Koss Olinger Consulting LLC Lowers Stake in International Flavors & Fragrances Inc. $IFF

Koss Olinger Consulting LLC lowered its position in shares of International Flavors & Fragrances Inc. (NYSE:IFF) by 54.4% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 10,564 shares of the specialty chemicals company’s stock after selling 12,610 shares during the quarter. Koss Olinger Consulting LLC’s holdings in International Flavors & Fragrances were worth $712,000 as of its most recent SEC filing.

Several other large investors have also added to or reduced their stakes in the company. Dodge & Cox lifted its holdings in International Flavors & Fragrances by 5.5% during 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 in the last quarter. Vanguard Group Inc. lifted its holdings in International Flavors & Fragrances by 0.8% during the third quarter. Vanguard Group Inc. now owns 31,133,186 shares of the specialty chemicals company’s stock valued at $1,915,936,000 after purchasing an additional 252,983 shares in the last quarter. State Street Corp lifted its holdings in International Flavors & Fragrances by 0.8% during the third quarter. State Street Corp now owns 10,971,108 shares of the specialty chemicals company’s stock valued at $679,460,000 after purchasing an additional 86,134 shares in the last quarter. First Eagle Investment Management LLC lifted its holdings in shares of International Flavors & Fragrances by 27.5% in the fourth 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 in the last quarter. Finally, Invesco Ltd. lifted its holdings in shares of International Flavors & Fragrances by 131.3% in the third quarter. Invesco Ltd. now owns 7,167,176 shares of the specialty chemicals company’s stock worth $441,068,000 after buying an additional 4,069,075 shares in the last quarter. Hedge funds and other institutional investors own 96.02% of the company’s stock.

Insider Activity at International Flavors & Fragrances

In other International Flavors & Fragrances news, Director Paul J. Fribourg acquired 142,000 shares of the company’s stock in a transaction on Thursday, March 12th. The stock was acquired at an average cost of $70.13 per share, with a total value of $9,958,460.00. Following the purchase, the director directly owned 2,422,730 shares of the company’s stock, valued at approximately $169,906,054.90. This represents a 6.23% increase in their position. The purchase was disclosed in a document filed with the SEC, which is available through this hyperlink. 1.07% of the stock is owned by insiders.

Analysts Set New Price Targets

IFF has been the topic of several research analyst reports. Weiss Ratings raised shares of International Flavors & Fragrances from a “sell (d)” rating to a “hold (c)” rating in a report on Wednesday, May 6th. Wells Fargo & Company boosted their target price on shares of International Flavors & Fragrances from $85.00 to $100.00 and gave the stock an “overweight” rating in a report on Friday, February 13th. UBS Group boosted their target price on shares of International Flavors & Fragrances from $75.00 to $86.00 in a report on Thursday, May 7th. Citigroup boosted their target price on shares of International Flavors & Fragrances from $90.00 to $96.00 and gave the stock a “buy” rating in a report on Thursday, May 7th. Finally, Rothschild & Co Redburn lowered their target price on shares of International Flavors & Fragrances from $74.00 to $71.00 in a report on Friday, May 8th. Twelve analysts have rated the stock with a Buy rating and five have given a Hold rating to the stock. According to MarketBeat, International Flavors & Fragrances has an average rating of “Moderate Buy” and a consensus price target of $90.80.

International Flavors & Fragrances News Roundup

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 Price Performance

IFF stock opened at $76.01 on Friday. International Flavors & Fragrances Inc. has a 52 week low of $59.14 and a 52 week high of $84.45. The firm has a market capitalization of $19.41 billion, a P/E ratio of 23.25, a price-to-earnings-growth ratio of 1.72 and a beta of 0.93. The company has a fifty day simple moving average of $73.20 and a two-hundred day simple moving average of $71.70. The company has a quick ratio of 0.87, a current ratio of 1.49 and a debt-to-equity ratio of 0.33.

International Flavors & Fragrances (NYSE:IFF) last issued its quarterly earnings data on Tuesday, May 5th. The specialty chemicals company reported $1.25 EPS for the quarter, topping analysts’ consensus estimates of $1.08 by $0.17. International Flavors & Fragrances had a net margin of 7.78% and a return on equity of 7.65%. The business had revenue of $2.74 billion during the quarter, compared to analysts’ expectations of $2.64 billion. During the same period last year, the company posted $1.20 EPS. The business’s revenue was down 3.6% on a year-over-year basis. Analysts anticipate that International Flavors & Fragrances Inc. will post 4.55 earnings per share for the current fiscal year.

International Flavors & Fragrances Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, July 10th. Shareholders of record on Thursday, June 18th will be paid a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a dividend yield of 2.1%. The ex-dividend date of this dividend is Thursday, June 18th. International Flavors & Fragrances’s dividend payout ratio (DPR) is presently 48.93%.

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.