Choreo LLC Has $1.46 Million Stake in International Flavors & Fragrances Inc. $IFF

Choreo LLC reduced its stake in International Flavors & Fragrances Inc. (NYSE:IFF) by 5.0% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 19,758 shares of the specialty chemicals company’s stock after selling 1,039 shares during the period. Choreo LLC’s holdings in International Flavors & Fragrances were worth $1,461,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also added to or reduced their stakes in the stock. J.W. Cole Advisors Inc. acquired a new stake in International Flavors & Fragrances in the second quarter valued at approximately $231,000. Steward Partners Investment Advisory LLC boosted its holdings in shares of International Flavors & Fragrances by 2.5% during the 2nd quarter. Steward Partners Investment Advisory LLC now owns 8,736 shares of the specialty chemicals company’s stock valued at $643,000 after acquiring an additional 213 shares in the last quarter. Prudential Financial Inc. grew its position in International Flavors & Fragrances by 7.4% during the 2nd quarter. Prudential Financial Inc. now owns 150,001 shares of the specialty chemicals company’s stock worth $11,033,000 after acquiring an additional 10,304 shares during the last quarter. Coldstream Capital Management Inc. increased its holdings in International Flavors & Fragrances by 25.6% in the 2nd quarter. Coldstream Capital Management Inc. now owns 3,880 shares of the specialty chemicals company’s stock worth $285,000 after purchasing an additional 790 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. raised its position in International Flavors & Fragrances by 3.6% in the second quarter. Charles Schwab Investment Management Inc. now owns 1,633,880 shares of the specialty chemicals company’s stock valued at $120,172,000 after purchasing an additional 56,157 shares during the last quarter. 96.02% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research firms have recently weighed in on IFF. Citigroup reduced their price target on International Flavors & Fragrances from $82.00 to $75.00 and set a “buy” rating on the stock in a report on Monday, October 6th. Weiss Ratings restated a “sell (d-)” rating on shares of International Flavors & Fragrances in a research report on Wednesday. UBS Group lifted their price target on shares of International Flavors & Fragrances from $66.00 to $68.00 and gave the stock a “neutral” rating in a report on Thursday, November 6th. Wells Fargo & Company decreased their price objective on International Flavors & Fragrances from $90.00 to $85.00 and set an “overweight” rating for the company in a report on Thursday, August 7th. Finally, Bank of America cut their target price on International Flavors & Fragrances from $84.00 to $80.00 and set a “buy” rating on the stock in a report on Tuesday, October 14th. Twelve analysts have rated the stock with a Buy rating, four have given a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $85.02.

International Flavors & Fragrances Price Performance

Shares of NYSE IFF opened at $69.48 on Friday. The company has a market capitalization of $17.79 billion, a PE ratio of -44.83, a P/E/G ratio of 2.54 and a beta of 1.04. 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 twelve month low of $59.14 and a twelve month high of $91.48. The firm has a fifty day simple moving average of $63.77 and a 200 day simple moving average of $69.11.

International Flavors & Fragrances (NYSE:IFF) last issued its quarterly earnings results on Tuesday, November 4th. The specialty chemicals company reported $1.05 earnings per share for the quarter, topping analysts’ consensus estimates of $1.02 by $0.03. The firm 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%.The business’s revenue was down 7.9% compared to the same quarter last year. During the same period last year, the business posted $1.04 EPS. International Flavors & Fragrances has set its FY 2025 guidance at EPS. On average, sell-side analysts forecast that International Flavors & Fragrances Inc. will post 4.32 EPS for the current year.

International Flavors & Fragrances Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, January 9th. Shareholders of record on Friday, December 19th will be issued a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a dividend yield of 2.3%. The ex-dividend date is Friday, December 19th. International Flavors & Fragrances’s dividend payout ratio is presently -98.77%.

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.