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

Shares of International Flavors & Fragrances Inc. (NYSE:IFF) have earned an average recommendation of “Moderate Buy” from the fourteen ratings firms that are presently covering the company, Marketbeat reports. One analyst has rated the stock with a sell recommendation, one has assigned a hold recommendation and twelve have given a buy recommendation to the company. The average 12-month price objective among analysts that have issued ratings on the stock in the last year is $92.54.

IFF has been the subject of several recent analyst reports. Stifel Nicolaus reduced their target price on International Flavors & Fragrances from $105.00 to $91.00 and set a “buy” rating for the company in a research report on Thursday, April 10th. Oppenheimer reduced their price target 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, April 22nd. Robert W. Baird decreased their target price on shares of International Flavors & Fragrances from $110.00 to $100.00 and set an “outperform” rating on the stock in a research report on Thursday, May 8th. Barclays raised International Flavors & Fragrances from an “equal weight” rating to an “overweight” rating and boosted their target price for the company from $76.00 to $84.00 in a research note on Thursday, May 8th. Finally, Cfra cut International Flavors & Fragrances from a “buy” rating to a “sell” rating and set a $77.00 price target on the stock. in a research note on Thursday, February 20th.

International Flavors & Fragrances Price Performance

International Flavors & Fragrances stock opened at $77.68 on Friday. 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 company has a market cap of $19.87 billion, a price-to-earnings ratio of 82.64, a PEG ratio of 1.45 and a beta of 1.08. International Flavors & Fragrances has a 12 month low of $65.85 and a 12 month high of $106.77. The business’s 50 day simple moving average is $75.89 and its 200 day simple moving average is $82.66.

International Flavors & Fragrances (NYSE:IFF) last released its quarterly earnings data on Tuesday, May 6th. The specialty chemicals company reported $1.20 EPS for the quarter, topping the consensus estimate of $1.12 by $0.08. The company had revenue of $2.84 billion during the quarter, compared to the consensus estimate of $2.83 billion. International Flavors & Fragrances had a net margin of 2.12% and a return on equity of 7.72%. International Flavors & Fragrances’s revenue for the quarter was down 1.9% on a year-over-year basis. During the same period last year, the firm earned $1.13 EPS. Sell-side analysts forecast that International Flavors & Fragrances will post 4.32 EPS for the current year.

International Flavors & Fragrances Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, July 11th. Investors of record on Friday, June 20th will be paid a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a yield of 2.06%. The ex-dividend date is Friday, June 20th. International Flavors & Fragrances’s payout ratio is currently -48.93%.

Insiders Place Their Bets

In other news, CEO J Erik Fyrwald acquired 700 shares of the stock in a transaction on Thursday, May 8th. The stock was acquired at an average price of $74.00 per share, with a total value of $51,800.00. Following the completion of the transaction, the chief executive officer now owns 37,770 shares of the company’s stock, valued at $2,794,980. This represents a 1.89% increase in their position. The purchase was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director Mehmood Khan bought 4,000 shares of International Flavors & Fragrances stock in a transaction dated Thursday, May 15th. The stock was acquired at an average cost of $75.33 per share, for a total transaction of $301,320.00. Following the completion of the transaction, the director now directly owns 4,604 shares in the company, valued at approximately $346,819.32. This trade represents a 662.25% increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders purchased 11,200 shares of company stock worth $875,980 over the last three months. Company insiders own 0.20% of the company’s stock.

Hedge Funds Weigh In On International Flavors & Fragrances

A number of institutional investors and hedge funds have recently made changes to their positions in the business. SBI Securities Co. Ltd. bought a new stake in shares of International Flavors & Fragrances in the 4th quarter worth approximately $32,000. Banque Transatlantique SA bought a new stake in International Flavors & Fragrances in the first quarter worth $32,000. Fairway Wealth LLC purchased a new stake in shares of International Flavors & Fragrances in the fourth quarter worth $34,000. Rialto Wealth Management LLC bought a new position in shares of International Flavors & Fragrances during the fourth quarter valued at $42,000. Finally, Zions Bancorporation National Association UT purchased a new position in shares of International Flavors & Fragrances in the 1st quarter worth about $42,000. Institutional investors own 96.02% of the company’s stock.

About International Flavors & Fragrances

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.