63,928 Shares of International Flavors & Fragrances Inc. $IFF Acquired by Mirae Asset Global Investments Co. Ltd.

Mirae Asset Global Investments Co. Ltd. purchased a new position in shares of International Flavors & Fragrances Inc. (NYSE:IFF) during the third quarter, HoldingsChannel reports. The fund purchased 63,928 shares of the specialty chemicals company’s stock, valued at approximately $5,337,000.

A number of other hedge funds have also bought and sold shares of the business. BlackRock Inc. acquired a new stake in International Flavors & Fragrances in the 2nd quarter worth about $1,835,955,000. Nykredit A S acquired a new position in shares of International Flavors & Fragrances during the 2nd quarter worth approximately $223,065,000. Dimensional Fund Advisors LP grew its position in shares of International Flavors & Fragrances by 8.9% during the 1st quarter. Dimensional Fund Advisors LP now owns 1,809,090 shares of the specialty chemicals company’s stock worth $131,222,000 after purchasing an additional 147,896 shares in the last quarter. Bank of America Corp DE bought a new position in International Flavors & Fragrances during the 2nd quarter worth $131,760,000. Finally, Bank of New York Mellon Corp lifted its position in shares of International Flavors & Fragrances by 0.7% during the 1st quarter. Bank of New York Mellon Corp now owns 1,598,636 shares of the specialty chemicals company’s stock valued at $115,981,000 after acquiring an additional 10,654 shares during the period. 96.02% of the stock is owned by institutional investors.

Analysts Set New Price Targets

IFF has been the topic of a number of recent analyst reports. Benchmark raised their price target on International Flavors & Fragrances from $100.00 to $105.00 and gave the stock a “buy” rating in a research report on Thursday, August 6th. KeyCorp started coverage on shares of International Flavors & Fragrances in a research report on Thursday, September 10th. They set a “sector weight” rating for the company. Wall Street Zen upgraded shares of International Flavors & Fragrances from a “sell” rating to a “hold” rating in a research note on Sunday, October 25th. JPMorgan Chase & Co. raised their target price on shares of International Flavors & Fragrances from $92.00 to $95.00 and gave the company an “overweight” rating in a report on Thursday. Finally, Argus boosted their target price on shares of International Flavors & Fragrances from $85.00 to $95.00 and gave the company a “buy” rating in a research report on Wednesday, October 7th. One research analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and six have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $94.99.

International Flavors & Fragrances Price Performance

Shares of NYSE:IFF opened at $86.54 on Friday. The company has a market cap of $22.08 billion, a price-to-earnings ratio of 121.88, a PEG ratio of 3.76 and a beta of 0.86. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.87 and a quick ratio of 1.72. The firm has a 50 day simple moving average of $87.17 and a 200 day simple moving average of $78.92. International Flavors & Fragrances Inc. has a one year low of $61.72 and a one year high of $95.27.

International Flavors & Fragrances (NYSE:IFF) last posted its earnings results on Tuesday, November 3rd. The specialty chemicals company reported $0.83 earnings per share for the quarter, topping analysts’ consensus estimates of $0.81 by $0.02. The firm had revenue of $1.94 billion for the quarter, compared to analysts’ expectations of $1.91 billion. International Flavors & Fragrances had a net margin of 1.97% and a return on equity of 6.82%. The company’s revenue was up 3.9% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.05 earnings per share. Research analysts predict that International Flavors & Fragrances Inc. will post 3.24 earnings per share for the current fiscal year.

International Flavors & Fragrances Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 13th. Investors of record on Saturday, December 19th will be issued a dividend of $0.40 per share. The ex-dividend date of this dividend is Friday, December 18th. This represents a $1.60 annualized dividend and a dividend yield of 1.8%. International Flavors & Fragrances’s dividend payout ratio (DPR) is 225.35%.

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

Key Stories Impacting International Flavors & Fragrances

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

• Positive Sentiment: Three firms raised their price targets: Citigroup lifted its target to $105 and maintained a buy rating; JPMorgan raised its target to $95 and kept an overweight rating; UBS also raised its target to $95, while retaining a neutral rating. Citigroup price target update JPMorgan price target update UBS price target update
• Positive Sentiment: IFF beat Q3 adjusted earnings and revenue estimates, with growth in Taste and Scent. The company also raised its 2026 guidance, providing evidence of business momentum. Q3 earnings and segment strength
• Neutral Sentiment: The analyst target increases point to potential upside from the cited share price, but ratings range from neutral to buy, indicating differing views on the shares.
• Negative Sentiment: Despite the Q3 beat, reports highlighted a cautious Q4 profit outlook and rising costs as risks to near-term earnings. Those concerns may temper the positive impact of the results and annual guidance update. Outlook and cost concerns

Insiders Place Their Bets

In related news, insider De Mendonca Ana Paula Teles sold 5,718 shares of the business’s stock in a transaction on Monday, August 17th. The stock was sold at an average price of $83.19, for a total transaction of $475,680.42. The sale was disclosed in a document filed with the SEC, which is accessible through this link. 1.07% of the stock is owned by corporate insiders.

International Flavors & Fragrances Profile

International Flavors & Fragrances Inc (NYSE:IFF) develops and manufactures ingredients, flavor systems, fragrances and specialty solutions used in consumer and industrial products. Its offerings support food and beverage manufacturers, fragrance and personal care companies, household-product makers, pharmaceutical businesses and other customers.

The company’s portfolio includes flavors for beverages, dairy products, sweet goods, savory foods and other applications; fragrances for fine fragrance, personal care and home care products; and functional ingredients, enzymes, cultures, natural extracts and other specialty materials.