SCHEDULE 13G/A: Dodge & Cox Amends Stake in International Flavors & Fragrances, Reports 12.3% Beneficial Ownership

Dodge & Cox, an investment adviser, has filed an amended Schedule 13G, disclosing a 12.3% beneficial ownership stake in International Flavors & Fragrances Inc. as of December 31, 2024.

Summary

• Dodge & Cox, an investment adviser based in California, USA, filed an Amendment No. 2 to Schedule 13G.
• The filing pertains to beneficial ownership of Common Stock in International Flavors & Fragrances Inc., with principal executive offices located at 521 West 57th Street, New York, New York.
• As of December 31, 2024, Dodge & Cox beneficially owned an aggregate of 31,437,763 shares of International Flavors & Fragrances Inc. Common Stock.
• This aggregate amount represents 12.3% of the class of securities.
• Dodge & Cox holds sole voting power over 29,981,063 shares and sole dispositive power over 31,437,763 shares.
• No shared voting power or shared dispositive power was reported.
• The filing indicates that the securities were acquired and are held in the ordinary course of business and not for the purpose or with the effect of changing or influencing the control of the issuer.
• Dodge & Cox Stock Fund, an investment company registered under the Investment Company Act of 1940 and a client of Dodge & Cox, has an interest of 16,105,896 shares, which constitutes 6.3% of the class of securities reported.

Sentiment

Score: 5

Explanation: Neutral, as this is a routine regulatory filing (Schedule 13G) reporting beneficial ownership, which does not inherently convey positive or negative sentiment about the company's performance or outlook.

Future Outlook

NA

Industry Context

This filing is a routine disclosure of institutional ownership and does not provide specific insights into broader industry trends or competitive dynamics within the flavors and fragrances sector. It primarily reflects an investment firm's passive stake in the company.

Stakeholder Impact

• Shareholders: Provides transparency regarding a significant institutional investor's passive stake in the company, which can influence investor perception and liquidity.

Key Dates

Keywords

International Flavors & Fragrances, IFF, Dodge & Cox, Schedule 13G, Beneficial Ownership, Common Stock, Investment Adviser, Institutional Ownership