National Pension Service Boosts Position in International Flavors & Fragrances Inc. $IFF

National Pension Service increased its holdings in International Flavors & Fragrances Inc. (NYSE:IFF) by 0.6% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 445,594 shares of the specialty chemicals company’s stock after acquiring an additional 2,772 shares during the quarter. National Pension Service owned about 0.17% of International Flavors & Fragrances worth $32,773,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also added to or reduced their stakes in the stock. First Eagle Investment Management LLC lifted its position in shares of International Flavors & Fragrances by 122.1% in the 2nd quarter. First Eagle Investment Management LLC now owns 5,441,094 shares of the specialty chemicals company’s stock worth $400,192,000 after purchasing an additional 2,991,405 shares during the period. Dodge & Cox increased its position in shares of International Flavors & Fragrances by 7.4% during the first quarter. Dodge & Cox now owns 33,774,607 shares of the specialty chemicals company’s stock valued at $2,621,247,000 after buying an additional 2,336,844 shares during the period. Nuveen LLC bought a new position in International Flavors & Fragrances in the first quarter worth about $57,324,000. Invesco Ltd. boosted its position in International Flavors & Fragrances by 15.3% during the 1st quarter. Invesco Ltd. now owns 2,992,437 shares of the specialty chemicals company’s stock valued at $232,243,000 after acquiring an additional 397,327 shares in the last quarter. Finally, Alyeska Investment Group L.P. grew its holdings in shares of International Flavors & Fragrances by 63.5% during the 1st quarter. Alyeska Investment Group L.P. now owns 929,069 shares of the specialty chemicals company’s stock worth $72,105,000 after acquiring an additional 360,870 shares during the period. 96.02% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on the company. Wolfe Research upgraded International Flavors & Fragrances from an “underperform” rating to a “peer perform” rating in a research note on Monday, September 8th. BNP Paribas Exane decreased their price objective on International Flavors & Fragrances from $96.00 to $92.00 and set an “outperform” rating for the company in a report on Thursday, September 11th. BNP Paribas dropped their target price on shares of International Flavors & Fragrances from $92.00 to $91.00 in a report on Monday, September 29th. Barclays upped their target price on shares of International Flavors & Fragrances from $72.00 to $75.00 and gave the stock an “overweight” rating in a research report on Friday, November 7th. Finally, Wells Fargo & Company lowered their price target on shares of International Flavors & Fragrances from $90.00 to $85.00 and set an “overweight” rating for the company in a research report on Thursday, August 7th. Twelve equities research analysts have rated the stock with a Buy rating, four have given a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $85.02.

International Flavors & Fragrances Stock Performance

Shares of IFF stock opened at $65.88 on Friday. The company has a market capitalization of $16.87 billion, a price-to-earnings ratio of -42.50, a price-to-earnings-growth ratio of 2.54 and a beta of 1.04. The company has a debt-to-equity ratio of 0.39, a quick ratio of 1.12 and a current ratio of 1.86. International Flavors & Fragrances Inc. has a one year low of $59.14 and a one year high of $91.65. The company’s 50-day moving average is $63.22 and its 200 day moving average is $69.82.

International Flavors & Fragrances (NYSE:IFF) last issued its earnings results on Tuesday, November 4th. The specialty chemicals company reported $1.05 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.02 by $0.03. International Flavors & Fragrances had a negative net margin of 3.48% and a positive return on equity of 7.95%. The firm had revenue of $2.69 billion for the quarter, compared to the consensus estimate of $2.65 billion. During the same quarter in the prior year, the firm posted $1.04 earnings per share. The business’s revenue was down 7.9% on a year-over-year basis. International Flavors & Fragrances has set its FY 2025 guidance at EPS. Sell-side analysts expect that International Flavors & Fragrances Inc. will post 4.32 EPS for the current fiscal year.

International Flavors & Fragrances Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, January 9th. Shareholders of record on Friday, December 19th will be paid a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a yield of 2.4%. The ex-dividend date is Friday, December 19th. International Flavors & Fragrances’s dividend payout ratio (DPR) is currently -98.77%.

International Flavors & Fragrances 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.