US Bancorp DE Has $1.54 Million Position in International Flavors & Fragrances Inc. $IFF

US Bancorp DE lowered its stake in shares of International Flavors & Fragrances Inc. (NYSE:IFF) by 8.6% in the second quarter, according to its most recent disclosure with the SEC. The fund owned 20,955 shares of the specialty chemicals company’s stock after selling 1,977 shares during the period. US Bancorp DE’s holdings in International Flavors & Fragrances were worth $1,541,000 as of its most recent filing with the SEC.

Other large investors have also made changes to their positions in the company. Charles Schwab Investment Management Inc. raised its position in shares of International Flavors & Fragrances by 2.1% during 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 buying an additional 32,005 shares during the last quarter. Allspring Global Investments Holdings LLC increased its stake in International Flavors & Fragrances by 11.2% in the first quarter. Allspring Global Investments Holdings LLC now owns 84,265 shares of the specialty chemicals company’s stock valued at $6,525,000 after acquiring an additional 8,490 shares during the period. Manning & Napier Advisors LLC bought a new stake in International Flavors & Fragrances in the first quarter valued at about $1,271,000. Dodge & Cox increased its stake in International Flavors & Fragrances by 7.4% in 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, Achmea Investment Management B.V. increased its stake in International Flavors & Fragrances by 126.1% in the first quarter. Achmea Investment Management B.V. now owns 29,344 shares of the specialty chemicals company’s stock valued at $2,277,000 after acquiring an additional 16,368 shares during the period. Institutional investors and hedge funds own 96.02% of the company’s stock.

Insider Activity at International Flavors & Fragrances

In related news, Director Paul J. Fribourg purchased 15,450 shares of the firm’s stock in a transaction dated Thursday, August 7th. The shares were 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 directly owned 15,450 shares of the company’s stock, valued at $1,001,160. This trade represents a ∞ increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO J Erik Fyrwald acquired 15,300 shares of the business’s stock in a transaction that occurred on Thursday, August 7th. The stock was acquired at an average price of $64.95 per share, for a total transaction of $993,735.00. Following the completion of the acquisition, the chief executive officer directly owned 77,370 shares of the company’s stock, valued at $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. 0.20% of the stock is owned by corporate insiders.

Analyst Ratings Changes

A number of research firms recently weighed in on IFF. BNP Paribas Exane lowered their target price on shares of International Flavors & Fragrances from $96.00 to $92.00 and set an “outperform” rating on the stock in a research note on Thursday, September 11th. Bank of America lowered their target price on shares of International Flavors & Fragrances from $84.00 to $80.00 and set a “buy” rating on the stock in a research note on Tuesday. Barclays lowered their target price on shares of International Flavors & Fragrances from $78.00 to $72.00 and set an “overweight” rating on the stock in a research note on Friday, October 10th. Mizuho lowered their target price on shares of International Flavors & Fragrances from $85.00 to $75.00 and set an “outperform” rating on the stock in a research note on Friday, October 3rd. Finally, Berenberg Bank decreased their price objective on shares of International Flavors & Fragrances from $78.80 to $78.30 and set a “hold” rating on the stock in a research note on Monday, September 29th. Thirteen analysts have rated the stock with a Buy rating, four have issued a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $86.07.

International Flavors & Fragrances Price Performance

Shares of International Flavors & Fragrances stock opened at $62.54 on Friday. The company has a current ratio of 1.86, a quick ratio of 1.12 and a debt-to-equity ratio of 0.39. The stock has a market capitalization of $16.03 billion, a price-to-earnings ratio of -40.35, a P/E/G ratio of 2.49 and a beta of 1.07. International Flavors & Fragrances Inc. has a 1-year low of $59.14 and a 1-year high of $105.50. The firm’s 50-day moving average price is $63.99 and its two-hundred day moving average price is $71.19.

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

International Flavors & Fragrances Dividend Announcement

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