OFI Invest Asset Management Purchases 14,983 Shares of International Flavors & Fragrances Inc. $IFF

Key Points

• OFI Invest Asset Management increased its stake in International Flavors & Fragrances Inc. by 7.6% during the second quarter, acquiring a total of 14,983 shares to own approximately 212,203 shares in total.
• Directors and institutional investors have been actively purchasing shares, with Paul J. Fribourg and CEO J Erik Fyrwald both acquiring significant amounts of stock, indicating strong internal confidence in the company.
• Despite favorable quarterly earnings, International Flavors & Fragrances shares have recently dropped by 0.9%, opening at $59.59, with analysts indicating a mixed sentiment regarding future performance and revised price targets.

OFI Invest Asset Management lifted its position in shares of International Flavors & Fragrances Inc. (NYSE:IFF - Free Report) by 7.6% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 212,203 shares of the specialty chemicals company's stock after acquiring an additional 14,983 shares during the quarter. OFI Invest Asset Management owned approximately 0.08% of International Flavors & Fragrances worth $15,608,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently 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 worth $32,000. American National Bank & Trust grew its stake in shares of International Flavors & Fragrances by 11,975.0% during the second quarter. American National Bank & Trust now owns 483 shares of the specialty chemicals company's stock worth $36,000 after purchasing an additional 479 shares during the period. Zions Bancorporation National Association UT acquired a new stake in shares of International Flavors & Fragrances during the first quarter worth $42,000. Geneos Wealth Management Inc. grew its stake in shares of International Flavors & Fragrances by 55.7% during the first quarter. Geneos Wealth Management Inc. now owns 587 shares of the specialty chemicals company's stock worth $46,000 after purchasing an additional 210 shares during the period. Finally, Eastern Bank grew its stake in shares of International Flavors & Fragrances by 43.9% during the second quarter. Eastern Bank now owns 633 shares of the specialty chemicals company's stock worth $47,000 after purchasing an additional 193 shares during the period. Institutional investors own 96.02% of the company's stock.

Insider Activity

In related news, Director Paul J. Fribourg acquired 15,450 shares of the stock in a transaction on Thursday, August 7th. The stock was acquired at an average cost of $64.80 per share, for a total transaction of $1,001,160.00. Following the completion of the acquisition, the director directly owned 15,450 shares of the company's stock, valued at approximately $1,001,160. This represents a ∞ increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO J Erik Fyrwald acquired 15,300 shares of the stock in a transaction 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 completion of the acquisition, the chief executive officer directly 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 owned by company insiders.

International Flavors & Fragrances Stock Down 0.9%

Shares of NYSE:IFF opened at $59.59 on Friday. The company has a market capitalization of $15.27 billion, a price-to-earnings ratio of -38.45, a P/E/G ratio of 2.58 and a beta of 1.07. 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 moving average is $64.49 and its 200-day moving average is $71.59. International Flavors & Fragrances Inc. has a 1 year low of $59.14 and a 1 year 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 EPS for the quarter, topping 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 company's revenue for the quarter was down 4.3% on a year-over-year basis. 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 research analysts predict that International Flavors & Fragrances Inc. will post 4.32 earnings per share for the current year.

International Flavors & Fragrances Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, October 10th. Stockholders of record on Monday, September 29th were paid a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a dividend yield of 2.7%. The ex-dividend date of this dividend was Monday, September 29th. International Flavors & Fragrances's dividend payout ratio (DPR) is -103.23%.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on IFF shares. Wells Fargo & Company decreased their price objective on International Flavors & Fragrances from $90.00 to $85.00 and set an "overweight" rating for the company in a research note on Thursday, August 7th. Weiss Ratings restated a "sell (d+)" rating on shares of International Flavors & Fragrances in a report on Wednesday. Mizuho lowered their price target on International Flavors & Fragrances from $85.00 to $75.00 and set an "outperform" rating for the company in a report on Friday, October 3rd. BNP Paribas Exane lowered their price target on International Flavors & Fragrances from $96.00 to $92.00 and set an "outperform" rating for the company in a report on Thursday, September 11th. Finally, Oppenheimer downgraded International Flavors & Fragrances from an "outperform" rating to a "market perform" rating in a report on Thursday, August 7th. Thirteen research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and two have assigned a Sell rating to the company's stock. According to MarketBeat, International Flavors & Fragrances presently has an average rating of "Moderate Buy" and an average target price of $87.57.

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.

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