Principal Securities Inc. has invested $43,000 in International Flavors & Fragrances Inc. (IFF) while Coldstream Capital Management Inc. has purchased 730 IFF shares. Meanwhile, PNC Financial Services Group Inc. and Beacon Pointe Advisors LLC have reduced their IFF holdings. Despite some institutional sell-offs, IFF has hit a 52-week high, significantly surpassing Q1 earnings and revenue estimates. However, Morgan Stanley downgraded the company's rating to 'Equal Weight'. IFF is also pursuing strategic divestments, which include a $2.85 billion sale of their Pharma Solutions business. Forecast for the company's FY2024 indicates earnings per share of $3.7. Nomura Holdings Inc. and Vanguard Personalized Indexing Management LLC have significantly increased their stakes in IFF while UBS Group AG sold over 1 million of its IFF shares. Potentially elevating risks for shareholder returns, the company's divident has been reduced to $0.40 per share. Nevertheless, IFF's institutional ownership stands strong at 87%.
International Flavors Fragrances IFF News Analytics from Wed, 20 Sep 2023 07:00:00 GMT to Sun, 26 May 2024 17:09:33 GMT -
Rating 1
- Innovation 0
- Information 8
- Rumor -3
