Asset Management One Co. Ltd. Sells 4,610 Shares of International Flavors & Fragrances Inc. $IFF

Asset Management One Co. Ltd. decreased its holdings in shares of International Flavors & Fragrances Inc. (NYSE:IFF) by 3.6% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 124,645 shares of the specialty chemicals company’s stock after selling 4,610 shares during the quarter. Asset Management One Co. Ltd.’s holdings in International Flavors & Fragrances were worth $9,168,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in IFF. Dodge & Cox boosted its stake in International Flavors & Fragrances by 7.4% during the 1st quarter. Dodge & Cox now owns 33,774,607 shares of the specialty chemicals company’s stock valued at $2,621,247,000 after purchasing an additional 2,336,844 shares during the period. Nuveen LLC acquired a new position in shares of International Flavors & Fragrances in the 1st quarter worth approximately $57,324,000. Invesco Ltd. increased its holdings in International Flavors & Fragrances by 15.3% during the 1st quarter. Invesco Ltd. now owns 2,992,437 shares of the specialty chemicals company’s stock valued at $232,243,000 after purchasing an additional 397,327 shares in the last quarter. Alyeska Investment Group L.P. increased its holdings in International Flavors & Fragrances by 63.5% during the 1st quarter. Alyeska Investment Group L.P. now owns 929,069 shares of the specialty chemicals company’s stock valued at $72,105,000 after purchasing an additional 360,870 shares in the last quarter. Finally, Leith Wheeler Investment Counsel Ltd. acquired a new stake in International Flavors & Fragrances during the 1st quarter valued at $21,983,000. Institutional investors own 96.02% of the company’s stock.

Insider Activity

In related news, Director Paul J. Fribourg acquired 15,450 shares of the stock in a transaction 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 completion of the acquisition, the director directly owned 15,450 shares of the company’s stock, valued at approximately $1,001,160. This represents a ? increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO J Erik Fyrwald bought 15,300 shares of the stock in a transaction dated Thursday, August 7th. The shares were acquired at an average price of $64.95 per share, with a total value of $993,735.00. Following the completion of the acquisition, the chief executive officer directly owned 77,370 shares of the company’s stock, valued at approximately $5,025,181.50. The trade was a 24.65% increase in their position. The disclosure for this purchase can be found here. Company insiders own 0.17% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on the company. Mizuho dropped their target price on International Flavors & Fragrances from $85.00 to $75.00 and set an “outperform” rating for the company in a research report on Friday, October 3rd. Morgan Stanley reduced 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. Weiss Ratings reissued a “sell (d+)” rating on shares of International Flavors & Fragrances in a research note on Wednesday, October 8th. Oppenheimer cut International Flavors & Fragrances from an “outperform” rating to a “market perform” rating in a research report on Thursday, August 7th. Finally, Barclays reduced their price target on International Flavors & Fragrances from $78.00 to $72.00 and set an “overweight” rating for the company in a research report on Friday, October 10th. Thirteen equities research analysts have rated the stock with a Buy rating, four have issued a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $86.07.

International Flavors & Fragrances Stock Down 0.9%

Shares of NYSE:IFF opened at $65.31 on Tuesday. The company has a current ratio of 1.86, a quick ratio of 1.12 and a debt-to-equity ratio of 0.39. The stock’s 50-day moving average price is $64.00 and its 200-day moving average price is $70.78. The stock has a market capitalization of $16.74 billion, a P/E ratio of -42.14, a price-to-earnings-growth ratio of 2.65 and a beta of 1.07. International Flavors & Fragrances Inc. has a 12-month low of $59.14 and a 12-month high of $103.08.

International Flavors & Fragrances (NYSE:IFF) last posted its earnings results on Tuesday, August 5th. The specialty chemicals company reported $1.15 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.11 by $0.04. The company had revenue of $2.76 billion for the quarter, compared to analysts’ expectations of $2.69 billion. International Flavors & Fragrances had a positive return on equity of 7.95% and a negative net margin of 3.48%.International Flavors & Fragrances’s quarterly revenue was down 4.3% on a year-over-year basis. During the same period last year, the firm earned $1.16 earnings per share. International Flavors & Fragrances has set its FY 2025 guidance at EPS. On average, equities analysts anticipate that International Flavors & Fragrances Inc. will post 4.32 earnings per share for the current year.

International Flavors & Fragrances Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, October 10th. Investors of record on Monday, September 29th were paid a $0.40 dividend. The ex-dividend date of this dividend was Monday, September 29th. This represents a $1.60 annualized dividend and a dividend yield of 2.4%. International Flavors & Fragrances’s dividend payout ratio (DPR) is presently -103.23%.

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.