2,862 Shares in International Flavors & Fragrances Inc. $IFF Acquired by OLD National Bancorp IN

OLD National Bancorp IN bought a new position in shares of International Flavors & Fragrances Inc. (NYSE:IFF) in the 2nd quarter, Holdings Channel reports. The fund bought 2,862 shares of the specialty chemicals company’s stock, valued at approximately $210,000.

Several other large investors have also added to or reduced their stakes in the business. 111 Capital acquired a new stake in International Flavors & Fragrances during the second quarter worth approximately $519,000. QRG Capital Management Inc. raised its position in shares of International Flavors & Fragrances by 4.5% during the second quarter. QRG Capital Management Inc. now owns 4,990 shares of the specialty chemicals company’s stock worth $367,000 after purchasing an additional 213 shares during the period. ZWJ Investment Counsel Inc. raised its position in shares of International Flavors & Fragrances by 5.0% during the second quarter. ZWJ Investment Counsel Inc. now owns 320,414 shares of the specialty chemicals company’s stock worth $23,566,000 after purchasing an additional 15,250 shares during the period. Cantor Fitzgerald Investment Advisors L.P. grew its position in International Flavors & Fragrances by 33.6% in the 2nd quarter. Cantor Fitzgerald Investment Advisors L.P. now owns 144,016 shares of the specialty chemicals company’s stock valued at $10,592,000 after purchasing an additional 36,205 shares during the period. Finally, PFG Investments LLC acquired a new stake in International Flavors & Fragrances in the 2nd quarter valued at $233,000. Institutional investors and hedge funds own 96.02% of the company’s stock.

International Flavors & Fragrances Stock Performance

Shares of International Flavors & Fragrances stock opened at $61.28 on Thursday. The business’s fifty day simple moving average is $64.91 and its 200 day simple moving average is $71.87. The firm has a market capitalization of $15.71 billion, a P/E ratio of -39.54, a price-to-earnings-growth ratio of 2.65 and a beta of 1.07. International Flavors & Fragrances Inc. has a 12 month low of $59.89 and a 12 month high of $106.77. 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 issued its quarterly earnings results on Tuesday, August 5th. The specialty chemicals company reported $1.15 EPS for the quarter, topping analysts’ consensus estimates of $1.11 by $0.04. The business had revenue of $2.76 billion for 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%.International Flavors & Fragrances’s quarterly revenue was down 4.3% compared to the same quarter last year. During the same period last year, the company posted $1.16 earnings per share. International Flavors & Fragrances has set its FY 2025 guidance at EPS. As a group, analysts anticipate that International Flavors & Fragrances Inc. will post 4.32 EPS for the current year.

International Flavors & Fragrances Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, October 10th. Investors of record on Monday, September 29th will be issued a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a yield of 2.6%. The ex-dividend date is Monday, September 29th. International Flavors & Fragrances’s dividend payout ratio (DPR) is -103.23%.

Insiders Place Their Bets

In other International Flavors & Fragrances news, Director Paul J. Fribourg purchased 15,450 shares of the company’s stock in a transaction that occurred on Thursday, August 7th. The shares were acquired at an average cost of $64.80 per share, for a total transaction of $1,001,160.00. Following the completion of the acquisition, the director owned 15,450 shares of the company’s stock, valued at $1,001,160. The trade was a ∞ increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO J Erik Fyrwald purchased 15,300 shares of the company’s stock in a transaction that occurred on Thursday, August 7th. The shares were acquired at an average price of $64.95 per share, for a total transaction of $993,735.00. Following the completion of the acquisition, 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 position. The disclosure for this purchase can be found here. Company insiders own 0.20% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts recently issued reports on the stock. Barclays reduced their price target on shares of International Flavors & Fragrances from $84.00 to $78.00 and set an “overweight” rating for the company in a research report on Friday, August 8th. Mizuho reduced their price target on shares of International Flavors & Fragrances from $85.00 to $75.00 and set an “outperform” rating for the company in a research report on Friday, October 3rd. Weiss Ratings reissued a “sell (d+)” rating on shares of International Flavors & Fragrances in a research report on Wednesday. Citigroup dropped their target price on International Flavors & Fragrances from $82.00 to $75.00 and set a “buy” rating on the stock in a report on Monday. Finally, Tigress Financial restated a “buy” rating and issued a $105.00 target price on shares of International Flavors & Fragrances in a report on Tuesday, August 26th. Thirteen equities research analysts have rated the stock with a Buy rating, four have issued a Hold rating and two have given a Sell rating to the company. According to MarketBeat, International Flavors & Fragrances has an average rating of “Moderate Buy” and a consensus target price of $87.57.

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.