UMB Bank n.a. Has $95,000 Stock Holdings in International Flavors & Fragrances Inc. $IFF

UMB Bank n.a. increased its stake in shares of International Flavors & Fragrances Inc. (NYSE:IFF) by 17.3% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,290 shares of the specialty chemicals company’s stock after buying an additional 190 shares during the period. UMB Bank n.a.’s holdings in International Flavors & Fragrances were worth $95,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Charles Schwab Investment Management Inc. increased its holdings in shares of International Flavors & Fragrances by 2.1% in the first quarter. Charles Schwab Investment Management Inc. now owns 1,577,723 shares of the specialty chemicals company’s stock valued at $122,447,000 after purchasing an additional 32,005 shares in the last quarter. Allspring Global Investments Holdings LLC increased its stake in shares of International Flavors & Fragrances by 11.2% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 84,265 shares of the specialty chemicals company’s stock valued at $6,525,000 after buying an additional 8,490 shares during the period. Manning & Napier Advisors LLC bought a new stake in shares of International Flavors & Fragrances during the first quarter worth $1,271,000. Dodge & Cox lifted its stake in shares of International Flavors & Fragrances by 7.4% during the first quarter. Dodge & Cox now owns 33,774,607 shares of the specialty chemicals company’s stock valued at $2,621,247,000 after acquiring an additional 2,336,844 shares during the period. Finally, Chicago Capital LLC bought a new position in International Flavors & Fragrances in the first quarter valued at about $688,000. Institutional investors and hedge funds own 96.02% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have issued reports on the stock. Oppenheimer downgraded shares of International Flavors & Fragrances from an “outperform” rating to a “market perform” rating in a research report on Thursday, August 7th. BNP Paribas Exane cut their price objective on shares of International Flavors & Fragrances from $96.00 to $92.00 and set an “outperform” rating on the stock in a report on Thursday, September 11th. Wells Fargo & Company lowered their target price on shares of International Flavors & Fragrances from $90.00 to $85.00 and set an “overweight” rating for the company in a report on Thursday, August 7th. Barclays cut 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. Finally, Tigress Financial reaffirmed a “buy” rating and set a $105.00 price objective on shares of International Flavors & Fragrances in a research note on Tuesday, August 26th. Thirteen investment analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $91.80.

Insider Buying and Selling at International Flavors & Fragrances

In other news, CEO J Erik Fyrwald acquired 15,300 shares of International Flavors & Fragrances stock in a transaction dated Thursday, August 7th. The stock was bought at an average cost of $64.95 per share, with a total value of $993,735.00. Following the completion of the transaction, the chief executive officer directly owned 77,370 shares of the company’s stock, valued at approximately $5,025,181.50. This represents a 24.65% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Paul J. Fribourg bought 15,450 shares of the company’s stock in a transaction that occurred on Thursday, August 7th. The stock was purchased at an average cost of $64.80 per share, for a total transaction of $1,001,160.00. Following the transaction, the director owned 15,450 shares in the company, valued at $1,001,160. The trade was a ∞ increase in their position. The disclosure for this purchase can be found here. Insiders own 0.20% of the company’s stock.

International Flavors & Fragrances Trading Up 0.3%

NYSE IFF opened at $62.56 on Thursday. International Flavors & Fragrances Inc. has a one year low of $62.13 and a one year high of $106.77. The company has a debt-to-equity ratio of 0.39, a current ratio of 1.86 and a quick ratio of 1.12. The firm has a market cap of $16.03 billion, a P/E ratio of -40.36, a P/E/G ratio of 2.71 and a beta of 1.07. The stock’s 50-day moving average is $67.79 and its 200-day moving average is $73.16.

International Flavors & Fragrances (NYSE:IFF) last posted its earnings results on Tuesday, August 5th. The specialty chemicals company reported $1.15 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.11 by $0.04. The business had revenue of $2.76 billion during 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%.International Flavors & Fragrances’s revenue for the quarter was down 4.3% compared to the same quarter last year. During the same period in the prior year, the business earned $1.16 EPS. International Flavors & Fragrances has set its FY 2025 guidance at EPS. Sell-side analysts anticipate that International Flavors & Fragrances Inc. will post 4.32 earnings per share for the current fiscal year.

International Flavors & Fragrances Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, October 10th. Investors of record on Monday, September 29th 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 2.6%. The ex-dividend date is Monday, September 29th. International Flavors & Fragrances’s dividend payout ratio (DPR) is presently -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.