Chicago Partners Investment Group LLC Buys Shares of 2,665 International Flavors & Fragrances Inc. $IFF

Chicago Partners Investment Group LLC bought a new stake in International Flavors & Fragrances Inc. (NYSE:IFF) during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund bought 2,665 shares of the specialty chemicals company’s stock, valued at approximately $206,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Blue Trust Inc. grew its stake in International Flavors & Fragrances by 7.6% in the second quarter. Blue Trust Inc. now owns 2,184 shares of the specialty chemicals company’s stock valued at $161,000 after purchasing an additional 155 shares during the last quarter. Horizon Investments LLC grew its stake in shares of International Flavors & Fragrances by 4.9% during the first quarter. Horizon Investments LLC now owns 3,671 shares of the specialty chemicals company’s stock worth $285,000 after acquiring an additional 172 shares during the last quarter. UMB Bank n.a. grew its stake in shares of International Flavors & Fragrances by 17.3% during the second quarter. UMB Bank n.a. now owns 1,290 shares of the specialty chemicals company’s stock worth $95,000 after acquiring an additional 190 shares during the last quarter. Eastern Bank grew its stake in shares of International Flavors & Fragrances by 43.9% during the second quarter. Eastern Bank now owns 633 shares of the specialty chemicals company’s stock worth $47,000 after acquiring an additional 193 shares during the last quarter. Finally, GM Advisory Group LLC grew its stake in shares of International Flavors & Fragrances by 2.6% during the first quarter. GM Advisory Group LLC now owns 7,952 shares of the specialty chemicals company’s stock worth $617,000 after acquiring an additional 202 shares during the last quarter. Hedge funds and other institutional investors own 96.02% of the company’s stock.

International Flavors & Fragrances Trading Up 0.2%

International Flavors & Fragrances stock opened at $65.92 on Friday. International Flavors & Fragrances Inc. has a 52 week low of $59.14 and a 52 week high of $103.08. The company has a market capitalization of $16.89 billion, a price-to-earnings ratio of -42.53, a price-to-earnings-growth ratio of 2.65 and a beta of 1.07. The stock has a 50-day moving average price of $64.00 and a 200 day moving average price of $70.85. 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 (NYSE:IFF) last announced its quarterly earnings results on Tuesday, August 5th. The specialty chemicals company reported $1.15 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 company had revenue of $2.76 billion during the quarter, compared to the consensus estimate of $2.69 billion. During the same period in the previous year, the company posted $1.16 earnings per share. International Flavors & Fragrances’s revenue for the quarter was down 4.3% on a year-over-year basis. International Flavors & Fragrances has set its FY 2025 guidance at EPS. Sell-side analysts anticipate that International Flavors & Fragrances Inc. will post 4.32 EPS for the current year.

International Flavors & Fragrances Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, October 10th. Shareholders of record on Monday, September 29th were issued a $0.40 dividend. The ex-dividend date of this dividend was Monday, September 29th. This represents a $1.60 dividend on an annualized basis and a yield of 2.4%. International Flavors & Fragrances’s payout ratio is presently -103.23%.

Wall Street Analysts Forecast Growth

IFF has been the topic of a number of research analyst reports. BNP Paribas dropped their price target on International Flavors & Fragrances from $92.00 to $91.00 in a research note on Monday, September 29th. Berenberg Bank dropped their price target on 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. Weiss Ratings restated a “sell (d+)” rating on shares of International Flavors & Fragrances in a research note on Wednesday, October 8th. Citigroup dropped their price target on International Flavors & Fragrances from $82.00 to $75.00 and set a “buy” rating on the stock in a research note on Monday, October 6th. Finally, Morgan Stanley decreased their target price on International Flavors & Fragrances from $92.00 to $90.00 and set an “overweight” rating for the company in a report on Monday, September 22nd. Thirteen research analysts have rated the stock with a Buy rating, four have issued a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat.com, International Flavors & Fragrances presently has an average rating of “Moderate Buy” and an average target price of $86.07.

Insider Buying and Selling

In related news, Director Paul J. Fribourg purchased 15,450 shares of the firm’s stock in a transaction on Thursday, August 7th. The stock was bought at an average cost of $64.80 per share, with a total value of $1,001,160.00. Following the completion of the acquisition, the director owned 15,450 shares of the company’s stock, valued at $1,001,160. The trade was a ∞ increase in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CEO J Erik Fyrwald purchased 15,300 shares of the firm’s stock in a transaction on 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 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 position. The disclosure for this purchase can be found here. Insiders own 0.20% of the company’s stock.

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.