 210 shares in the last quarter. Finally, Channing Global Advisors LLC boosted its position in shares of International Flavors & Fragrances by 0.5% during the 1st quarter. Channing Global Advisors LLC now owns 46,234 shares of the specialty chemicals company's stock valued at $3,588,000 after acquiring an additional 226 shares in the last quarter. Institutional investors and hedge funds own 96.02% of the company's stock.

Analyst Upgrades and Downgrades

IFF has been the topic of several recent research reports. Citigroup lifted 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. Tigress Financial reiterated a "buy" rating and set a $105.00 target price on shares of International Flavors & Fragrances in a research report on Tuesday. Oppenheimer downgraded shares of International Flavors & Fragrances from an "outperform" rating to a "market perform" rating in a report on Thursday, August 7th. Wells Fargo & Company cut their price target on shares of International Flavors & Fragrances from $90.00 to $85.00 and set an "overweight" rating for the company in a report on Thursday, August 7th. Finally, Morgan Stanley cut their price target on shares of International Flavors & Fragrances from $100.00 to $98.00 and set an "overweight" rating for the company in a report on Tuesday, May 13th. Twelve research 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. Based on data from MarketBeat.com, International Flavors & Fragrances has an average rating of "Moderate Buy" and a consensus target price of $92.36.

International Flavors & Fragrances Trading Up 0.5%

Shares of NYSE:IFF traded up $0.34 during trading on Thursday, hitting $67.12. 1,467,551 shares of the company's stock were exchanged, compared to its average volume of 1,812,526. International Flavors & Fragrances Inc. has a 1-year low of $62.33 and a 1-year high of $106.77. The firm has a 50-day moving average price of $71.81 and a two-hundred day moving average price of $75.57. The company has a current ratio of 1.86, a quick ratio of 1.12 and a debt-to-equity ratio of 0.39. The firm has a market cap of $17.20 billion, a P/E ratio of -43.30, a PEG ratio of 2.89 and a beta of 1.04.

International Flavors & Fragrances (NYSE:IFF - Get Free Report) last issued its quarterly earnings results on Tuesday, August 5th. The specialty chemicals company reported $1.15 EPS for the quarter, topping the consensus estimate of $1.11 by $0.04. International Flavors & Fragrances had a negative net margin of 3.48% and a positive return on equity of 7.95%. The company had revenue of $2.76 billion during the quarter, compared to analysts' expectations of $2.69 billion. During the same quarter in the previous year, the company earned $1.16 EPS. International Flavors & Fragrances's revenue was down 4.3% on a year-over-year basis. International Flavors & Fragrances has set its FY 2025 guidance at EPS. Equities analysts predict that International Flavors & Fragrances Inc. will post 4.32 earnings per share for the current year.

International Flavors & Fragrances Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, October 10th. Stockholders of record on Monday, September 29th will be given a dividend of $0.40 per share. The ex-dividend date is Monday, September 29th. This represents a $1.60 annualized dividend and a dividend yield of 2.4%. International Flavors & Fragrances's payout ratio is currently -103.23%.

Insider Activity at International Flavors & Fragrances

In other news, CEO J Erik Fyrwald acquired 15,300 shares of the firm's stock in a transaction that occurred on Thursday, August 7th. The stock was purchased at an average price of $64.95 per share, for a total transaction of $993,735.00. Following the completion of the acquisition, the chief executive officer owned 77,370 shares in the company, valued at $5,025,181.50. This trade represents a 24.65% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director Paul J. Fribourg acquired 15,450 shares of the firm's stock in a transaction that occurred on Thursday, August 7th. The shares were purchased at an average price of $64.80 per share, with a total value of $1,001,160.00. Following the acquisition, the director owned 15,450 shares of the company's stock, valued at approximately $1,001,160. This trade represents a ∞ increase in their position. The disclosure for this purchase can be found here. 0.20% of the stock is owned by insiders.

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.