Sumitomo Mitsui Trust Group Inc. Acquires 13,582 Shares of International Flavors & Fragrances Inc. $IFF

Sumitomo Mitsui Trust Group Inc. boosted its holdings in International Flavors & Fragrances Inc. (NYSE:IFF) by 2.3% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 605,062 shares of the specialty chemicals company’s stock after acquiring an additional 13,582 shares during the period. Sumitomo Mitsui Trust Group Inc.’s holdings in International Flavors & Fragrances were worth $44,502,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also added to or reduced their stakes in the company. Blue Trust Inc. increased its position in International Flavors & Fragrances by 7.6% during the 2nd quarter. Blue Trust Inc. now owns 2,184 shares of the specialty chemicals company’s stock worth $161,000 after buying an additional 155 shares during the period. Horizon Investments LLC increased its position in International Flavors & Fragrances by 4.9% during the 1st quarter. Horizon Investments LLC now owns 3,671 shares of the specialty chemicals company’s stock worth $285,000 after buying an additional 172 shares during the period. UMB Bank n.a. increased its position in International Flavors & Fragrances by 17.3% during the 2nd quarter. UMB Bank n.a. now owns 1,290 shares of the specialty chemicals company’s stock worth $95,000 after buying an additional 190 shares during the period. Eastern Bank increased its position in International Flavors & Fragrances by 43.9% during the 2nd quarter. Eastern Bank now owns 633 shares of the specialty chemicals company’s stock worth $47,000 after buying an additional 193 shares during the period. Finally, GM Advisory Group LLC increased its position in International Flavors & Fragrances by 2.6% during the 1st quarter. GM Advisory Group LLC now owns 7,952 shares of the specialty chemicals company’s stock worth $617,000 after buying an additional 202 shares during the period. Institutional investors own 96.02% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on the company. Wolfe Research upgraded International Flavors & Fragrances from an “underperform” rating to a “peer perform” rating in a research report on Monday, September 8th. Wells Fargo & Company decreased their price target on International Flavors & Fragrances from $90.00 to $85.00 and set an “overweight” rating on the stock in a research report on Thursday, August 7th. Oppenheimer cut International Flavors & Fragrances from an “outperform” rating to a “market perform” rating in a research report on Thursday, August 7th. Barclays decreased their price target on International Flavors & Fragrances from $78.00 to $72.00 and set an “overweight” rating on the stock in a research report on Friday, October 10th. Finally, Weiss Ratings restated a “sell (d+)” rating on shares of International Flavors & Fragrances in a research report on Wednesday, October 8th. Thirteen investment analysts have rated the stock with a Buy rating, four have given a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $86.07.

International Flavors & Fragrances Stock Performance

International Flavors & Fragrances stock opened at $65.31 on Tuesday. International Flavors & Fragrances Inc. has a 12-month low of $59.14 and a 12-month high of $103.08. 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 price is $64.00 and its two-hundred day moving average price is $70.78. The stock has a market cap of $16.74 billion, a PE ratio of -42.14, a P/E/G ratio of 2.65 and a beta of 1.07.

International Flavors & Fragrances (NYSE:IFF) last announced its quarterly earnings results on Tuesday, August 5th. The specialty chemicals company reported $1.15 EPS 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 analyst estimates of $2.69 billion. During the same period last year, the firm posted $1.16 earnings per share. The business’s revenue for the quarter was down 4.3% on a year-over-year basis. 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 earnings per share for the current fiscal year.

International Flavors & Fragrances Dividend Announcement

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

Insider Buying and Selling

In related news, CEO J Erik Fyrwald acquired 15,300 shares of the business’s stock in a transaction that occurred on Thursday, August 7th. The shares were bought at an average cost of $64.95 per share, with a total value of $993,735.00. Following the completion of the purchase, the chief executive officer directly owned 77,370 shares in the company, valued at $5,025,181.50. The trade was a 24.65% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available at this link. Also, 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 bought at an average cost of $64.80 per share, for a total transaction of $1,001,160.00. Following the completion of the purchase, the director owned 15,450 shares of the company’s stock, valued at $1,001,160. This trade represents a ∞ increase in their ownership of the stock. The disclosure for this purchase can be found here. 0.17% of the stock is owned by 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.