Tectonic Advisors LLC Lowers Stock Holdings in International Flavors & Fragrances Inc. $IFF

Tectonic Advisors LLC reduced its position in shares of International Flavors & Fragrances Inc. (NYSE:IFF) by 45.8% in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 6,997 shares of the specialty chemicals company’s stock after selling 5,908 shares during the period. Tectonic Advisors LLC’s holdings in International Flavors & Fragrances were worth $515,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also modified their holdings of IFF. Banque Transatlantique SA purchased a new position in shares of International Flavors & Fragrances during the first quarter worth $32,000. American National Bank & Trust boosted its position in shares of International Flavors & Fragrances by 11,975.0% during the second quarter. American National Bank & Trust now owns 483 shares of the specialty chemicals company’s stock worth $36,000 after buying an additional 479 shares during the period. Zions Bancorporation National Association UT purchased a new position in shares of International Flavors & Fragrances during the first quarter worth $42,000. Geneos Wealth Management Inc. boosted 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 worth $46,000 after buying an additional 210 shares during the period. Finally, Mather Group LLC. boosted its position in shares of International Flavors & Fragrances by 179.9% during the first quarter. Mather Group LLC. now owns 655 shares of the specialty chemicals company’s stock worth $51,000 after buying an additional 421 shares during the period. 96.02% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on IFF. Oppenheimer lowered International Flavors & Fragrances from an “outperform” rating to a “market perform” rating in a report on Thursday, August 7th. UBS Group decreased their target price on International Flavors & Fragrances from $71.00 to $66.00 and set a “neutral” rating for the company in a report on Monday, October 6th. Citigroup decreased their target price on International Flavors & Fragrances from $82.00 to $75.00 and set a “buy” rating for the company in a report on Monday, October 6th. Morgan Stanley decreased their target price on International Flavors & Fragrances from $92.00 to $90.00 and set an “overweight” rating for the company in a report on Monday, September 22nd. Finally, BNP Paribas Exane decreased their target price on International Flavors & Fragrances from $96.00 to $92.00 and set an “outperform” rating for the company in a report on Thursday, September 11th. Thirteen analysts have rated the stock with a Buy rating, four have given a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $87.57.

Insider Transactions at International Flavors & Fragrances

In related news, Director Paul J. Fribourg purchased 15,450 shares of the company’s stock in a transaction that occurred on Thursday, August 7th. The shares were purchased at an average price 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. The trade was a ∞ increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO J Erik Fyrwald purchased 15,300 shares of the company’s stock in a transaction that occurred on Thursday, August 7th. The stock was bought at an average price of $64.95 per share, for a total transaction of $993,735.00. Following the transaction, the chief executive officer directly owned 77,370 shares in the company, valued at $5,025,181.50. This trade represents 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 currently owned by insiders.

International Flavors & Fragrances Stock Down 0.9%

Shares of NYSE IFF opened at $59.59 on Friday. The company has a market capitalization of $15.27 billion, a price-to-earnings ratio of -38.45, a price-to-earnings-growth ratio of 2.61 and a beta of 1.07. 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 business has a 50-day moving average of $64.49 and a two-hundred day moving average of $71.63. International Flavors & Fragrances Inc. has a 1 year low of $59.14 and a 1 year high of $106.77.

International Flavors & Fragrances (NYSE:IFF) last posted its earnings results on Tuesday, August 5th. The specialty chemicals company reported $1.15 EPS for the quarter, topping 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 business had revenue of $2.76 billion for the quarter, compared to analysts’ expectations of $2.69 billion. During the same quarter in the previous year, the firm earned $1.16 earnings per share. The business’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, analysts forecast that International Flavors & Fragrances Inc. will post 4.32 earnings per share for the current fiscal year.

International Flavors & Fragrances Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, October 10th. Stockholders of record on Monday, September 29th were given a dividend of $0.40 per share. The ex-dividend date was Monday, September 29th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 2.7%. International Flavors & Fragrances’s payout ratio is -103.23%.

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.