Vanguard Group Inc. Has $2.36 Billion Holdings in International Flavors & Fragrances Inc. (NYSE:IFF)

Key Points

• Vanguard Group Inc. increased its stake in International Flavors & Fragrances Inc. by 0.6%, now owning approximately 30.39 million shares, valued at $2.36 billion as of its recent SEC filing.
• International Flavors & Fragrances reported earnings of $1.15 per share, exceeding estimates, but experienced a 4.3% decline in quarterly revenue compared to the previous year.
• The company declared a quarterly dividend of $0.40 per share, with a yield of 2.5%, despite a dividend payout ratio of -103.23%.

Vanguard Group Inc. increased its position in shares of International Flavors & Fragrances Inc. (NYSE:IFF - Free Report) by 0.6% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 30,390,040 shares of the specialty chemicals company's stock after acquiring an additional 171,281 shares during the quarter. Vanguard Group Inc. owned 11.88% of International Flavors & Fragrances worth $2,358,571,000 as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. Mather Group LLC. increased its stake in International Flavors & Fragrances by 179.9% in the 1st quarter. Mather Group LLC. now owns 655 shares of the specialty chemicals company's stock valued at $51,000 after buying an additional 421 shares during the period. Smallwood Wealth Investment Management LLC acquired a new position in International Flavors & Fragrances in the 1st quarter valued at approximately $77,000. Quarry LP acquired a new position in International Flavors & Fragrances in the 4th quarter valued at approximately $78,000. Farther Finance Advisors LLC increased its stake in International Flavors & Fragrances by 48.5% in the 1st 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 period. Finally, CX Institutional acquired a new position in International Flavors & Fragrances in the 1st quarter valued at approximately $138,000. Institutional investors and hedge funds own 96.02% of the company's stock.

International Flavors & Fragrances Price Performance

NYSE IFF opened at $63.60 on Friday. The company has a current ratio of 1.86, a quick ratio of 1.39 and a debt-to-equity ratio of 0.39. The company has a fifty day simple moving average of $74.65 and a 200 day simple moving average of $77.39. The company has a market cap of $16.30 billion, a P/E ratio of -41.03, a P/E/G ratio of 2.84 and a beta of 1.04. International Flavors & Fragrances Inc. has a 1 year low of $63.50 and a 1 year high of $106.77.

International Flavors & Fragrances (NYSE:IFF - Get Free Report) last posted its quarterly earnings data on Tuesday, August 5th. The specialty chemicals company reported $1.15 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.11 by $0.04. The business had revenue of $2.76 billion during the quarter, compared to the consensus estimate of $2.69 billion. International Flavors & Fragrances had a negative net margin of 3.48% and a positive return on equity of 7.95%. International Flavors & Fragrances's quarterly revenue was down 4.3% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.16 EPS. On average, sell-side analysts predict that International Flavors & Fragrances Inc. will post 4.32 EPS for the current year.

International Flavors & Fragrances Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, October 10th. Shareholders of record on Monday, September 29th will be issued a $0.40 dividend. The ex-dividend date of this dividend is Monday, September 29th. This represents a $1.60 dividend on an annualized basis and a yield of 2.5%. International Flavors & Fragrances's dividend payout ratio is -103.23%.

Insider Transactions at International Flavors & Fragrances

In related news, Director Hernandez Margarita Palau purchased 850 shares of International Flavors & Fragrances stock in a transaction on Monday, May 19th. The stock was purchased at an average cost of $77.42 per share, with a total value of $65,807.00. Following the acquisition, the director directly owned 2,393 shares in the company, valued at approximately $185,266.06. This trade represents a 55.09% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is accessible through this link. Also, CEO J Erik Fyrwald purchased 15,300 shares of International Flavors & Fragrances stock in a transaction on Thursday, August 7th. The stock was bought at an average cost of $64.95 per share, with a total value of $993,735.00. Following the completion of the acquisition, the chief executive officer owned 77,370 shares in the company, valued at approximately $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. Over the last quarter, insiders purchased 52,100 shares of company stock worth $3,631,607. 0.20% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on IFF shares. Wells Fargo & Company dropped their price objective on shares of International Flavors & Fragrances from $90.00 to $85.00 and set an "overweight" rating on the stock in a research note on Thursday. Citigroup upped their price objective on shares of International Flavors & Fragrances from $84.00 to $90.00 and gave the company a "buy" rating in a research note on Thursday, May 8th. Barclays dropped their price objective on shares of International Flavors & Fragrances from $84.00 to $78.00 and set an "overweight" rating on the stock in a research note on Friday. Robert W. Baird decreased their target price on shares of International Flavors & Fragrances from $110.00 to $100.00 and set an "outperform" rating for the company in a research report on Thursday, May 8th. Finally, Tigress Financial assumed coverage on shares of International Flavors & Fragrances in a research report on Wednesday, June 4th. They issued a "buy" rating and a $105.00 target price for the company. One research analyst has rated the stock with a sell rating, two have issued a hold rating and twelve have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of $92.36.

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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