Wellington Management Group LLP Invests $329,000 in International Flavors & Fragrances Inc. $IFF

Wellington Management Group LLP 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 filing with the Securities and Exchange Commission (SEC). The fund purchased 4,235 shares of the specialty chemicals company's stock, valued at approximately $329,000.

A number of other institutional investors also recently added to or reduced their stakes in IFF. Horizon Investments LLC lifted its position in shares of International Flavors & Fragrances by 4.9% during the 1st quarter. Horizon Investments LLC now owns 3,671 shares of the specialty chemicals company's stock worth $285,000 after buying an additional 172 shares during the last quarter. Byrne Asset Management LLC lifted its position in shares of International Flavors & Fragrances by 3.3% during the 1st quarter. Byrne Asset Management LLC now owns 6,637 shares of the specialty chemicals company's stock worth $515,000 after buying an additional 210 shares during the last quarter. Channing Global Advisors LLC lifted its position in shares of International Flavors & Fragrances by 0.5% during the 1st quarter. Channing Global Advisors LLC now owns 46,234 shares of the specialty chemicals company's stock worth $3,588,000 after buying an additional 226 shares during the last quarter. Forum Financial Management LP lifted its position in shares of International Flavors & Fragrances by 6.3% during the 1st quarter. Forum Financial Management LP now owns 4,154 shares of the specialty chemicals company's stock worth $322,000 after buying an additional 247 shares during the last quarter. Finally, Everhart Financial Group Inc. lifted its position in shares of International Flavors & Fragrances by 9.1% during the 1st quarter. Everhart Financial Group Inc. now owns 2,986 shares of the specialty chemicals company's stock worth $232,000 after buying an additional 249 shares during the last quarter. Hedge funds and other institutional investors own 96.02% of the company's stock.

International Flavors & Fragrances Stock Performance

IFF stock traded up $0.44 on Friday, hitting $65.97. The company's stock had a trading volume of 1,872,078 shares, compared to its average volume of 2,053,432. The stock has a market cap of $16.91 billion, a price-to-earnings ratio of -42.56, a price-to-earnings-growth ratio of 2.86 and a beta of 1.07. 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 1 year low of $62.33 and a 1 year high of $106.77. The firm has a 50 day moving average of $70.72 and a two-hundred day moving average of $74.61.

International Flavors & Fragrances (NYSE:IFF - Get Free Report) last announced its quarterly earnings data on Tuesday, August 5th. The specialty chemicals company reported $1.15 EPS for the quarter, topping analysts' consensus estimates of $1.11 by $0.04. The company 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% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.16 EPS. International Flavors & Fragrances has set its FY 2025 guidance at EPS. Equities analysts predict that International Flavors & Fragrances Inc. will post 4.32 EPS for the current fiscal year.

International Flavors & Fragrances Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, October 10th. Shareholders of record on Monday, September 29th will be given a dividend of $0.40 per share. The ex-dividend date is Monday, September 29th. This represents a $1.60 dividend on an annualized basis and a yield of 2.4%. International Flavors & Fragrances's dividend payout ratio is presently -103.23%.

Insiders Place Their Bets

In other news, Director Paul J. Fribourg acquired 15,450 shares of the business's stock in a transaction on Thursday, August 7th. The stock was bought at an average price of $64.80 per share, for a total transaction of $1,001,160.00. Following the transaction, the director owned 15,450 shares in the company, valued at $1,001,160. This represents a ∞ increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CEO J Erik Fyrwald acquired 15,300 shares of the business's stock in a transaction on Thursday, August 7th. The shares were purchased at an average price of $64.95 per share, with a total value of $993,735.00. Following the transaction, the chief executive officer owned 77,370 shares in the company, valued at $5,025,181.50. The trade was a 24.65% increase in their position. The disclosure for this purchase can be found here. 0.20% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

Several analysts have recently weighed in on IFF shares. Barclays reduced their price objective on shares of International Flavors & Fragrances from $84.00 to $78.00 and set an "overweight" rating for the company in a research report on Friday, August 8th. Oppenheimer downgraded shares of International Flavors & Fragrances from an "outperform" rating to a "market perform" rating in a research report on Thursday, August 7th. UBS Group reduced their price objective on shares of International Flavors & Fragrances from $83.00 to $79.00 and set a "neutral" rating for the company in a research report on Wednesday, August 6th. Morgan Stanley reduced their price target on shares of International Flavors & Fragrances from $100.00 to $98.00 and set an "overweight" rating for the company in a research report on Tuesday, May 13th. Finally, Wells Fargo & Company reduced their price target on shares of International Flavors & Fragrances from $90.00 to $85.00 and set an "overweight" rating for the company in a research report on Thursday, August 7th. Twelve analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $92.36.

About International Flavors & Fragrances

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.