International Flavors & Fragrances (NYSE:IFF) Reaches New 12-Month Low – What’s Next?

International Flavors & Fragrances Inc. (NYSE:IFF) shares reached a new 52-week low during trading on Friday . The stock traded as low as $77.28 and last traded at $78.00, with a volume of 542947 shares traded. The stock had previously closed at $79.34.

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on IFF. Citigroup decreased their target price on International Flavors & Fragrances from $110.00 to $105.00 and set a “buy” rating for the company in a report on Wednesday, December 18th. JPMorgan Chase & Co. decreased their target price on International Flavors & Fragrances from $107.00 to $104.00 and set an “overweight” rating for the company in a report on Thursday, February 20th. Argus upgraded International Flavors & Fragrances from a “hold” rating to a “buy” rating in a report on Tuesday, January 7th. Stifel Nicolaus decreased their target price on International Flavors & Fragrances from $113.00 to $105.00 and set a “buy” rating for the company in a report on Monday, February 3rd. Finally, Bank of America cut their price target 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. One research analyst has rated the stock with a sell rating, three have issued a hold rating and eleven have assigned a buy rating to the company. Based on data from MarketBeat, International Flavors & Fragrances presently has an average rating of “Moderate Buy” and a consensus price target of $103.77.

International Flavors & Fragrances Price Performance

The stock has a 50-day moving average price of $83.30 and a 200 day moving average price of $91.05. The company has a debt-to-equity ratio of 0.54, a current ratio of 1.84 and a quick ratio of 1.93. The firm has a market cap of $20.02 billion, a price-to-earnings ratio of 83.26, a PEG ratio of 1.45 and a beta of 1.21.

International Flavors & Fragrances (NYSE:IFF) last issued its quarterly earnings results on Tuesday, February 18th. The specialty chemicals company reported $0.97 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.83 by $0.14. The firm had revenue of $2.77 billion for the quarter, compared to analysts’ expectations of $2.67 billion. International Flavors & Fragrances had a return on equity of 7.72% and a net margin of 2.12%. As a group, equities research analysts forecast that International Flavors & Fragrances Inc. will post 4.32 earnings per share for the current fiscal 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. This represents a $1.60 annualized dividend and a yield of 2.04%. The ex-dividend date of this dividend is Friday, March 21st. International Flavors & Fragrances’s dividend payout ratio (DPR) is presently 170.21%.

Insider Activity at International Flavors & Fragrances

In other International Flavors & Fragrances news, Director Kevin O’byrne acquired 6,500 shares of the stock in a transaction on Wednesday, March 5th. The shares were bought at an average price of $80.44 per share, with a total value of $522,860.00. Following the acquisition, the director now owns 6,500 shares of the company’s stock, valued at $522,860. This trade represents a ∞ increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. 0.20% of the stock is currently owned by insiders.

Institutional Investors Weigh In On International Flavors & Fragrances

Institutional investors have recently added to or reduced their stakes in the business. Compagnie Lombard Odier SCmA boosted its holdings in International Flavors & Fragrances by 11.1% in the 4th quarter. Compagnie Lombard Odier SCmA now owns 114,179 shares of the specialty chemicals company’s stock valued at $9,654,000 after purchasing an additional 11,406 shares in the last quarter. Choreo LLC boosted its holdings in International Flavors & Fragrances by 55.7% in the 4th quarter. Choreo LLC now owns 24,401 shares of the specialty chemicals company’s stock valued at $2,055,000 after purchasing an additional 8,728 shares in the last quarter. Covea Finance boosted its holdings in International Flavors & Fragrances by 79.0% in the 4th quarter. Covea Finance now owns 123,090 shares of the specialty chemicals company’s stock valued at $10,407,000 after purchasing an additional 54,340 shares in the last quarter. U.S. Capital Wealth Advisors LLC purchased a new stake in International Flavors & Fragrances in the 4th quarter valued at approximately $7,508,000. Finally, S.E.E.D. Planning Group LLC boosted its stake in shares of International Flavors & Fragrances by 372.9% during the 4th quarter. S.E.E.D. Planning Group LLC now owns 63,104 shares of the specialty chemicals company’s stock worth $5,335,000 after acquiring an additional 49,761 shares in the last quarter. Hedge funds and other institutional investors own 96.02% of the company’s stock.

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.