Marc Birenkrant, Controller & CAO at International Flavors & Fragrances Inc. (), sold a portion of his holdings in the company’s common stock on August 7, 2026.
The executive disposed of 1,000 shares of IFF common stock at a price of $85.00 per share. This transaction amounted to a total value of $85,000. The sale occurred as the stock trades near its 52-week high of $89.31, with shares up nearly 29% year-to-date.
Following the sale, Mr. Birenkrant directly holds 3,446.15 shares of International Flavors & Fragrances Inc. common stock. He also indirectly holds 2,703.155 shares through a 401k plan and an additional 3,493.916 shares through a deferred compensation plan.
In other recent news, International Flavors & Fragrances reported second-quarter 2026 earnings and revenue that fell short of analysts’ expectations. The company posted adjusted earnings of $0.82 per share, missing the forecasted $1.09 per share, while revenue reached $1.95 billion, below the anticipated $2.68 billion. Despite these results, the company highlighted a 6% sales growth and a 6% EBITDA growth in its core business, driven by volume gains across its Scent, Taste, and Health & Biosciences segments. The company also noted a major portfolio overhaul and stronger cash flow, contributing to a higher full-year outlook.
In light of these developments, Oppenheimer raised its price target for International Flavors & Fragrances to $95 from $90, maintaining an Outperform rating. The firm attributed this upgrade to the company’s strong underlying performance and initial results from its transformed business operations. Investors appeared to focus on these positive aspects, as evidenced by a rise in the company’s share price in after-hours trading. These updates reflect a period of significant transformation and strategic adjustments for International Flavors & Fragrances.
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