International Flavors & Fragrances Inc. (IFF) has encountered considerable market activity, depicting a vibrant scenario.
B. Metzler seel. Sohn & Co. Holding AG,
Victory Capital Management Inc., and
Ontario Teachers Pension Plan Board have notably boosted their holdings, confirming the confidence among institutional investors.
Carl Icahn, the celebrated billionaire investor also lists IFF among his top picks. Simultaneously, firms like
Massachusetts Financial Services Co. MA and
Sasco Capital Inc. CT have diminished their positions, suggesting some potential apprehensions. A 54% gain for those investing a year ago reflects the steady growth, even though the stock underperformed on some trading days. IFF's recent earnings largely beat expectations, but showed lagging EPS, indicating mixed financial performance. Regulatory scrutiny came to focus as IFF was fined by the EU for obstructing a suspected cartel investigation. Retail and institutional shareholders showed varied activity with different firms increasing or decreasing their holdings. Amidst these developments, IFF announces the sale of its pharma solutions business for $2.85 billion, and the opening of a new innovation center in Shanghai. Despite its perceived valuation complexities, analysts like those at
Morgan Stanley and
Vertical Research have raised their rating for IFF.
International Flavors Fragrances IFF News Analytics from Tue, 20 Feb 2024 08:00:00 GMT to Sat, 23 Nov 2024 09:17:44 GMT -
Rating 6
- Innovation 5
- Information 7
- Rumor 5
