Vanguard Personalized Indexing Management LLC Purchases 5,368 Shares of International Flavors & Fragrances Inc. $IFF

Key Points

• Vanguard Personalized Indexing Management LLC increased its stake in International Flavors & Fragrances by 33.6%, now holding a total of 21,321 shares worth approximately $1.57 million.
• Analysts have varied views on the stock, with targets ranging from $85.00 to $105.00, and an average consensus targeting a price of $86.07.
• International Flavors & Fragrances recently declared a quarterly dividend of $0.40 and reported a negative net margin of 3.48% for the last quarter.

Vanguard Personalized Indexing Management LLC increased its position in shares of International Flavors & Fragrances Inc. (NYSE:IFF - Free Report) by 33.6% in the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 21,321 shares of the specialty chemicals company's stock after buying an additional 5,368 shares during the quarter. Vanguard Personalized Indexing Management LLC's holdings in International Flavors & Fragrances were worth $1,568,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. Banque Transatlantique SA bought a new position in shares of International Flavors & Fragrances during the first quarter worth about $32,000. American National Bank & Trust grew its stake in International Flavors & Fragrances by 11,975.0% in the second quarter. American National Bank & Trust now owns 483 shares of the specialty chemicals company's stock valued at $36,000 after purchasing an additional 479 shares in the last quarter. Zions Bancorporation National Association UT bought a new position in International Flavors & Fragrances in the first quarter valued at approximately $42,000. Geneos Wealth Management Inc. grew its stake in International Flavors & Fragrances by 55.7% in the first quarter. Geneos Wealth Management Inc. now owns 587 shares of the specialty chemicals company's stock valued at $46,000 after purchasing an additional 210 shares in the last quarter. Finally, Eastern Bank grew its stake in International Flavors & Fragrances by 43.9% in the second quarter. Eastern Bank now owns 633 shares of the specialty chemicals company's stock valued at $47,000 after purchasing an additional 193 shares in the last quarter. 96.02% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

IFF has been the subject of a number of analyst reports. BNP Paribas Exane decreased their price target on International Flavors & Fragrances from $96.00 to $92.00 and set an "outperform" rating for the company in a research note on Thursday, September 11th. Tigress Financial restated a "buy" rating and issued a $105.00 price target on shares of International Flavors & Fragrances in a research note on Tuesday, August 26th. BNP Paribas decreased their price target on International Flavors & Fragrances from $92.00 to $91.00 in a research note on Monday, September 29th. Weiss Ratings restated a "sell (d+)" rating on shares of International Flavors & Fragrances in a research note on Wednesday, October 8th. Finally, Wells Fargo & Company reduced their target price on 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. Thirteen research analysts have rated the stock with a Buy rating, four have issued a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat.com, International Flavors & Fragrances has an average rating of "Moderate Buy" and a consensus price target of $86.07.

International Flavors & Fragrances Stock Performance

Shares of NYSE IFF opened at $63.84 on Friday. The company has a current ratio of 1.86, a quick ratio of 1.12 and a debt-to-equity ratio of 0.39. International Flavors & Fragrances Inc. has a 12 month low of $59.14 and a 12 month high of $105.03. The stock has a 50 day moving average of $64.00 and a 200-day moving average of $71.09. The company has a market capitalization of $16.36 billion, a P/E ratio of -41.19, a P/E/G ratio of 2.52 and a beta of 1.07.

International Flavors & Fragrances (NYSE:IFF - Get Free Report) last released its quarterly earnings results on Tuesday, August 5th. The specialty chemicals company reported $1.15 earnings per share (EPS) for the quarter, beating 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 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 period in the previous year, the company posted $1.16 EPS. 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 Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, October 10th. Investors of record on Monday, September 29th were paid a $0.40 dividend. The ex-dividend date was Monday, September 29th. This represents a $1.60 annualized dividend and a yield of 2.5%. International Flavors & Fragrances's payout ratio is -103.23%.

Insider Buying and Selling at International Flavors & Fragrances

In other news, CEO J Erik Fyrwald purchased 15,300 shares of International Flavors & Fragrances stock in a transaction that occurred on Thursday, August 7th. The stock was acquired at an average cost of $64.95 per share, for a total transaction of $993,735.00. Following the purchase, the chief executive officer directly owned 77,370 shares of the company's stock, valued at $5,025,181.50. This trade represents a 24.65% increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Paul J. Fribourg purchased 15,450 shares of International Flavors & Fragrances stock in a transaction that occurred on Thursday, August 7th. The stock was purchased at an average price of $64.80 per share, with a total value of $1,001,160.00. Following the completion of the purchase, the director directly owned 15,450 shares in the company, valued at $1,001,160. This trade represents a ∞ increase in their ownership of the stock. The disclosure for this purchase can be found here. 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.

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