XTX Topco Ltd Trims Stock Position in International Flavors & Fragrances Inc. $IFF

XTX Topco Ltd trimmed its holdings in shares of International Flavors & Fragrances Inc. (NYSE:IFF) by 12.7% in the second quarter, HoldingsChannel reports. The firm owned 13,337 shares of the specialty chemicals company’s stock after selling 1,945 shares during the period. XTX Topco Ltd’s holdings in International Flavors & Fragrances were worth $981,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of IFF. Banque Transatlantique SA purchased a new position in International Flavors & Fragrances during the first quarter worth $32,000. American National Bank & Trust boosted its stake in shares of International Flavors & Fragrances by 11,975.0% during the second quarter. American National Bank & Trust now owns 483 shares of the specialty chemicals company’s stock valued at $36,000 after acquiring an additional 479 shares during the last quarter. Zions Bancorporation National Association UT acquired a new position in International Flavors & Fragrances in the 1st quarter valued at about $42,000. Geneos Wealth Management Inc. lifted its holdings in International Flavors & Fragrances by 55.7% in the 1st quarter. Geneos Wealth Management Inc. now owns 587 shares of the specialty chemicals company’s stock valued at $46,000 after purchasing an additional 210 shares in the last quarter. Finally, Eastern Bank boosted its stake in shares of International Flavors & Fragrances by 43.9% during the 2nd quarter. Eastern Bank now owns 633 shares of the specialty chemicals company’s stock worth $47,000 after purchasing an additional 193 shares during the last quarter. Hedge funds and other institutional investors own 96.02% of the company’s stock.

Analysts Set New Price Targets

IFF has been the subject of a number of analyst reports. Citigroup cut their price objective on shares of 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. Oppenheimer downgraded International Flavors & Fragrances from an “outperform” rating to a “market perform” rating in a report on Thursday, August 7th. Barclays increased their price target on International Flavors & Fragrances from $72.00 to $75.00 and gave the stock an “overweight” rating in a research note on Friday, November 7th. Wells Fargo & Company lowered their price objective on International Flavors & Fragrances from $90.00 to $85.00 and set an “overweight” rating for the company in a research report on Thursday, August 7th. Finally, Bank of America dropped their target price on International Flavors & Fragrances from $84.00 to $80.00 and set a “buy” rating for the company in a research note on Tuesday, October 14th. Twelve equities 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.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $85.02.

International Flavors & Fragrances Stock Performance

International Flavors & Fragrances stock opened at $69.48 on Monday. The company has a market cap of $17.79 billion, a price-to-earnings ratio of -44.83, a price-to-earnings-growth ratio of 2.54 and a beta of 1.04. International Flavors & Fragrances Inc. has a 12 month low of $59.14 and a 12 month high of $91.48. 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 stock’s 50-day moving average is $63.77 and its 200-day moving average is $69.07.

International Flavors & Fragrances (NYSE:IFF) last issued 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 business 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 earned $1.04 EPS. The company’s revenue for the quarter was down 7.9% on a year-over-year basis. International Flavors & Fragrances has set its FY 2025 guidance at EPS. Equities analysts anticipate that International Flavors & Fragrances Inc. will post 4.32 earnings per share for the current year.

International Flavors & Fragrances Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, January 9th. Stockholders of record on Friday, December 19th will be paid 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 of this dividend is Friday, December 19th. International Flavors & Fragrances’s dividend payout ratio (DPR) is currently -98.77%.

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.