Blair William & Co. IL Has $659,000 Stake in International Flavors & Fragrances Inc. $IFF

Blair William & Co. IL boosted its holdings in shares of International Flavors & Fragrances Inc. (NYSE:IFF) by 18.4% in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 8,955 shares of the specialty chemicals company’s stock after purchasing an additional 1,391 shares during the period. Blair William & Co. IL’s holdings in International Flavors & Fragrances were worth $659,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Dodge & Cox increased its holdings in International Flavors & Fragrances by 7.4% during the 1st quarter. Dodge & Cox now owns 33,774,607 shares of the specialty chemicals company’s stock valued at $2,621,247,000 after purchasing an additional 2,336,844 shares in the last quarter. Vanguard Group Inc. increased its holdings in International Flavors & Fragrances by 0.6% during the 1st quarter. Vanguard Group Inc. now owns 30,390,040 shares of the specialty chemicals company’s stock valued at $2,358,571,000 after purchasing an additional 171,281 shares in the last quarter. First Pacific Advisors LP increased its holdings in International Flavors & Fragrances by 0.8% during the 1st quarter. First Pacific Advisors LP now owns 4,062,075 shares of the specialty chemicals company’s stock valued at $315,258,000 after purchasing an additional 32,302 shares in the last quarter. Invesco Ltd. increased its holdings in International Flavors & Fragrances by 15.3% during 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, Charles Schwab Investment Management Inc. increased its holdings in International Flavors & Fragrances by 2.1% during the 1st 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. 96.02% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other International Flavors & Fragrances news, CEO J Erik Fyrwald bought 15,300 shares of the firm’s stock in a transaction 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 completion of the purchase, the chief executive officer owned 77,370 shares in the company, valued at approximately $5,025,181.50. The trade was a 24.65% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director Paul J. Fribourg bought 15,450 shares of the firm’s stock in a transaction on Thursday, August 7th. The stock was acquired 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 approximately $1,001,160. This trade represents 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 Stock Up 1.0%

NYSE:IFF opened at $62.54 on Friday. International Flavors & Fragrances Inc. has a 12-month low of $59.14 and a 12-month high of $105.50. 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 firm has a market capitalization of $16.03 billion, a P/E ratio of -40.35, a P/E/G ratio of 2.49 and a beta of 1.07. The stock’s fifty day simple moving average is $63.99 and its 200-day simple moving average is $71.19.

International Flavors & Fragrances (NYSE:IFF) last posted its quarterly earnings results on Tuesday, August 5th. The specialty chemicals company reported $1.15 earnings per share (EPS) for the quarter, topping 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 business had revenue of $2.76 billion for the quarter, compared to analyst estimates of $2.69 billion. During the same period last year, the company earned $1.16 EPS. The firm’s revenue was down 4.3% on a year-over-year basis. International Flavors & Fragrances has set its FY 2025 guidance at EPS. Equities research analysts expect that International Flavors & Fragrances Inc. will post 4.32 earnings per share for the current year.

International Flavors & Fragrances Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, October 10th. Stockholders of record on Monday, September 29th were given a $0.40 dividend. This represents a $1.60 annualized dividend and a dividend yield of 2.6%. The ex-dividend date was Monday, September 29th. International Flavors & Fragrances’s dividend payout ratio (DPR) is currently -103.23%.

Analysts Set New Price Targets

Several research firms have recently commented on IFF. Tigress Financial reissued a “buy” rating and issued a $105.00 target price on shares of International Flavors & Fragrances in a research note on Tuesday, August 26th. Oppenheimer cut International Flavors & Fragrances from an “outperform” rating to a “market perform” rating in a research note on Thursday, August 7th. UBS Group lowered their target price on International Flavors & Fragrances from $71.00 to $66.00 and set a “neutral” rating for the company in a research note on Monday, October 6th. Wells Fargo & Company lowered their target price 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. Finally, Argus lowered their target price on International Flavors & Fragrances from $85.00 to $70.00 and set a “buy” rating for the company in a research note on Tuesday, October 7th. Thirteen analysts have rated the stock with a Buy rating, four have issued a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $86.07.

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.