International Flavors & Fragrances (IFF)

• Market cap: $20.4B
• 1 day: -0.56%
• 5 days: -0.50%
• 1 month: -6.26%
• 3 months: -9.06%
• 6 months: -22.66%
• Year to date: -3.86%
• 1 year: -1.46%
• 5 years: -28.22%
• 10 years: -31.83%
• Sector: Materials
• Industry: Industrial Organic Chemicals

About: International Flavors & Fragrances is the largest specialty ingredients producer globally. It sells ingredients for the food, beverage, health, household goods, personal care, and pharmaceutical industries. The company makes proprietary formulations, partnering with customers to deliver custom solutions. The nourish segment, which generates roughly half of revenue, is a leading flavor producer and also sell texturants, plant-based proteins, and other ingredients. The health and biosciences business, which generates around one fourth of revenue, is a global leader in probiotics and enzymes. IFF is also one of the leading fragrance producers in the world.

Employees: 22,400

Fund manager confidence

Based on 2024 Q4 regulatory filings by fund managers ($100M+ AUM)

211% more call options, than puts

Call options by funds: $212M | Put options by funds: $68.3M

3.79% more ownership

Funds ownership: 89.17% [Q3] → 92.96% (+3.79%) [Q4]

4% less funds holding

Funds holding: 776 [Q3] → 747 (-29) [Q4]

15% less first-time investments, than exits

New positions opened: 94 | Existing positions closed: 110

16% less capital invested

Capital invested by funds: $23.9B [Q3] → $20.1B (-$3.83B) [Q4]

29% less repeat investments, than reductions

Existing positions increased: 224 | Existing positions reduced: 315

38% less funds holding in top 10

Funds holding in top 10: 16 [Q3] → 10 (-6) [Q4]

Research analyst outlook

7 Wall Street Analysts provided 1 year price targets over the past 3 months

• Low target: $88 10% upside
• Avg. target: $102 27% upside
• High target: $105 31% upside

7 analyst ratings

• positive: 6 86%
• neutral: 1 14%
• negative: 0 0%

Oppenheimer Kristen Owen 40% 1-year accuracy 16 / 40 met price target	30% upside $104	Outperform Maintained	20 Feb 2025
JP Morgan Jeffrey Zekauskas 41% 1-year accuracy 19 / 46 met price target	30% upside $104	Overweight Maintained	20 Feb 2025
B of A Securities Matthew DeYoe 33% 1-year accuracy 1 / 3 met price target	26% upside $101	Buy Maintained	20 Feb 2025
Wells Fargo Michael Sison 16% 1-year accuracy 7 / 44 met price target	31% upside $105	Overweight Maintained	20 Feb 2025
Stifel Mark Astrachan 41% 1-year accuracy 12 / 29 met price target	31% upside $105	Buy Maintained	3 Feb 2025