International Flavors & Fragrances (IFF) appears to have fluctuations in its market performance as suggested by several key updates. The company has been seen to
underperform the S&P 500, with investors reportedly sitting on a
loss of 34% if they had invested three years ago. Despite this, there were days that the IFF stock outperformed its competitors in the market. The stock has been restructured after
Michael DeVeau was appointed as the new
Chief Financial Officer. There has been notable
share movement, with Wellington Management Group LLP and XTX Topco Ltd lessening their positions, and Toronto Dominion Bank and Geode Capital Management LLC increasing their shares. Furthermore, an investment in IFF a year ago would have resulted in a 54%
gain. However, the stock was also hit with a fine of €15.9 million for obstructing an
investigation into a suspected fragrance cartel. The company's Q3 earnings
revenues beat expectations, but its EPS lags. It continues to innovate, with plans to open a new Center for Innovation in Shanghai, and has recently agreed to sell its Pharma Solutions business for $2.85 billion.
International Flavors Fragrances IFF News Analytics from Tue, 20 Feb 2024 08:00:00 GMT to Sat, 21 Dec 2024 11:52:24 GMT -
Rating -3
- Innovation 3
- Information 6
- Rumor 0
