Parallel Advisors LLC Has $159,000 Stock Position in International Flavors & Fragrances Inc. $IFF

Parallel Advisors LLC grew its stake in shares of International Flavors & Fragrances Inc. (NYSE:IFF) by 45.6% in the second quarter, according to its most recent filing with the SEC. The institutional investor owned 2,163 shares of the specialty chemicals company’s stock after purchasing an additional 677 shares during the period. Parallel Advisors LLC’s holdings in International Flavors & Fragrances were worth $159,000 as of its most recent filing with the SEC.

Several other institutional investors also recently modified their holdings of IFF. Banque Transatlantique SA bought a new position in shares of International Flavors & Fragrances in the first quarter valued at approximately $32,000. Zions Bancorporation National Association UT bought a new position in shares of International Flavors & Fragrances in the first quarter valued at approximately $42,000. Geneos Wealth Management Inc. grew its holdings in shares of International Flavors & Fragrances by 55.7% in the first quarter. Geneos Wealth Management Inc. now owns 587 shares of the specialty chemicals company’s stock valued at $46,000 after acquiring an additional 210 shares in the last quarter. Mather Group LLC. grew its holdings in shares of International Flavors & Fragrances by 179.9% in the first quarter. Mather Group LLC. now owns 655 shares of the specialty chemicals company’s stock valued at $51,000 after acquiring an additional 421 shares in the last quarter. Finally, Smallwood Wealth Investment Management LLC bought a new position in International Flavors & Fragrances during the first quarter valued at $77,000. 96.02% of the stock is owned by institutional investors.

Insiders Place Their Bets

In related news, Director Paul J. Fribourg acquired 15,450 shares of International Flavors & Fragrances stock in a transaction dated Thursday, August 7th. The shares were purchased at an average cost of $64.80 per share, with a total value of $1,001,160.00. Following the completion of the purchase, the director owned 15,450 shares of the company’s stock, valued at $1,001,160. This represents a ∞ increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO J Erik Fyrwald acquired 15,300 shares of International Flavors & Fragrances stock in a transaction dated Thursday, August 7th. The shares were bought at an average cost of $64.95 per share, for a total transaction of $993,735.00. Following the completion of the purchase, the chief executive officer directly owned 77,370 shares of the company’s stock, valued at approximately $5,025,181.50. The trade was a 24.65% increase in their position. The disclosure for this purchase can be found here. 0.17% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

IFF has been the subject of several research reports. Morgan Stanley reduced their price objective on International Flavors & Fragrances from $92.00 to $90.00 and set an “overweight” rating for the company in a report on Monday. UBS Group reduced their price objective on International Flavors & Fragrances from $83.00 to $79.00 and set a “neutral” rating for the company in a report on Wednesday, August 6th. Wolfe Research raised International Flavors & Fragrances from an “underperform” rating to a “peer perform” rating in a report on Monday, September 8th. Tigress Financial reaffirmed a “buy” rating and issued a $105.00 price target on shares of International Flavors & Fragrances in a report on Tuesday, August 26th. Finally, BNP Paribas Exane cut their price target on International Flavors & Fragrances from $96.00 to $92.00 and set an “outperform” rating for the company in a report on Thursday, September 11th. Thirteen analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has issued 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 target price of $91.80.

International Flavors & Fragrances Trading Down 2.1%

Shares of IFF stock opened at $62.21 on Tuesday. The company has a market capitalization of $15.94 billion, a PE ratio of -40.13, a price-to-earnings-growth ratio of 2.75 and a beta of 1.07. The company has a debt-to-equity ratio of 0.39, a quick ratio of 1.12 and a current ratio of 1.86. International Flavors & Fragrances Inc. has a 52-week low of $62.17 and a 52-week high of $106.77. The business’s fifty day moving average is $68.25 and its 200 day moving average is $73.31.

International Flavors & Fragrances (NYSE:IFF) last released its earnings results on Tuesday, August 5th. The specialty chemicals company reported $1.15 EPS for the quarter, beating analysts’ consensus estimates of $1.11 by $0.04. The business had revenue of $2.76 billion for the quarter, compared to analysts’ expectations of $2.69 billion. International Flavors & Fragrances had a positive return on equity of 7.95% and a negative net margin of 3.48%.The firm’s revenue was down 4.3% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.16 earnings per share. International Flavors & Fragrances has set its FY 2025 guidance at EPS. On average, equities 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 announced a quarterly dividend, which will be paid on Friday, October 10th. Investors of record on Monday, September 29th will be paid a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a yield of 2.6%. The ex-dividend date of this dividend is Monday, September 29th. International Flavors & Fragrances’s dividend payout ratio is currently -103.23%.

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.