International Flavors & Fragrances (NYSE:IFF) PT Raised to $110.00

International Flavors & Fragrances (NYSE:IFF) had its target price boosted by JPMorgan Chase & Co. from $102.00 to $110.00 in a research note published on Friday morning, Benzinga reports. They currently have an overweight rating on the specialty chemicals company’s stock.

IFF has been the subject of several other reports. Stifel Nicolaus raised shares of International Flavors & Fragrances from a hold rating to a buy rating and raised their target price for the stock from $95.00 to $115.00 in a research report on Monday, July 22nd. Wells Fargo & Company lifted their price objective on International Flavors & Fragrances from $110.00 to $115.00 and gave the company an overweight rating in a research report on Thursday, August 8th. Citigroup upped their target price on International Flavors & Fragrances from $108.00 to $116.00 and gave the stock a buy rating in a report on Friday, July 12th. Oppenheimer began coverage on International Flavors & Fragrances in a research note on Friday, June 7th. They issued an outperform rating and a $116.00 target price for the company. Finally, Mizuho raised International Flavors & Fragrances from a neutral rating to an outperform rating and upped their price target for the stock from $109.00 to $120.00 in a research note on Tuesday, September 3rd. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and nine have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of Hold and a consensus price target of $103.80.

International Flavors & Fragrances Stock Up 0.5 %

NYSE IFF opened at $103.48 on Friday. International Flavors & Fragrances has a 1 year low of $62.28 and a 1 year high of $105.30. The stock has a market capitalization of $26.42 billion, a PE ratio of -10.59, a PEG ratio of 1.84 and a beta of 1.22. The company has a debt-to-equity ratio of 0.60, a current ratio of 2.38 and a quick ratio of 1.75. The business’s 50-day moving average is $98.53 and its 200 day moving average is $92.12.

International Flavors & Fragrances (NYSE:IFF) last issued its quarterly earnings data on Tuesday, August 6th. The specialty chemicals company reported $1.16 earnings per share for the quarter, topping analysts’ consensus estimates of $1.01 by $0.15. The firm had revenue of $2.89 billion for the quarter, compared to analyst estimates of $2.83 billion. International Flavors & Fragrances had a positive return on equity of 6.63% and a negative net margin of 20.82%. The business’s quarterly revenue was down 1.4% compared to the same quarter last year. During the same period last year, the company earned $0.86 EPS. Sell-side analysts forecast that International Flavors & Fragrances will post 4.22 earnings per share for the current year.

International Flavors & Fragrances Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 9th. Shareholders of record on Friday, September 20th will be paid a dividend of $0.40 per share. The ex-dividend date of this dividend is Friday, September 20th. This represents a $1.60 dividend on an annualized basis and a yield of 1.55%. International Flavors & Fragrances’s dividend payout ratio is currently -16.38%.

Insider Transactions at International Flavors & Fragrances

In related news, insider Angela Strzelecki sold 2,588 shares of the company’s stock in a transaction that occurred on Thursday, June 13th. The stock was sold at an average price of $95.66, for a total value of $247,568.08. Following the transaction, the insider now directly owns 8,539 shares of the company’s stock, valued at approximately $816,840.74. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 0.20% of the company’s stock.

Hedge Funds Weigh In On International Flavors & Fragrances

A number of hedge funds have recently bought and sold shares of the business. Riverview Trust Co purchased a new stake in International Flavors & Fragrances during the 1st quarter valued at $27,000. Quent Capital LLC lifted its holdings in International Flavors & Fragrances by 183.2% in the first quarter. Quent Capital LLC now owns 371 shares of the specialty chemicals company’s stock valued at $32,000 after acquiring an additional 240 shares during the period. Family Firm Inc. purchased a new position in International Flavors & Fragrances in the second quarter worth about $38,000. Principal Securities Inc. bought a new stake in shares of International Flavors & Fragrances during the 4th quarter valued at about $43,000. Finally, Fidelis Capital Partners LLC purchased a new stake in shares of International Flavors & Fragrances during the 1st quarter valued at about $44,000. Hedge funds and other institutional investors own 96.02% of the company’s stock.

About International Flavors & Fragrances

International Flavors & Fragrances Inc, together with its subsidiaries, manufactures and sells cosmetic active and natural health ingredients for use in various consumer products in the United States, Europe, and internationally. It operates through four segments: Nourish, Health & Biosciences, Scent, and Pharma Solutions.