AG2R LA Mondiale Gestion D Actifs Purchases 2,087 Shares of International Flavors & Fragrances Inc. $IFF

AG2R LA Mondiale Gestion D Actifs grew its position in International Flavors & Fragrances Inc. (NYSE:IFF) by 13.5% during the second quarter, Holdings Channel reports. The institutional investor owned 17,531 shares of the specialty chemicals company’s stock after acquiring an additional 2,087 shares during the quarter. AG2R LA Mondiale Gestion D Actifs’ holdings in International Flavors & Fragrances were worth $1,289,000 as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of the company. Sumitomo Mitsui Trust Group Inc. lifted its position in International Flavors & Fragrances by 2.3% during the second quarter. Sumitomo Mitsui Trust Group Inc. now owns 605,062 shares of the specialty chemicals company’s stock valued at $44,502,000 after acquiring an additional 13,582 shares during the last quarter. Caitong International Asset Management Co. Ltd acquired a new position in shares of International Flavors & Fragrances during the second quarter worth $71,000. Bleakley Financial Group LLC lifted its holdings in shares of International Flavors & Fragrances by 25.2% during the 2nd quarter. Bleakley Financial Group LLC now owns 14,067 shares of the specialty chemicals company’s stock valued at $1,035,000 after purchasing an additional 2,829 shares during the last quarter. Forum Financial Management LP boosted its position in shares of International Flavors & Fragrances by 50.0% in the 2nd quarter. Forum Financial Management LP now owns 6,232 shares of the specialty chemicals company’s stock worth $458,000 after purchasing an additional 2,078 shares in the last quarter. Finally, Cullen Frost Bankers Inc. grew its stake in International Flavors & Fragrances by 7.1% during the 2nd quarter. Cullen Frost Bankers Inc. now owns 8,804 shares of the specialty chemicals company’s stock worth $648,000 after buying an additional 587 shares during the last quarter. Institutional investors own 96.02% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on IFF shares. Wells Fargo & Company lowered their price target on International Flavors & Fragrances from $90.00 to $85.00 and set an “overweight” rating for the company in a report on Thursday, August 7th. BNP Paribas decreased their price objective on shares of International Flavors & Fragrances from $92.00 to $91.00 in a research report on Monday, September 29th. Morgan Stanley dropped their target price on shares of International Flavors & Fragrances from $92.00 to $90.00 and set an “overweight” rating on the stock in a research report on Monday, September 22nd. Barclays decreased their price target on shares of International Flavors & Fragrances from $78.00 to $72.00 and set an “overweight” rating for the company in a report on Friday, October 10th. Finally, Citigroup dropped their price objective on shares of International Flavors & Fragrances from $82.00 to $75.00 and set a “buy” rating on the stock in a report on Monday, October 6th. 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, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $86.07.

Insider Buying and Selling

In related news, Director Paul J. Fribourg acquired 15,450 shares of the stock in a transaction on Thursday, August 7th. The shares were acquired at an average price of $64.80 per share, for a total transaction of $1,001,160.00. Following the transaction, the director owned 15,450 shares in the company, valued at approximately $1,001,160. This trade represents a ∞ increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO J Erik Fyrwald bought 15,300 shares of the firm’s stock in a transaction that occurred on 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 in the company, valued at approximately $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. Insiders own 0.20% of the company’s stock.

International Flavors & Fragrances Stock Up 0.2%

NYSE:IFF opened at $65.92 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’s fifty day moving average price is $64.00 and its 200-day moving average price is $70.85. International Flavors & Fragrances Inc. has a 1-year low of $59.14 and a 1-year high of $103.08. The firm has a market capitalization of $16.89 billion, a P/E ratio of -42.53, a PEG ratio of 2.65 and a beta of 1.07.

International Flavors & Fragrances (NYSE:IFF) last posted its quarterly earnings results on Tuesday, August 5th. The specialty chemicals company reported $1.15 EPS for the quarter, beating the consensus estimate of $1.11 by $0.04. The company had revenue of $2.76 billion for the quarter, compared to analyst estimates 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 revenue was down 4.3% on a year-over-year basis. During the same period in the prior year, the company earned $1.16 earnings per share. International Flavors & Fragrances has set its FY 2025 guidance at EPS. As a group, equities research analysts anticipate that International Flavors & Fragrances Inc. will post 4.32 EPS for the current year.

International Flavors & Fragrances Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, October 10th. Investors of record on Monday, September 29th were given a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a yield of 2.4%. The ex-dividend date 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.