Quintet Private Bank Europe S.A. Sells 13,662 Shares of International Flavors & Fragrances Inc. $IFF

Key Points

• Quintet Private Bank Europe S.A. significantly reduced its stake in International Flavors & Fragrances (IFF) by 90.1%, selling 13,662 shares and leaving it with only 1,496 shares valued at approximately $110,000.
• International Flavors & Fragrances recently declared a quarterly dividend of $0.40 per share, representing an annualized dividend of $1.60 with a yield of 2.4%, despite a negative payout ratio of -103.23%.
• The company's stock has a market capitalization of $16.83 billion and it recently reported a quarterly earnings of $1.15 EPS, exceeding analysts' expectations.

Quintet Private Bank Europe S.A. decreased its holdings in shares of International Flavors & Fragrances Inc. (NYSE:IFF - Free Report) by 90.1% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The firm owned 1,496 shares of the specialty chemicals company's stock after selling 13,662 shares during the period. Quintet Private Bank Europe S.A.'s holdings in International Flavors & Fragrances were worth $110,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in IFF. Focus Partners Wealth bought a new stake in International Flavors & Fragrances during the fourth quarter valued at $521,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in International Flavors & Fragrances by 2.8% during the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 24,980 shares of the specialty chemicals company's stock valued at $2,112,000 after buying an additional 669 shares during the period. OMERS ADMINISTRATION Corp raised its position in International Flavors & Fragrances by 20.2% during the fourth quarter. OMERS ADMINISTRATION Corp now owns 10,691 shares of the specialty chemicals company's stock valued at $904,000 after purchasing an additional 1,799 shares in the last quarter. Nomura Holdings Inc. purchased a new stake in International Flavors & Fragrances during the fourth quarter valued at about $713,000. Finally, Nissay Asset Management Corp Japan ADV raised its position in International Flavors & Fragrances by 1.1% during the fourth quarter. Nissay Asset Management Corp Japan ADV now owns 30,981 shares of the specialty chemicals company's stock valued at $2,621,000 after purchasing an additional 326 shares in the last quarter. Institutional investors own 96.02% of the company's stock.

International Flavors & Fragrances Trading Up 0.4%

NYSE:IFF traded up $0.24 during mid-day trading on Friday, reaching $63.99. 1,198,944 shares of the company's stock traded hands, compared to its average volume of 1,830,288. International Flavors & Fragrances Inc. has a 12-month low of $62.33 and a 12-month high of $106.77. The firm has a market capitalization of $16.40 billion, a price-to-earnings ratio of -41.29, a PEG ratio of 2.74 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 company has a 50 day moving average price of $68.75 and a 200-day moving average price of $73.68.

International Flavors & Fragrances (NYSE:IFF - Get Free Report) last announced its quarterly earnings results on Tuesday, August 5th. The specialty chemicals company reported $1.15 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.11 by $0.04. International Flavors & Fragrances had a positive return on equity of 7.95% and a negative net margin of 3.48%.The company had revenue of $2.76 billion for the quarter, compared to the consensus estimate of $2.69 billion. During the same quarter in the previous year, the business earned $1.16 EPS. International Flavors & Fragrances's revenue was down 4.3% compared to the same quarter last year. International Flavors & Fragrances has set its FY 2025 guidance at EPS. On average, sell-side 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. Investors of record on Monday, September 29th will be issued a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a yield of 2.5%. The ex-dividend date is Monday, September 29th. International Flavors & Fragrances's payout ratio is currently -103.23%.

Wall Street Analyst Weigh In

IFF has been the topic of a number of research reports. Tigress Financial restated a "buy" rating and set a $105.00 price target on shares of International Flavors & Fragrances in a research report on Tuesday, August 26th. BNP Paribas Exane lowered their price target on International Flavors & Fragrances from $96.00 to $92.00 and set an "outperform" rating on the stock in a research report on Thursday, September 11th. UBS Group lowered their price target on International Flavors & Fragrances from $83.00 to $79.00 and set a "neutral" rating on the stock in a research report on Wednesday, August 6th. Barclays lowered their price target on International Flavors & Fragrances from $84.00 to $78.00 and set an "overweight" rating on the stock in a research report on Friday, August 8th. Finally, Wells Fargo & Company decreased their price objective 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. Thirteen analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of $92.33.

Insider Transactions at International Flavors & Fragrances

In other International Flavors & Fragrances news, Director Paul J. Fribourg purchased 15,450 shares of International Flavors & Fragrances stock in a transaction that occurred on Thursday, August 7th. The shares were bought at an average price of $64.80 per share, for a total transaction of $1,001,160.00. Following the acquisition, the director directly owned 15,450 shares in the company, valued at approximately $1,001,160. This trade represents a ∞ increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CEO J Erik Fyrwald purchased 15,300 shares of International Flavors & Fragrances stock in a transaction that occurred on Thursday, August 7th. The shares were acquired at an average price of $64.95 per share, for a total transaction of $993,735.00. Following 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 disclosure for this purchase can be found here. 0.20% of the stock is owned by insiders.

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.