Envestnet Portfolio Solutions Inc. and Sumitomo Mitsui Trust Holdings Inc. have both sold their stock positions in International Flavors & Fragrances Inc. (IFF), an American corporation producing flavors and fragrances. Diversified Trust Co and QRG Capital Management Inc. have increased their investments in the company recently. Swedbank AB and Comerica Bank have decreased their holdings, while Dodge & Cox has grown their stake in IFF. The company's Q2 2024 earnings met expectations and they also topped on higher volumes. However, UBS Group has lowered IFF's price target to $103.00. The company has inked a deal to sell its Pharma Solutions business, contributing to its 52-week high. Despite the challenges, IFF's revenue resilience remains strong. Institutional owners carry a significant favor for the company with a large 87% stake. Nevertheless, the dividend of IFF is set to be cut to $0.40. IFF was fined €15.9 Million post obstructing an investigation into a suspected fragrance cartel. The company's recently appointed CEO and board director Erik Fyrwald may contribute to the future dynamics of the company.
International Flavors Fragrances IFF News Analytics from Fri, 01 Dec 2023 08:00:00 GMT to Sun, 18 Aug 2024 17:30:49 GMT -
Rating 2
- Innovation -3
- Information 7
- Rumor 3
