Impax Asset Management Group plc Has $1.25 Million Stock Position in International Flavors & Fragrances Inc. $IFF

Impax Asset Management Group plc cut its stake in shares of International Flavors & Fragrances Inc. (NYSE:IFF) by 57.0% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 16,959 shares of the specialty chemicals company’s stock after selling 22,469 shares during the period. Impax Asset Management Group plc’s holdings in International Flavors & Fragrances were worth $1,247,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of the company. Police & Firemen s Retirement System of New Jersey grew its position in International Flavors & Fragrances by 4.3% during the 2nd quarter. Police & Firemen s Retirement System of New Jersey now owns 38,724 shares of the specialty chemicals company’s stock worth $2,848,000 after acquiring an additional 1,608 shares during the last quarter. Geode Capital Management LLC boosted its stake in shares of International Flavors & Fragrances by 1.9% during the second quarter. Geode Capital Management LLC now owns 6,459,129 shares of the specialty chemicals company’s stock valued at $473,036,000 after purchasing an additional 123,520 shares in the last quarter. KBC Group NV grew its holdings in shares of International Flavors & Fragrances by 5.8% during the second quarter. KBC Group NV now owns 28,082 shares of the specialty chemicals company’s stock worth $2,065,000 after purchasing an additional 1,536 shares during the last quarter. National Pension Service increased its stake in shares of International Flavors & Fragrances by 0.6% in the second quarter. National Pension Service now owns 445,594 shares of the specialty chemicals company’s stock valued at $32,773,000 after buying an additional 2,772 shares during the period. Finally, Leith Wheeler Investment Counsel Ltd. raised its holdings in International Flavors & Fragrances by 0.4% in the 2nd quarter. Leith Wheeler Investment Counsel Ltd. now owns 284,423 shares of the specialty chemicals company’s stock valued at $20,919,000 after buying an additional 1,170 shares during the last quarter. Institutional investors and hedge funds own 96.02% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have weighed in on IFF. Tigress Financial reissued a “buy” rating and set a $105.00 target price on shares of International Flavors & Fragrances in a report on Tuesday, August 26th. Morgan Stanley reduced their price objective on shares of International Flavors & Fragrances from $92.00 to $90.00 and set an “overweight” rating on the stock in a research note on Monday, September 22nd. Weiss Ratings reaffirmed a “sell (d)” rating on shares of International Flavors & Fragrances in a research report on Friday, October 31st. Berenberg Bank cut their target price on International Flavors & Fragrances from $78.80 to $78.30 and set a “hold” rating on the stock in a report on Monday, September 29th. Finally, Wells Fargo & Company decreased 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. Twelve 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. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $85.02.

International Flavors & Fragrances Stock Performance

Shares of IFF opened at $67.41 on Friday. 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 firm’s fifty day simple moving average is $63.22 and its two-hundred day simple moving average is $69.89. International Flavors & Fragrances Inc. has a 12 month low of $59.14 and a 12 month high of $91.65. The stock has a market capitalization of $17.26 billion, a P/E ratio of -43.49, a price-to-earnings-growth ratio of 2.54 and a beta of 1.04.

International Flavors & Fragrances (NYSE:IFF) last announced its quarterly earnings data on Tuesday, November 4th. The specialty chemicals company reported $1.05 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 in the previous year, the business earned $1.04 EPS. 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. As a group, analysts predict that International Flavors & Fragrances Inc. will post 4.32 EPS for the current year.

International Flavors & Fragrances Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, January 9th. Shareholders of record on Friday, December 19th will be issued a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a dividend yield of 2.4%. The ex-dividend date is Friday, December 19th. International Flavors & Fragrances’s dividend payout ratio is presently -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.