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

Shares of International Flavors & Fragrances Inc. (NYSE:IFF) have received a consensus recommendation of “Moderate Buy” from the fourteen ratings firms that are currently covering the stock, MarketBeat Ratings reports. One analyst has rated the stock with a sell recommendation, two have assigned a hold recommendation and eleven have assigned a buy recommendation to the company. The average 12 month price objective among brokers that have updated their coverage on the stock in the last year is $94.54.

A number of research analysts have issued reports on IFF shares. Oppenheimer cut their target price on shares of International Flavors & Fragrances from $104.00 to $89.00 and set an “outperform” rating on the stock in a research report on Tuesday. Wells Fargo & Company reduced their price objective on shares of International Flavors & Fragrances from $105.00 to $90.00 and set an “overweight” rating on the stock in a research note on Wednesday, April 9th. Barclays lowered their target price on shares of International Flavors & Fragrances from $82.00 to $76.00 and set an “equal weight” rating for the company in a report on Monday, April 14th. Mizuho cut their price target on International Flavors & Fragrances from $95.00 to $87.00 and set an “outperform” rating on the stock in a research note on Tuesday, April 15th. Finally, Stifel Nicolaus decreased their price objective on International Flavors & Fragrances from $105.00 to $91.00 and set a “buy” rating for the company in a research note on Thursday, April 10th.

International Flavors & Fragrances Trading Up 2.8 %

IFF opened at $74.76 on Wednesday. International Flavors & Fragrances has a 1-year low of $65.85 and a 1-year high of $106.77. The company has a current ratio of 1.84, a quick ratio of 1.93 and a debt-to-equity ratio of 0.54. The firm has a 50-day moving average price of $77.72 and a two-hundred day moving average price of $85.98. The stock has a market capitalization of $19.12 billion, a PE ratio of 79.53, a PEG ratio of 1.45 and a beta of 1.21.

International Flavors & Fragrances (NYSE:IFF) last posted its quarterly earnings data on Tuesday, February 18th. The specialty chemicals company reported $0.97 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.83 by $0.14. The firm had revenue of $2.77 billion for the quarter, compared to the consensus estimate 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 analysts anticipate that International Flavors & Fragrances will post 4.32 earnings per share for the current fiscal year.

International Flavors & Fragrances Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, April 11th. Shareholders of record on Friday, March 21st were issued a dividend of $0.40 per share. The ex-dividend date was Friday, March 21st. This represents a $1.60 annualized dividend and a yield of 2.14%. International Flavors & Fragrances’s dividend payout ratio (DPR) is currently 170.21%.

Insider Buying and Selling at International Flavors & Fragrances

In other news, Director Kevin O’byrne purchased 6,500 shares of the company’s stock in a transaction on Wednesday, March 5th. The shares were purchased at an average price 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 trade represents a ∞ increase in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Insiders own 0.20% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of IFF. Wilmington Savings Fund Society FSB bought a new position in shares of International Flavors & Fragrances during the 3rd quarter worth approximately $406,000. Tidal Investments LLC grew its position in International Flavors & Fragrances by 9.3% in the third quarter. Tidal Investments LLC now owns 8,809 shares of the specialty chemicals company’s stock valued at $924,000 after purchasing an additional 750 shares in the last quarter. Principal Financial Group Inc. increased its stake in International Flavors & Fragrances by 2.1% in the 3rd quarter. Principal Financial Group Inc. now owns 470,676 shares of the specialty chemicals company’s stock valued at $49,388,000 after buying an additional 9,555 shares during the last quarter. Versant Capital Management Inc lifted its position in International Flavors & Fragrances by 46.8% during the 4th quarter. Versant Capital Management Inc now owns 1,041 shares of the specialty chemicals company’s stock worth $88,000 after buying an additional 332 shares in the last quarter. Finally, Central Pacific Bank Trust Division boosted its stake in shares of International Flavors & Fragrances by 8.2% during the 4th quarter. Central Pacific Bank Trust Division now owns 10,600 shares of the specialty chemicals company’s stock worth $896,000 after buying an additional 800 shares during the last quarter. 96.02% of the stock is currently owned by institutional investors.

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.