Bleakley Financial Group LLC Buys 2,829 Shares of International Flavors & Fragrances Inc. $IFF

Bleakley Financial Group LLC increased its stake in International Flavors & Fragrances Inc. (NYSE:IFF) by 25.2% during the second quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 14,067 shares of the specialty chemicals company’s stock after purchasing an additional 2,829 shares during the quarter. Bleakley Financial Group LLC’s holdings in International Flavors & Fragrances were worth $1,035,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Charles Schwab Investment Management Inc. raised its holdings in International Flavors & Fragrances by 2.1% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 1,577,723 shares of the specialty chemicals company’s stock worth $122,447,000 after purchasing an additional 32,005 shares during the period. Allspring Global Investments Holdings LLC increased its stake in International Flavors & Fragrances by 11.2% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 84,265 shares of the specialty chemicals company’s stock worth $6,525,000 after buying an additional 8,490 shares in the last quarter. Dodge & Cox increased its stake in International Flavors & Fragrances by 7.4% in the 1st quarter. Dodge & Cox now owns 33,774,607 shares of the specialty chemicals company’s stock worth $2,621,247,000 after buying an additional 2,336,844 shares in the last quarter. Achmea Investment Management B.V. increased its stake in International Flavors & Fragrances by 126.1% in the 1st quarter. Achmea Investment Management B.V. now owns 29,344 shares of the specialty chemicals company’s stock worth $2,277,000 after buying an additional 16,368 shares in the last quarter. Finally, Compagnie Lombard Odier SCmA increased its stake in International Flavors & Fragrances by 23.0% in the 2nd quarter. Compagnie Lombard Odier SCmA now owns 131,645 shares of the specialty chemicals company’s stock worth $9,682,000 after buying an additional 24,607 shares in the last quarter. 96.02% of the stock is owned by institutional investors.

International Flavors & Fragrances Trading Up 0.2%

Shares of International Flavors & Fragrances stock opened at $65.92 on Friday. The firm has a market cap of $16.89 billion, a price-to-earnings ratio of -42.53, a PEG ratio of 2.65 and a beta of 1.07. The business has a 50-day moving average price of $64.00 and a 200-day moving average price of $70.85. The company has a quick ratio of 1.12, a current ratio of 1.86 and a debt-to-equity ratio of 0.39. International Flavors & Fragrances Inc. has a twelve month low of $59.14 and a twelve month high of $103.08.

International Flavors & Fragrances (NYSE:IFF) last issued its quarterly earnings data on Tuesday, August 5th. The specialty chemicals company reported $1.15 earnings per share for the quarter, beating analysts’ consensus estimates of $1.11 by $0.04. The firm had revenue of $2.76 billion during the quarter, compared to analyst estimates of $2.69 billion. International Flavors & Fragrances had a positive return on equity of 7.95% and a negative net margin of 3.48%.The business’s quarterly revenue was down 4.3% compared to the same quarter last year. During the same quarter last year, the business posted $1.16 earnings per share. International Flavors & Fragrances has set its FY 2025 guidance at EPS. Equities research analysts anticipate that International Flavors & Fragrances Inc. will post 4.32 EPS for the current fiscal 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 $0.40 dividend. The ex-dividend date was Monday, September 29th. This represents a $1.60 annualized dividend and a yield of 2.4%. International Flavors & Fragrances’s dividend payout ratio (DPR) is currently -103.23%.

Analyst Ratings Changes

A number of equities research analysts have issued reports on IFF shares. Wolfe Research upgraded International Flavors & Fragrances from an “underperform” rating to a “peer perform” rating in a research note on Monday, September 8th. Tigress Financial reiterated a “buy” rating and issued a $105.00 price target on shares of International Flavors & Fragrances in a research note on Tuesday, August 26th. BNP Paribas Exane cut their price target on International Flavors & Fragrances from $96.00 to $92.00 and set an “outperform” rating for the company in a research note on Thursday, September 11th. BNP Paribas cut their price target on International Flavors & Fragrances from $92.00 to $91.00 in a research note on Monday, September 29th. Finally, Argus cut their price objective on International Flavors & Fragrances from $85.00 to $70.00 and set a “buy” rating for the company in a research report on Tuesday, October 7th. Thirteen equities research analysts have rated the stock with a Buy rating, four have issued a Hold rating and two have given a Sell rating to the company. According to MarketBeat.com, International Flavors & Fragrances currently has a consensus rating of “Moderate Buy” and a consensus price target of $86.07.

Insider Activity

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 stock was bought at an average price of $64.80 per share, for a total transaction of $1,001,160.00. Following the completion of the transaction, the director owned 15,450 shares in the company, valued at approximately $1,001,160. The trade was a ? increase in their position. The purchase was disclosed in a filing with the SEC, which is available at the SEC website. 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, with a total value of $993,735.00. Following the transaction, the chief executive officer owned 77,370 shares of the company’s stock, valued at $5,025,181.50. This represents 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 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.