Nuveen LLC Buys Shares of 738,613 International Flavors & Fragrances Inc. $IFF

Key Points

• Nuveen LLC has acquired 738,613 shares of International Flavors & Fragrances Inc. (NYSE:IFF), valued at approximately $57.3 million, representing roughly 0.29% of the company's stock.
• Wall Street analysts have mixed ratings on IFF shares, with an average target price of $92.36, and significant changes in analysts' ratings from "overweight" to "market perform."
• International Flavors & Fragrances recently announced a quarterly dividend of $0.40 per share, with a yield of 2.4%, set to be paid on October 10th.

Nuveen LLC purchased a new position in International Flavors & Fragrances Inc. (NYSE:IFF - Free Report) during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 738,613 shares of the specialty chemicals company's stock, valued at approximately $57,324,000. Nuveen LLC owned about 0.29% of International Flavors & Fragrances as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of IFF. Bessemer Group Inc. boosted its stake in shares of International Flavors & Fragrances by 6.6% in the 4th quarter. Bessemer Group Inc. now owns 3,515 shares of the specialty chemicals company's stock worth $297,000 after buying an additional 219 shares during the last quarter. Townsquare Capital LLC boosted its stake in shares of International Flavors & Fragrances by 54.5% in the 4th quarter. Townsquare Capital LLC now owns 3,678 shares of the specialty chemicals company's stock worth $311,000 after buying an additional 1,298 shares during the last quarter. Synovus Financial Corp purchased a new position in shares of International Flavors & Fragrances in the 4th quarter worth $327,000. Mariner LLC raised its holdings in International Flavors & Fragrances by 9.1% in the 4th quarter. Mariner LLC now owns 26,023 shares of the specialty chemicals company's stock worth $2,200,000 after purchasing an additional 2,181 shares during the period. Finally, Jump Financial LLC raised its holdings in International Flavors & Fragrances by 83.3% in the 4th quarter. Jump Financial LLC now owns 8,618 shares of the specialty chemicals company's stock worth $729,000 after purchasing an additional 3,917 shares during the period. 96.02% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on IFF shares. UBS Group decreased their target price on International Flavors & Fragrances from $83.00 to $79.00 and set a "neutral" rating on the stock in a report on Wednesday, August 6th. Wells Fargo & Company decreased their target price on International Flavors & Fragrances from $90.00 to $85.00 and set an "overweight" rating on the stock in a report on Thursday, August 7th. Citigroup raised their target price on International Flavors & Fragrances from $84.00 to $90.00 and gave the stock a "buy" rating in a report on Thursday, May 8th. Robert W. Baird decreased their target price on International Flavors & Fragrances from $110.00 to $100.00 and set an "outperform" rating on the stock in a report on Thursday, May 8th. Finally, Tigress Financial began coverage on International Flavors & Fragrances in a report on Wednesday, June 4th. They issued a "buy" rating and a $105.00 target price on the stock. Twelve analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $92.36.

Insider Activity

In related news, Director Kevin O'byrne purchased 4,500 shares of the company's stock in a transaction that occurred on Thursday, May 22nd. The stock was bought at an average price of $76.05 per share, for a total transaction of $342,225.00. Following the completion of the transaction, the director owned 7,696 shares in the company, valued at approximately $585,280.80. The trade was a 140.80% increase in their position. The purchase was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO J Erik Fyrwald purchased 15,300 shares of the company's stock in a transaction that occurred on Thursday, August 7th. The stock was bought at an average price of $64.95 per share, with a total value of $993,735.00. Following the transaction, the chief executive officer owned 77,370 shares of the company's stock, 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 bought a total of 35,250 shares of company stock worth $2,337,120 over the last 90 days. Corporate insiders own 0.17% of the company's stock.

International Flavors & Fragrances Price Performance

Shares of International Flavors & Fragrances stock traded up $0.28 during trading on Tuesday, reaching $65.59. 267,998 shares of the stock traded hands, compared to its average volume of 1,805,438. The company has a market capitalization of $16.81 billion, a price-to-earnings ratio of -42.32, a P/E/G ratio of 2.85 and a beta of 1.04. The business has a fifty day simple moving average of $73.25 and a two-hundred day simple moving average of $76.36. The company has a debt-to-equity ratio of 0.39, a current ratio of 1.86 and a quick ratio of 1.12. International Flavors & Fragrances Inc. has a 52-week low of $62.33 and a 52-week high of $106.77.

International Flavors & Fragrances (NYSE:IFF - Get Free Report) last issued its quarterly earnings data on Tuesday, August 5th. The specialty chemicals company reported $1.15 earnings per share for the quarter, beating analysts' consensus estimates of $1.11 by $0.04. The firm had revenue of $2.76 billion during 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 business's quarterly revenue was down 4.3% compared to the same quarter last year. During the same quarter last year, the business posted $1.16 earnings per share. International Flavors & Fragrances has set its FY 2025 guidance at EPS. Sell-side analysts expect that International Flavors & Fragrances Inc. will post 4.32 EPS for the current year.

International Flavors & Fragrances Dividend Announcement

The company also recently disclosed 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 dividend on an annualized basis and a dividend yield of 2.4%. International Flavors & Fragrances's dividend payout ratio (DPR) is presently -103.23%.

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.