International Flavors & Fragrances Inc. $IFF Stake Reduced by PNC Financial Services Group Inc.

PNC Financial Services Group Inc. lessened its holdings in shares of International Flavors & Fragrances Inc. (NYSE:IFF) by 4.8% in the second quarter, according to its most recent filing with the SEC. The firm owned 36,941 shares of the specialty chemicals company’s stock after selling 1,852 shares during the quarter. PNC Financial Services Group Inc.’s holdings in International Flavors & Fragrances were worth $2,717,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently modified their holdings of IFF. Banque Transatlantique SA purchased a new stake in International Flavors & Fragrances during the first quarter valued at about $32,000. American National Bank & Trust lifted its stake in International Flavors & Fragrances by 11,975.0% in the 2nd quarter. American National Bank & Trust now owns 483 shares of the specialty chemicals company’s stock worth $36,000 after acquiring an additional 479 shares in the last quarter. Zions Bancorporation National Association UT purchased a new position in International Flavors & Fragrances during the 1st quarter valued at about $42,000. Geneos Wealth Management Inc. increased its holdings in shares of International Flavors & Fragrances by 55.7% in the 1st quarter. Geneos Wealth Management Inc. now owns 587 shares of the specialty chemicals company’s stock valued at $46,000 after purchasing an additional 210 shares during the period. Finally, Eastern Bank boosted its holdings in shares of International Flavors & Fragrances by 43.9% during the second quarter. Eastern Bank now owns 633 shares of the specialty chemicals company’s stock worth $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

NYSE IFF opened at $66.02 on Wednesday. International Flavors & Fragrances Inc. has a 1 year low of $59.14 and a 1 year high of $91.65. The company has a fifty day simple moving average of $63.22 and a 200 day simple moving average of $69.52. The company has a current ratio of 1.86, a quick ratio of 1.12 and a debt-to-equity ratio of 0.39. The company has a market cap of $16.91 billion, a P/E ratio of -42.59, a P/E/G ratio of 2.54 and a beta of 1.04.

International Flavors & Fragrances (NYSE:IFF) last issued its quarterly earnings results on Tuesday, November 4th. The specialty chemicals company reported $1.05 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.02 by $0.03. International Flavors & Fragrances had a positive return on equity of 7.95% and a negative net margin of 3.48%.The company had revenue of $2.69 billion for the quarter, compared to the consensus estimate of $2.65 billion. During the same period last year, the business posted $1.04 earnings per share. The firm’s revenue was down 7.9% compared to the same quarter last year. International Flavors & Fragrances has set its FY 2025 guidance at EPS. On average, sell-side analysts predict that International Flavors & Fragrances Inc. will post 4.32 EPS for the current year.

International Flavors & Fragrances Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, January 9th. Investors of record on Friday, December 19th will be given a dividend of $0.40 per share. The ex-dividend date of this dividend is Friday, December 19th. This represents a $1.60 dividend on an annualized basis and a yield of 2.4%. International Flavors & Fragrances’s dividend payout ratio (DPR) is -98.77%.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on IFF shares. Barclays lifted their target price on shares of International Flavors & Fragrances from $72.00 to $75.00 and gave the company an “overweight” rating in a research note on Friday, November 7th. Wells Fargo & Company cut their price target on International Flavors & Fragrances from $90.00 to $85.00 and set an “overweight” rating for the company in a research note on Thursday, August 7th. Berenberg Bank cut their price objective 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. Mizuho reduced their target price on shares of International Flavors & Fragrances from $85.00 to $75.00 and set an “outperform” rating for the company in a research note on Friday, October 3rd. Finally, Oppenheimer lowered shares of International Flavors & Fragrances from an “outperform” rating to a “market perform” rating in a research note on Thursday, August 7th. Twelve analysts have rated the stock with a Buy rating, four have issued a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $85.02.

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.