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International Flavors Fragrances IFF - News Analyzed: 3,741 - Last Week: 98 - Last Month: 494

β‡˜ Unsteady Waters: IFF's Unpredictable Performance and Strategic Moves

Unsteady Waters: IFF's Unpredictable Performance and Strategic Moves
Panagora Asset Management and Beacon Pointe Advisors have reduced stock positions in International Flavors & Fragrances with the latter even underperforming in the market in comparison to competitors. Despite this, Trexquant Investment LP, Quadrant Capital Group LLC, and Vanguard Personalized Indexing Management LLC have all increased their stakes in the company. Zacks Research forecasts show the company's FY2024 earning per share to be $3.70. IFF's Q1 Earnings and Revenues surpassed estimates despite a stock dip. Multiple financial groups are decreasing their holdings in IFF, including the Principal Financial Group and Dimensional Fund Advisors, however Nomura Holdings acquired a substantial number of shares at 798,946. Recently, IFF sold its pharma solutions business for $2.85B. Despite challenges, the company reported strong Q1 2024 Earnings, addressing the market challenges strategically. Predicted dividends for IFF will be $0.81 but later reduced to $0.40. IFF is favored among institutional owners, holding 87% of the company. Price targets for IFF have been increased by major firms including Bank of America, Barclays, and Stifel Nicolaus, despite a decrease in stock value over the past year.

International Flavors Fragrances IFF News Analytics from Wed, 20 Sep 2023 07:00:00 GMT to Thu, 23 May 2024 18:28:41 GMT - Rating -5 - Innovation 0 - Information 5 - Rumor 3

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