Sprott Inc. Makes New Investment in International Flavors & Fragrances Inc. $IFF

Key Points

• Sprott Inc. has acquired a new stake in International Flavors & Fragrances Inc., purchasing 4,266 shares valued at approximately $331,000 during the first quarter.
• In related trading activity, both CEO J Erik Fyrwald and Director Paul J. Fribourg increased their holdings in the company significantly, indicating insider confidence in the firm's potential.
• Wall Street analysts have varying outlooks on the stock, with target prices ranging from $79 to $105, reflecting a consensus rating of "Moderate Buy".

Sprott Inc. purchased a new position in International Flavors & Fragrances Inc. (NYSE:IFF - Free Report) in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 4,266 shares of the specialty chemicals company's stock, valued at approximately $331,000.

A number of other hedge funds and other institutional investors have also made changes to their positions in the stock. Norinchukin Bank The increased its stake in shares of International Flavors & Fragrances by 18.1% in the first quarter. Norinchukin Bank The now owns 16,024 shares of the specialty chemicals company's stock worth $1,244,000 after buying an additional 2,453 shares during the last quarter. GM Advisory Group LLC increased its stake in International Flavors & Fragrances by 2.6% during the first quarter. GM Advisory Group LLC now owns 7,952 shares of the specialty chemicals company's stock valued at $617,000 after purchasing an additional 202 shares during the last quarter. Banco Bilbao Vizcaya Argentaria S.A. increased its stake in International Flavors & Fragrances by 3.4% during the first quarter. Banco Bilbao Vizcaya Argentaria S.A. now owns 47,338 shares of the specialty chemicals company's stock valued at $3,674,000 after purchasing an additional 1,562 shares during the last quarter. Colonial Trust Advisors increased its stake in International Flavors & Fragrances by 7.2% during the first quarter. Colonial Trust Advisors now owns 28,484 shares of the specialty chemicals company's stock valued at $2,211,000 after purchasing an additional 1,911 shares during the last quarter. Finally, Wellington Management Group LLP bought a new stake in International Flavors & Fragrances during the first quarter valued at $329,000. Institutional investors own 96.02% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on the stock. Tigress Financial reissued a "buy" rating and set a $105.00 price target on shares of International Flavors & Fragrances in a report on Tuesday. Wells Fargo & Company reduced their price objective on shares of International Flavors & Fragrances from $90.00 to $85.00 and set an "overweight" rating for the company in a report on Thursday, August 7th. UBS Group dropped their price target on shares of 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. Citigroup boosted 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 report on Thursday, May 8th. Finally, Oppenheimer cut shares of International Flavors & Fragrances from an "outperform" rating to a "market perform" rating in a research report on Thursday, August 7th. Twelve investment analysts have rated the stock with a Buy rating, two have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of $92.36.

International Flavors & Fragrances Stock Down 0.3%

Shares of IFF traded down $0.18 during trading hours on Thursday, reaching $66.60. The company's stock had a trading volume of 420,367 shares, compared to its average volume of 1,805,936. The firm has a market cap of $17.07 billion, a price-to-earnings ratio of -42.96, a P/E/G ratio of 2.89 and a beta of 1.04. International Flavors & Fragrances Inc. has a 1-year low of $62.33 and a 1-year high of $106.77. The company has a quick ratio of 1.12, a current ratio of 1.86 and a debt-to-equity ratio of 0.39. The company has a 50 day moving average of $71.81 and a two-hundred day moving average of $75.57.

International Flavors & Fragrances (NYSE:IFF - Get Free Report) last issued its 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. The company had revenue of $2.76 billion for the quarter, compared to the consensus estimate 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 firm's quarterly revenue was down 4.3% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.16 EPS. International Flavors & Fragrances has set its FY 2025 guidance at EPS. As a group, research analysts predict that International Flavors & Fragrances Inc. will post 4.32 EPS for the current fiscal year.

International Flavors & Fragrances Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, October 10th. Stockholders of record on Monday, September 29th will be issued a $0.40 dividend. 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 is currently -103.23%.

Insider Activity at International Flavors & Fragrances

In other news, CEO J Erik Fyrwald purchased 15,300 shares of the stock in a transaction that occurred on Thursday, August 7th. The stock was acquired at an average price of $64.95 per share, with a total value of $993,735.00. Following the purchase, the chief executive officer owned 77,370 shares in the company, valued at $5,025,181.50. This represents a 24.65% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Paul J. Fribourg purchased 15,450 shares of the stock in a transaction that occurred on Thursday, August 7th. The stock was purchased at an average cost of $64.80 per share, with a total value of $1,001,160.00. Following the purchase, the director owned 15,450 shares in the company, valued at $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 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.