Point72 Europe London LLP Acquires Shares of 129,000 International Flavors & Fragrances Inc. $IFF

Key Points

• Point72 Europe London LLP has acquired a new position in International Flavors & Fragrances Inc. with 129,000 shares valued at approximately $10 million, increasing the firm's stake to 0.05% of the company.
• CEO J Erik Fyrwald purchased 15,300 shares at $64.95 each, boosting his ownership by 24.65%, while Director Paul J. Fribourg bought 15,450 shares, indicating confidence in the company.
• International Flavors & Fragrances recently reported earnings of $1.15 per share for the quarter, slightly above analysts' estimates, but its revenue decreased by 4.3% year-over-year.

Point72 Europe London LLP bought a new position in International Flavors & Fragrances Inc. (NYSE:IFF - Free Report) in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 129,000 shares of the specialty chemicals company's stock, valued at approximately $10,012,000. Point72 Europe London LLP owned about 0.05% of International Flavors & Fragrances as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Zions Bancorporation National Association UT bought a new stake in shares of International Flavors & Fragrances in the 1st quarter worth about $42,000. Mather Group LLC. increased its position in shares of International Flavors & Fragrances by 179.9% in the 1st quarter. Mather Group LLC. now owns 655 shares of the specialty chemicals company's stock worth $51,000 after purchasing an additional 421 shares during the last quarter. Smallwood Wealth Investment Management LLC bought a new stake in shares of International Flavors & Fragrances in the 1st quarter worth about $77,000. Quarry LP grew its position in shares of International Flavors & Fragrances by 40.0% during the 1st quarter. Quarry LP now owns 1,295 shares of the specialty chemicals company's stock valued at $101,000 after buying an additional 370 shares during the last quarter. Finally, Strengthening Families & Communities LLC grew its position in shares of International Flavors & Fragrances by 43.6% during the 1st quarter. Strengthening Families & Communities LLC now owns 1,384 shares of the specialty chemicals company's stock valued at $107,000 after buying an additional 420 shares during the last quarter. Institutional investors own 96.02% of the company's stock.

International Flavors & Fragrances Stock Performance

Shares of NYSE IFF traded down $0.16 during trading hours on Thursday, hitting $65.55. 1,958,506 shares of the stock were exchanged, compared to its average volume of 1,814,375. 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 company's 50 day moving average is $71.06 and its 200 day moving average is $74.94. The firm has a market capitalization of $16.80 billion, a P/E ratio of -42.29, a P/E/G ratio of 2.92 and a beta of 1.07. International Flavors & Fragrances Inc. has a one year low of $62.33 and a one year high of $106.77.

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 earnings per share for the quarter, beating analysts' consensus estimates 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 period in the prior year, the firm earned $1.16 EPS. The business's revenue was down 4.3% on a year-over-year basis. International Flavors & Fragrances has set its FY 2025 guidance at EPS. On average, research 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 announced 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 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 -103.23%.

Wall Street Analyst Weigh In

IFF has been the subject of a number of recent research reports. Morgan Stanley lowered their price objective on shares of International Flavors & Fragrances from $100.00 to $98.00 and set an "overweight" rating for the company in a research report on Tuesday, May 13th. Barclays lowered their price objective 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. Wells Fargo & Company reduced their target price on shares of 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. UBS Group reduced 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 note on Wednesday, August 6th. Finally, Citigroup upped their price target on shares of International Flavors & Fragrances from $84.00 to $90.00 and gave the stock a "buy" rating in a research note on Thursday, May 8th. Twelve analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, International Flavors & Fragrances has an average rating of "Moderate Buy" and a consensus target price of $92.36.

Insider Transactions at International Flavors & Fragrances

In other news, Director Paul J. Fribourg bought 15,450 shares of the company's stock in a transaction that occurred on Thursday, August 7th. The stock was acquired at an average price of $64.80 per share, for a total transaction of $1,001,160.00. Following the transaction, the director directly owned 15,450 shares of the company's stock, valued at $1,001,160. This trade represents a ∞ increase in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. 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 transaction, the chief executive officer directly owned 77,370 shares in the company, valued at approximately $5,025,181.50. This represents a 24.65% increase in their position. The disclosure for this purchase can be found here. Company insiders own 0.20% of the company's stock.

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.