Leeward Investments LLC MA Sells 2,290 Shares of International Flavors & Fragrances Inc. $IFF

Leeward Investments LLC MA decreased its holdings in shares of International Flavors & Fragrances Inc. (NYSE:IFF) by 2.4% in the second quarter, Holdings Channel.com reports. The firm owned 91,790 shares of the specialty chemicals company’s stock after selling 2,290 shares during the period. Leeward Investments LLC MA’s holdings in International Flavors & Fragrances were worth $6,751,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in IFF. Achmea Investment Management B.V. raised its position in shares of International Flavors & Fragrances by 126.1% in the 1st quarter. Achmea Investment Management B.V. now owns 29,344 shares of the specialty chemicals company’s stock worth $2,277,000 after purchasing an additional 16,368 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. raised its position in shares of International Flavors & Fragrances by 9.9% in the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 30,920 shares of the specialty chemicals company’s stock worth $2,365,000 after purchasing an additional 2,779 shares during the last quarter. Allspring Global Investments Holdings LLC raised its position in shares of International Flavors & Fragrances by 11.2% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 84,265 shares of the specialty chemicals company’s stock worth $6,525,000 after purchasing an additional 8,490 shares during the last quarter. KBC Group NV raised its position in shares of International Flavors & Fragrances by 23.6% in the 1st quarter. KBC Group NV now owns 26,546 shares of the specialty chemicals company’s stock worth $2,060,000 after purchasing an additional 5,062 shares during the last quarter. Finally, Amalgamated Bank raised its position in shares of International Flavors & Fragrances by 1.5% in the 1st quarter. Amalgamated Bank now owns 50,078 shares of the specialty chemicals company’s stock worth $3,887,000 after purchasing an additional 762 shares during the last quarter. Institutional investors own 96.02% of the company’s stock.

Analyst Ratings Changes

Several research firms have recently issued reports on IFF. Argus lowered their price target 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. Morgan Stanley decreased their target price on International Flavors & Fragrances from $92.00 to $90.00 and set an “overweight” rating for the company in a research report on Monday, September 22nd. Tigress Financial reissued a “buy” rating and issued a $105.00 target price on shares of International Flavors & Fragrances in a research report on Tuesday, August 26th. UBS Group decreased their target price on International Flavors & Fragrances from $71.00 to $66.00 and set a “neutral” rating for the company in a research report on Monday, October 6th. Finally, BNP Paribas decreased their target price on International Flavors & Fragrances from $92.00 to $91.00 in a research report on Monday, September 29th. Thirteen equities research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $86.07.

International Flavors & Fragrances Trading Up 0.2%

International Flavors & Fragrances stock opened at $65.92 on Monday. The business has a 50-day simple moving average of $64.00 and a two-hundred day simple moving average of $70.84. The company has a market cap of $16.89 billion, a P/E ratio of -42.53, a P/E/G ratio of 2.65 and a beta of 1.07. International Flavors & Fragrances Inc. has a 52-week low of $59.14 and a 52-week high of $103.08. 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 (NYSE:IFF) last released its quarterly earnings results on Tuesday, August 5th. The specialty chemicals company reported $1.15 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.11 by $0.04. The business had revenue of $2.76 billion during the quarter, compared to the consensus estimate 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 quarterly revenue was down 4.3% compared to the same quarter last year. During the same period in the previous year, the company posted $1.16 EPS. 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 company also recently declared a quarterly dividend, which was paid on Friday, October 10th. Shareholders of record on Monday, September 29th were paid 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 payout ratio is currently -103.23%.

Insider Buying and Selling

In related news, Director Paul J. Fribourg acquired 15,450 shares of the business’s stock in a transaction that occurred on Thursday, August 7th. The stock was bought at an average cost of $64.80 per share, for a total transaction of $1,001,160.00. Following the purchase, the director owned 15,450 shares in the company, valued at $1,001,160. The trade was a ∞ increase in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, CEO J Erik Fyrwald acquired 15,300 shares of the business’s stock in a transaction that occurred on Thursday, August 7th. The shares were bought at an average price of $64.95 per share, with a total value of $993,735.00. Following the completion of the purchase, the chief executive officer owned 77,370 shares in the company, 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. Insiders own 0.17% of the company’s stock.

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.