International Flavors & Fragrances (IFF)

• Market cap: $20.1B
• 1 day: 1.17%
• 5 days: 3.24%
• 1 month: 1.10%
• 3 months: -10.56%
• 6 months: -22.42%
• Year to date: -5.57%
• 1 year: -7.31%
• 5 years: -40.12%
• 10 years: -31.63%
• Sector: Materials
• Industry: Specialty 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 disclosures by fund managers ($100M+ AUM)

211% more call options, than puts

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

4.3% more ownership

Funds ownership: 88.68% [Q3] → 92.98% (+4.3%) [Q4]

3% less funds holding

Funds holding: 776 [Q3] → 750 (-26) [Q4]

13% less first-time investments, than exits

New positions opened: 96 | Existing positions closed: 110

15% less capital invested

Capital invested by funds: $23.8B [Q3] → $20.1B (-$3.68B) [Q4]

28% less repeat investments, than reductions

Existing positions increased: 226 | Existing positions reduced: 314

38% less funds holding in top 10

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

Research analyst outlook

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

• Low target: $76 3% downside
• Avg. target: $91 16% upside
• High target: $104 33% upside

9 analyst ratings

• positive: 8 89%
• neutral: 1 11%
• negative: 0 0%

Oppenheimer Kristen Owen 42% 1-year accuracy 19 / 45 met price target	13% upside $89	Outperform Maintained	22 Apr 2025
Mizuho John Roberts 22% 1-year accuracy 8 / 37 met price target	11% upside $87	Outperform Maintained	15 Apr 2025
Barclays Lauren Lieberman 57% 1-year accuracy 51 / 89 met price target	3% downside $76	Equal-Weight Maintained	14 Apr 2025
Morgan Stanley Lisa De Neve 50% 1-year accuracy 1 / 2 met price target	27% upside $100	Overweight Maintained	10 Apr 2025
Stifel Mark Astrachan 43% 1-year accuracy 12 / 28 met price target	16% upside $91	Buy Maintained	10 Apr 2025