ProShare Advisors LLC Boosts Stock Position in International Flavors & Fragrances Inc. $IFF

ProShare Advisors LLC increased its stake in International Flavors & Fragrances Inc. (NYSE:IFF) by 12.1% in the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 53,951 shares of the specialty chemicals company’s stock after acquiring an additional 5,824 shares during the quarter. ProShare Advisors LLC’s holdings in International Flavors & Fragrances were worth $3,968,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of the stock. Midwest Trust Co purchased a new position in shares of International Flavors & Fragrances in the second quarter worth about $1,719,000. Connor Clark & Lunn Investment Management Ltd. acquired a new stake in International Flavors & Fragrances in the 2nd quarter valued at about $5,024,000. Mitsubishi UFJ Asset Management Co. Ltd. grew its position in shares of International Flavors & Fragrances by 7.4% in the second quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 612,221 shares of the specialty chemicals company’s stock valued at $45,029,000 after purchasing an additional 42,094 shares in the last quarter. Aviva PLC increased its holdings in shares of International Flavors & Fragrances by 6.5% in the second quarter. Aviva PLC now owns 190,234 shares of the specialty chemicals company’s stock valued at $13,992,000 after purchasing an additional 11,541 shares during the last quarter. Finally, AGF Management Ltd. lifted its position in International Flavors & Fragrances by 17.0% during the second quarter. AGF Management Ltd. now owns 39,614 shares of the specialty chemicals company’s stock worth $2,914,000 after buying an additional 5,754 shares in the last quarter. Institutional investors and hedge funds own 96.02% of the company’s stock.

International Flavors & Fragrances Price Performance

Shares of NYSE IFF opened at $65.88 on Friday. The stock’s 50-day moving average is $63.22 and its two-hundred day moving average is $69.82. 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 cap of $16.87 billion, a price-to-earnings ratio of -42.50, a price-to-earnings-growth ratio of 2.54 and a beta of 1.04. International Flavors & Fragrances Inc. has a 1-year low of $59.14 and a 1-year high of $91.65.

International Flavors & Fragrances (NYSE:IFF) last posted its quarterly earnings results on Tuesday, November 4th. The specialty chemicals company reported $1.05 EPS for the quarter, topping the consensus estimate of $1.02 by $0.03. 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 $2.69 billion during the quarter, compared to analysts’ expectations of $2.65 billion. During the same quarter in the previous year, the business posted $1.04 EPS. The firm’s revenue was down 7.9% on a year-over-year basis. International Flavors & Fragrances has set its FY 2025 guidance at EPS. Analysts forecast that International Flavors & Fragrances Inc. will post 4.32 EPS for the current fiscal year.

International Flavors & Fragrances Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, January 9th. Shareholders of record on Friday, December 19th will be paid a $0.40 dividend. The ex-dividend date is Friday, December 19th. This represents a $1.60 dividend on an annualized basis and a yield of 2.4%. International Flavors & Fragrances’s payout ratio is currently -98.77%.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on IFF shares. Tigress Financial reiterated a “buy” rating and issued a $105.00 target price on shares of International Flavors & Fragrances in a report on Tuesday, August 26th. Berenberg Bank decreased their price objective on International Flavors & Fragrances from $78.80 to $78.30 and set a “hold” rating on the stock in a report on Monday, September 29th. Weiss Ratings reissued a “sell (d)” rating on shares of International Flavors & Fragrances in a research note on Friday, October 31st. Wells Fargo & Company lowered their price target on International Flavors & Fragrances from $90.00 to $85.00 and set an “overweight” rating for the company in a report on Thursday, August 7th. Finally, UBS Group boosted their price objective on shares of International Flavors & Fragrances from $66.00 to $68.00 and gave the company a “neutral” rating in a report on Thursday, November 6th. Twelve 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. Based on data from 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.