Clarkston Capital Partners LLC Takes Position in International Flavors & Fragrances Inc. $IFF

Clarkston Capital Partners LLC purchased a new position in shares of International Flavors & Fragrances Inc. (NYSE:IFF) during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 162,320 shares of the specialty chemicals company’s stock, valued at approximately $11,939,000. Clarkston Capital Partners LLC owned about 0.06% of International Flavors & Fragrances as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. State Board of Administration of Florida Retirement System grew its stake in shares of International Flavors & Fragrances by 1.1% in the 2nd quarter. State Board of Administration of Florida Retirement System now owns 265,105 shares of the specialty chemicals company’s stock valued at $19,498,000 after purchasing an additional 2,960 shares during the last quarter. Elevation Point Wealth Partners LLC grew its position in International Flavors & Fragrances by 46.1% in the 2nd quarter. Elevation Point Wealth Partners LLC now owns 11,644 shares of the specialty chemicals company’s stock valued at $856,000 after buying an additional 3,674 shares during the last quarter. Quadrant Capital Group LLC increased its stake in International Flavors & Fragrances by 28.3% in the 2nd quarter. Quadrant Capital Group LLC now owns 13,607 shares of the specialty chemicals company’s stock valued at $1,001,000 after buying an additional 3,002 shares during the period. J.W. Cole Advisors Inc. purchased a new position in International Flavors & Fragrances during the 2nd quarter worth $231,000. Finally, Steward Partners Investment Advisory LLC lifted its stake in shares of International Flavors & Fragrances by 2.5% in the 2nd quarter. Steward Partners Investment Advisory LLC now owns 8,736 shares of the specialty chemicals company’s stock worth $643,000 after acquiring an additional 213 shares during the period. 96.02% of the stock is owned by hedge funds and other institutional investors.

International Flavors & Fragrances Trading Up 0.9%

NYSE:IFF opened at $69.83 on Friday. International Flavors & Fragrances Inc. has a 52-week low of $59.14 and a 52-week high of $91.65. The company has a quick ratio of 1.12, a current ratio of 1.86 and a debt-to-equity ratio of 0.39. The stock has a fifty day simple moving average of $63.65 and a 200-day simple moving average of $69.21. The company has a market capitalization of $17.88 billion, a PE ratio of -45.05, a price-to-earnings-growth ratio of 2.54 and a beta of 1.04.

International Flavors & Fragrances (NYSE:IFF) last posted its earnings results on Tuesday, November 4th. The specialty chemicals company reported $1.05 earnings per share for the quarter, beating the consensus estimate of $1.02 by $0.03. 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 $2.69 billion during the quarter, compared to the consensus estimate of $2.65 billion. During the same period last year, the firm posted $1.04 EPS. The firm’s revenue for the quarter was down 7.9% on a year-over-year basis. International Flavors & Fragrances has set its FY 2025 guidance at EPS. On average, equities research analysts expect 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 disclosed a quarterly dividend, which will be paid on Friday, January 9th. Investors of record on Friday, December 19th will be given a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a dividend yield of 2.3%. The ex-dividend date is Friday, December 19th. International Flavors & Fragrances’s payout ratio is currently -98.77%.

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on the stock. Morgan Stanley cut their price target on shares of International Flavors & Fragrances from $92.00 to $90.00 and set an “overweight” rating for the company in a report on Monday, September 22nd. UBS Group increased their target price on International Flavors & Fragrances from $66.00 to $68.00 and gave the stock a “neutral” rating in a research note on Thursday, November 6th. Oppenheimer cut International Flavors & Fragrances from an “outperform” rating to a “market perform” rating in a report on Thursday, August 7th. BNP Paribas dropped their price objective on International Flavors & Fragrances from $92.00 to $91.00 in a report on Monday, September 29th. Finally, Wolfe Research raised International Flavors & Fragrances from an “underperform” rating to a “peer perform” rating in a report on Monday, September 8th. Twelve research 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. According to MarketBeat, International Flavors & Fragrances currently has a consensus rating of “Moderate Buy” and a consensus target price of $85.02.

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.