Michael Deveau Sells 8,825 Shares of International Flavors & Fragrances (NYSE:IFF) Stock

International Flavors & Fragrances Inc. (NYSE:IFF) EVP Michael Deveau sold 8,825 shares of the stock in a transaction on Thursday, August 6th. The stock was sold at an average price of $85.55, for a total transaction of $754,978.75. Following the completion of the sale, the executive vice president owned 5,199 shares in the company, valued at $444,774.45. The trade was a 62.93% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

International Flavors & Fragrances Stock Performance

NYSE IFF traded up $1.25 on Friday, reaching $85.80. 1,420,882 shares of the company’s stock traded hands, compared to its average volume of 1,871,805. International Flavors & Fragrances Inc. has a fifty-two week low of $59.14 and a fifty-two week high of $89.32. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.87 and a current ratio of 2.06. The firm has a market cap of $21.89 billion, a price-to-earnings ratio of 78.72, a P/E/G ratio of 2.27 and a beta of 0.93. The stock has a 50 day moving average price of $77.57 and a 200-day moving average price of $75.40.

International Flavors & Fragrances (NYSE:IFF) last released its quarterly earnings data on Tuesday, August 4th. The specialty chemicals company reported $0.82 earnings per share for the quarter, missing analysts’ consensus estimates of $1.07 by ($0.25). International Flavors & Fragrances had a net margin of 2.78% and a return on equity of 7.11%. The company had revenue of $1.95 billion for the quarter, compared to analysts’ expectations of $2.62 billion. During the same quarter in the previous year, the business posted $1.15 EPS. The business’s quarterly revenue was up 1.8% on a year-over-year basis. Equities research analysts predict that International Flavors & Fragrances Inc. will post 4.42 EPS for the current fiscal year.

International Flavors & Fragrances Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, October 9th. Investors of record on Friday, September 18th will be issued a dividend of $0.40 per share. The ex-dividend date of this dividend is Friday, September 18th. This represents a $1.60 dividend on an annualized basis and a yield of 1.9%. International Flavors & Fragrances’s dividend payout ratio is 146.79%.

International Flavors & Fragrances announced that its board has approved a stock buyback plan on Tuesday, August 4th that permits the company to buyback $2.50 billion in outstanding shares. This buyback authorization permits the specialty chemicals company to buy up to 12.1% of its stock through open market purchases. Stock buyback plans are typically an indication that the company’s board believes its shares are undervalued.

International Flavors & Fragrances News Summary

Here are the key news stories impacting International Flavors & Fragrances this week:

• Positive Sentiment: Barclays raised its price target from $90 to $96 and upgraded its stance to “overweight,” implying approximately 12% upside from the reference price. The move signals improving confidence in IFF’s earnings outlook and restructuring efforts. Benzinga analyst update
• Positive Sentiment: Benchmark increased its target from $100 to $105 and maintained a “buy” rating, representing roughly 22% potential upside. This is the most bullish valuation among the recent analyst actions. Benzinga analyst update
• Positive Sentiment: IFF plans to repurchase up to $2.5 billion of its shares, which could support per-share earnings and signal that management views the stock as attractively valued. IFF share buyback report
• Neutral Sentiment: UBS raised its price target from $84 to $91 but retained a “neutral” rating. The higher valuation provides modest upside, while the unchanged rating suggests the firm sees balanced potential and risks. Benzinga analyst update
• Negative Sentiment: Vertical Research downgraded IFF from “buy” to “hold,” despite assigning a $93 price target. The downgrade may limit enthusiasm because it reflects less conviction in near-term upside. Finviz analyst update
• Negative Sentiment: Second-quarter results were mixed to weak: adjusted earnings per share came in at $0.82 versus the $1.07 consensus, while revenue of $1.95 billion missed estimates of $2.62 billion. IFF also lowered its full-year sales outlook, overshadowing modest year-over-year revenue growth. International Flavors Q2 earnings snapshot

Hedge Funds Weigh In On International Flavors & Fragrances

Several hedge funds and other institutional investors have recently made changes to their positions in IFF. First Eagle Investment Management LLC increased its stake in International Flavors & Fragrances by 27.5% during the 4th quarter. First Eagle Investment Management LLC now owns 8,831,668 shares of the specialty chemicals company’s stock worth $595,166,000 after buying an additional 1,904,598 shares during the period. Swiss Life Asset Management Ltd grew its stake in shares of International Flavors & Fragrances by 117.0% in the fourth quarter. Swiss Life Asset Management Ltd now owns 148,377 shares of the specialty chemicals company’s stock worth $9,999,000 after acquiring an additional 80,014 shares in the last quarter. UBS Group AG grew its stake in shares of International Flavors & Fragrances by 53.5% in the fourth quarter. UBS Group AG now owns 1,695,343 shares of the specialty chemicals company’s stock worth $114,249,000 after acquiring an additional 590,997 shares in the last quarter. Cantor Fitzgerald Investment Advisors L.P. increased its position in shares of International Flavors & Fragrances by 38.1% during the fourth quarter. Cantor Fitzgerald Investment Advisors L.P. now owns 199,302 shares of the specialty chemicals company’s stock worth $13,431,000 after acquiring an additional 54,971 shares during the period. Finally, Strs Ohio increased its holdings in International Flavors & Fragrances by 346.2% during the 4th quarter. Strs Ohio now owns 27,337 shares of the specialty chemicals company’s stock worth $1,842,000 after purchasing an additional 21,211 shares during the period. Hedge funds and other institutional investors own 96.02% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on the stock. BNP Paribas Exane increased their target price on shares of International Flavors & Fragrances from $85.00 to $95.00 in a research note on Thursday, May 7th. Jefferies Financial Group lifted their price target on International Flavors & Fragrances from $97.00 to $105.00 in a research note on Thursday, May 7th. Argus upped their price target on International Flavors & Fragrances from $80.00 to $85.00 and gave the stock a “buy” rating in a report on Tuesday, June 30th. JPMorgan Chase & Co. increased their price target on International Flavors & Fragrances from $90.00 to $92.00 and gave the stock an “overweight” rating in a research report on Thursday, May 7th. Finally, Berenberg Bank upped their target price on International Flavors & Fragrances from $83.00 to $84.80 and gave the stock a “hold” rating in a research note on Thursday, May 7th. Thirteen research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company. Based on data from MarketBeat.com, International Flavors & Fragrances currently has an average rating of “Moderate Buy” and an average price target of $92.16.

About International Flavors & Fragrances

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.