International Flavors & Fragrances Inc. $IFF Shares Bought by KLP Kapitalforvaltning AS

KLP Kapitalforvaltning AS raised its holdings in International Flavors & Fragrances Inc. (NYSE:IFF) by 1.8% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 88,377 shares of the specialty chemicals company’s stock after purchasing an additional 1,600 shares during the quarter. KLP Kapitalforvaltning AS’s holdings in International Flavors & Fragrances were worth $6,530,000 as of its most recent filing with the SEC.

Several other institutional investors have also recently added to or reduced their stakes in the stock. Horizon Investments LLC increased its holdings in shares of International Flavors & Fragrances by 4.9% in the first quarter. Horizon Investments LLC now owns 3,671 shares of the specialty chemicals company’s stock valued at $285,000 after purchasing an additional 172 shares during the period. UMB Bank n.a. increased its stake in International Flavors & Fragrances by 17.3% in the 2nd quarter. UMB Bank n.a. now owns 1,290 shares of the specialty chemicals company’s stock valued at $95,000 after buying an additional 190 shares during the period. GM Advisory Group LLC increased its stake in International Flavors & Fragrances by 2.6% in the 1st quarter. GM Advisory Group LLC now owns 7,952 shares of the specialty chemicals company’s stock valued at $617,000 after buying an additional 202 shares during the period. Byrne Asset Management LLC increased its stake in International Flavors & Fragrances by 3.3% in the 1st quarter. Byrne Asset Management LLC now owns 6,637 shares of the specialty chemicals company’s stock valued at $515,000 after buying an additional 210 shares during the period. Finally, Geneos Wealth Management Inc. increased its stake 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 buying an additional 210 shares during the period. Institutional investors and hedge funds own 96.02% of the company’s stock.

Insiders Place Their Bets

In related news, CEO J Erik Fyrwald bought 15,300 shares of the stock in a transaction on Thursday, August 7th. The shares were purchased at an average price of $64.95 per share, for a total transaction of $993,735.00. Following the acquisition, the chief executive officer owned 77,370 shares in the company, valued at $5,025,181.50. This represents a 24.65% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director Paul J. Fribourg acquired 15,450 shares of the firm’s stock in a transaction that occurred on Thursday, August 7th. The shares were 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 of the company’s stock, valued at approximately $1,001,160. The trade was a ? increase in their ownership of the stock. The disclosure for this purchase can be found here. 0.20% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

IFF has been the topic of a number of recent analyst reports. Barclays dropped their price target on shares of International Flavors & Fragrances from $84.00 to $78.00 and set an “overweight” rating on the stock in a research note on Friday, August 8th. Citigroup dropped their target price on International Flavors & Fragrances from $82.00 to $75.00 and set a “buy” rating on the stock in a research report on Monday, October 6th. Morgan Stanley dropped their price objective on International Flavors & Fragrances from $92.00 to $90.00 and set an “overweight” rating on the stock in a report on Monday, September 22nd. Berenberg Bank dropped 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. Finally, Wolfe Research raised International Flavors & Fragrances from an “underperform” rating to a “peer perform” rating in a report on Monday, September 8th. Thirteen analysts have rated the stock with a Buy rating, four have given a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $87.57.

International Flavors & Fragrances Stock Down 0.9%

International Flavors & Fragrances stock opened at $59.59 on Friday. The company has a debt-to-equity ratio of 0.39, a quick ratio of 1.12 and a current ratio of 1.86. The firm has a market capitalization of $15.27 billion, a price-to-earnings ratio of -38.45, a price-to-earnings-growth ratio of 2.61 and a beta of 1.07. International Flavors & Fragrances Inc. has a fifty-two week low of $59.14 and a fifty-two week high of $106.77. The stock’s fifty day moving average is $64.49 and its two-hundred day moving average is $71.63.

International Flavors & Fragrances (NYSE:IFF) last posted its earnings results on Tuesday, August 5th. The specialty chemicals company reported $1.15 earnings per share for the quarter, beating the consensus estimate of $1.11 by $0.04. The company had revenue of $2.76 billion for the quarter, compared to analyst estimates of $2.69 billion. International Flavors & Fragrances had a positive return on equity of 7.95% and a negative net margin of 3.48%.International Flavors & Fragrances’s revenue was down 4.3% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.16 earnings per share. 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 fiscal year.

International Flavors & Fragrances Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, October 10th. Shareholders of record on Monday, September 29th were issued a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a yield of 2.7%. The ex-dividend date was Monday, September 29th. International Flavors & Fragrances’s dividend payout ratio is -103.23%.

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.