Robeco Schweiz AG Sells 5,603 Shares of International Flavors & Fragrances Inc. $IFF

Robeco Schweiz AG lowered its stake in shares of International Flavors & Fragrances Inc. (NYSE:IFF) by 6.6% in the 2nd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 78,706 shares of the specialty chemicals company’s stock after selling 5,603 shares during the quarter. Robeco Schweiz AG’s holdings in International Flavors & Fragrances were worth $5,789,000 as of its most recent SEC filing.

Several other hedge funds have also added to or reduced their stakes in the stock. Banque Transatlantique SA bought a new position in shares of International Flavors & Fragrances during the 1st quarter valued at approximately $32,000. American National Bank & Trust lifted 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 during the last quarter. Zions Bancorporation National Association UT bought a new position in International Flavors & Fragrances during the first quarter valued at $42,000. Geneos Wealth Management Inc. increased its position 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 worth $46,000 after buying an additional 210 shares during the last quarter. Finally, Eastern Bank raised its stake in shares of 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 buying an additional 193 shares during the period. Institutional investors own 96.02% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on the company. Bank of America decreased their price objective on International Flavors & Fragrances from $84.00 to $80.00 and set a “buy” rating for the company in a report on Tuesday, October 14th. Berenberg Bank reduced their price target on International Flavors & Fragrances from $78.80 to $78.30 and set a “hold” rating for the company in a research report on Monday, September 29th. BNP Paribas decreased their price target on International Flavors & Fragrances from $92.00 to $91.00 in a research report on Monday, September 29th. UBS Group raised their price objective on shares of International Flavors & Fragrances from $66.00 to $68.00 and gave the company a “neutral” rating in a research report on Thursday, November 6th. Finally, Citigroup lowered their target price on shares of International Flavors & Fragrances from $82.00 to $75.00 and set a “buy” rating on the stock in a research note on Monday, October 6th. Twelve equities research analysts have rated the stock with a Buy rating, four have given a Hold rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat, International Flavors & Fragrances currently has a consensus rating of “Moderate Buy” and an average target price of $85.02.

International Flavors & Fragrances Price Performance

IFF stock opened at $62.79 on Tuesday. The firm has a 50 day simple moving average of $63.22 and a two-hundred day simple moving average of $70.02. The stock has a market cap of $16.08 billion, a PE ratio of -40.51, a P/E/G ratio of 2.54 and a beta of 1.04. International Flavors & Fragrances Inc. has a one year low of $59.14 and a one year high of $92.39. 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 (NYSE:IFF) last posted its quarterly earnings data on Tuesday, November 4th. The specialty chemicals company reported $1.05 earnings per share for the quarter, beating the consensus estimate of $1.02 by $0.03. International Flavors & Fragrances had a negative net margin of 3.48% and a positive return on equity of 7.95%. The firm had revenue of $2.69 billion for the quarter, compared to analysts’ expectations of $2.65 billion. During the same quarter last year, the company posted $1.04 EPS. The business’s quarterly revenue was down 7.9% on a year-over-year basis. International Flavors & Fragrances has set its FY 2025 guidance at EPS. On average, analysts predict that International Flavors & Fragrances Inc. will post 4.32 EPS for the current fiscal year.

International Flavors & Fragrances Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, January 9th. Shareholders of record on Friday, December 19th will be paid a dividend of $0.40 per share. The ex-dividend date of this dividend is Friday, December 19th. This represents a $1.60 annualized dividend and a yield of 2.5%. International Flavors & Fragrances’s payout ratio is -98.77%.

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.