Bank of America Corp DE Buys 23,680 Shares of International Flavors & Fragrances Inc. $IFF

Bank of America Corp DE increased its position in shares of International Flavors & Fragrances Inc. (NYSE:IFF) by 1.6% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,504,078 shares of the specialty chemicals company’s stock after buying an additional 23,680 shares during the quarter. Bank of America Corp DE’s holdings in International Flavors & Fragrances were worth $109,121,000 at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. First Eagle Investment Management LLC boosted its holdings in International Flavors & Fragrances by 27.5% during the fourth quarter. First Eagle Investment Management LLC now owns 8,831,668 shares of the specialty chemicals company’s stock valued at $595,166,000 after purchasing an additional 1,904,598 shares in the last quarter. Swiss Life Asset Management Ltd boosted its stake in International Flavors & Fragrances by 117.0% in the 4th quarter. Swiss Life Asset Management Ltd now owns 148,377 shares of the specialty chemicals company’s stock valued at $9,999,000 after buying an additional 80,014 shares in the last quarter. UBS Group AG grew its position in International Flavors & Fragrances by 53.5% in the fourth quarter. UBS Group AG now owns 1,695,343 shares of the specialty chemicals company’s stock valued at $114,249,000 after acquiring an additional 590,997 shares during the period. Cantor Fitzgerald Investment Advisors L.P. lifted its holdings in shares of International Flavors & Fragrances by 38.1% during the fourth quarter. Cantor Fitzgerald Investment Advisors L.P. now owns 199,302 shares of the specialty chemicals company’s stock valued at $13,431,000 after acquiring an additional 54,971 shares during the period. Finally, Strs Ohio boosted its stake in shares of International Flavors & Fragrances by 346.2% in the 4th quarter. Strs Ohio now owns 27,337 shares of the specialty chemicals company’s stock valued at $1,842,000 after purchasing an additional 21,211 shares in the last quarter. Institutional investors and hedge funds own 96.02% of the company’s stock.

Analyst Ratings Changes

Several research analysts have recently commented on the company. Barclays boosted their target price on International Flavors & Fragrances from $90.00 to $96.00 and gave the stock an “overweight” rating in a report on Friday. Benchmark raised their target price on International Flavors & Fragrances from $100.00 to $105.00 and gave the company a “buy” rating in a research note on Thursday. Jefferies Financial Group lifted their price target on International Flavors & Fragrances from $97.00 to $105.00 in a report on Thursday, May 7th. JPMorgan Chase & Co. raised their price objective on shares of International Flavors & Fragrances from $90.00 to $92.00 and gave the company an “overweight” rating in a research report on Thursday, May 7th. Finally, BNP Paribas Exane upped their price objective on International Flavors & Fragrances from $85.00 to $95.00 in a report on Thursday, May 7th. Thirteen investment analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $92.16.

Trending Headlines about International Flavors & Fragrances

Here are the key news stories impacting International Flavors & Fragrances this week:

• Positive Sentiment: Barclays raised its price target from $90 to $96 and upgraded its stance to “overweight,” implying approximately 12% upside from the reference price. The move signals improving confidence in IFF’s earnings outlook and restructuring efforts. Benzinga analyst update
• Positive Sentiment: Benchmark increased its target from $100 to $105 and maintained a “buy” rating, representing roughly 22% potential upside. This is the most bullish valuation among the recent analyst actions. Benzinga analyst update
• Positive Sentiment: IFF plans to repurchase up to $2.5 billion of its shares, which could support per-share earnings and signal that management views the stock as attractively valued. IFF share buyback report
• Neutral Sentiment: UBS raised its price target from $84 to $91 but retained a “neutral” rating. The higher valuation provides modest upside, while the unchanged rating suggests the firm sees balanced potential and risks. Benzinga analyst update
• Negative Sentiment: Vertical Research downgraded IFF from “buy” to “hold,” despite assigning a $93 price target. The downgrade may limit enthusiasm because it reflects less conviction in near-term upside. Finviz analyst update
• Negative Sentiment: Second-quarter results were mixed to weak: adjusted earnings per share came in at $0.82 versus the $1.07 consensus, while revenue of $1.95 billion missed estimates of $2.62 billion. IFF also lowered its full-year sales outlook, overshadowing modest year-over-year revenue growth. International Flavors Q2 earnings snapshot

International Flavors & Fragrances Stock Up 1.5%

Shares of International Flavors & Fragrances stock opened at $85.80 on Friday. The business has a fifty day simple moving average of $77.77 and a 200 day simple moving average of $75.47. The stock has a market cap of $21.89 billion, a PE ratio of 78.72, a price-to-earnings-growth ratio of 2.50 and a beta of 0.93. The company has a quick ratio of 0.87, a current ratio of 2.06 and a debt-to-equity ratio of 0.34. International Flavors & Fragrances Inc. has a 12 month low of $59.14 and a 12 month high of $89.32.

International Flavors & Fragrances (NYSE:IFF) last issued its earnings results on Tuesday, August 4th. The specialty chemicals company reported $0.82 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.07 by ($0.25). The company had revenue of $1.95 billion for the quarter, compared to the consensus estimate of $2.62 billion. International Flavors & Fragrances had a return on equity of 7.11% and a net margin of 2.78%.International Flavors & Fragrances’s quarterly revenue was up 1.8% on a year-over-year basis. During the same quarter last year, the business posted $1.15 EPS. Research analysts predict that International Flavors & Fragrances Inc. will post 3.85 EPS for the current year.

International Flavors & Fragrances Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, October 9th. Shareholders of record on Friday, September 18th will be paid a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a yield of 1.9%. The ex-dividend date of this dividend is Friday, September 18th. International Flavors & Fragrances’s payout ratio is presently 146.79%.

International Flavors & Fragrances announced that its board has approved a stock buyback plan on Tuesday, August 4th that permits the company to repurchase $2.50 billion in outstanding shares. This repurchase authorization permits the specialty chemicals company to buy up to 12.1% of its stock through open market purchases. Stock repurchase plans are often a sign that the company’s board believes its stock is undervalued.

Insider Activity

In other International Flavors & Fragrances news, EVP Michael Deveau sold 8,825 shares of the stock in a transaction dated Thursday, August 6th. The stock was sold at an average price of $85.55, for a total value of $754,978.75. Following the completion of the sale, the executive vice president directly owned 5,199 shares in the company, valued at $444,774.45. This represents a 62.93% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Paul J. Fribourg acquired 260,000 shares of the business’s stock in a transaction dated Monday, June 1st. The shares were acquired at an average price of $74.28 per share, for a total transaction of $19,312,800.00. Following the acquisition, the director directly owned 2,682,730 shares in the company, valued at $199,273,184.40. This represents a 10.73% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. 1.07% of the stock is owned by corporate insiders.

About International Flavors & Fragrances

International Flavors & Fragrances Inc (NYSE:IFF) is a global leader in the creation and production of flavors, fragrances, cosmetic actives and nutritional lipids. The company develops taste and scent solutions for a wide array of end markets including food and beverage, personal care, household goods and pharmaceutical products. Its portfolio spans natural and nature-identical flavors, fine fragrances, functional ingredients for skin and hair care, and specialty oils that enhance nutritional value and sensory appeal.

IFF’s research and development network comprises innovation centers in North America, Europe, Asia-Pacific and Latin America, where multidisciplinary teams collaborate on aroma chemistry, sensory science and biotechnology.