$IFF

12 stories mentioning IFFUpdated 5d ago

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S&P 500 Posts Weekly Gain Amid Heightened Iran Deal Expectations, Dovish Inflation Prints

The Standard & Poor's 500 index rose 0.7% this week as the US edged closer to signing a peace deal with Iran and consumer and wholesale price inflation reports that leaned dovish.The market benchmark ended the week at 7,431.46. The index is now up 14% quarter-to-date and 8.6% so far in the year.The US and Iran may sign a peace deal as soon as Sunday, setting the stage for a re-opening of the Strait of Hormuz, according to multiple media reports.While President Donald Trump fumed at Tehran for the inaccurate state media descriptions of a potential interim US-Iran agreement, Iran's foreign minister reportedly said a deal had been reached "on a majority of issues" and negotiators are in the final stage of internal deliberatioins.The core Producer Price Index grew slower than forecast in May on a month-over-month and a year-earlier basis. The core Consumer Price Index also came in cooler than expected on a monthly basis while the year-earlier print was in line.The probability of 25-basis-point increases in September, October, and December was lower on Friday than a week earlier, according to the CME FedWatch tool. The Fed is widely expected to remain on hold in June and July.The materials sector rose the most this week, up 3%, followed by a 2.6% gain in consumer staples and a 2% rise in financials.Shares of International Flavors & Fragrances (IFF) ended the week 7.2% higher at $78.27, the fifth-biggest gainer in materials. Benchmark initiated the company with a buy rating and a $100 price target. Late last month, International Flavors & Fragrances agreed to sell a majority stake in its food ingredients unit to private equity firm CVC Capital Partners in a deal worth roughly $4.3 billion.Casey's General Stores (CASY) shares surged more than 17% this week, the top performer in consumer staples, after the convenience store operator reported better-than-expected fiscal Q4 results.The two S&P 500 sectors that declined this week were communication services and energy.Meta Platforms (META) completed an operational separation from AI startup Manus and cut off data sharing amid pressure from Chinese authorities to reverse the $2 billion deal, Bloomberg reported Thursday, citing people familiar with the matter. Alphabet (GOOGL, GOOG) unit Google's YouTube and Meta (META) were denied a new trial after a jury found that the companies were liable for designing social media platforms that are addictive to young people, Reuters reported Wednesday.Shares of Meta and Alphabet were down 4.4% and 2.4%, respectively, this week, among the steepest decliners in communication services.Next week, Accenture (CAN) and Kroger (KR) are among the companies reporting their quarterly results. The US stock market will be closed on Friday for Juneteenth.Economic data due next week includes the Fed's interest-rate announcement, building permits and housing starts, and retail sales.

S&P 500$CAN$CASY$GOOG$GOOGL$IFF$KR$META

Research9d ago

Benchmark Initiates International Flavors & Fragrances at Buy With $100 Price Target

International Flavors & Fragrances (IFF) has an average rating of overweight and mean price target of $91.24, according to analysts polled by FactSet.(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://www..com/contact-us)

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Sectors19d ago

Sector Update: Consumer Stocks Decline Late Afternoon

Consumer stocks were lower late Friday afternoon, with the State Street Consumer Staples Select Sector SPDR ETF (XLP) falling 1.5% and the State Street Consumer Discretionary Select Sector SPDR ETF (XLY) decreasing 0.7%.In corporate news, SiriusXM's (SIRI) discussions over a possible acquisition of iHeartMedia (IHRT) have hit an impasse after the two sides were unable to come to terms, The New York Times Dealbook reported. iHeartMedia shares dropped 13%, and SiriusXM fell 1.7%.Costco's (COST) fiscal Q3 revenue topped market estimates buoyed by its gas business amid high fuel prices, but the warehouse chain's earnings fell short of expectations. Its shares fell 4.2%.General Motors' (GM) partly owned battery plant in Ohio is delaying the return of hundreds of workers amid weak demand for electric cars, Reuters reported. GM shares were down 1%.International Flavors & Fragrances (IFF) shares shed 1.8% after it said Friday that it agreed to sell a majority stake in its food ingredients unit to private equity firm CVC Capital Partners in a deal worth roughly $4.3 billion, as part of IFF's efforts to focus on higher-margin businesses.

$COST$GM$IFF$IHRT$SIRI

Sectors19d ago

Sector Update: Consumer Stocks Decline Friday Afternoon

Consumer stocks were lower Friday afternoon, with the State Street Consumer Staples Select Sector SPDR ETF (XLP) falling 1.6% and the State Street Consumer Discretionary Select Sector SPDR ETF (XLY) decreasing 0.6%.In sector news, the Trump administration is expected to propose a tweak to the US-Mexico-Canada Agreement that would require half of all automobile components and materials to come from sources in the US, The Wall Street Journal reported. The pact currently requires 75% of a vehicle's materials to come from North American sources but has no US-specific quota, the report said.In corporate news, Costco's (COST) fiscal Q3 revenue topped market estimates buoyed by its gas business amid high fuel prices, but the warehouse chain's earnings fell short of expectations. Its shares fell 4.3%.General Motors' (GM) partly owned battery plant in Ohio is delaying the return of hundreds of workers amid weak demand for electric cars, Reuters reported. GM shares were down 1.3%.International Flavors & Fragrances (IFF) shares added 0.6% after it said Friday that it agreed to sell a majority stake in its food ingredients unit to private equity firm CVC Capital Partners in a deal worth roughly $4.3 billion, as part of IFF's efforts to focus on higher-margin businesses.Activist hedge fund Toms Capital Investment Management has built a significant stake in McCormick (MKC) as the US food company works on its planned acquisition of Unilever's (UL) food business, Reuters reported. McCormick shares rose 1.8%.

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US Markets19d ago

IFF to Sell Majority Stake in Food Ingredients Business to CVC in $4.3 Billion Deal

International Flavors & Fragrances (IFF) said Friday that it agreed to sell a majority stake in its food ingredients unit to private equity firm CVC Capital Partners in a deal worth roughly $4.3 billion, as part of IFF's efforts to focus on higher-margin businesses.The company expects to receive net proceeds of about $3.8 billion, which it intends to use to reduce debt, repurchase shares and reinvest in its core portfolio. IFF will retain a 10% equity holding in the food ingredients division."This transaction represents an important strategic milestone in our ongoing portfolio optimization initiative, allowing us to further concentrate resources on our higher-growth, higher-margin segments," IFF Chief Executive Erik Fyrwald said in a statement. "This transaction creates substantial value for shareholders while positioning IFF to drive sustained, profitable long-term growth."Shares of the company were up 2.9% in Friday trade, taking the stock's year-to-date gain to 19%.The food ingredients unit, which serves multinational food and beverage customers, generated nearly $3.1 billion in sales last year."By retaining a minority stake in food ingredients, we will continue to participate in the future upside of a strong business under dedicated ownership," Fyrwald said.The deal, which requires approval by regulators, is expected to complete by the end of the second quarter of 2027. The company estimates that the transaction will be dilutive to its adjusted earnings on a per-share basis in the first year after completion."We are delighted to welcome IFF's food ingredients business to CVC's US portfolio," CVC Managing Partner Lorne Somerville said. "Its global reach and proprietary technical capabilities provide a clear competitive advantage, and we see significant opportunity for continued growth."Including this transaction, IFF has divested 13 non-core businesses for about $10 billion as part of its strategy to streamline its portfolio. In 2025, the company sold its pharma solutions segment to French ingredients company Roquette.IFF said it continues to expect 2026 sales between $10.5 billion and $10.8 billion, while the current consensus on FactSet is for $10.75 billion.

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Wire37d ago

International Flavors & Fragrances Launches Madagascar Center for Vanilla Development

International Flavors & Fragrances (IFF) has opened a new center in Madagascar to support its vanilla supply chain, the company said Monday.The company said the facility in Toamasina, dubbed the Vanilla Innovation Center, combines laboratory analysis, extraction, flavor creation and application development at a single site located near vanilla cultivation and processing operations.The center is expected to support product development, supply chain monitoring, traceability and work with farmer networks, while helping the company respond to climate and crop-related challenges, according to International Flavors & Fragrances.Shares of the company were down 1.6% in Monday trading.Price: $79.68, Change: $-1.38, Percent Change: -1.70%

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Wire40d ago

Rothschild & Co Redburn Adjusts Price Target on International Flavors & Fragrances to $71 From $74

International Flavors & Fragrances (IFF) has an average rating of overweight and mean price target of $91.92, according to analysts polled by FactSet.(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://www..com/contact-us)Price: $79.18, Change: $+0.91, Percent Change: +1.17%

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Research41d ago

Research Alert: CFRA Maintains Hold Rating On Shares Of International Flavors & Fragrances

CFRA, an independent research provider, has providedwith the following research alert. Analysts at CFRA have summarized their opinion as follows:Our 12-month target is $89, raised from $85, applying a 20.1x multiple to our 2026 EPS estimate (down $0.04 to $4.42; 2027 estimate down $0.05 to $4.78), a small premium to IFF's three-year average forward P/E of 19.7x. Our valuation reflects the company's ongoing strategic transformation toward a higher-margin, innovation-driven portfolio, and we view the multiple as appropriate, given management's progress in repairing the balance sheet after years of value-destructive M&A decisions. IFF's Food Ingredients divestiture appears to be on track, and the company recently completed the sale of its commodity soy crush, concentrates, and lecithin business to Bunge. Negatively, we see near-term challenges for the Scent business, with inflation in logistics and commodity costs from the geopolitical conflict in the Middle East weighing on fine fragrances. However, IFF expects the Health business to return to growth in H2 2026 and improve into 2027, led by a strengthening pipeline.

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Wire41d ago

UBS Adjusts Price Target on International Flavors & Fragrances to $86 From $75

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Wire41d ago

Oppenheimer Adjusts Price Target on International Flavors & Fragrances to $90 From $88, Maintains Outperform Rating

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Research43d ago

Research Alert: Iff Q1 2026: Volume Growth Supports Quarterly Eps, Sales Beat

CFRA, an independent research provider, has providedwith the following research alert. Analysts at CFRA have summarized their opinion as follows:IFF delivered solid Q1 2026 results with net sales declining 4% Y/Y to $2.74B (above $2.64B consensus) primarily from completed divestitures, though comparable currency-neutral sales grew 3% with broad-based volume expansion. Adjusted EPS improved to $1.25 from $1.20, beating $1.07 consensus on operational efficiencies. We view the continued portfolio transformation as positive, with Taste delivering strong 18% comparable EBITDA growth and Health & Biosciences achieving 5% growth, though Scent faced margin pressure. Management maintained 2026 guidance of $10.5B-$10.8B sales and $2.05B-$2.15B adjusted operating EBITDA despite divestiture headwinds. We believe the $144M Y/Y free cash flow improvement to $92M and disciplined 2.5x net debt leverage demonstrate strong execution. The Food Ingredients divestiture progress, with Soy Crush business closing March 2, supports the strategic focus on higher-margin specialty solutions.

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Wire65d ago

Citigroup Adjusts International Flavors & Fragrances Price Target to $90 From $100, Maintains Buy Rating

International Flavors & Fragrances (IFF) has an average rating of overweight and mean price target of $90.69, according to analysts polled by FactSet.(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://www..com/contact-us)Price: $70.97, Change: $-1.55, Percent Change: -2.14%

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