International flavors & fragrances director buys $522,832 in stock

Kevin O’Byrne, a director at International Flavors & Fragrances Inc. (NYSE:IFF), recently acquired 6,500 shares of the company’s common stock. The purchase, made on March 5, 2025, was executed at a weighted average price of approximately $80.44 per share, resulting in a total transaction value of $522,832.

This acquisition was conducted in multiple transactions with prices ranging from $80.32 to $80.54 per share. Following this purchase, O’Byrne’s direct ownership in IFF stands at 1,715 shares, with an additional 6,500 shares held indirectly by his spouse. The company, with a market capitalization of $21 billion, has maintained dividend payments for 54 consecutive years, demonstrating strong shareholder commitment.

The transaction was disclosed in a Form 4 filing with the Securities and Exchange Commission, with the document filed on March 6, 2025, and signed by Jennifer Johnson, attorney in fact. InvestingPro subscribers can access detailed insider trading patterns, comprehensive financial health scores, and 10+ additional exclusive ProTips for IFF, available in the Pro Research Report.

In other recent news, International Flavors & Fragrances Inc. (IFF) reported its fourth-quarter 2024 earnings, surpassing analyst expectations with an earnings per share (EPS) of $0.97 compared to the forecast of $0.82. The company’s revenue for the quarter reached $2.8 billion, exceeding the anticipated $2.69 billion. Despite the positive earnings, broader market concerns influenced investor sentiment. In another development, IFF announced a $70 million investment to expand its Cedar Rapids, Iowa facility, aiming to bolster its presence in the healthy snacks market. This expansion will enable domestic production of TAURA by IFF fruit ingredients and is expected to create up to 40 new jobs by 2026.

Furthermore, IFF disclosed a leadership change in its Health & Biosciences division, with Simon Herriott set to leave the company in March 2025, to be succeeded by Leticia Goncalves Lourenço. These leadership adjustments are part of IFF’s strategy to maintain its market position and drive growth. The company also emphasized its focus on innovation and R&D investments as key growth drivers. Additionally, IFF provided a cautious outlook for 2025, with sales guidance between $10.6 billion and $10.9 billion, indicating 1-4% currency-neutral growth.

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