International Flavors & Fragrances Inc. (NYSE:IFF) Given Average Rating of “Moderate Buy” by Brokerages

Shares of International Flavors & Fragrances Inc. (NYSE:IFF) have earned an average recommendation of “Moderate Buy” from the fifteen analysts that are presently covering the stock, MarketBeat reports. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and twelve have given a buy rating to the company. The average 12-month target price among brokers that have issued a report on the stock in the last year is $103.50.

IFF has been the subject of several research reports. Stifel Nicolaus dropped their price target on shares of International Flavors & Fragrances from $113.00 to $105.00 and set a “buy” rating for the company in a research note on Monday, February 3rd. Oppenheimer dropped their price target on shares of International Flavors & Fragrances from $114.00 to $104.00 and set an “outperform” rating for the company in a research note on Thursday, February 20th. JPMorgan Chase & Co. dropped their price target on shares of International Flavors & Fragrances from $107.00 to $104.00 and set an “overweight” rating for the company in a research note on Thursday, February 20th. Morgan Stanley upgraded shares of International Flavors & Fragrances from an “equal weight” rating to an “overweight” rating and dropped their price target for the stock from $111.00 to $110.00 in a research note on Tuesday, November 12th. Finally, Cfra downgraded shares of International Flavors & Fragrances from a “buy” rating to a “sell” rating and set a $77.00 price target for the company. in a research note on Thursday, February 20th.

Insider Activity at International Flavors & Fragrances

In related news, Director Kevin O’byrne purchased 6,500 shares of International Flavors & Fragrances stock in a transaction that occurred on Wednesday, March 5th. The stock was purchased at an average cost of $80.44 per share, with a total value of $522,860.00. Following the completion of the transaction, the director now directly owns 6,500 shares in the company, valued at approximately $522,860. The trade was a ∞ increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.20% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On International Flavors & Fragrances

A number of institutional investors and hedge funds have recently bought and sold shares of IFF. Siemens Fonds Invest GmbH raised its holdings in shares of International Flavors & Fragrances by 19.7% in the fourth quarter. Siemens Fonds Invest GmbH now owns 3,312 shares of the specialty chemicals company’s stock valued at $280,000 after buying an additional 545 shares during the last quarter. Universal Beteiligungs und Servicegesellschaft mbH purchased a new stake in shares of International Flavors & Fragrances in the fourth quarter valued at about $11,819,000. Jefferies Financial Group Inc. raised its holdings in shares of International Flavors & Fragrances by 378.0% in the fourth quarter. Jefferies Financial Group Inc. now owns 13,800 shares of the specialty chemicals company’s stock valued at $1,167,000 after buying an additional 10,913 shares during the last quarter. Mackenzie Financial Corp raised its holdings in shares of International Flavors & Fragrances by 7.6% in the fourth quarter. Mackenzie Financial Corp now owns 22,840 shares of the specialty chemicals company’s stock valued at $1,931,000 after buying an additional 1,621 shares during the last quarter. Finally, Forum Financial Management LP raised its holdings in shares of International Flavors & Fragrances by 58.8% in the fourth quarter. Forum Financial Management LP now owns 3,907 shares of the specialty chemicals company’s stock valued at $330,000 after buying an additional 1,446 shares during the last quarter. 96.02% of the stock is owned by hedge funds and other institutional investors.

International Flavors & Fragrances Stock Up 0.7 %

International Flavors & Fragrances stock opened at $82.60 on Tuesday. International Flavors & Fragrances has a fifty-two week low of $78.64 and a fifty-two week 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. The firm has a 50 day moving average price of $83.80 and a 200 day moving average price of $92.31. The company has a market capitalization of $21.12 billion, a PE ratio of 87.88, a price-to-earnings-growth ratio of 1.45 and a beta of 1.21.

International Flavors & Fragrances (NYSE:IFF) last posted its earnings results on Tuesday, February 18th. The specialty chemicals company reported $0.97 earnings per share for the quarter, beating the consensus estimate of $0.83 by $0.14. The firm had revenue of $2.77 billion during the quarter, compared to the consensus estimate of $2.67 billion. International Flavors & Fragrances had a net margin of 2.12% and a return on equity of 7.72%. Research analysts expect that International Flavors & Fragrances will post 4.32 earnings per share for the current year.

International Flavors & Fragrances Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, April 11th. Investors of record on Friday, March 21st will be given a $0.40 dividend. The ex-dividend date of this dividend is Friday, March 21st. This represents a $1.60 dividend on an annualized basis and a yield of 1.94%. International Flavors & Fragrances’s dividend payout ratio (DPR) is presently 170.21%.

International Flavors & Fragrances Company Profile

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.