International Flavors & Fragrances Inc. (IFF) has perpetually appeared in the limelight. The company has received attention from multiple investors and brokerage firms. Institutions, such as
Wealth Enhancement Advisory Services LLC and
Saratoga Research & Investment Management, have sold shares, whereas others like
Park Avenue Securities LLC and
Riverview Trust Co significantly ramped up their stock holdings. Various wealth management firms have also taken new positions in the company. Amidst a series of sell-offs and acquisitions, IFF was cruelly hit with a
€15.9 million fine for obstructing an EU investigation into a suspected fragrance cartel. The firm has had its fair share of challenges, despite sustaining revenue resilience, validated by the analysts' average rating of 'Hold'. In another development, IFF is divesting its pharma solutions business for
$2.85B. However, this decision does not seem to assuage shareholders, as the company’s share price has endured a three-year loss, despite a strong recent week. It is also worth noting the company's dividend is being reduced to $0.40. IFF also made a strategic move in appointing
J. Erik Fyrwald as the new CEO.
International Flavors Fragrances IFF News Analytics from Wed, 20 Sep 2023 07:00:00 GMT to Sun, 30 Jun 2024 09:34:36 GMT -
Rating -5
- Innovation -2
- Information 7
- Rumor -3
