AGF Management Ltd. Purchases 5,754 Shares of International Flavors & Fragrances Inc. $IFF

AGF Management Ltd. grew its position in shares of International Flavors & Fragrances Inc. (NYSE:IFF) by 17.0% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 39,614 shares of the specialty chemicals company’s stock after buying an additional 5,754 shares during the period. AGF Management Ltd.’s holdings in International Flavors & Fragrances were worth $2,914,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. Banque Transatlantique SA bought a new position in International Flavors & Fragrances during the first quarter worth about $32,000. American National Bank & Trust increased its holdings in shares of International Flavors & Fragrances by 11,975.0% during the second quarter. American National Bank & Trust now owns 483 shares of the specialty chemicals company’s stock worth $36,000 after purchasing an additional 479 shares during the period. Zions Bancorporation National Association UT acquired a new stake in shares of International Flavors & Fragrances in the first quarter valued at approximately $42,000. Geneos Wealth Management Inc. boosted its stake in shares of International Flavors & Fragrances by 55.7% in the first quarter. Geneos Wealth Management Inc. now owns 587 shares of the specialty chemicals company’s stock valued at $46,000 after buying an additional 210 shares during the period. Finally, Eastern Bank grew its position in 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 buying an additional 193 shares in the last quarter. Institutional investors own 96.02% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on IFF. Morgan Stanley dropped their price objective 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. BNP Paribas Exane cut their price objective on shares of International Flavors & Fragrances from $96.00 to $92.00 and set an “outperform” rating for the company in a research report on Thursday, September 11th. Citigroup decreased their target price on shares of International Flavors & Fragrances from $82.00 to $75.00 and set a “buy” rating on the stock in a report on Monday, October 6th. Bank of America dropped their target price on shares of International Flavors & Fragrances from $84.00 to $80.00 and set a “buy” rating for the company in a research report on Tuesday, October 14th. Finally, UBS Group increased their price target on shares of International Flavors & Fragrances from $66.00 to $68.00 and gave the stock a “neutral” rating in a research report on Thursday, November 6th. Twelve analysts have rated the stock with a Buy rating, four have given a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $85.02.

International Flavors & Fragrances Price Performance

IFF stock opened at $62.79 on Tuesday. The company has a market capitalization of $16.08 billion, a P/E ratio of -40.51, a PEG ratio of 2.54 and a beta of 1.04. The company has a fifty day moving average price of $63.22 and a 200-day moving average price of $70.02. 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 52-week low of $59.14 and a 52-week high of $92.39.

International Flavors & Fragrances (NYSE:IFF) last posted its quarterly earnings data on Tuesday, November 4th. The specialty chemicals company reported $1.05 earnings per share for the quarter, beating analysts’ consensus estimates of $1.02 by $0.03. The business had revenue of $2.69 billion during the quarter, compared to the consensus estimate of $2.65 billion. International Flavors & Fragrances had a positive return on equity of 7.95% and a negative net margin of 3.48%.International Flavors & Fragrances’s quarterly revenue was down 7.9% on a year-over-year basis. During the same period in the prior year, the business posted $1.04 earnings per share. International Flavors & Fragrances has set its FY 2025 guidance at EPS. As a group, equities analysts expect that International Flavors & Fragrances Inc. will post 4.32 EPS for the current year.

International Flavors & Fragrances Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, January 9th. Stockholders of record on Friday, December 19th will be given a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a dividend yield of 2.5%. The ex-dividend date is Friday, December 19th. International Flavors & Fragrances’s dividend payout ratio (DPR) is -98.77%.

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.