Robeco Institutional Asset Management B.V. Decreases Position in International Flavors & Fragrances Inc. $IFF

Key Points

• Robeco Institutional Asset Management B.V. decreased its position in International Flavors & Fragrances Inc. by 59.5%, owning 260,280 shares worth approximately $19.14 million after selling 381,898 shares in the second quarter.
• The CEO, J Erik Fyrwald, purchased 15,300 shares of the company at $64.95 each, increasing his ownership by 24.65% to a total value of around $5.03 million.
• International Flavors & Fragrances recently announced a quarterly dividend of $0.40 per share, representing an annualized yield of 2.6%, with the ex-dividend date set for September 29th.

Robeco Institutional Asset Management B.V. reduced its position in shares of International Flavors & Fragrances Inc. (NYSE:IFF - Free Report) by 59.5% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 260,280 shares of the specialty chemicals company's stock after selling 381,898 shares during the period. Robeco Institutional Asset Management B.V. owned 0.10% of International Flavors & Fragrances worth $19,144,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in IFF. NBC Securities Inc. raised its stake in International Flavors & Fragrances by 226,400.0% in the 1st quarter. NBC Securities Inc. now owns 2,265 shares of the specialty chemicals company's stock valued at $175,000 after purchasing an additional 2,264 shares during the last quarter. Park Avenue Securities LLC grew its holdings in shares of International Flavors & Fragrances by 25.7% during the first quarter. Park Avenue Securities LLC now owns 6,433 shares of the specialty chemicals company's stock worth $499,000 after buying an additional 1,315 shares in the last quarter. Farther Finance Advisors LLC raised its position in shares of International Flavors & Fragrances by 48.5% in the first quarter. Farther Finance Advisors LLC now owns 1,534 shares of the specialty chemicals company's stock valued at $119,000 after buying an additional 501 shares during the last quarter. Olstein Capital Management L.P. lifted its stake in shares of International Flavors & Fragrances by 1.0% in the first quarter. Olstein Capital Management L.P. now owns 105,000 shares of the specialty chemicals company's stock worth $8,149,000 after buying an additional 1,000 shares in the last quarter. Finally, SG Americas Securities LLC grew its stake in International Flavors & Fragrances by 77.3% during the 1st quarter. SG Americas Securities LLC now owns 17,297 shares of the specialty chemicals company's stock valued at $1,342,000 after acquiring an additional 7,540 shares in the last quarter. Hedge funds and other institutional investors own 96.02% of the company's stock.

Insider Activity

In other International Flavors & Fragrances news, CEO J Erik Fyrwald purchased 15,300 shares of the business's stock in a transaction on Thursday, August 7th. The shares were bought at an average cost of $64.95 per share, for a total transaction of $993,735.00. Following the completion of the purchase, the chief executive officer directly owned 77,370 shares of the company's stock, valued at approximately $5,025,181.50. This trade represents a 24.65% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Paul J. Fribourg purchased 15,450 shares of International Flavors & Fragrances stock in a transaction dated Thursday, August 7th. The shares were acquired at an average cost 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 approximately $1,001,160. This represents a ∞ increase in their position. The disclosure for this purchase can be found here. Insiders own 0.20% of the company's stock.

International Flavors & Fragrances Stock Performance

Shares of IFF stock opened at $62.15 on Friday. The company has a debt-to-equity ratio of 0.39, a quick ratio of 1.12 and a current ratio of 1.86. The firm has a market cap of $15.93 billion, a P/E ratio of -40.10, a P/E/G ratio of 2.70 and a beta of 1.07. The firm's 50 day moving average price is $65.66 and its 200-day moving average price is $72.18. International Flavors & Fragrances Inc. has a one year low of $59.89 and a one year high of $106.77.

International Flavors & Fragrances (NYSE:IFF - Get Free Report) last posted its earnings results on Tuesday, August 5th. The specialty chemicals company reported $1.15 earnings per share for the quarter, beating 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 last year, the firm earned $1.16 EPS. The firm'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. As a group, equities research analysts predict that International Flavors & Fragrances Inc. will post 4.32 EPS for the current year.

International Flavors & Fragrances Announces Dividend

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 issued a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a yield of 2.6%. The ex-dividend date is Monday, September 29th. International Flavors & Fragrances's dividend payout ratio (DPR) is -103.23%.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on IFF. Weiss Ratings reissued a "sell (d+)" rating on shares of International Flavors & Fragrances in a research note on Saturday, September 27th. Barclays lowered their price objective on International Flavors & Fragrances from $84.00 to $78.00 and set an "overweight" rating on the stock in a research note on Friday, August 8th. Tigress Financial reaffirmed a "buy" rating and issued a $105.00 target price on shares of International Flavors & Fragrances in a research note on Tuesday, August 26th. Mizuho lowered their price target on shares of International Flavors & Fragrances from $85.00 to $75.00 and set an "outperform" rating on the stock in a research report on Friday. Finally, Berenberg Bank cut their price objective on shares of International Flavors & Fragrances from $78.80 to $78.30 and set a "hold" rating for the company in a research report on Monday, September 29th. Thirteen equities research analysts have rated the stock with a Buy rating, four have given a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat, International Flavors & Fragrances presently has a consensus rating of "Moderate Buy" and a consensus target price of $90.25.

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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