Cwm LLC Reduces Holdings in International Flavors & Fragrances Inc. $IFF

Cwm LLC reduced its holdings in shares of International Flavors & Fragrances Inc. (NYSE:IFF) by 2.3% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 7,535 shares of the specialty chemicals company’s stock after selling 177 shares during the quarter. Cwm LLC’s holdings in International Flavors & Fragrances were worth $554,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also recently added to or reduced their stakes in the company. Banque Transatlantique SA purchased a new position in International Flavors & Fragrances during the 1st quarter valued at about $32,000. American National Bank & Trust increased its holdings in International Flavors & Fragrances by 11,975.0% during the 2nd quarter. American National Bank & Trust now owns 483 shares of the specialty chemicals company’s stock valued at $36,000 after acquiring an additional 479 shares in the last quarter. Zions Bancorporation National Association UT purchased a new position in International Flavors & Fragrances during the 1st quarter valued at about $42,000. Geneos Wealth Management Inc. increased its holdings in International Flavors & Fragrances by 55.7% during the 1st 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. Finally, Eastern Bank increased its holdings in International Flavors & Fragrances by 43.9% during the 2nd quarter. Eastern Bank now owns 633 shares of the specialty chemicals company’s stock valued at $47,000 after acquiring an additional 193 shares in the last quarter. 96.02% of the stock is currently owned by hedge funds and other institutional investors.

International Flavors & Fragrances Trading Up 0.2%

Shares of IFF stock opened at $65.92 on Friday. The stock has a market cap of $16.89 billion, a price-to-earnings ratio of -42.53, a price-to-earnings-growth ratio of 2.64 and a beta of 1.07. The company has a quick ratio of 1.12, a current ratio of 1.86 and a debt-to-equity ratio of 0.39. International Flavors & Fragrances Inc. has a fifty-two week low of $59.14 and a fifty-two week high of $103.08. The firm’s 50 day moving average price is $64.00 and its two-hundred day moving average price is $70.82.

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

International Flavors & Fragrances Announces Dividend

The company also recently disclosed 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. The ex-dividend date was Monday, September 29th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 2.4%. International Flavors & Fragrances’s dividend payout ratio (DPR) is currently -103.23%.

Analyst Ratings Changes

Several equities research analysts have issued reports on the stock. Wells Fargo & Company decreased their price target on shares of 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. Wolfe Research raised shares of International Flavors & Fragrances from an “underperform” rating to a “peer perform” rating in a research note on Monday, September 8th. Oppenheimer cut shares of International Flavors & Fragrances from an “outperform” rating to a “market perform” rating in a research note on Thursday, August 7th. Bank of America decreased their price target 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, October 14th. Finally, UBS Group decreased their price target on shares of International Flavors & Fragrances from $71.00 to $66.00 and set a “neutral” rating on the stock in a research note on Monday, October 6th. Thirteen research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $86.07.

Insider Buying and Selling

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

International Flavors & Fragrances Company 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.