International Flavors & Fragrances Inc. $IFF Shares Sold by Northern Trust Corp

Northern Trust Corp lessened its holdings in shares of International Flavors & Fragrances Inc. (NYSE:IFF) by 8.7% during the 1st quarter, Holdings Channel.com reports. The fund owned 3,111,827 shares of the specialty chemicals company’s stock after selling 295,435 shares during the period. Northern Trust Corp’s holdings in International Flavors & Fragrances were worth $241,509,000 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. Zions Bancorporation National Association UT purchased a new stake in shares of International Flavors & Fragrances during the 1st quarter worth approximately $42,000. Mather Group LLC. raised its stake in International Flavors & Fragrances by 179.9% during the 1st quarter. Mather Group LLC. now owns 655 shares of the specialty chemicals company’s stock worth $51,000 after acquiring an additional 421 shares in the last quarter. Quarry LP purchased a new stake in International Flavors & Fragrances in the fourth quarter valued at $78,000. Smallwood Wealth Investment Management LLC acquired a new position in International Flavors & Fragrances in the first quarter valued at $77,000. Finally, Strengthening Families & Communities LLC grew its holdings in shares of International Flavors & Fragrances by 43.6% during the first quarter. Strengthening Families & Communities LLC now owns 1,384 shares of the specialty chemicals company’s stock worth $107,000 after purchasing an additional 420 shares during the last quarter. 96.02% of the stock is owned by institutional investors and hedge funds.

International Flavors & Fragrances Stock Up 0.3%

IFF stock opened at $66.0550 on Thursday. The stock has a market capitalization of $16.93 billion, a PE ratio of -42.62, a price-to-earnings-growth ratio of 2.85 and a beta of 1.04. The company has a fifty day moving average of $72.73 and a 200-day moving average of $76.22. 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 $62.33 and a one year high of $106.77.

International Flavors & Fragrances (NYSE:IFF) last posted its quarterly earnings results on Tuesday, August 5th. The specialty chemicals company reported $1.15 earnings per share 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 firm had revenue of $2.76 billion for the quarter, compared to the consensus estimate of $2.69 billion. During the same period in the previous year, the business earned $1.16 earnings per share. The company’s revenue for the quarter was down 4.3% compared to the same quarter last year. International Flavors & Fragrances has set its FY 2025 guidance at EPS. As a group, analysts expect 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, October 10th. Shareholders of record on Monday, September 29th will be issued a $0.40 dividend. This represents a $1.60 annualized dividend and a dividend yield of 2.4%. The ex-dividend date of this dividend is Monday, September 29th. International Flavors & Fragrances’s dividend payout ratio is -103.23%.

Analysts Set New Price Targets

Several research analysts have commented on IFF shares. Tigress Financial assumed coverage on International Flavors & Fragrances in a research report on Wednesday, June 4th. They set a “buy” rating and a $105.00 price target on the stock. Robert W. Baird cut their target price on shares of International Flavors & Fragrances from $110.00 to $100.00 and set an “outperform” rating on the stock in a report on Thursday, May 8th. UBS Group reduced their price target on shares of International Flavors & Fragrances from $83.00 to $79.00 and set a “neutral” rating for the company in a research report on Wednesday, August 6th. Oppenheimer downgraded shares of International Flavors & Fragrances from an “outperform” rating to a “market perform” rating in a research report on Thursday, August 7th. Finally, Citigroup upped their target price on shares of International Flavors & Fragrances from $84.00 to $90.00 and gave the company a “buy” rating in a report on Thursday, May 8th. Twelve research analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, International Flavors & Fragrances currently has an average rating of “Moderate Buy” and a consensus target price of $92.36.

Insider Activity at International Flavors & Fragrances

In related news, Director Paul J. Fribourg acquired 15,450 shares of the business’s stock in a transaction that occurred on Thursday, August 7th. The stock was 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 of the company’s stock, valued at approximately $1,001,160. This trade represents a ∞ increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, CEO J Erik Fyrwald purchased 15,300 shares of the business’s stock in a transaction dated 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 owned 77,370 shares of the company’s stock, valued at approximately $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. 0.20% of the stock is owned by corporate insiders.

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.