INTERNATIONAL FLAVORS & FRAGRANCES (IFF) Stocks
ABOUT INTERNATIONAL FLAVORS & FRAGRANCES
📊 International Flavors & Fragrances Inc. is an American public company that creates, manufactures and supplies flavors and fragrances for various industries around the globe. These industries include personal care, food, beverage and household products.
📊 Its products are individual ingredients as well as compounds that are mixed and reacted together to form various formulas. The company has 110 manufacturing facilities and 100 laboratories in 35 countries.
📊 Its history dates back to 1958 and it is headquartered in New York City. Today the company has approximately 7 300 employees. International Flavors & Fragrances Inc.’s subsidiaries include Frutarom. David Michael & Co., P.T. Essence Indonesia, Wiberg Corporation Inc. and Bush Boake Allan Inc.
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HISTORY OF INTERNATIONAL FLAVORS & FRAGRANCES
- In 1958 International Flavors & Fragrances is formed when Polak & Schwarz and van Ameringen-Haebler merge. Polak & Schwarz specialized in flavors while van Ameringen-Haebler specialized in fragrances. In 1964 the company is listed on the New York Stock Exchange. In 2015 it is cross listed to the Euronext Paris Market which makes it the first US-listed company using the Euronext Paris Fast Path route.
- In conjunction with the Monell Foundation, the company establishes the Monell Chemical Senses Center in 1968. This center researches smell and taste. In 1985 IFF changes the way perfumes are created when one of its scientists, Dr. Braja D Mookherjee, creates the Living Flower technology. In 1990 the company starts building its R & D facility in New Jersey with a 5 000 square foot botanical garden and greenhouse. One of the plants cultivated in the facility is a miniature rose called “Overnight Scentsation”. This rose is also known as the “Space Rose” and is cultivated for space experiments. It is taken on board the shuttle Discovery in 1998 and this experiment shows that low gravity critically alters the rose’s fragrance. The IFF and Shisheido later commercialize it.
- The company buys French Laboratoire Monique Remy based in Grasse, in 2000 – forming IFF LMR Naturals. This acquisition strengthens the company’s development and use of natural and raw ingredients for the production of flavors and fragrances. In the same year the company buys Bush Boake Allen which produces complementary products. This acquisition makes IFF the biggest fragrance and flavour house in the world for many years.
- In 2014 the company buys Aromor Flavors and Fragrances Ltd. and the following year it buys Ottens Flavors. IFF also buys Lucas Meyer Cosmetics in 2015. In 2016 it buys David Michael & Company. The company buys Frutarom for $7.1 billion in 2018. Kirsten, Finn and Jorn Rausing become IFF’s top shareholders between 2016 and 2018, buying almost 20% of its shares via entities in Liechtenstein and Singapore.
VISION & VALUES OF INTERNATIONAL FLAVORS & FRAGRANCES
- Since 2012 IFF has adopted the 12 Principles of Green Chemistry for its products as the company believes in sustainability. In 2014 the company opens a 4 000 kilowatt Photovoltaic Solar Installation in New Jersey – supplying around 40% of its electricity needs for its facilities in this area.
- This project makes IFF a renewable energy leader in its sector. IFF has received numerous awards for its involvement in sustainability and involvement in local communities.
MARKET PERFORMANCE OF INTERNATIONAL FLAVORS & FRAGRANCES
- International Flavors & Fragrances Inc. trades on the New York Stock Exchange under the NYSE stock symbol “IFF”. It is an S&P 500 component.
- The company’s second quarter ended June 30, 2019 Consolidated Financial Results reports net sales of $1.3 billion, a 40% increase from $920 million in 2018 – including the contribution of sales related to Frutarom.
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LATEST NEWS INTERNATIONAL FLAVORS & FRAGRANCES
Before buying any stock or share one has to consider a few factors.
STEP 1: PROPER RESEARCH IS ESSENTIAL
Upon deciding you want to buy INTERNATIONAL FLAVORS & FRAGRANCES Stocks / Shares, it is critical for the serious investor to do proper research into the said company. Its values should align with those of the investor’s current portfolio. An investor needs to familiarise himself with the basics and history of the company, as well as its leadership and performance in the market. Its company reports should also be scrutinized.
Consultation with a brokerage firm can also assist in determining whether investing in a specific company will complement the investor’s current portfolio. The investment “risk ladder”, which identifies asset classes based on their relative riskiness, is another useful tool when determining which company’s stock / share is the best to buy.
STEP 2: CALCULATE THE AMOUNT OF INVESTMENT IN INTERNATIONAL FLAVORS & FRAGRANCES STOCKS / SHARES
It is important for an investor to monitor his total investment in stock in order to keep his portfolio aligned to his investment strategy. The overall value of his holdings will change with the fluctuation in stock prices, which can throw his portfolio off balance. To determine the amount to invest, multiply the number of shares of each stock by its current market price to determine the total investment in that specific stock. For example, if you own 100 shares of a $5 stock, multiply 100 by $5 to get $500.
STEP 3: DECIDE ON THE STOCK / SHARE ORDER TYPE
Investors can choose from a market order, a limit order, a stop order (also referred to as a stop-loss order) or a buy/sell stop order. It is important to familiarise yourself with each type’s pros and cons before deciding which one will suit your current stock profile best. An investor should be guided in this choice by his investment objective.
STEP 4: OPEN A BROKERAGE ACCOUNT
A brokerage account – also known as taxable investment account – is similar to a retirement account, but more flexible. Where a retirement account has limitations on the amount of money that can be contributed annually, and restrictions on when funds can be withdrawn, a brokerage account is more flexible. The latter has no income or contribution limit and the investor can withdraw his money at any given time. This flexibility, together with its potential investment gains, makes a brokerage account more attractive to serious investors. Brokerage accounts are ideal for goals or savings that are further than five years away, but closer than retirement. It can also supplement an investor’s emergency savings.
STEP 5: COMMIT AND PURCHASE INTERNATIONAL FLAVORS & FRAGRANCES STOCKS / SHARES
Lastly, commit to the stock. Pro Tip: Monitor the value of your stock to ensure you have a growing stock value and dividend pay-out. Regularly check the share price online to ensure your investment delivers a positive return on investment. You are now a proud owner of INTERNATIONAL FLAVORS & FRAGRANCES stocks / shares.
5 Questions to ask yourself before purchasing any stocks or shares.
- Is it the best time to buy this stock / share?
- Should I buy INTERNATIONAL FLAVORS & FRAGRANCES stocks / shares in the current economic climate?
- Can I afford to buy this stock / share?
- What is the forecast of the stock / share growth?
- What is the current price per earning ration on the stock / share?
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