Easterly Investment Partners LLC cut its holdings in International Flavors & Fragrances Inc. (NYSE:IFF – Free Report) by 61.5% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 38,801 shares of the specialty chemicals company’s stock after selling 61,988 shares during the quarter. Easterly Investment Partners LLC’s holdings in International Flavors & Fragrances were worth $2,615,000 at the end of the most recent quarter.
Other large investors have also modified their holdings of the company. Tran Capital Management L.P. acquired a new stake in shares of International Flavors & Fragrances in the fourth quarter valued at approximately $21,924,000. JPMorgan Chase & Co. grew its position in shares of International Flavors & Fragrances by 28.8% in the third quarter. JPMorgan Chase & Co. now owns 1,098,575 shares of the specialty chemicals company’s stock valued at $67,612,000 after purchasing an additional 245,719 shares during the last quarter. Dodge & Cox grew its position in shares of International Flavors & Fragrances by 5.5% in the third quarter. Dodge & Cox now owns 36,972,638 shares of the specialty chemicals company’s stock valued at $2,275,296,000 after purchasing an additional 1,925,251 shares during the last quarter. Icahn Carl C grew its position in shares of International Flavors & Fragrances by 26.7% in the third quarter. Icahn Carl C now owns 4,750,000 shares of the specialty chemicals company’s stock valued at $292,315,000 after purchasing an additional 1,000,000 shares during the last quarter. Finally, AIA Group Ltd acquired a new stake in shares of International Flavors & Fragrances in the third quarter valued at approximately $1,056,000. 96.02% of the stock is currently owned by institutional investors and hedge funds.
International Flavors & Fragrances Stock Performance
NYSE:IFF opened at $76.01 on Monday. The company has a quick ratio of 0.87, a current ratio of 1.49 and a debt-to-equity ratio of 0.33. The company has a market cap of $19.41 billion, a P/E ratio of 23.25, a P/E/G ratio of 1.67 and a beta of 0.94. International Flavors & Fragrances Inc. has a fifty-two week low of $59.14 and a fifty-two week high of $84.45. The firm’s 50 day moving average is $73.20 and its two-hundred day moving average is $71.76.
International Flavors & Fragrances Dividend Announcement
The business also recently declared a quarterly dividend, which will be paid on Friday, July 10th. Shareholders of record on Thursday, June 18th will be paid a dividend of $0.40 per share. The ex-dividend date of this dividend is Thursday, June 18th. This represents a $1.60 dividend on an annualized basis and a yield of 2.1%. International Flavors & Fragrances’s dividend payout ratio (DPR) is currently 48.93%.
Analyst Ratings Changes
Several analysts have recently commented on IFF shares. Berenberg Bank increased their price target on shares of International Flavors & Fragrances from $83.00 to $84.80 and gave the company a “hold” rating in a research report on Thursday, May 7th. Deutsche Bank Aktiengesellschaft raised their target price on shares of International Flavors & Fragrances from $75.00 to $95.00 and gave the stock a “buy” rating in a research report on Tuesday, February 17th. Oppenheimer raised their target price on shares of International Flavors & Fragrances from $88.00 to $90.00 and gave the stock an “outperform” rating in a research report on Thursday, May 7th. Wells Fargo & Company raised their target price on shares of International Flavors & Fragrances from $85.00 to $100.00 and gave the stock an “overweight” rating in a research report on Friday, February 13th. Finally, UBS Group raised their target price on shares of International Flavors & Fragrances from $75.00 to $86.00 in a research report on Thursday, May 7th. Twelve research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $90.80.
Check Out Our Latest Analysis on International Flavors & Fragrances
Insiders Place Their Bets
In related news, Director Paul J. Fribourg purchased 142,000 shares of the business’s stock in a transaction on Thursday, March 12th. The shares were bought at an average price of $70.13 per share, with a total value of $9,958,460.00. Following the completion of the purchase, the director directly owned 2,422,730 shares in the company, valued at approximately $169,906,054.90. This trade represents a 6.23% increase in their position. The acquisition was disclosed in a filing with the SEC, which is available at this hyperlink. 1.07% of the stock is currently owned by corporate insiders.
Key Headlines Impacting International Flavors & Fragrances
Here are the key news stories impacting International Flavors & Fragrances this week:
- Positive Sentiment: IFF said the Food Ingredients sale to CVC is valued at roughly $4.3 billion, or about 10x EBITDA, which could help strengthen the balance sheet and support a more focused business mix. IFF Enters Into Agreement to Sell Its Food Ingredients Business to CVC
- Positive Sentiment: The company also backed its annual sales outlook, which may reassure investors that the divestiture is part of a broader profitability strategy rather than a sign of weakening demand. IFF To Sell Food Ingredients Business For $4.3 Bln, Backs Annual Sales Outlook; Pre-Market Stock Up
- Neutral Sentiment: LMR by IFF opened a new experimental field in Grasse, France, highlighting ongoing investment in natural ingredients and perfumery research, but this is unlikely to have an immediate stock-moving impact. LMR by IFF Inaugurates New Experimental Field in Grasse
- Negative Sentiment: Some investors may worry that selling the Food Ingredients unit reduces IFF’s scale and removes a key revenue contributor, even if the move improves profitability over time. International Flavors and Fragrances nears $4 billion deal to sell food ingredients business, WSJ reports
International Flavors & Fragrances Profile
International Flavors & Fragrances Inc (NYSE:IFF) is a global leader in the creation and production of flavors, fragrances, cosmetic actives and nutritional lipids. The company develops taste and scent solutions for a wide array of end markets including food and beverage, personal care, household goods and pharmaceutical products. Its portfolio spans natural and nature-identical flavors, fine fragrances, functional ingredients for skin and hair care, and specialty oils that enhance nutritional value and sensory appeal.
IFF’s research and development network comprises innovation centers in North America, Europe, Asia-Pacific and Latin America, where multidisciplinary teams collaborate on aroma chemistry, sensory science and biotechnology.
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