Bar Harbor Wealth Management Has $1.71 Million Holdings in International Flavors & Fragrances Inc. $IFF

Bar Harbor Wealth Management trimmed its holdings in International Flavors & Fragrances Inc. (NYSE:IFF) by 1.4% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 23,176 shares of the specialty chemicals company’s stock after selling 333 shares during the period. Bar Harbor Wealth Management’s holdings in International Flavors & Fragrances were worth $1,705,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Charles Schwab Investment Management Inc. raised its position in shares of International Flavors & Fragrances by 2.1% in the first quarter. Charles Schwab Investment Management Inc. now owns 1,577,723 shares of the specialty chemicals company’s stock valued at $122,447,000 after buying an additional 32,005 shares in the last quarter. Allspring Global Investments Holdings LLC raised its position in shares of International Flavors & Fragrances by 11.2% in the first quarter. Allspring Global Investments Holdings LLC now owns 84,265 shares of the specialty chemicals company’s stock valued at $6,525,000 after buying an additional 8,490 shares in the last quarter. Manning & Napier Advisors LLC acquired a new stake in shares of International Flavors & Fragrances in the first quarter valued at approximately $1,271,000. Dodge & Cox raised its position in shares of International Flavors & Fragrances by 7.4% in the first quarter. Dodge & Cox now owns 33,774,607 shares of the specialty chemicals company’s stock valued at $2,621,247,000 after buying an additional 2,336,844 shares in the last quarter. Finally, Chicago Capital LLC acquired a new stake in shares of International Flavors & Fragrances in the first quarter valued at approximately $688,000. 96.02% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on the stock. Morgan Stanley decreased their price objective on shares of International Flavors & Fragrances from $92.00 to $90.00 and set an “overweight” rating on the stock in a research note on Monday, September 22nd. Wells Fargo & Company decreased their price objective on shares of International Flavors & Fragrances from $90.00 to $85.00 and set an “overweight” rating on the stock in a research note on Thursday, August 7th. Weiss Ratings reissued a “sell (d+)” rating on shares of International Flavors & Fragrances in a research note on Wednesday. Barclays decreased their price objective on shares of International Flavors & Fragrances from $84.00 to $78.00 and set an “overweight” rating on the stock in a research note on Friday, August 8th. Finally, Mizuho decreased their price objective on shares of International Flavors & Fragrances from $85.00 to $75.00 and set an “outperform” rating on the stock in a research note on Friday, October 3rd. Thirteen research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $87.57.

International Flavors & Fragrances Stock Performance

NYSE IFF opened at $61.28 on Thursday. The firm’s fifty day moving average price is $64.91 and its two-hundred day moving average price is $71.87. The stock has a market cap of $15.71 billion, a PE ratio of -39.54, a PEG ratio of 2.65 and a beta of 1.07. International Flavors & Fragrances Inc. has a fifty-two week low of $59.89 and a fifty-two week high of $106.77. The company has a debt-to-equity ratio of 0.39, a quick ratio of 1.12 and a current ratio of 1.86.

International Flavors & Fragrances (NYSE:IFF) last posted its earnings results on Tuesday, August 5th. The specialty chemicals company reported $1.15 earnings per share for the quarter, topping analysts’ consensus estimates of $1.11 by $0.04. International Flavors & Fragrances had a negative net margin of 3.48% and a positive return on equity of 7.95%. The firm 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 posted $1.16 earnings per share. The company’s revenue was down 4.3% on a year-over-year basis. International Flavors & Fragrances has set its FY 2025 guidance at EPS. On average, equities analysts expect that International Flavors & Fragrances Inc. will post 4.32 EPS for the current fiscal year.

International Flavors & Fragrances Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, October 10th. Investors of record on Monday, September 29th will be paid a $0.40 dividend. The ex-dividend date of this dividend is Monday, September 29th. This represents a $1.60 annualized dividend and a dividend yield of 2.6%. International Flavors & Fragrances’s payout ratio is currently -103.23%.

Insider Buying and Selling at International Flavors & Fragrances

In other International Flavors & Fragrances news, CEO J Erik Fyrwald acquired 15,300 shares of International Flavors & Fragrances stock in a transaction that occurred on Thursday, August 7th. The shares were bought 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 directly owned 77,370 shares in the company, valued at $5,025,181.50. This trade represents a 24.65% increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Paul J. Fribourg acquired 15,450 shares of International Flavors & Fragrances stock in a transaction that occurred on Thursday, August 7th. The stock was acquired at an average cost of $64.80 per share, for a total transaction of $1,001,160.00. Following the purchase, the director owned 15,450 shares of the company’s stock, valued at $1,001,160. The trade was a ? 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.

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.