Amundi, a French asset management company, has a $40.30 million stock holding in International Flavors & Fragrances Inc. (IFF). Despite some holdings being trimmed by Great Lakes Advisors LLC and Barings LLC among others, a fraction was raised by Staley Capital Advisers, Victory Capital Management, and Connor Clark & Lunn Investment Management. IFF has plans to declare a quarterly dividend of $0.40 per share. Many positive investment actions towards IFF were witnessed with OFI Invest Asset Management buying a new position and Zurcher Kantonalbank Zurich Cantonalbank acquiring 150,891 shares.
IFF demonstrated strong earnings in Q4 2024. The company also launched a new website and an AI-Driven ScentChat Tool, and extended its Enviva PRO Probiotic range. New executive leaders were announced for the company, while it is stated that IFF's full-year 2024 earnings did not meet expectations. Furthemore, IFF's director made a significant stock purchase. Despite some challenges, the company raises its forecast as fragrance and health products boost sales.
IFF plans a $70 million expansion for its Iowa Plant and is set to launch a new Innovation center. The company faced a €15.9 million fine for obstructing a probe into a suspected fragrance cartel.
International Flavors Fragrances IFF News Analytics from Wed, 08 May 2024 07:00:00 GMT to Sat, 15 Mar 2025 19:09:31 GMT - Rating 2 - Innovation 7 - Information 5 - Rumor 0
