Gamco Investors INC. ET AL Sells 3,090 Shares of International Flavors & Fragrances Inc. $IFF

Gamco Investors INC. ET AL cut its holdings in International Flavors & Fragrances Inc. (NYSE:IFF) by 3.0% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 98,817 shares of the specialty chemicals company’s stock after selling 3,090 shares during the quarter. Gamco Investors INC. ET AL’s holdings in International Flavors & Fragrances were worth $7,669,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also modified their holdings of the business. Freemont Capital Pte Ltd bought a new position in shares of International Flavors & Fragrances during the fourth quarter valued at $2,143,882,000. Dodge & Cox raised its position in International Flavors & Fragrances by 7.4% in the 1st quarter. Dodge & Cox now owns 33,774,607 shares of the specialty chemicals company’s stock worth $2,621,247,000 after buying an additional 2,336,844 shares during the last quarter. Nuveen LLC bought a new position in International Flavors & Fragrances during the 1st quarter valued at about $57,324,000. Northern Trust Corp lifted its stake in International Flavors & Fragrances by 19.9% during the 4th quarter. Northern Trust Corp now owns 3,407,262 shares of the specialty chemicals company’s stock valued at $288,084,000 after acquiring an additional 565,769 shares during the period. Finally, GAMMA Investing LLC boosted its holdings in shares of International Flavors & Fragrances by 6,831.5% during the 1st quarter. GAMMA Investing LLC now owns 556,464 shares of the specialty chemicals company’s stock valued at $431,870,000 after acquiring an additional 548,436 shares during the last quarter. Institutional investors own 96.02% of the company’s stock.

Analyst Upgrades and Downgrades

IFF has been the subject of several research reports. Wells Fargo & Company decreased their price objective on shares of International Flavors & Fragrances from $90.00 to $85.00 and set an “overweight” rating for the company in a report on Thursday, August 7th. Barclays decreased their target price on shares of International Flavors & Fragrances from $84.00 to $78.00 and set an “overweight” rating for the company in a research note on Friday, August 8th. UBS Group dropped their price target on International Flavors & Fragrances from $83.00 to $79.00 and set a “neutral” rating on the stock in a research note on Wednesday, August 6th. Tigress Financial reiterated a “buy” rating and set a $105.00 price objective on shares of International Flavors & Fragrances in a research report on Tuesday. Finally, Citigroup increased their target price on International Flavors & Fragrances from $84.00 to $90.00 and gave the company a “buy” rating in a report on Thursday, May 8th. Twelve research analysts have rated the stock with a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $92.36.

Insiders Place Their Bets

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

International Flavors & Fragrances Stock Up 0.1%

IFF stock opened at $66.80 on Thursday. The business’s 50-day moving average price is $71.81 and its 200-day moving average price is $75.57. The stock has a market cap of $17.12 billion, a P/E ratio of -43.09, a PEG ratio of 2.89 and a beta of 1.04. The company has a quick ratio of 1.12, a current ratio of 1.86 and a debt-to-equity ratio of 0.39. International Flavors & Fragrances Inc. has a twelve month low of $62.33 and a twelve month high of $106.77.

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 negative net margin of 3.48% and a positive return on equity of 7.95%. The company had revenue of $2.76 billion during the quarter, compared to analyst estimates of $2.69 billion. During the same period in the prior year, the firm posted $1.16 EPS. The firm’s quarterly revenue was down 4.3% compared to the same quarter last year. International Flavors & Fragrances has set its FY 2025 guidance at EPS. On average, equities research analysts forecast that International Flavors & Fragrances Inc. will post 4.32 EPS for the current year.

International Flavors & Fragrances Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, October 10th. Stockholders of record on Monday, September 29th will be given a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a dividend yield of 2.4%. The ex-dividend date is Monday, September 29th. International Flavors & Fragrances’s dividend payout ratio (DPR) is presently -103.23%.

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.