Various financial news reveal a mixed outlook for International Flavors & Fragrances Inc. (IFF). Institutional investors like Envestnet Portfolio Solutions and Mitsubishi UFJ have increased their stake in IFF, which shows confidence from financial giants. The company's dividend payout is $0.81 but it is reported going to be reduced to $0.40. There have been fluctuations in the company's stock price, with a new 52-week high recorded at $98.34, but the stock is still underperforming overall. In a risky move, IFF plans to sell its pharma solutions business for $2.85B. Some analysts have raised their price target for IFF to as high as $110, while others warn of challenges and limitations on growth. Major stake sell-offs occurred from NBC Securities and Victory Capital Management. IFF faced a surprise loss despite resilient revenue. It is seen favorably by major institutional owners holding 87% of the company. Although, its Q1 earnings beat expectations, overall sales dipped Y/Y. IFF has had a turbulent year, but analysts suggest potential recovery. Opinions on future performance are divided, ranging from optimistic upgrades to cautionary predictions.
International Flavors Fragrances IFF News Analytics from Fri, 01 Sep 2023 07:00:00 GMT to Sun, 19 May 2024 10:45:00 GMT - Rating 2 - Innovation 1 - Information 10 - Rumor -6
