Choreo LLC Sells 1,039 Shares of International Flavors & Fragrances Inc. $IFF

Choreo LLC cut its position in International Flavors & Fragrances Inc. (NYSE:IFF) by 5.0% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 19,758 shares of the specialty chemicals company’s stock after selling 1,039 shares during the period. Choreo LLC’s holdings in International Flavors & Fragrances were worth $1,461,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in the company. Dodge & Cox grew its stake in International Flavors & Fragrances by 7.4% in 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 acquiring an additional 2,336,844 shares during the period. Vanguard Group Inc. lifted its holdings in shares of International Flavors & Fragrances by 1.6% in the 2nd quarter. Vanguard Group Inc. now owns 30,880,203 shares of the specialty chemicals company’s stock worth $2,271,239,000 after purchasing an additional 490,163 shares in the last quarter. Geode Capital Management LLC grew its position in International Flavors & Fragrances by 1.9% in the 2nd quarter. Geode Capital Management LLC now owns 6,459,129 shares of the specialty chemicals company’s stock valued at $473,036,000 after purchasing an additional 123,520 shares during the period. First Eagle Investment Management LLC increased its stake in International Flavors & Fragrances by 122.1% during the 2nd quarter. First Eagle Investment Management LLC now owns 5,441,094 shares of the specialty chemicals company’s stock valued at $400,192,000 after purchasing an additional 2,991,405 shares in the last quarter. Finally, First Pacific Advisors LP raised its holdings in International Flavors & Fragrances by 1.2% during the second quarter. First Pacific Advisors LP now owns 4,111,527 shares of the specialty chemicals company’s stock worth $302,403,000 after buying an additional 49,452 shares during the last quarter. 96.02% of the stock is owned by institutional investors and hedge funds.

International Flavors & Fragrances Stock Performance

IFF stock opened at $69.48 on Friday. The company has a quick ratio of 1.12, a current ratio of 1.86 and a debt-to-equity ratio of 0.39. The firm has a market cap of $17.79 billion, a PE ratio of -44.83, a P/E/G ratio of 2.54 and a beta of 1.04. The business has a 50 day moving average of $63.77 and a 200-day moving average of $69.11. International Flavors & Fragrances Inc. has a 12-month low of $59.14 and a 12-month high of $91.48.

International Flavors & Fragrances (NYSE:IFF) last posted its quarterly earnings data on Tuesday, November 4th. The specialty chemicals company reported $1.05 earnings per share for the quarter, topping the consensus estimate of $1.02 by $0.03. International Flavors & Fragrances had a positive return on equity of 7.95% and a negative net margin of 3.48%.The business had revenue of $2.69 billion for the quarter, compared to analysts’ expectations of $2.65 billion. During the same quarter in the previous year, the firm earned $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. As a group, sell-side analysts expect that International Flavors & Fragrances Inc. will post 4.32 earnings per share for the current year.

International Flavors & Fragrances Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, January 9th. Investors of record on Friday, December 19th will be issued a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a yield of 2.3%. The ex-dividend date is Friday, December 19th. International Flavors & Fragrances’s dividend payout ratio (DPR) is -98.77%.

Analyst Ratings Changes

Several research firms have recently commented on IFF. Bank of America decreased their target price on shares of International Flavors & Fragrances from $84.00 to $80.00 and set a “buy” rating for the company in a research report on Tuesday, October 14th. BNP Paribas decreased their price objective on International Flavors & Fragrances from $92.00 to $91.00 in a report on Monday, September 29th. UBS Group raised their target price on International Flavors & Fragrances from $66.00 to $68.00 and gave the company a “neutral” rating in a report on Thursday, November 6th. Wells Fargo & Company decreased their price target on International Flavors & Fragrances from $90.00 to $85.00 and set an “overweight” rating for the company in a report on Thursday, August 7th. Finally, Mizuho lowered their price target on International Flavors & Fragrances from $85.00 to $75.00 and set an “outperform” rating for the company in a research report on Friday, October 3rd. Twelve research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $85.02.

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.