International Flavors & Fragrances Inc. (IFF) announced a quarterly dividend of US$0.40 per share, and received a 'moderate buy' recommendation from brokerages. The stock saw various trading activities, with Mutual of America Capital Management selling 853 shares, Proficio Capital Partners purchasing 95,795 shares and a major stock acquisition by a director. IFF launched a new website and posted a Full Year 2024 Earnings report that didn't meet market expectations. Zacks Research displayed an optimistic outlook for Q2 earnings while the strategic positioning and growth potential were analyzed in the food ingredients and bioethanol sectors. IFF's performance and outlook stirred varying reactions among different asset companies. They have also launched an AI-Driven ScentChat Tool and have plans for a $70 million expansion for Cedar Rapids Plant in Iowa. However, some investors experienced losses while others saw potential for a market turnaround. Leadership changes were announced along with the appointment of a new Chief Financial Officer. IFF has had its share of legal challenges with the dismissal of price-fixing class action lawsuits and fines for obstructing an investigation. Meanwhile, they announced the opening of a Flavor & Fragrance Innovation Center and a chinese fragrance program powered by AI aimed at the $97B market.
International Flavors Fragrances IFF News Analytics from Wed, 08 May 2024 07:00:00 GMT to Sat, 08 Mar 2025 09:11:15 GMT -
Rating 3
- Innovation 2
- Information 8
- Rumor -2
