International Flavors & Fragrances Inc. (NYSE:IFF) Receives $92.54 Consensus PT from Brokerages

Shares of International Flavors & Fragrances Inc. (NYSE:IFF) have been given an average rating of “Moderate Buy” by the fourteen brokerages that are currently covering the firm, Marketbeat.com reports. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and twelve have assigned a buy rating to the company. The average twelve-month price objective among brokers that have updated their coverage on the stock in the last year is $92.54.

IFF has been the topic of a number of analyst reports. Barclays raised International Flavors & Fragrances from an “equal weight” rating to an “overweight” rating and upped their target price for the company from $76.00 to $84.00 in a research note on Thursday, May 8th. Bank of America cut their target price on International Flavors & Fragrances from $105.00 to $101.00 and set a “buy” rating on the stock in a research note on Thursday, February 20th. Oppenheimer lowered their price target on International Flavors & Fragrances from $104.00 to $89.00 and set an “outperform” rating for the company in a report on Tuesday, April 22nd. Mizuho lowered their price target on International Flavors & Fragrances from $95.00 to $87.00 and set an “outperform” rating for the company in a report on Tuesday, April 15th. Finally, Citigroup boosted their price target on International Flavors & Fragrances from $84.00 to $90.00 and gave the company a “buy” rating in a report on Thursday, May 8th.

International Flavors & Fragrances Trading Down 1.8%

IFF opened at $75.66 on Friday. The stock has a market cap of $19.35 billion, a price-to-earnings ratio of 80.48, a P/E/G ratio of 1.45 and a beta of 1.08. The stock’s 50 day moving average price is $75.64 and its 200-day moving average price is $82.17. International Flavors & Fragrances has a one year low of $65.85 and a one year high of $106.77. The company has a debt-to-equity ratio of 0.54, a quick ratio of 1.93 and a current ratio of 1.84.

International Flavors & Fragrances (NYSE:IFF) last released its earnings results on Tuesday, May 6th. The specialty chemicals company reported $1.20 EPS for the quarter, beating analysts’ consensus estimates of $1.12 by $0.08. The firm had revenue of $2.84 billion for the quarter, compared to analysts’ expectations of $2.83 billion. International Flavors & Fragrances had a return on equity of 7.72% and a net margin of 2.12%. The company’s quarterly revenue was down 1.9% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.13 earnings per share. On average, equities analysts forecast that International Flavors & Fragrances will post 4.32 EPS for the current year.

International Flavors & Fragrances Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, July 11th. Investors of record on Friday, June 20th will be paid a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a yield of 2.11%. The ex-dividend date is Friday, June 20th. International Flavors & Fragrances’s dividend payout ratio (DPR) is -48.93%.

Insider Buying and Selling

In related news, CAO Beril Yildiz sold 2,400 shares of the business’s stock in a transaction that occurred on Monday, May 19th. The shares were sold at an average price of $77.33, for a total value of $185,592.00. Following the completion of the transaction, the chief accounting officer now owns 3,321 shares of the company’s stock, valued at $256,812.93. The trade was a 41.95% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Kevin O’byrne acquired 6,500 shares of International Flavors & Fragrances stock in a transaction that occurred on Wednesday, March 5th. The stock was acquired at an average cost of $80.44 per share, with a total value of $522,860.00. Following the purchase, the director now directly owns 6,500 shares of the company’s stock, valued at $522,860. This represents a ? increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders acquired 24,050 shares of company stock valued at $1,869,147 over the last 90 days. Corporate insiders own 0.20% of the company’s stock.

Hedge Funds Weigh In On International Flavors & Fragrances

A number of large investors have recently bought and sold shares of the business. Freemont Capital Pte Ltd acquired a new position in shares of International Flavors & Fragrances during the fourth quarter worth $2,143,882,000. Norges Bank acquired a new stake in shares of International Flavors & Fragrances in the 4th quarter worth $452,363,000. Dodge & Cox boosted its position in shares of International Flavors & Fragrances by 11.9% in the 4th quarter. Dodge & Cox now owns 31,437,763 shares of the specialty chemicals company’s stock worth $2,658,063,000 after purchasing an additional 3,355,381 shares in the last quarter. Van ECK Associates Corp boosted its position in shares of International Flavors & Fragrances by 41.6% in the 4th quarter. Van ECK Associates Corp now owns 5,664,250 shares of the specialty chemicals company’s stock worth $478,912,000 after purchasing an additional 1,663,629 shares in the last quarter. Finally, Nuveen LLC acquired a new stake in shares of International Flavors & Fragrances in the 1st quarter worth $57,324,000. Institutional investors own 96.02% of the company’s stock.

About International Flavors & Fragrances

International Flavors & Fragrances, Inc engages in the manufacture and supply of flavors and fragrances used in the food, beverage, personal care, and household products industries. It operates through the following segments: Nourish, Health & Biosciences, Scent and Pharma Solutions. The Nourish segment consists of legacy Taste segment combined with N&B’s Food & Beverage division and the food protection business of N&B’s Health & Biosciences division.