Forum Financial Management LP Grows Stake in International Flavors & Fragrances Inc. $IFF

Forum Financial Management LP raised its stake in International Flavors & Fragrances Inc. (NYSE:IFF) by 50.0% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 6,232 shares of the specialty chemicals company’s stock after purchasing an additional 2,078 shares during the quarter. Forum Financial Management LP’s holdings in International Flavors & Fragrances were worth $458,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of the business. Cullen Frost Bankers Inc. increased its position in shares of International Flavors & Fragrances by 7.1% during the second quarter. Cullen Frost Bankers Inc. now owns 8,804 shares of the specialty chemicals company’s stock worth $648,000 after acquiring an additional 587 shares during the last quarter. DekaBank Deutsche Girozentrale increased its position in shares of International Flavors & Fragrances by 1.2% during the second quarter. DekaBank Deutsche Girozentrale now owns 63,744 shares of the specialty chemicals company’s stock worth $4,747,000 after acquiring an additional 740 shares during the last quarter. Chicago Partners Investment Group LLC purchased a new stake in shares of International Flavors & Fragrances during the second quarter worth about $206,000. BKM Wealth Management LLC increased its position in shares of International Flavors & Fragrances by 6.8% during the second quarter. BKM Wealth Management LLC now owns 5,490 shares of the specialty chemicals company’s stock worth $404,000 after acquiring an additional 349 shares during the last quarter. Finally, Chevy Chase Trust Holdings LLC increased its position in shares of International Flavors & Fragrances by 0.8% during the second quarter. Chevy Chase Trust Holdings LLC now owns 135,506 shares of the specialty chemicals company’s stock worth $9,966,000 after acquiring an additional 1,013 shares during the last quarter. 96.02% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on the company. BNP Paribas Exane dropped their target price on International Flavors & Fragrances from $96.00 to $92.00 and set an “outperform” rating on the stock in a research report on Thursday, September 11th. Citigroup lowered their price objective on International Flavors & Fragrances from $82.00 to $75.00 and set a “buy” rating for the company in a report on Monday, October 6th. Berenberg Bank lowered their price objective on International Flavors & Fragrances from $78.80 to $78.30 and set a “hold” rating for the company in a report on Monday, September 29th. Morgan Stanley lowered their price objective on International Flavors & Fragrances from $92.00 to $90.00 and set an “overweight” rating for the company in a report on Monday, September 22nd. Finally, Bank of America lowered their price objective on International Flavors & Fragrances from $84.00 to $80.00 and set a “buy” rating for the company in a report on Tuesday, October 14th. Thirteen analysts have rated the stock with a Buy rating, four have assigned a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $86.07.

International Flavors & Fragrances Stock Up 0.2%

NYSE:IFF opened at $65.92 on Friday. The firm has a market capitalization of $16.89 billion, a PE ratio of -42.53, a price-to-earnings-growth ratio of 2.65 and a beta of 1.07. The stock has a 50 day moving average of $64.00 and a 200-day moving average of $70.85. International Flavors & Fragrances Inc. has a 52 week low of $59.14 and a 52 week high of $103.08. 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 (NYSE:IFF) last posted its earnings results on Tuesday, August 5th. The specialty chemicals company reported $1.15 EPS for the quarter, beating the consensus estimate of $1.11 by $0.04. The company 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 revenue was down 4.3% compared to the same quarter last year. During the same period in the prior year, the company earned $1.16 earnings per share. International Flavors & Fragrances has set its FY 2025 guidance at EPS. Analysts predict that International Flavors & Fragrances Inc. will post 4.32 EPS for the current year.

International Flavors & Fragrances Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, October 10th. Stockholders of record on Monday, September 29th were issued a dividend of $0.40 per share. 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 is -103.23%.

Insider Activity at International Flavors & Fragrances

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

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.