International Flavors & Fragrances Inc. (IFF) has recently made numerous headlines, indicating both positive dynamics and areas of concern. While selected as one of Oppenheimer's Top Stock Picks for the upcoming year, IFF has also been fined by the EU for obstructing a cartel investigation. The company has seen shares sold by various entities, including Mn Services Vermogensbeheer B.V. and BNP PARIBAS ASSET MANAGEMENT Holding S.A. Notably, the company has entered an agreement to sell its pharma unit to France's Roquette for $2.85 billion. Despite seeing its shares hit 52-week highs, IFF faces challenges in compounding its valuation. In an effort to build revenue resilience, Dodge & Cox have bolstered their stake in the company. Yet, they have missed expectations on full-year earnings for 2023. The company continues to innovate, announced by a recent acquisition of a supplier. Additionally, IFF has appointed new leadership with Erik Fyrwald serving as CEO. Recently, IFF has faced penalties due to antitrust allegations tied to a fragrance cartel and has seen a reduction in their dividends to $0.40.
International Flavors Fragrances IFF News Analytics from Fri, 15 Sep 2023 07:00:00 GMT to Mon, 02 Sep 2024 00:13:49 GMT -
Rating -5
- Innovation 5
- Information 3
- Rumor -2
