Wellington Management Group LLP Buys Shares of 4,235 International Flavors & Fragrances Inc. $IFF

Wellington Management Group LLP bought a new stake in International Flavors & Fragrances Inc. (NYSE:IFF) during the first quarter, according to its most recent 13F filing with the SEC. The institutional investor bought 4,235 shares of the specialty chemicals company’s stock, valued at approximately $329,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in IFF. Freemont Capital Pte Ltd purchased a new position in International Flavors & Fragrances in the 4th quarter valued at about $2,143,882,000. Nuveen LLC purchased a new position in International Flavors & Fragrances in the 1st quarter valued at about $57,324,000. GAMMA Investing LLC lifted its holdings in International Flavors & Fragrances by 6,831.5% in the 1st quarter. GAMMA Investing LLC now owns 556,464 shares of the specialty chemicals company’s stock valued at $431,870,000 after purchasing an additional 548,436 shares in the last quarter. Invesco Ltd. lifted its holdings in International Flavors & Fragrances by 15.3% in the 1st quarter. Invesco Ltd. now owns 2,992,437 shares of the specialty chemicals company’s stock valued at $232,243,000 after purchasing an additional 397,327 shares in the last quarter. Finally, Leith Wheeler Investment Counsel Ltd. purchased a new position in shares of International Flavors & Fragrances during the 1st quarter worth about $21,983,000. 96.02% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities research analysts recently issued reports on IFF shares. Citigroup raised their target price on shares of International Flavors & Fragrances from $84.00 to $90.00 and gave the stock a “buy” rating in a research report on Thursday, May 8th. Robert W. Baird decreased their target price on shares of International Flavors & Fragrances from $110.00 to $100.00 and set an “outperform” rating on the stock in a research report on Thursday, May 8th. Oppenheimer cut shares of International Flavors & Fragrances from an “outperform” rating to a “market perform” rating in a research report on Thursday, August 7th. Wells Fargo & Company decreased their target price on shares of International Flavors & Fragrances from $90.00 to $85.00 and set an “overweight” rating on the stock in a research report on Thursday, August 7th. Finally, Morgan Stanley decreased their target price on shares of International Flavors & Fragrances from $100.00 to $98.00 and set an “overweight” rating on the stock in a research report on Tuesday, May 13th. Twelve research analysts have rated the stock with a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $92.36.

Insider Buying and Selling

In other news, Director Paul J. Fribourg acquired 15,450 shares of the company’s stock in a transaction dated Thursday, August 7th. The shares were bought at an average price of $64.80 per share, for a total transaction of $1,001,160.00. Following the completion of the purchase, the director directly owned 15,450 shares of the company’s stock, valued at approximately $1,001,160. This trade represents a ∞ increase in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CEO J Erik Fyrwald acquired 15,300 shares of the company’s stock in a transaction dated Thursday, August 7th. The shares were purchased at an average price of $64.95 per share, for a total transaction of $993,735.00. Following the purchase, the chief executive officer directly owned 77,370 shares of the company’s stock, valued at approximately $5,025,181.50. This trade represents a 24.65% increase in their ownership of the stock. The disclosure for this purchase can be found here. Company insiders own 0.17% of the company’s stock.

International Flavors & Fragrances Trading Up 0.5%

Shares of IFF stock opened at $67.46 on Tuesday. The stock has a market cap of $17.29 billion, a price-to-earnings ratio of -43.52, a price-to-earnings-growth ratio of 2.92 and a beta of 1.07. 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 fifty-two week low of $62.33 and a fifty-two week high of $106.77. The firm’s 50 day moving average price is $71.40 and its two-hundred day moving average price is $75.07.

International Flavors & Fragrances (NYSE:IFF) last announced its quarterly earnings results on Tuesday, August 5th. The specialty chemicals company reported $1.15 earnings per share for the quarter, beating analysts’ consensus estimates of $1.11 by $0.04. The firm had revenue of $2.76 billion for the quarter, compared to analysts’ expectations of $2.69 billion. International Flavors & Fragrances had a negative net margin of 3.48% and a positive return on equity of 7.95%. International Flavors & Fragrances’s revenue was down 4.3% compared to the same quarter last year. During the same period in the previous year, the company posted $1.16 earnings per share. International Flavors & Fragrances has set its FY 2025 guidance at EPS. On average, analysts anticipate that International Flavors & Fragrances Inc. will post 4.32 EPS for the current year.

International Flavors & Fragrances Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, October 10th. Stockholders of record on Monday, September 29th will be paid a dividend of $0.40 per share. The ex-dividend date is Monday, September 29th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 2.4%. International Flavors & Fragrances’s dividend payout ratio (DPR) is currently -103.23%.

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.