Koss Olinger Consulting LLC Has $1.71 Million Stock Holdings in International Flavors & Fragrances Inc. $IFF

Koss Olinger Consulting LLC cut its holdings in International Flavors & Fragrances Inc. (NYSE:IFF) by 2.2% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 23,203 shares of the specialty chemicals company’s stock after selling 514 shares during the quarter. Koss Olinger Consulting LLC’s holdings in International Flavors & Fragrances were worth $1,707,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. Charles Schwab Investment Management Inc. lifted its stake in International Flavors & Fragrances by 2.1% in the first quarter. Charles Schwab Investment Management Inc. now owns 1,577,723 shares of the specialty chemicals company’s stock valued at $122,447,000 after acquiring an additional 32,005 shares during the last quarter. Allspring Global Investments Holdings LLC raised its position in shares of International Flavors & Fragrances by 11.2% in the first quarter. Allspring Global Investments Holdings LLC now owns 84,265 shares of the specialty chemicals company’s stock valued at $6,525,000 after purchasing an additional 8,490 shares during the period. Dodge & Cox raised its position in shares of International Flavors & Fragrances by 7.4% in the first quarter. Dodge & Cox now owns 33,774,607 shares of the specialty chemicals company’s stock valued at $2,621,247,000 after purchasing an additional 2,336,844 shares during the period. Achmea Investment Management B.V. raised its position in shares of International Flavors & Fragrances by 126.1% in the first quarter. Achmea Investment Management B.V. now owns 29,344 shares of the specialty chemicals company’s stock valued at $2,277,000 after purchasing an additional 16,368 shares during the period. Finally, Compagnie Lombard Odier SCmA raised its position in shares of International Flavors & Fragrances by 23.0% in the second quarter. Compagnie Lombard Odier SCmA now owns 131,645 shares of the specialty chemicals company’s stock valued at $9,682,000 after purchasing an additional 24,607 shares during the period. 96.02% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

IFF has been the topic of a number of recent analyst reports. Argus dropped their price target on shares of International Flavors & Fragrances from $85.00 to $70.00 and set a “buy” rating on the stock in a research report on Tuesday, October 7th. Berenberg Bank dropped their price target on shares of International Flavors & Fragrances from $78.80 to $78.30 and set a “hold” rating on the stock in a research report on Monday, September 29th. Wolfe Research raised shares of International Flavors & Fragrances from an “underperform” rating to a “peer perform” rating in a research report on Monday, September 8th. Weiss Ratings reissued a “sell (d+)” rating on shares of International Flavors & Fragrances in a research report on Wednesday, October 8th. Finally, Wells Fargo & Company dropped their price target on shares of International Flavors & Fragrances from $90.00 to $85.00 and set an “overweight” rating on the stock in a research report on Thursday, August 7th. Thirteen analysts have rated the stock with a Buy rating, four have assigned a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat.com, International Flavors & Fragrances currently has an average rating of “Moderate Buy” and a consensus target price of $86.07.

International Flavors & Fragrances Trading Up 0.2%

Shares of IFF stock opened at $65.92 on Monday. International Flavors & Fragrances Inc. has a 1 year low of $59.14 and a 1 year high of $103.08. The firm’s fifty day simple moving average is $64.00 and its 200 day simple moving average is $70.84. The firm has a market capitalization of $16.89 billion, a P/E ratio of -42.53, a price-to-earnings-growth ratio of 2.65 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 (NYSE:IFF) last announced its earnings results on Tuesday, August 5th. The specialty chemicals company reported $1.15 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.11 by $0.04. The business had revenue of $2.76 billion for the quarter, compared to analyst estimates 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 revenue was down 4.3% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.16 earnings per share. International Flavors & Fragrances has set its FY 2025 guidance at EPS. As a group, sell-side analysts predict that International Flavors & Fragrances Inc. will post 4.32 EPS for the current year.

International Flavors & Fragrances Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, October 10th. Shareholders of record on Monday, September 29th were issued a $0.40 dividend. This represents a $1.60 annualized dividend and a yield of 2.4%. The ex-dividend date of this dividend was Monday, September 29th. International Flavors & Fragrances’s payout ratio is -103.23%.

Insider Buying and Selling at International Flavors & Fragrances

In other International Flavors & Fragrances news, Director Paul J. Fribourg purchased 15,450 shares of the stock in a transaction on Thursday, August 7th. The shares were purchased at an average price of $64.80 per share, with a total value of $1,001,160.00. Following the acquisition, the director directly owned 15,450 shares of the company’s stock, valued at $1,001,160. This represents a ∞ increase in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, CEO J Erik Fyrwald purchased 15,300 shares of the stock in a transaction 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 acquisition, the chief executive officer directly 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. Insiders own 0.17% 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.