National Pension Service Boosts Holdings in International Flavors & Fragrances Inc. $IFF

Key Points

• The National Pension Service increased its stake in International Flavors & Fragrances by 28.1% during Q1, owning approximately 0.17% of the company valued at $34.4 million after acquiring additional shares.
• Several institutional investors, such as Freemont Capital and Nuveen LLC, have also made significant investments in International Flavors & Fragrances, with hedge funds now owning 96.02% of the stock.
• The company announced a quarterly dividend of $0.40 per share, which will be paid on October 10th, representing an annualized dividend yield of 2.4%.

National Pension Service grew its position in International Flavors & Fragrances Inc. (NYSE:IFF - Free Report) by 28.1% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 442,822 shares of the specialty chemicals company's stock after purchasing an additional 97,191 shares during the quarter. National Pension Service owned about 0.17% of International Flavors & Fragrances worth $34,367,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Charles Schwab Investment Management Inc. grew its holdings 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 last quarter. Allspring Global Investments Holdings LLC grew its stake 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 valued at $6,525,000 after purchasing an additional 8,490 shares during the last quarter. Manning & Napier Advisors LLC acquired a new position in shares of International Flavors & Fragrances in the first quarter valued at about $1,271,000. Royal Bank of Canada raised its stake in shares of International Flavors & Fragrances by 23.6% in the fourth quarter. Royal Bank of Canada now owns 361,073 shares of the specialty chemicals company's stock worth $30,529,000 after purchasing an additional 68,970 shares during the last quarter. Finally, Chicago Capital LLC acquired a new stake in shares of International Flavors & Fragrances during the first quarter worth about $688,000. 96.02% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other International Flavors & Fragrances news, Director Paul J. Fribourg acquired 15,450 shares of the company's stock in a transaction that occurred on Thursday, August 7th. The stock was bought at an average price of $64.80 per share, with a total value of $1,001,160.00. Following the purchase, the director owned 15,450 shares in the company, valued at approximately $1,001,160. The trade was a ∞ increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO J Erik Fyrwald acquired 15,300 shares of the company's stock in a transaction that occurred on Thursday, August 7th. The shares were 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 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. 0.20% of the stock is currently owned by corporate insiders.

International Flavors & Fragrances Price Performance

Shares of International Flavors & Fragrances stock traded down $0.0320 during trading hours on Thursday, reaching $66.0780. The stock had a trading volume of 324,083 shares, compared to its average volume of 1,802,830. International Flavors & Fragrances Inc. has a twelve month low of $62.33 and a twelve month high of $106.77. 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 stock's 50 day moving average is $72.73 and its 200 day moving average is $76.22. The firm has a market capitalization of $16.94 billion, a PE ratio of -42.66, a PEG ratio of 2.85 and a beta of 1.04.

International Flavors & Fragrances (NYSE:IFF - Get Free Report) last released its quarterly 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. International Flavors & Fragrances had a negative net margin of 3.48% and a positive return on equity of 7.95%. The firm had revenue of $2.76 billion during the quarter, compared to the consensus estimate of $2.69 billion. During the same quarter in the prior year, the firm earned $1.16 EPS. The company's revenue for the quarter was down 4.3% on a year-over-year basis. International Flavors & Fragrances has set its FY 2025 guidance at EPS. Equities analysts expect that International Flavors & Fragrances Inc. will post 4.32 earnings per share for the current fiscal year.

International Flavors & Fragrances Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, October 10th. Investors 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 is currently -103.23%.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on IFF shares. 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 objective on shares of International Flavors & Fragrances from $90.00 to $85.00 and set an "overweight" rating on the stock in a research note on Thursday, August 7th. Tigress Financial began coverage on shares of International Flavors & Fragrances in a research report on Wednesday, June 4th. They set a "buy" rating and a $105.00 target price for the company. Barclays decreased their target price on shares of 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. Finally, UBS Group decreased their target price on shares of 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 equities research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, International Flavors & Fragrances presently has an average rating of "Moderate Buy" and a consensus target price of $92.36.

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.