Callan Family Office LLC Raises Stock Position in International Flavors & Fragrances Inc. $IFF

Callan Family Office LLC grew its position in shares of International Flavors & Fragrances Inc. (NYSE:IFF) by 231.3% in the second quarter, HoldingsChannel reports. The firm owned 63,680 shares of the specialty chemicals company’s stock after buying an additional 44,457 shares during the quarter. Callan Family Office LLC’s holdings in International Flavors & Fragrances were worth $4,684,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in the company. Horizon Investments LLC grew its position in shares of International Flavors & Fragrances by 4.9% during the first quarter. Horizon Investments LLC now owns 3,671 shares of the specialty chemicals company’s stock valued at $285,000 after purchasing an additional 172 shares in the last quarter. UMB Bank n.a. grew its position in shares of International Flavors & Fragrances by 17.3% during the second quarter. UMB Bank n.a. now owns 1,290 shares of the specialty chemicals company’s stock valued at $95,000 after purchasing an additional 190 shares in the last quarter. GM Advisory Group LLC grew its position in shares of International Flavors & Fragrances by 2.6% during the first quarter. GM Advisory Group LLC now owns 7,952 shares of the specialty chemicals company’s stock valued at $617,000 after purchasing an additional 202 shares in the last quarter. Byrne Asset Management LLC grew its position in shares of International Flavors & Fragrances by 3.3% during the first quarter. Byrne Asset Management LLC now owns 6,637 shares of the specialty chemicals company’s stock valued at $515,000 after purchasing an additional 210 shares in the last quarter. Finally, Geneos Wealth Management Inc. grew its position in shares of International Flavors & Fragrances by 55.7% during the first quarter. Geneos Wealth Management Inc. now owns 587 shares of the specialty chemicals company’s stock valued at $46,000 after purchasing an additional 210 shares in the last quarter. Hedge funds and other institutional investors own 96.02% of the company’s stock.

International Flavors & Fragrances Stock Down 0.9%

Shares of NYSE IFF opened at $59.59 on Friday. The company has a debt-to-equity ratio of 0.39, a current ratio of 1.86 and a quick ratio of 1.12. The company has a market cap of $15.27 billion, a P/E ratio of -38.45, a PEG ratio of 2.61 and a beta of 1.07. International Flavors & Fragrances Inc. has a 1 year low of $59.14 and a 1 year high of $106.77. The firm has a 50-day simple moving average of $64.49 and a two-hundred day simple moving average of $71.63.

International Flavors & Fragrances (NYSE:IFF) last announced its quarterly earnings data on Tuesday, August 5th. The specialty chemicals company reported $1.15 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.11 by $0.04. The business had revenue of $2.76 billion during the quarter, compared to the consensus estimate of $2.69 billion. International Flavors & Fragrances had a negative net margin of 3.48% and a positive return on equity of 7.95%. The firm’s quarterly revenue was down 4.3% compared to the same quarter last year. During the same quarter last year, the firm earned $1.16 earnings per share. International Flavors & Fragrances has set its FY 2025 guidance at EPS. Research analysts anticipate that International Flavors & Fragrances Inc. will post 4.32 earnings per share for the current year.

International Flavors & Fragrances Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, October 10th. Shareholders of record on Monday, September 29th were paid a $0.40 dividend. The ex-dividend date of this dividend was Monday, September 29th. This represents a $1.60 annualized dividend and a yield of 2.7%. International Flavors & Fragrances’s dividend payout ratio (DPR) is presently -103.23%.

Insider Activity at International Flavors & Fragrances

In related news, CEO J Erik Fyrwald purchased 15,300 shares of the firm’s stock in a transaction dated Thursday, August 7th. The stock was purchased at an average price of $64.95 per share, with a total value of $993,735.00. Following the completion of the purchase, 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 position. The acquisition was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Paul J. Fribourg purchased 15,450 shares of the firm’s stock in a transaction dated Thursday, August 7th. The shares were bought at an average cost of $64.80 per share, with a total value of $1,001,160.00. Following the purchase, the director directly owned 15,450 shares of the company’s stock, valued at approximately $1,001,160. This represents a ∞ increase in their position. The disclosure for this purchase can be found here. Insiders own 0.20% of the company’s stock.

Analysts Set New Price Targets

IFF has been the subject of a number of analyst reports. BNP Paribas lowered their price target on shares of International Flavors & Fragrances from $92.00 to $91.00 in a report on Monday, September 29th. Wolfe Research raised shares of International Flavors & Fragrances from an “underperform” rating to a “peer perform” rating in a report on Monday, September 8th. Morgan Stanley lowered 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. Argus lowered their price target on shares of International Flavors & Fragrances from $85.00 to $70.00 and set a “buy” rating for the company in a report on Tuesday. Finally, Oppenheimer downgraded shares of International Flavors & Fragrances from an “outperform” rating to a “market perform” rating in a report on Thursday, August 7th. Thirteen investment analysts have rated the stock with a Buy rating, four have issued a Hold rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $87.57.

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.