DekaBank Deutsche Girozentrale Raises Stock Holdings in International Flavors & Fragrances Inc. $IFF

DekaBank Deutsche Girozentrale lifted its holdings in shares of International Flavors & Fragrances Inc. (NYSE:IFF) by 1.2% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 63,744 shares of the specialty chemicals company’s stock after purchasing an additional 740 shares during the quarter. DekaBank Deutsche Girozentrale’s holdings in International Flavors & Fragrances were worth $4,747,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently modified their holdings of the business. Blue Trust Inc. grew its holdings in shares of International Flavors & Fragrances by 7.6% during the second quarter. Blue Trust Inc. now owns 2,184 shares of the specialty chemicals company’s stock worth $161,000 after purchasing an additional 155 shares in the last quarter. Horizon Investments LLC lifted its position in International Flavors & Fragrances by 4.9% in 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. UMB Bank n.a. lifted its position in International Flavors & Fragrances by 17.3% in the 2nd quarter. UMB Bank n.a. now owns 1,290 shares of the specialty chemicals company’s stock worth $95,000 after buying an additional 190 shares during the last quarter. Eastern Bank lifted its position in International Flavors & Fragrances by 43.9% in the 2nd quarter. Eastern Bank now owns 633 shares of the specialty chemicals company’s stock worth $47,000 after buying an additional 193 shares during the last quarter. Finally, GM Advisory Group LLC lifted its position in International Flavors & Fragrances by 2.6% in the 1st quarter. GM Advisory Group LLC now owns 7,952 shares of the specialty chemicals company’s stock worth $617,000 after buying an additional 202 shares during the last quarter. Hedge funds and other institutional investors own 96.02% of the company’s stock.

Insider Transactions at International Flavors & Fragrances

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

International Flavors & Fragrances Trading Up 0.2%

Shares of NYSE:IFF opened at $65.92 on Friday. The company has a market cap of $16.89 billion, a P/E ratio of -42.53, a PEG ratio of 2.64 and a beta of 1.07. The company has a debt-to-equity ratio of 0.39, a current ratio of 1.86 and a quick ratio of 1.12. International Flavors & Fragrances Inc. has a 1 year low of $59.14 and a 1 year high of $103.08. The stock’s fifty day moving average price is $64.00 and its 200-day moving average price is $70.82.

International Flavors & Fragrances (NYSE:IFF) last announced its quarterly earnings results on Tuesday, August 5th. The specialty chemicals company reported $1.15 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.11 by $0.04. The firm 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 company’s quarterly revenue was down 4.3% on a year-over-year basis. During the same period in the prior year, the company posted $1.16 earnings per share. International Flavors & Fragrances has set its FY 2025 guidance at EPS. Sell-side analysts expect that International Flavors & Fragrances Inc. will post 4.32 earnings per share for the current year.

International Flavors & Fragrances Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, October 10th. Shareholders of record on Monday, September 29th were issued a $0.40 dividend. The ex-dividend date of this dividend was 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 currently -103.23%.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on IFF shares. Bank of America decreased their price target on International Flavors & Fragrances from $84.00 to $80.00 and set a “buy” rating on the stock in a research note on Tuesday, October 14th. UBS Group reduced their target price on International Flavors & Fragrances from $71.00 to $66.00 and set a “neutral” rating on the stock in a research note on Monday, October 6th. Wells Fargo & Company reduced their price target on International Flavors & Fragrances from $90.00 to $85.00 and set an “overweight” rating on the stock in a research note on Thursday, August 7th. Weiss Ratings reissued a “sell (d+)” rating on shares of International Flavors & Fragrances in a report on Wednesday, October 8th. Finally, BNP Paribas Exane dropped their target price on International Flavors & Fragrances from $96.00 to $92.00 and set an “outperform” rating on the stock in a report on Thursday, September 11th. Thirteen equities 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 company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $86.07.

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.