ASR Vermogensbeheer N.V. Has $3.41 Million Holdings in International Flavors & Fragrances Inc. $IFF

ASR Vermogensbeheer N.V. cut its position in shares of International Flavors & Fragrances Inc. (NYSE:IFF) by 0.4% in the second quarter, Holdings Channel reports. The institutional investor owned 46,383 shares of the specialty chemicals company’s stock after selling 181 shares during the period. ASR Vermogensbeheer N.V.’s holdings in International Flavors & Fragrances were worth $3,411,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of the company. Charles Schwab Investment Management Inc. boosted its position in International Flavors & Fragrances by 2.1% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 1,577,723 shares of the specialty chemicals company’s stock worth $122,447,000 after acquiring an additional 32,005 shares during the last quarter. Allspring Global Investments Holdings LLC boosted its holdings in International Flavors & Fragrances by 11.2% during the first quarter. Allspring Global Investments Holdings LLC now owns 84,265 shares of the specialty chemicals company’s stock worth $6,525,000 after purchasing an additional 8,490 shares during the last quarter. Manning & Napier Advisors LLC acquired a new position in International Flavors & Fragrances during the first quarter worth $1,271,000. Dodge & Cox boosted its holdings in International Flavors & Fragrances by 7.4% during the first quarter. Dodge & Cox now owns 33,774,607 shares of the specialty chemicals company’s stock worth $2,621,247,000 after purchasing an additional 2,336,844 shares during the last quarter. Finally, Chicago Capital LLC acquired a new position in shares of International Flavors & Fragrances during the 1st quarter worth about $688,000. 96.02% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on the stock. Oppenheimer downgraded shares of International Flavors & Fragrances from an “outperform” rating to a “market perform” rating in a research note on Thursday, August 7th. Tigress Financial restated a “buy” rating and issued a $105.00 price target on shares of International Flavors & Fragrances in a research note on Tuesday, August 26th. Berenberg Bank decreased their target price on shares of International Flavors & Fragrances from $78.80 to $78.30 and set a “hold” rating for the company in a research note on Monday, September 29th. Barclays decreased their target price on shares of International Flavors & Fragrances from $84.00 to $78.00 and set an “overweight” rating for the company in a research note on Friday, August 8th. Finally, Weiss Ratings reissued a “sell (d+)” rating on shares of International Flavors & Fragrances in a research report on Saturday, September 27th. Thirteen 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’s stock. Based on data from MarketBeat, International Flavors & Fragrances has a consensus rating of “Moderate Buy” and a consensus price target of $90.25.

International Flavors & Fragrances Stock Performance

Shares of IFF stock opened at $62.15 on Friday. The company has a market capitalization of $15.93 billion, a price-to-earnings ratio of -40.10, a PEG ratio of 2.67 and a beta of 1.07. The company has a debt-to-equity ratio of 0.39, a quick ratio of 1.12 and a current ratio of 1.86. The company has a 50-day simple moving average of $65.66 and a 200 day simple moving average of $72.24. International Flavors & Fragrances Inc. has a 52 week low of $59.89 and a 52 week high of $106.77.

International Flavors & Fragrances (NYSE:IFF) last announced its earnings results on Tuesday, August 5th. The specialty chemicals company reported $1.15 EPS for the quarter, topping 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 business had revenue of $2.76 billion during the quarter, compared to the consensus estimate of $2.69 billion. During the same quarter in the previous year, the firm posted $1.16 EPS. International Flavors & Fragrances’s revenue was down 4.3% compared to the same quarter last year. International Flavors & Fragrances has set its FY 2025 guidance at EPS. On average, sell-side analysts predict that International Flavors & Fragrances Inc. will post 4.32 earnings per share for the current year.

International Flavors & Fragrances Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, October 10th. Investors of record on Monday, September 29th will be paid a $0.40 dividend. The ex-dividend date is Monday, September 29th. This represents a $1.60 annualized dividend and a yield of 2.6%. International Flavors & Fragrances’s payout ratio is -103.23%.

Insider Transactions at International Flavors & Fragrances

In other International Flavors & Fragrances news, Director Paul J. Fribourg bought 15,450 shares of International Flavors & Fragrances stock in a transaction dated Thursday, August 7th. The stock was bought at an average price of $64.80 per share, with a total value of $1,001,160.00. Following the completion of the transaction, the director owned 15,450 shares in the company, valued at $1,001,160. The trade was a ∞ increase in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CEO J Erik Fyrwald bought 15,300 shares of International Flavors & Fragrances stock in a transaction dated Thursday, August 7th. The stock was acquired at an average cost of $64.95 per share, with a total value of $993,735.00. Following the transaction, the chief executive officer owned 77,370 shares of the company’s stock, valued at $5,025,181.50. This trade represents a 24.65% increase in their position. The disclosure for this purchase can be found here. Insiders own 0.20% of the company’s stock.

International Flavors & Fragrances Company 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.