BlackRock Amends IFF Stake: Passive Investment Update
Ticker: IFF · Form: SC 13G/A · Filed: Jan 25, 2024 · CIK: 51253
Complexity: simple
Sentiment: neutral
Topics: institutional-ownership, passive-investment, amendment, disclosure
TL;DR
**BlackRock updated its passive stake in IFF, showing its latest holdings as of year-end.**
AI Summary
BlackRock Inc. filed an amended SC 13G/A on January 25, 2024, indicating a change in its ownership of International Flavors & Fragrances Inc. common stock as of December 31, 2023. This filing, Amendment No. 14, shows BlackRock's updated passive investment position in the company. For investors, this matters because BlackRock is a major institutional investor, and changes in its holdings can signal shifts in its confidence or investment strategy regarding IFF, potentially influencing other investors' perceptions and the stock's performance.
Why It Matters
This filing updates BlackRock's passive ownership in International Flavors & Fragrances, providing transparency on a major institutional investor's position, which can influence market sentiment.
Risk Assessment
Risk Level: low — This is a routine update from a passive institutional investor and does not indicate any immediate significant risk or opportunity.
Analyst Insight
Investors should note BlackRock's continued passive interest in IFF, but this filing alone doesn't suggest a need for immediate action; it's a routine disclosure of an updated position.
Key Players & Entities
- BlackRock Inc. (company) — the institutional investor filing the SC 13G/A
- International Flavors & Fragrances Inc. (company) — the subject company whose stock is being reported
- December 31, 2023 (date) — the date of the event requiring the filing
- January 25, 2024 (date) — the filing date of the SC 13G/A
- Amendment No: 14 (number) — the specific amendment number for this filing
FAQ
What type of filing is this document?
This document is an SC 13G/A, which is an amendment to a Schedule 13G filing, as stated in the 'FORM TYPE: SC 13G/A' and 'SCHEDULE 13G Under the Securities Exchange Act of 1934 (Amendment No: 14)' sections.
Who filed this SC 13G/A?
This SC 13G/A was filed by BlackRock Inc., as indicated under the 'FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: BlackRock Inc.' section.
Which company's securities are the subject of this filing?
The securities of International Flavors & Fragrances Inc. are the subject of this filing, as stated under 'SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: INTERNATIONAL FLAVORS & FRAGRANCES INC' and 'Name of Issuer) Common Stock'.
What was the date of the event that required this filing?
The date of the event which required this filing was December 31, 2023, as specified in the 'Date of Event Which Requires Filing of this Statement' section.
Under which rule was this Schedule 13G filed?
This Schedule 13G was filed under Rule 13d-1(b), as indicated by the '[X] Rule 13d-1(b)' checkbox selection.
Filing Details
This Form SC 13G/A (Form SC 13G/A) was filed with the SEC on January 25, 2024 regarding INTERNATIONAL FLAVORS & FRAGRANCES INC (IFF).