Kornitzer Capital Management Inc. KS Sells 1,590 Shares of International Flavors & Fragrances Inc. $IFF

Kornitzer Capital Management Inc. KS trimmed its stake in shares of International Flavors & Fragrances Inc. (NYSE:IFF) by 2.4% in the second quarter, according to the company in its most recent filing with the SEC. The firm owned 66,045 shares of the specialty chemicals company’s stock after selling 1,590 shares during the quarter. Kornitzer Capital Management Inc. KS’s holdings in International Flavors & Fragrances were worth $4,858,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. Banque Transatlantique SA acquired a new stake in International Flavors & Fragrances in the first quarter valued at about $32,000. American National Bank & Trust boosted its stake in International Flavors & Fragrances by 11,975.0% in the second quarter. American National Bank & Trust now owns 483 shares of the specialty chemicals company’s stock valued at $36,000 after buying an additional 479 shares in the last quarter. Zions Bancorporation National Association UT acquired a new stake in International Flavors & Fragrances in the first quarter valued at about $42,000. Geneos Wealth Management Inc. boosted its stake in International Flavors & Fragrances by 55.7% in the first quarter. Geneos Wealth Management Inc. now owns 587 shares of the specialty chemicals company’s stock valued at $46,000 after buying an additional 210 shares in the last quarter. Finally, Eastern Bank boosted its stake in International Flavors & Fragrances by 43.9% in the second quarter. Eastern Bank now owns 633 shares of the specialty chemicals company’s stock valued at $47,000 after buying an additional 193 shares in the last quarter. 96.02% of the stock is currently owned by institutional investors.

International Flavors & Fragrances Price Performance

Shares of IFF opened at $65.92 on Friday. International Flavors & Fragrances Inc. has a 1 year low of $59.14 and a 1 year high of $103.08. The company has a debt-to-equity ratio of 0.39, a current ratio of 1.86 and a quick ratio of 1.12. The company has a market capitalization of $16.89 billion, a price-to-earnings ratio of -42.53, a price-to-earnings-growth ratio of 2.65 and a beta of 1.07. The business has a 50-day moving average of $64.00 and a 200-day moving average of $70.85.

International Flavors & Fragrances (NYSE:IFF) last issued its quarterly earnings data on Tuesday, August 5th. The specialty chemicals company reported $1.15 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 company had revenue of $2.76 billion during the quarter, compared to the consensus estimate of $2.69 billion. During the same period last year, the company earned $1.16 earnings per share. The firm’s revenue was down 4.3% compared to the same quarter last year. International Flavors & Fragrances has set its FY 2025 guidance at EPS. As a group, equities research analysts anticipate that International Flavors & Fragrances Inc. will post 4.32 earnings per share for the current year.

International Flavors & Fragrances Dividend Announcement

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

Insider Transactions at International Flavors & Fragrances

In other International Flavors & Fragrances news, Director Paul J. Fribourg bought 15,450 shares of the firm’s stock in a transaction that occurred 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 completion of 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 position. The purchase was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO J Erik Fyrwald bought 15,300 shares of the firm’s stock in a transaction that occurred on Thursday, August 7th. The shares were acquired at an average cost of $64.95 per share, with a total value of $993,735.00. Following the purchase, the chief executive officer directly owned 77,370 shares of the company’s stock, valued at $5,025,181.50. This trade represents a 24.65% increase in their ownership of the stock. The disclosure for this purchase can be found here. 0.20% of the stock is owned by company insiders.

Analyst Ratings Changes

IFF has been the topic of several research analyst reports. Wolfe Research raised International Flavors & Fragrances from an “underperform” rating to a “peer perform” rating in a research note on Monday, September 8th. Barclays dropped their target price 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. Citigroup dropped their target price on International Flavors & Fragrances from $82.00 to $75.00 and set a “buy” rating for the company in a research report on Monday, October 6th. Argus dropped their target price on International Flavors & Fragrances from $85.00 to $70.00 and set a “buy” rating for the company in a research report on Tuesday, October 7th. Finally, BNP Paribas dropped their target price on International Flavors & Fragrances from $92.00 to $91.00 in a research report on Monday, September 29th. Thirteen research 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, International Flavors & Fragrances has an average rating of “Moderate Buy” and a consensus target price of $86.07.

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.