International Flavors & Fragrances Inc. $IFF Shares Sold by Securian Asset Management Inc.

Securian Asset Management Inc. cut its position in shares of International Flavors & Fragrances Inc. (NYSE:IFF) by 1.5% in the 2nd quarter, HoldingsChannel.com reports. The fund owned 13,231 shares of the specialty chemicals company’s stock after selling 200 shares during the period. Securian Asset Management Inc.’s holdings in International Flavors & Fragrances were worth $973,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. DekaBank Deutsche Girozentrale grew its stake in shares of International Flavors & Fragrances by 1.2% in the second quarter. DekaBank Deutsche Girozentrale now owns 63,744 shares of the specialty chemicals company’s stock valued at $4,747,000 after buying an additional 740 shares in the last quarter. Chicago Partners Investment Group LLC acquired a new stake in shares of International Flavors & Fragrances in the second quarter valued at about $206,000. BKM Wealth Management LLC grew its stake in shares of International Flavors & Fragrances by 6.8% in the second quarter. BKM Wealth Management LLC now owns 5,490 shares of the specialty chemicals company’s stock valued at $404,000 after buying an additional 349 shares in the last quarter. Chevy Chase Trust Holdings LLC grew its stake in shares of International Flavors & Fragrances by 0.8% in the second quarter. Chevy Chase Trust Holdings LLC now owns 135,506 shares of the specialty chemicals company’s stock valued at $9,966,000 after buying an additional 1,013 shares in the last quarter. Finally, Easterly Investment Partners LLC grew its stake in shares of International Flavors & Fragrances by 17.9% in the second quarter. Easterly Investment Partners LLC now owns 96,830 shares of the specialty chemicals company’s stock valued at $7,122,000 after buying an additional 14,681 shares in the last quarter. 96.02% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

IFF has been the subject of a number of recent research reports. Mizuho lowered their target price on International Flavors & Fragrances from $85.00 to $75.00 and set an “outperform” rating for the company in a research note on Friday, October 3rd. Morgan Stanley lowered their target price on International Flavors & Fragrances from $92.00 to $90.00 and set an “overweight” rating for the company in a research note on Monday, September 22nd. UBS Group reduced their price target 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. Argus reduced their price target on International Flavors & Fragrances from $85.00 to $70.00 and set a “buy” rating for the company in a report on Tuesday, October 7th. Finally, Barclays reduced their price target on International Flavors & Fragrances from $78.00 to $72.00 and set an “overweight” rating for the company in a report on Friday, October 10th. Thirteen analysts have rated the stock with a Buy rating, four have issued a Hold rating and two have given a Sell rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $86.07.

Insider Buying and Selling

In related news, Director Paul J. Fribourg purchased 15,450 shares of the business’s stock in a transaction that occurred on Thursday, August 7th. The shares were acquired at an average price of $64.80 per share, with a total value of $1,001,160.00. Following the acquisition, the director owned 15,450 shares in the company, valued at approximately $1,001,160. This trade represents a ∞ increase in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO J Erik Fyrwald purchased 15,300 shares of the business’s stock in a transaction that occurred on Thursday, August 7th. The stock was bought at an average cost of $64.95 per share, for a total transaction of $993,735.00. Following the acquisition, the chief executive officer owned 77,370 shares in the company, valued at approximately $5,025,181.50. The trade was a 24.65% increase in their position. The disclosure for this purchase can be found here. Company insiders own 0.20% of the company’s stock.

International Flavors & Fragrances Trading Up 1.5%

NYSE:IFF opened at $65.82 on Friday. The company has a quick ratio of 1.12, a current ratio of 1.86 and a debt-to-equity ratio of 0.39. The business’s 50 day moving average is $64.00 and its two-hundred day moving average is $70.83. International Flavors & Fragrances Inc. has a 52 week low of $59.14 and a 52 week high of $104.69. The company has a market cap of $16.87 billion, a PE ratio of -42.46, a P/E/G ratio of 2.61 and a beta of 1.07.

International Flavors & Fragrances (NYSE:IFF) last released 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 company had revenue of $2.76 billion for the quarter, compared to the consensus estimate of $2.69 billion. During the same quarter last year, the business posted $1.16 EPS. International Flavors & Fragrances’s quarterly 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 predict that International Flavors & Fragrances Inc. will post 4.32 EPS for the current year.

International Flavors & Fragrances Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, October 10th. Shareholders of record on Monday, September 29th were issued a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a yield of 2.4%. The ex-dividend date of this dividend was Monday, September 29th. International Flavors & Fragrances’s dividend payout ratio (DPR) is currently -103.23%.

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.