Brokerages Set International Flavors & Fragrances Inc. (NYSE:IFF) PT at $91.16

International Flavors & Fragrances Inc. (NYSE:IFF) has been given an average recommendation of “Moderate Buy” by the eighteen ratings firms that are currently covering the stock, MarketBeat reports. Five analysts have rated the stock with a hold recommendation and thirteen have assigned a buy recommendation to the company. The average 12 month price objective among brokerages that have updated their coverage on the stock in the last year is $91.1647.

Several research firms have issued reports on IFF. Argus raised their target price on International Flavors & Fragrances from $80.00 to $85.00 and gave the stock a “buy” rating in a research note on Tuesday, June 30th. Citigroup lowered their price target on International Flavors & Fragrances from $96.00 to $88.00 and set a “buy” rating for the company in a report on Wednesday, June 24th. Weiss Ratings raised International Flavors & Fragrances from a “sell (d)” rating to a “hold (c)” rating in a research report on Wednesday, May 6th. JPMorgan Chase & Co. boosted their price objective on shares of International Flavors & Fragrances from $90.00 to $92.00 and gave the company an “overweight” rating in a report on Thursday, May 7th. Finally, Deutsche Bank Aktiengesellschaft decreased their target price on shares of International Flavors & Fragrances from $95.00 to $90.00 and set a “buy” rating on the stock in a research report on Monday, June 1st.

International Flavors & Fragrances Stock Performance

International Flavors & Fragrances stock opened at $73.73 on Friday. The firm has a 50 day simple moving average of $76.49 and a 200-day simple moving average of $74.61. The stock has a market cap of $18.82 billion, a price-to-earnings ratio of 22.55, a price-to-earnings-growth ratio of 1.93 and a beta of 0.93. The company has a debt-to-equity ratio of 0.33, a current ratio of 1.49 and a quick ratio of 0.87. International Flavors & Fragrances has a 1-year low of $59.14 and a 1-year high of $84.45.

International Flavors & Fragrances (NYSE:IFF) last released its quarterly earnings results on Tuesday, May 5th. The specialty chemicals company reported $1.25 EPS for the quarter, beating the consensus estimate of $1.08 by $0.17. The firm had revenue of $2.74 billion for the quarter, compared to analyst estimates of $2.64 billion. International Flavors & Fragrances had a net margin of 7.78% and a return on equity of 7.65%. The business’s revenue for the quarter was down 3.6% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.20 EPS. On average, analysts expect that International Flavors & Fragrances will post 4.55 EPS for the current year.

International Flavors & Fragrances Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, July 10th. Shareholders of record on Thursday, June 18th were issued a dividend of $0.40 per share. The ex-dividend date was Thursday, June 18th. This represents a $1.60 dividend on an annualized basis and a yield of 2.2%. International Flavors & Fragrances’s dividend payout ratio is 48.93%.

Insider Buying and Selling

In related news, Director Paul J. Fribourg acquired 260,000 shares of the business’s stock in a transaction dated Monday, June 1st. The shares were acquired at an average price of $74.28 per share, with a total value of $19,312,800.00. Following the completion of the transaction, the director owned 2,682,730 shares of the company’s stock, valued at $199,273,184.40. The trade was a 10.73% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 1.07% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On International Flavors & Fragrances

Institutional investors and hedge funds have recently modified their holdings of the company. Tran Capital Management L.P. purchased a new stake in shares of International Flavors & Fragrances in the 4th quarter valued at about $21,924,000. First Eagle Investment Management LLC increased its position in International Flavors & Fragrances by 27.5% during the fourth quarter. First Eagle Investment Management LLC now owns 8,831,668 shares of the specialty chemicals company’s stock worth $595,166,000 after buying an additional 1,904,598 shares during the period. Swiss Life Asset Management Ltd lifted its stake in International Flavors & Fragrances by 117.0% in the fourth quarter. Swiss Life Asset Management Ltd now owns 148,377 shares of the specialty chemicals company’s stock valued at $9,999,000 after buying an additional 80,014 shares during the last quarter. UBS Group AG lifted its stake in International Flavors & Fragrances by 53.5% in the fourth quarter. UBS Group AG now owns 1,695,343 shares of the specialty chemicals company’s stock valued at $114,249,000 after buying an additional 590,997 shares during the last quarter. Finally, Cantor Fitzgerald Investment Advisors L.P. boosted its holdings in shares of International Flavors & Fragrances by 38.1% in the fourth quarter. Cantor Fitzgerald Investment Advisors L.P. now owns 199,302 shares of the specialty chemicals company’s stock valued at $13,431,000 after acquiring an additional 54,971 shares during the period. Institutional investors and hedge funds own 96.02% of the company’s stock.

About International Flavors & Fragrances

International Flavors & Fragrances Inc (NYSE:IFF) is a global leader in the creation and production of flavors, fragrances, cosmetic actives and nutritional lipids. The company develops taste and scent solutions for a wide array of end markets including food and beverage, personal care, household goods and pharmaceutical products. Its portfolio spans natural and nature-identical flavors, fine fragrances, functional ingredients for skin and hair care, and specialty oils that enhance nutritional value and sensory appeal.

IFF’s research and development network comprises innovation centers in North America, Europe, Asia-Pacific and Latin America, where multidisciplinary teams collaborate on aroma chemistry, sensory science and biotechnology.