Cullen Frost Bankers Inc. Has $648,000 Holdings in International Flavors & Fragrances Inc. $IFF

Cullen Frost Bankers Inc. increased its stake in shares of International Flavors & Fragrances Inc. (NYSE:IFF) by 7.1% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 8,804 shares of the specialty chemicals company’s stock after purchasing an additional 587 shares during the period. Cullen Frost Bankers Inc.’s holdings in International Flavors & Fragrances were worth $648,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in IFF. Asset Management One Co. Ltd. lifted its holdings in International Flavors & Fragrances by 4.5% during the first quarter. Asset Management One Co. Ltd. now owns 129,255 shares of the specialty chemicals company’s stock worth $10,031,000 after acquiring an additional 5,624 shares in the last quarter. Hedges Asset Management LLC lifted its holdings in International Flavors & Fragrances by 87.3% during the first quarter. Hedges Asset Management LLC now owns 11,800 shares of the specialty chemicals company’s stock worth $916,000 after acquiring an additional 5,500 shares in the last quarter. Achmea Investment Management B.V. lifted its holdings in International Flavors & Fragrances by 126.1% during the first quarter. Achmea Investment Management B.V. now owns 29,344 shares of the specialty chemicals company’s stock worth $2,277,000 after acquiring an additional 16,368 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. lifted its holdings in International Flavors & Fragrances by 9.9% during the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 30,920 shares of the specialty chemicals company’s stock worth $2,365,000 after acquiring an additional 2,779 shares in the last quarter. Finally, Allspring Global Investments Holdings LLC lifted its holdings in International Flavors & Fragrances by 11.2% during the first quarter. Allspring Global Investments Holdings LLC now owns 84,265 shares of the specialty chemicals company’s stock worth $6,525,000 after acquiring an additional 8,490 shares in the last quarter. 96.02% of the stock is currently owned by institutional investors.

International Flavors & Fragrances Stock Performance

IFF opened at $65.92 on Friday. International Flavors & Fragrances Inc. has a 52-week low of $59.14 and a 52-week high of $103.08. The firm has a market capitalization of $16.89 billion, a PE ratio of -42.53, a PEG ratio of 2.64 and a beta of 1.07. The company has a debt-to-equity ratio of 0.39, a quick ratio of 1.12 and a current ratio of 1.86. The business’s 50-day simple moving average is $64.00 and its 200 day simple moving average is $70.82.

International Flavors & Fragrances (NYSE:IFF) last released 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. International Flavors & Fragrances had a positive return on equity of 7.95% and a negative net margin of 3.48%.The business had revenue of $2.76 billion for the quarter, compared to analyst estimates of $2.69 billion. During the same quarter in the prior year, the company posted $1.16 earnings per share. International Flavors & Fragrances’s revenue was down 4.3% on a year-over-year basis. International Flavors & Fragrances has set its FY 2025 guidance at EPS. As a group, sell-side analysts expect that International Flavors & Fragrances Inc. will post 4.32 earnings per share for the current fiscal year.

International Flavors & Fragrances Dividend Announcement

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

Analysts Set New Price Targets

IFF has been the topic of several recent analyst reports. Wells Fargo & Company reduced their target price on International Flavors & Fragrances from $90.00 to $85.00 and set an “overweight” rating on the stock in a report on Thursday, August 7th. Oppenheimer lowered International Flavors & Fragrances from an “outperform” rating to a “market perform” rating in a report on Thursday, August 7th. Mizuho cut their price target on International Flavors & Fragrances from $85.00 to $75.00 and set an “outperform” rating on the stock in a report on Friday, October 3rd. UBS Group cut their price target on International Flavors & Fragrances from $71.00 to $66.00 and set a “neutral” rating on the stock in a report on Monday, October 6th. Finally, Argus cut their price target on International Flavors & Fragrances from $85.00 to $70.00 and set a “buy” rating on the stock in a report on Tuesday, October 7th. Thirteen investment analysts have rated the stock with a Buy rating, four have assigned a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $86.07.

Insider Activity

In other International Flavors & Fragrances news, CEO J Erik Fyrwald acquired 15,300 shares of the company’s stock in a transaction on Thursday, August 7th. The shares were purchased at an average price of $64.95 per share, for a total transaction of $993,735.00. Following the completion of the purchase, the chief executive officer directly owned 77,370 shares of the company’s stock, valued at approximately $5,025,181.50. This represents a 24.65% increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Paul J. Fribourg acquired 15,450 shares of the company’s stock in a transaction on Thursday, August 7th. The stock was acquired at an average price of $64.80 per share, for a total transaction of $1,001,160.00. Following the purchase, the director directly owned 15,450 shares of the company’s stock, valued at approximately $1,001,160. This trade represents a ? increase in their ownership of the stock. The disclosure for this purchase can be found here. Corporate insiders own 0.20% of the company’s stock.

International Flavors & Fragrances 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.