Sumitomo Mitsui DS Asset Management Company Ltd Increases Stake in International Flavors & Fragrances Inc. $IFF

Sumitomo Mitsui DS Asset Management Company Ltd raised its holdings in International Flavors & Fragrances Inc. (NYSE:IFF) by 2.2% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 32,015 shares of the specialty chemicals company’s stock after purchasing an additional 702 shares during the period. Sumitomo Mitsui DS Asset Management Company Ltd’s holdings in International Flavors & Fragrances were worth $2,355,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of the business. Radnor Capital Management LLC grew its holdings in International Flavors & Fragrances by 7.1% in the second quarter. Radnor Capital Management LLC now owns 3,795 shares of the specialty chemicals company’s stock valued at $279,000 after purchasing an additional 250 shares during the period. Czech National Bank boosted its stake in shares of International Flavors & Fragrances by 6.5% in the second quarter. Czech National Bank now owns 62,524 shares of the specialty chemicals company’s stock worth $4,599,000 after acquiring an additional 3,799 shares during the last quarter. Parallel Advisors LLC boosted its stake in shares of International Flavors & Fragrances by 45.6% in the second quarter. Parallel Advisors LLC now owns 2,163 shares of the specialty chemicals company’s stock worth $159,000 after acquiring an additional 677 shares during the last quarter. Kera Capital Partners Inc. acquired a new stake in shares of International Flavors & Fragrances in the second quarter worth approximately $245,000. Finally, AG2R LA Mondiale Gestion D Actifs acquired a new stake in shares of International Flavors & Fragrances in the first quarter worth approximately $1,182,000. 96.02% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on IFF. UBS Group lowered their price target on International Flavors & Fragrances from $83.00 to $79.00 and set a “neutral” rating on the stock in a research note on Wednesday, August 6th. Barclays lowered their price target on International Flavors & Fragrances from $84.00 to $78.00 and set an “overweight” rating on the stock in a research note on Friday, August 8th. Wells Fargo & Company lowered their price target on International Flavors & Fragrances from $90.00 to $85.00 and set an “overweight” rating on the stock in a research note on Thursday, August 7th. Tigress Financial reissued a “buy” rating and set a $105.00 price objective on shares of International Flavors & Fragrances in a research note on Tuesday, August 26th. Finally, Oppenheimer lowered International Flavors & Fragrances from an “outperform” rating to a “market perform” rating in a research note on Thursday, August 7th. Thirteen equities research analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $92.33.

International Flavors & Fragrances Price Performance

NYSE:IFF opened at $63.53 on Monday. The company has a quick ratio of 1.12, a current ratio of 1.86 and a debt-to-equity ratio of 0.39. The company has a market capitalization of $16.28 billion, a P/E ratio of -40.99, a P/E/G ratio of 2.75 and a beta of 1.07. International Flavors & Fragrances Inc. has a 52 week low of $62.33 and a 52 week high of $106.77. The stock’s fifty day moving average is $68.50 and its two-hundred day moving average is $73.45.

International Flavors & Fragrances (NYSE:IFF) last posted its quarterly earnings data on Tuesday, August 5th. The specialty chemicals company reported $1.15 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.11 by $0.04. 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 $2.76 billion for the quarter, compared to the consensus estimate of $2.69 billion. During the same quarter in the previous year, the business earned $1.16 EPS. The company’s quarterly revenue was down 4.3% compared to the same quarter last year. International Flavors & Fragrances has set its FY 2025 guidance at EPS. Equities analysts expect that International Flavors & Fragrances Inc. will post 4.32 EPS for the current year.

International Flavors & Fragrances Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, October 10th. Stockholders of record on Monday, September 29th will be given a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a dividend yield of 2.5%. The ex-dividend date of this dividend is Monday, September 29th. International Flavors & Fragrances’s dividend payout ratio is currently -103.23%.

Insider Activity

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

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.