Carl Icahn Stock Portfolio: Top 10 Stock Picks

4. International Flavors & Fragrances Inc. (NYSE:IFF)

Carl Icahn’s Q4 2024 Stake: $317 million

International Flavors & Fragrances (NYSE:IFF) is a New York-based company that operates as a global leader in providing creative solutions to the food, health, beauty, and pharmaceutical industries. Nourish, Health & Biosciences, Scent, and Pharma Solutions are the company’s four core business segments.

International Flavors & Fragrances Inc. (NYSE:IFF) recently announced a $70 million investment to expand its Cedar Rapids, Iowa, factory and boost its position in the healthy snack industry. The 47,000-square-foot facility improvement is projected to be completely operational by the second half of 2026. The expansion will allow IFF to produce its TAURA by IFF fruit ingredients domestically, giving it a competitive advantage in the industry.

Furthermore, International Flavors & Fragrances Inc. (NYSE:IFF) reported higher-than-expected results for the fourth quarter of 2024, with earnings per share of $0.97, above the prediction of $0.82. Revenue for the quarter was $2.8 billion, beating expectations of $2.69 billion.