Resona Asset Management Co. Ltd. Purchases 5,962 Shares of International Flavors & Fragrances Inc. $IFF

Resona Asset Management Co. Ltd. boosted its position in shares of International Flavors & Fragrances Inc. (NYSE:IFF) by 7.4% in the 2nd quarter, HoldingsChannel.com reports. The firm owned 87,001 shares of the specialty chemicals company’s stock after buying an additional 5,962 shares during the quarter. Resona Asset Management Co. Ltd.’s holdings in International Flavors & Fragrances were worth $6,410,000 at the end of the most recent quarter.

Other hedge funds also recently modified their holdings of the company. Banque Transatlantique SA bought a new stake in shares of International Flavors & Fragrances during the first quarter worth approximately $32,000. American National Bank & Trust boosted 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 acquiring an additional 479 shares during the last quarter. Zions Bancorporation National Association UT acquired a new stake in International Flavors & Fragrances during the 1st quarter worth $42,000. Geneos Wealth Management Inc. raised its position in shares of International Flavors & Fragrances by 55.7% during the 1st quarter. Geneos Wealth Management Inc. now owns 587 shares of the specialty chemicals company’s stock valued at $46,000 after acquiring an additional 210 shares during the last quarter. Finally, Eastern Bank lifted its stake in shares of International Flavors & Fragrances by 43.9% in the 2nd quarter. Eastern Bank now owns 633 shares of the specialty chemicals company’s stock valued at $47,000 after purchasing an additional 193 shares during the period. Institutional investors own 96.02% of the company’s stock.

International Flavors & Fragrances Price Performance

Shares of IFF opened at $61.87 on Monday. The company has a quick ratio of 1.12, a current ratio of 1.86 and a debt-to-equity ratio of 0.39. International Flavors & Fragrances Inc. has a twelve month low of $59.14 and a twelve month high of $93.08. The stock has a market capitalization of $15.85 billion, a P/E ratio of -39.92, a P/E/G ratio of 2.54 and a beta of 1.04. The company has a 50 day moving average of $63.31 and a 200-day moving average of $70.12.

International Flavors & Fragrances (NYSE:IFF) last announced its quarterly earnings data on Tuesday, November 4th. The specialty chemicals company reported $1.05 EPS for the quarter, topping analysts’ consensus estimates of $1.02 by $0.03. The business had revenue of $2.69 billion for the quarter, compared to analyst estimates of $2.65 billion. International Flavors & Fragrances had a negative net margin of 3.48% and a positive return on equity of 7.95%. The firm’s revenue for the quarter was down 7.9% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.04 earnings per share. International Flavors & Fragrances has set its FY 2025 guidance at EPS. As a group, equities research analysts forecast that International Flavors & Fragrances Inc. will post 4.32 EPS for the current fiscal year.

International Flavors & Fragrances Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, January 9th. Stockholders of record on Friday, December 19th will be issued a $0.40 dividend. The ex-dividend date is Friday, December 19th. This represents a $1.60 annualized dividend and a dividend yield of 2.6%. International Flavors & Fragrances’s dividend payout ratio (DPR) is presently -98.77%.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on IFF. UBS Group upped their price objective on International Flavors & Fragrances from $66.00 to $68.00 and gave the company a “neutral” rating in a report on Thursday. Bank of America cut their price target on shares of International Flavors & Fragrances from $84.00 to $80.00 and set a “buy” rating on the stock in a research report on Tuesday, October 14th. Tigress Financial reaffirmed a “buy” rating and issued a $105.00 target price on shares of International Flavors & Fragrances in a research note on Tuesday, August 26th. Wolfe Research upgraded shares of International Flavors & Fragrances from an “underperform” rating to a “peer perform” rating in a report on Monday, September 8th. Finally, Weiss Ratings reissued a “sell (d)” rating on shares of International Flavors & Fragrances in a report on Friday, October 31st. Twelve equities research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $85.02.

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.