Midwest Trust Co Takes $1.72 Million Position in International Flavors & Fragrances Inc. $IFF

Midwest Trust Co bought a new stake in shares of International Flavors & Fragrances Inc. (NYSE:IFF) during the second quarter, HoldingsChannel.com reports. The institutional investor bought 23,376 shares of the specialty chemicals company’s stock, valued at approximately $1,719,000.

A number of other institutional investors have also bought and sold shares of the business. Banque Transatlantique SA purchased a new position in shares of International Flavors & Fragrances in the first quarter valued at about $32,000. American National Bank & Trust raised its stake in International Flavors & Fragrances by 11,975.0% during the 2nd quarter. American National Bank & Trust now owns 483 shares of the specialty chemicals company’s stock valued at $36,000 after purchasing an additional 479 shares during the period. Zions Bancorporation National Association UT purchased a new position in International Flavors & Fragrances in the 1st quarter worth approximately $42,000. Geneos Wealth Management Inc. boosted its stake in International Flavors & Fragrances by 55.7% in the 1st quarter. Geneos Wealth Management Inc. now owns 587 shares of the specialty chemicals company’s stock worth $46,000 after purchasing an additional 210 shares during the period. Finally, Eastern Bank grew its holdings in International Flavors & Fragrances by 43.9% during the 2nd quarter. Eastern Bank now owns 633 shares of the specialty chemicals company’s stock valued at $47,000 after buying an additional 193 shares in the last quarter. Hedge funds and other institutional investors own 96.02% of the company’s stock.

International Flavors & Fragrances Trading Up 1.3%

IFF opened at $62.79 on Tuesday. The stock has a 50-day moving average of $63.22 and a 200 day moving average of $70.02. The company has a current ratio of 1.86, a quick ratio of 1.12 and a debt-to-equity ratio of 0.39. International Flavors & Fragrances Inc. has a 12 month low of $59.14 and a 12 month high of $92.39. The firm has a market cap of $16.08 billion, a P/E ratio of -40.51, a P/E/G ratio of 2.54 and a beta of 1.04.

International Flavors & Fragrances (NYSE:IFF) last issued its quarterly earnings data on Tuesday, November 4th. The specialty chemicals company reported $1.05 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.02 by $0.03. The business had revenue of $2.69 billion for the quarter, compared to the consensus estimate of $2.65 billion. International Flavors & Fragrances had a positive return on equity of 7.95% and a negative net margin of 3.48%.The company’s quarterly revenue was down 7.9% compared to the same quarter last year. During the same period in the prior year, the business posted $1.04 earnings per share. International Flavors & Fragrances has set its FY 2025 guidance at EPS. As a group, research analysts forecast 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 will be paid on Friday, January 9th. Investors of record on Friday, December 19th will be given a $0.40 dividend. The ex-dividend date is Friday, December 19th. This represents a $1.60 dividend on an annualized basis and a yield of 2.5%. International Flavors & Fragrances’s dividend payout ratio (DPR) is currently -98.77%.

Wall Street Analyst Weigh In

IFF has been the subject of a number of research reports. Oppenheimer lowered shares of International Flavors & Fragrances from an “outperform” rating to a “market perform” rating in a research report on Thursday, August 7th. Argus dropped their price objective on shares of International Flavors & Fragrances from $85.00 to $70.00 and set a “buy” rating for the company in a report on Tuesday, October 7th. Wolfe Research upgraded International Flavors & Fragrances from an “underperform” rating to a “peer perform” rating in a research report on Monday, September 8th. Bank of America decreased their target price on International Flavors & Fragrances from $84.00 to $80.00 and set a “buy” rating on the stock in a research report on Tuesday, October 14th. Finally, Mizuho cut their price target on International Flavors & Fragrances from $85.00 to $75.00 and set an “outperform” rating for the company in a report on Friday, October 3rd. Twelve 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 stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $85.02.

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.