Vanguard Group Reports 10.9% Stake in IFF, Amends 13G Filing
Ticker: IFF · Form: SC 13G/A · Filed: Feb 13, 2024 · CIK: 51253
Complexity: simple
Sentiment: neutral
Topics: institutional-ownership, amendment, passive-investing
TL;DR
**Vanguard still owns 10.9% of IFF, a slight dip but they're still a major player.**
AI Summary
The Vanguard Group, a major investment firm, filed an amendment to its Schedule 13G on February 13, 2024, indicating its ownership of 10.9% of International Flavors & Fragrances Inc.'s Common Stock as of December 29, 2023. This represents a slight decrease from its previous reported stake, but Vanguard remains a significant institutional holder. This matters to investors because large institutional ownership can provide stability, but any significant change in their holdings could signal a shift in their outlook on the company's future performance.
Why It Matters
This filing shows that a major institutional investor, Vanguard, continues to hold a substantial portion of International Flavors & Fragrances Inc. (IFF) stock, indicating their ongoing confidence, albeit with a slight adjustment in their position.
Risk Assessment
Risk Level: low — The filing indicates a stable, significant institutional ownership by Vanguard, which generally reduces volatility risk for the stock.
Analyst Insight
Investors should note Vanguard's continued substantial, though slightly reduced, stake in IFF, suggesting a stable long-term institutional interest. Monitor future 13G/A filings for any significant changes in their position, which could signal a shift in their investment thesis.
Key Numbers
- 10.9% — Percentage of Class Owned (Vanguard's ownership stake in International Flavors & Fragrances Inc.)
Key Players & Entities
- The Vanguard Group (company) — reporting person and institutional investor
- International Flavors & Fragrances Inc. (company) — subject company whose securities are being reported
- 10.9% (dollar_amount) — percentage of class owned by Vanguard
- December 29, 2023 (date) — date of event requiring the filing
Forward-Looking Statements
- Vanguard will maintain a significant, but potentially slightly adjusted, stake in International Flavors & Fragrances Inc. over the next year. (The Vanguard Group) — medium confidence, target: 2025-02-13
FAQ
What type of filing is this document?
This document is an SC 13G/A, which is an amendment to a Schedule 13G filing, indicating a change in previously reported beneficial ownership of securities.
Who is the reporting person in this filing?
The reporting person is The Vanguard Group, identified by IRS Identification No. 23-1945930 and organized in Pennsylvania.
What is the subject company whose securities are being reported?
The subject company is International Flavors & Fragrances Inc., with the CUSIP Number 459506101 for its Common Stock.
What was the date of the event that required this filing?
The date of the event which required the filing of this statement was December 29, 2023.
What percentage of International Flavors & Fragrances Inc.'s Common Stock does Vanguard Group report owning?
The Vanguard Group reports owning 10.9% of the Common Stock of International Flavors & Fragrances Inc. as of December 29, 2023.
Filing Stats: 814 words · 3 min read · ~3 pages · Grade level 11.6 · Accepted 2024-02-13 17:07:58
Filing Documents
- tv01211-internationalflavors.htm (SC 13G/A) — 11KB
- 0001104659-24-021217.txt ( ) — 13KB
(a) - Name of Issuer
Item 1(a) - Name of Issuer: International Flavors & Fragrances Inc
(b) - Address of Issuer's Principal Executive Offices
Item 1(b) - Address of Issuer's Principal Executive Offices: 521 West 57th Street New York, NY 10019-2960
(a) - Name of Person Filing
Item 2(a) - Name of Person Filing: The Vanguard Group - 23-1945930
(b) – Address of Principal Business Office or, if none, residence
Item 2(b) – Address of Principal Business Office or, if none, residence: 100 Vanguard Blvd. Malvern, PA 19355
(c) – Citizenship
Item 2(c) – Citizenship: Pennsylvania
(d) - Title of Class of Securities
Item 2(d) - Title of Class of Securities: Common Stock
(e) - CUSIP Number
Item 2(e) - CUSIP Number 459506101
- Type of Filing
Item 3 - Type of Filing: This statement is being filed pursuant to Rule 13d-1. An investment adviser in accordance with 240.13d-1(b)(1)(ii)(E).
- Ownership
Item 4 - Ownership: (a) Amount Beneficially Owned: (b) Percent of Class: (c) Number of shares as to which such person has: (i) sole power to vote or direct to vote: (ii) shared power to vote or direct to vote: (iii) sole power to dispose of or to direct the disposition of: (iv) shared power to dispose or to direct the disposition of: Comments: The responses to questions 5 through 9 and 11 on the cover page(s) are incorporated by reference into this Item 4.
- Ownership of Five Percent or Less of a Class
Item 5 - Ownership of Five Percent or Less of a Class: If this statement is being filed to report the fact that as of the date hereof the reporting person has ceased to be the beneficial owner of more than 5 percent of the class of securities, check the following
- Ownership of More Than Five Percent on Behalf of Another Person
Item 6 - Ownership of More Than Five Percent on Behalf of Another Person: The Vanguard Group, Inc.'s clients, including investment companies registered under the Investment Company Act of 1940 and other managed accounts, have the right to receive or the power to direct the receipt of dividends from, or the proceeds from the sale of, the securities reported herein. No one other person's interest in the securities reported herein is more than 5%. Item 7 - Identification and Classification of the Subsidiary Which Acquired The Security Being Reported on by the Parent Holding Company: Not applicable
- Identification and Classification of Members of Group
Item 8 - Identification and Classification of Members of Group: Not applicable
- Notice of Dissolution of Group
Item 9 - Notice of Dissolution of Group: Not applicable
- Certification
Item 10 - Certification: By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under 240.14a-11. Signature After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct. Date: February 13, 2024 By /s/ Ashley Grim Name: Ashley Grim Title: Head of Global Fund Administration