Colonial Trust Advisors Trims Stock Holdings in International Flavors & Fragrances Inc. $IFF

Colonial Trust Advisors reduced its holdings in International Flavors & Fragrances Inc. by 16.9% in Q2. Other hedge funds adjusted their positions, with analysts providing mixed ratings and price targets. IFF's stock opened at $69.83, with a market cap of $17.88 billion. The company reported Q3 earnings of $1.05 EPS, beating estimates. Analysts forecast moderate buy ratings with an average price target of $85.02.

Colonial Trust Advisors reduced its holdings in shares of International Flavors & Fragrances Inc. (NYSE:IFF - Free Report) by 16.9% in the second quarter, according to its most recent filing with the SEC. The fund owned 23,669 shares of the specialty chemicals company's stock after selling 4,815 shares during the period. Colonial Trust Advisors' holdings in International Flavors & Fragrances were worth $1,741,000 at the end of the most recent quarter.

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Other hedge funds also recently bought and sold shares of the company. Dodge & Cox lifted 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 worth $2,621,247,000 after purchasing an additional 2,336,844 shares during the last quarter. Vanguard Group Inc. lifted its holdings in International Flavors & Fragrances by 1.6% during the 2nd quarter. Vanguard Group Inc. now owns 30,880,203 shares of the specialty chemicals company's stock valued at $2,271,239,000 after buying an additional 490,163 shares in the last quarter. Geode Capital Management LLC boosted 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 buying an additional 123,520 shares during the period. First Eagle Investment Management LLC grew its stake in 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 acquiring an additional 2,991,405 shares in the last quarter. Finally, First Pacific Advisors LP increased its position in shares of 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 acquiring an additional 49,452 shares during the period. Institutional investors own 96.02% of the company's stock.

Wall Street Analyst Weigh In

IFF has been the subject of a number of research reports. Tigress Financial reiterated a "buy" rating and issued a $105.00 price target on shares of International Flavors & Fragrances in a report on Tuesday, August 26th. BNP Paribas lowered their target price on International Flavors & Fragrances from $92.00 to $91.00 in a report on Monday, September 29th. Citigroup cut their price target on International Flavors & Fragrances from $82.00 to $75.00 and set a "buy" rating on the stock in a research note on Monday, October 6th. Wolfe Research upgraded International Flavors & Fragrances from an "underperform" rating to a "peer perform" rating in a report on Monday, September 8th. Finally, Wells Fargo & Company dropped their target price on shares of International Flavors & Fragrances from $90.00 to $85.00 and set an "overweight" rating on the stock in a report on Thursday, August 7th. Twelve research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat.com, International Flavors & Fragrances presently has an average rating of "Moderate Buy" and an average price target of $85.02.

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Read Our Latest Stock Analysis on IFF

International Flavors & Fragrances Stock Performance

IFF stock opened at $69.83 on Friday. International Flavors & Fragrances Inc. has a one year low of $59.14 and a one year high of $91.65. The firm has a market cap of $17.88 billion, a price-to-earnings ratio of -45.05, a PEG 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. The firm has a 50-day simple moving average of $63.65 and a two-hundred day simple moving average of $69.21.

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International Flavors & Fragrances (NYSE:IFF - Get Free Report) last posted its quarterly earnings data on Tuesday, November 4th. The specialty chemicals company reported $1.05 EPS for the quarter, topping the consensus estimate of $1.02 by $0.03. The firm had revenue of $2.69 billion during the quarter, compared to analyst estimates of $2.65 billion. International Flavors & Fragrances had a negative net margin of 3.48% and a positive return on equity of 7.95%. International Flavors & Fragrances's revenue was down 7.9% on a year-over-year basis. During the same quarter in the previous year, the business posted $1.04 EPS. International Flavors & Fragrances has set its FY 2025 guidance at EPS. On average, equities analysts forecast that International Flavors & Fragrances Inc. will post 4.32 EPS for the current fiscal year.

International Flavors & Fragrances Announces Dividend

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

About International Flavors & Fragrances

(Free Report)

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.

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