International Flavors & Fragrances Inc. $IFF Holdings Cut by F m Investments LLC

F m Investments LLC reduced its stake in International Flavors & Fragrances Inc. (NYSE:IFF) by 91.3% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 3,443 shares of the specialty chemicals company’s stock after selling 36,306 shares during the period. F m Investments LLC’s holdings in International Flavors & Fragrances were worth $253,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in IFF. Dodge & Cox boosted its position 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. Vanguard Group Inc. boosted its holdings in shares of International Flavors & Fragrances by 1.6% during the second quarter. Vanguard Group Inc. now owns 30,880,203 shares of the specialty chemicals company’s stock valued at $2,271,239,000 after acquiring an additional 490,163 shares during the period. Geode Capital Management LLC grew its position in shares of International Flavors & Fragrances by 1.9% during the second quarter. Geode Capital Management LLC now owns 6,459,129 shares of the specialty chemicals company’s stock worth $473,036,000 after acquiring an additional 123,520 shares during the last quarter. First Eagle Investment Management LLC increased its holdings in shares of International Flavors & Fragrances by 122.1% in the 2nd quarter. First Eagle Investment Management LLC now owns 5,441,094 shares of the specialty chemicals company’s stock worth $400,192,000 after acquiring an additional 2,991,405 shares during the period. Finally, First Pacific Advisors LP lifted its position in International Flavors & Fragrances by 1.2% in the 2nd quarter. First Pacific Advisors LP now owns 4,111,527 shares of the specialty chemicals company’s stock valued at $302,403,000 after purchasing an additional 49,452 shares during the last quarter. Institutional investors own 96.02% of the company’s stock.

International Flavors & Fragrances Stock Down 0.4%

IFF opened at $69.48 on Friday. 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 company has a market capitalization of $17.79 billion, a PE ratio of -44.83, a P/E/G ratio of 2.54 and a beta of 1.04. The stock’s fifty day moving average is $63.77 and its 200-day moving average is $69.11. International Flavors & Fragrances Inc. has a one year low of $59.14 and a one year high of $91.48.

International Flavors & Fragrances (NYSE:IFF) last released its earnings results on Tuesday, November 4th. The specialty chemicals company reported $1.05 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.02 by $0.03. International Flavors & Fragrances had a positive return on equity of 7.95% and a negative net margin of 3.48%.The firm had revenue of $2.69 billion for the quarter, compared to analyst estimates of $2.65 billion. During the same period in the previous year, the company earned $1.04 earnings per share. International Flavors & Fragrances’s revenue was down 7.9% compared to the same quarter last year. International Flavors & Fragrances has set its FY 2025 guidance at EPS. On average, equities analysts predict that International Flavors & Fragrances Inc. will post 4.32 EPS for the current fiscal year.

International Flavors & Fragrances Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, January 9th. Investors of record on Friday, December 19th will be issued a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a dividend yield of 2.3%. The ex-dividend date is Friday, December 19th. International Flavors & Fragrances’s payout ratio is presently -98.77%.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on the stock. UBS Group raised their price target on shares of International Flavors & Fragrances from $66.00 to $68.00 and gave the company a “neutral” rating in a research note on Thursday, November 6th. Mizuho decreased their price objective on International Flavors & Fragrances from $85.00 to $75.00 and set an “outperform” rating for the company in a report on Friday, October 3rd. Citigroup cut their target price on International Flavors & Fragrances from $82.00 to $75.00 and set a “buy” rating on the stock in a research note on Monday, October 6th. BNP Paribas decreased their price target on International Flavors & Fragrances from $92.00 to $91.00 in a research note on Monday, September 29th. Finally, Weiss Ratings restated a “sell (d-)” rating on shares of International Flavors & Fragrances in a research note on Wednesday. Twelve analysts have rated the stock with a Buy rating, four have given a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $85.02.

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.