Mutual of America Capital Management LLC Sells 400 Shares of International Flavors & Fragrances Inc. $IFF

Mutual of America Capital Management LLC lessened its position in shares of International Flavors & Fragrances Inc. (NYSE:IFF) by 1.3% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 29,329 shares of the specialty chemicals company’s stock after selling 400 shares during the quarter. Mutual of America Capital Management LLC’s holdings in International Flavors & Fragrances were worth $2,157,000 as of its most recent SEC filing.

Other large investors have also recently modified their holdings of the company. Banque Transatlantique SA purchased a new stake in shares of International Flavors & Fragrances in the 1st quarter valued at $32,000. American National Bank & Trust boosted its holdings in shares of International Flavors & Fragrances by 11,975.0% in 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 during the last quarter. Zions Bancorporation National Association UT purchased a new stake in shares of International Flavors & Fragrances in the 1st quarter valued at $42,000. Geneos Wealth Management Inc. boosted its holdings in shares of International Flavors & Fragrances by 55.7% in 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 during the last quarter. Finally, Eastern Bank boosted its holdings in shares of International Flavors & Fragrances by 43.9% in 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 during the last quarter. Institutional investors own 96.02% of the company’s stock.

Analyst Ratings Changes

A number of analysts recently issued reports on IFF shares. Mizuho lowered their price target on shares of International Flavors & Fragrances from $85.00 to $75.00 and set an “outperform” rating on the stock in a report on Friday, October 3rd. BNP Paribas Exane lowered their price target 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. Wolfe Research raised shares of International Flavors & Fragrances from an “underperform” rating to a “peer perform” rating in a report on Monday, September 8th. Wells Fargo & Company lowered 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 report on Thursday, August 7th. Finally, Argus lowered their price target on shares of International Flavors & Fragrances from $85.00 to $70.00 and set a “buy” rating on the stock in a report on Tuesday, October 7th. Thirteen research analysts have rated the stock with a Buy rating, four have issued a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat.com, International Flavors & Fragrances has a consensus rating of “Moderate Buy” and an average target price of $86.07.

International Flavors & Fragrances Trading Up 0.2%

NYSE IFF opened at $65.92 on Friday. The firm has a 50 day simple moving average of $64.00 and a 200-day simple moving average of $70.85. The company has a debt-to-equity ratio of 0.39, a quick ratio of 1.12 and a current ratio of 1.86. International Flavors & Fragrances Inc. has a one year low of $59.14 and a one year high of $103.08. The firm has a market cap of $16.89 billion, a price-to-earnings ratio of -42.53, a PEG ratio of 2.65 and a beta of 1.07.

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

International Flavors & Fragrances Announces Dividend

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

Insiders Place Their Bets

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