International Flavors & Fragrances Inc. (NYSE:IFF) Stock Has Consensus Target Price of $94.28 According to Analysts

International Flavors & Fragrances Inc. (NYSE:IFF) has been assigned a consensus rating of “Moderate Buy” from the nineteen research firms that are presently covering the firm, Marketbeat Ratings reports. Six analysts have rated the stock with a hold recommendation, twelve have given a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1 year target price among brokerages that have covered the stock in the last year is $94.28.

IFF has been the subject of a number of research reports. KeyCorp started coverage on shares of International Flavors & Fragrances in a report on Thursday, September 10th. They issued a “sector weight” rating for the company. UBS Group raised their target price on shares of International Flavors & Fragrances from $84.00 to $91.00 and gave the company a “neutral” rating in a report on Thursday, August 6th. Oppenheimer upped their price objective on International Flavors & Fragrances from $95.00 to $108.00 and gave the stock an “outperform” rating in a research report on Thursday, October 22nd. Vertical Research lowered shares of International Flavors & Fragrances from a “buy” rating to a “hold” rating and set a $93.00 price target on the stock. in a research note on Thursday, August 6th. Finally, Citigroup dropped their price target on International Flavors & Fragrances from $101.00 to $100.00 and set a “buy” rating on the stock in a research note on Wednesday, October 7th.

Insider Activity

In related news, CAO Marc Birenkrant sold 1,000 shares of the company’s stock in a transaction on Friday, August 7th. The shares were sold at an average price of $85.00, for a total value of $85,000.00. Following the completion of the sale, the chief accounting officer owned 3,446 shares in the company, valued at $292,910. This represents a 22.49% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Michael Deveau sold 8,825 shares of the stock in a transaction on Thursday, August 6th. The stock was sold at an average price of $85.55, for a total transaction of $754,978.75. Following the sale, the executive vice president owned 5,199 shares of the company’s stock, valued at approximately $444,774.45. This represents a 62.93% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold 15,543 shares of company stock valued at $1,315,659 in the last ninety days. 1.07% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On International Flavors & Fragrances

Hedge funds have recently made changes to their positions in the business. Studio Investment Management LLC increased its position in International Flavors & Fragrances by 3.7% in the 2nd quarter. Studio Investment Management LLC now owns 3,916 shares of the specialty chemicals company’s stock valued at $312,000 after acquiring an additional 138 shares during the period. Parkside Financial Bank & Trust raised its stake in International Flavors & Fragrances by 27.9% during the 2nd quarter. Parkside Financial Bank & Trust now owns 706 shares of the specialty chemicals company’s stock valued at $56,000 after acquiring an additional 154 shares during the last quarter. Waverly Advisors LLC lifted its position in International Flavors & Fragrances by 4.2% during the 2nd quarter. Waverly Advisors LLC now owns 3,850 shares of the specialty chemicals company’s stock worth $305,000 after acquiring an additional 156 shares during the period. HB Wealth Management LLC lifted its position in International Flavors & Fragrances by 2.8% during the 2nd quarter. HB Wealth Management LLC now owns 6,272 shares of the specialty chemicals company’s stock worth $497,000 after acquiring an additional 171 shares during the period. Finally, Chicago Partners Investment Group LLC increased its holdings in shares of International Flavors & Fragrances by 2.5% in the third quarter. Chicago Partners Investment Group LLC now owns 8,473 shares of the specialty chemicals company’s stock valued at $798,000 after purchasing an additional 207 shares during the period. Institutional investors and hedge funds own 96.02% of the company’s stock.

International Flavors & Fragrances Price Performance

NYSE:IFF opened at $93.00 on Friday. International Flavors & Fragrances has a 52 week low of $61.29 and a 52 week high of $94.65. The company has a market capitalization of $23.73 billion, a P/E ratio of 85.32, a P/E/G ratio of 3.99 and a beta of 0.91. The stock’s fifty day moving average is $86.85 and its two-hundred day moving average is $78.53. The company has a quick ratio of 1.72, a current ratio of 2.06 and a debt-to-equity ratio of 0.34.

International Flavors & Fragrances (NYSE:IFF) last issued its quarterly earnings data on Tuesday, August 4th. The specialty chemicals company reported $0.82 EPS for the quarter, missing the consensus estimate of $1.07 by ($0.25). International Flavors & Fragrances had a return on equity of 7.11% and a net margin of 2.78%. The company had revenue of $1.95 billion during the quarter, compared to analyst estimates of $2.62 billion. During the same quarter in the prior year, the company posted $1.15 earnings per share. The business’s revenue was up 1.8% compared to the same quarter last year. Equities analysts expect that International Flavors & Fragrances will post 3.24 EPS for the current year.

International Flavors & Fragrances Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 13th. Stockholders of record on Saturday, December 19th will be issued a $0.40 dividend. This represents a $1.60 annualized dividend and a dividend yield of 1.7%. The ex-dividend date of this dividend is Friday, December 18th. International Flavors & Fragrances’s dividend payout ratio is presently 146.79%.

International Flavors & Fragrances declared that its Board of Directors has initiated a share repurchase program on Tuesday, August 4th that allows the company to buy back $2.50 billion in shares. This buyback authorization allows the specialty chemicals company to buy up to 12.1% of its shares through open market purchases. Stock buyback programs are often an indication that the company’s management believes its stock is undervalued.

International Flavors & Fragrances Company Profile

International Flavors & Fragrances Inc (NYSE:IFF) develops and manufactures ingredients, flavor systems, fragrances and specialty solutions used in consumer and industrial products. Its offerings support food and beverage manufacturers, fragrance and personal care companies, household-product makers, pharmaceutical businesses and other customers.

The company’s portfolio includes flavors for beverages, dairy products, sweet goods, savory foods and other applications; fragrances for fine fragrance, personal care and home care products; and functional ingredients, enzymes, cultures, natural extracts and other specialty materials.