Douglas Lane & Associates, Czech National Bank, First Hawaiian Bank, Cwm LLC, Integrated Advisors Network LLC, GAMMA Investing LLC, Vanguard Group Inc., Wahed Invest LLC, Centre Asset Management LLC, Bridgefront Capital LLC, Rafferty Asset Management LLC, Advisory Services Network LLC and others have increased their stock holdings in International Flavors & Fragrances Inc. (IFF). American International Group, PNC Financial Services Group, Northern Trust Corp, Goldman Sachs Group, First Trust Advisors LP and others trimmed their stakes. IFF also inked a deal to sell its pharma unit to Roquette for $2.85 bln. Despite facing challenges, IFF's revenue remains resilient. However, the past three years haven't been profitable for the company's investors. Attempting a recovery, IFF has made strategic divestitures, like cosmetic ingredients. The company reported an unexpected Q1 earnings dip, cut dividend to $0.40 and didn't pull weight from acquisitions. This underperformance has led to share price decrease by 27% over a year. Legal insider selling actions has been noticed. New CEO J. Erik Fyrwald has been appointed. IFF claims to focus on health and environment to drive its stock momentum. The company is contemplating $3.5 Bn sale of pharma unit.
International Flavors Fragrances IFF News Analytics from Fri, 01 Sep 2023 07:00:00 GMT to Sun, 23 Jun 2024 15:49:18 GMT -
Rating -1
- Innovation -4
- Information 7
- Rumor -6
