Dynamic Technology Lab Private Ltd Raises Stock Holdings in International Flavors & Fragrances Inc. $IFF

Dynamic Technology Lab Private Ltd lifted its holdings in International Flavors & Fragrances Inc. (NYSE:IFF) by 110.3% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 24,209 shares of the specialty chemicals company’s stock after buying an additional 12,697 shares during the period. Dynamic Technology Lab Private Ltd’s holdings in International Flavors & Fragrances were worth $1,781,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in IFF. Banque Transatlantique SA bought a new stake in International Flavors & Fragrances during the first quarter worth approximately $32,000. American National Bank & Trust raised its holdings in International Flavors & Fragrances by 11,975.0% during the 2nd quarter. American National Bank & Trust now owns 483 shares of the specialty chemicals company’s stock valued at $36,000 after buying an additional 479 shares during the period. Zions Bancorporation National Association UT bought a new stake in International Flavors & Fragrances in the first quarter worth $42,000. Geneos Wealth Management Inc. boosted its stake in International Flavors & Fragrances by 55.7% during 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 period. Finally, Eastern Bank increased its position in International Flavors & Fragrances by 43.9% during the second quarter. Eastern Bank now owns 633 shares of the specialty chemicals company’s stock valued at $47,000 after acquiring an additional 193 shares during the last quarter. Institutional investors own 96.02% of the company’s stock.

International Flavors & Fragrances Trading Down 1.1%

International Flavors & Fragrances stock opened at $65.26 on Thursday. The company has a debt-to-equity ratio of 0.39, a quick ratio of 1.12 and a current ratio of 1.86. The stock has a market cap of $16.71 billion, a PE ratio of -42.11, a price-to-earnings-growth ratio of 2.54 and a beta of 1.04. The stock has a 50-day moving average of $63.24 and a two-hundred day moving average of $69.49. International Flavors & Fragrances Inc. has a one year low of $59.14 and a one year high of $91.65.

International Flavors & Fragrances (NYSE:IFF) last released its 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 firm had revenue of $2.69 billion for the quarter, compared to the consensus estimate of $2.65 billion. During the same period in the prior year, the firm earned $1.04 EPS. The firm’s revenue was down 7.9% on a year-over-year basis. International Flavors & Fragrances has set its FY 2025 guidance at EPS. On average, research analysts anticipate that International Flavors & Fragrances Inc. will post 4.32 EPS for the current fiscal year.

International Flavors & Fragrances Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, January 9th. Stockholders 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 dividend on an annualized basis and a dividend yield of 2.5%. International Flavors & Fragrances’s dividend payout ratio (DPR) is presently -98.77%.

Analyst Ratings Changes

IFF has been the topic of several analyst reports. Morgan Stanley cut their price target on shares of International Flavors & Fragrances from $92.00 to $90.00 and set an “overweight” rating on the stock in a report on Monday, September 22nd. Bank of America cut their price objective on 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 reiterated a “buy” rating and set a $105.00 target price on shares of International Flavors & Fragrances in a research report on Tuesday, August 26th. BNP Paribas Exane reduced their price target on shares of International Flavors & Fragrances from $96.00 to $92.00 and set an “outperform” rating on the stock in a research note on Thursday, September 11th. Finally, Argus dropped their target price on shares of International Flavors & Fragrances from $85.00 to $70.00 and set a “buy” rating on the stock in a research note on Tuesday, October 7th. Twelve 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’s stock. According to MarketBeat, International Flavors & Fragrances currently has an average rating of “Moderate Buy” and an average target price of $85.02.

About International Flavors & Fragrances

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.