International Flavors & Fragrances Inc. (NYSE:IFF) Receives Consensus Rating of “Moderate Buy” from Brokerages

International Flavors & Fragrances Inc. (NYSE:IFF) has been assigned an average recommendation of “Moderate Buy” from the fifteen analysts that are covering the firm, Marketbeat reports. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and twelve have given a buy rating to the company. The average 12 month target price among brokerages that have issued ratings on the stock in the last year is $92.3571.

Several research analysts recently commented on IFF shares. Morgan Stanley dropped their price target on International Flavors & Fragrances from $100.00 to $98.00 and set an “overweight” rating for the company in a research report on Tuesday, May 13th. Wells Fargo & Company dropped their price target on International Flavors & Fragrances from $90.00 to $85.00 and set an “overweight” rating for the company in a research report on Thursday, August 7th. Barclays dropped their price target on International Flavors & Fragrances from $84.00 to $78.00 and set an “overweight” rating for the company in a research report on Friday, August 8th. Citigroup lifted their price target on International Flavors & Fragrances from $84.00 to $90.00 and gave the stock a “buy” rating in a research report on Thursday, May 8th. Finally, UBS Group dropped their target price on International Flavors & Fragrances from $83.00 to $79.00 and set a “neutral” rating for the company in a research report on Wednesday, August 6th.

International Flavors & Fragrances Trading Down 1.2%

Shares of IFF stock opened at $67.17 on Tuesday. The firm has a market capitalization of $17.21 billion, a PE ratio of -43.34, a PEG ratio of 2.94 and a beta of 1.04. The stock has a fifty day simple moving average of $72.13 and a two-hundred day simple moving average of $75.70. The company has a debt-to-equity ratio of 0.39, a quick ratio of 1.12 and a current ratio of 1.86. International Flavors & Fragrances has a 52-week low of $62.33 and a 52-week high of $106.77.

International Flavors & Fragrances (NYSE:IFF) last released its quarterly earnings results on Tuesday, August 5th. The specialty chemicals company reported $1.15 EPS for the quarter, topping the consensus estimate of $1.11 by $0.04. The company had revenue of $2.76 billion during the quarter, compared to analyst estimates of $2.69 billion. International Flavors & Fragrances had a positive return on equity of 7.95% and a negative net margin of 3.48%.The firm’s revenue was down 4.3% on a year-over-year basis. During the same quarter last year, the business posted $1.16 earnings per share. International Flavors & Fragrances has set its FY 2025 guidance at EPS. On average, analysts predict that International Flavors & Fragrances will post 4.32 EPS for the current fiscal year.

International Flavors & Fragrances Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, October 10th. Shareholders of record on Monday, September 29th will be given a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a dividend yield of 2.4%. The ex-dividend date is Monday, September 29th. International Flavors & Fragrances’s payout ratio is -103.23%.

Insider Activity at International Flavors & Fragrances

In other International Flavors & Fragrances news, CEO J Erik Fyrwald bought 15,300 shares of the company’s stock in a transaction on Thursday, August 7th. The stock was acquired at an average price of $64.95 per share, for a total transaction of $993,735.00. Following the completion of the transaction, the chief executive officer directly owned 77,370 shares of the company’s stock, valued at approximately $5,025,181.50. This represents a 24.65% increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Paul J. Fribourg bought 15,450 shares of the company’s stock in a transaction on Thursday, August 7th. The shares were acquired at an average price of $64.80 per share, with a total value of $1,001,160.00. Following the transaction, the director directly owned 15,450 shares of the company’s stock, valued at approximately $1,001,160. This trade represents a ∞ increase in their ownership of the stock. The disclosure for this purchase can be found here. 0.17% of the stock is owned by insiders.

Institutional Trading of International Flavors & Fragrances

Several institutional investors and hedge funds have recently modified their holdings of the stock. Wahed Invest LLC raised its stake in shares of International Flavors & Fragrances by 2.1% during the fourth quarter. Wahed Invest LLC now owns 6,339 shares of the specialty chemicals company’s stock valued at $536,000 after acquiring an additional 130 shares in the last quarter. Blue Trust Inc. raised its stake in International Flavors & Fragrances by 7.6% in the second quarter. Blue Trust Inc. now owns 2,184 shares of the specialty chemicals company’s stock worth $161,000 after buying an additional 155 shares in the last quarter. Horizon Investments LLC raised its stake in International Flavors & Fragrances by 4.9% in the first quarter. Horizon Investments LLC now owns 3,671 shares of the specialty chemicals company’s stock worth $285,000 after buying an additional 172 shares in the last quarter. UMB Bank n.a. raised its stake in International Flavors & Fragrances by 17.3% in the second quarter. UMB Bank n.a. now owns 1,290 shares of the specialty chemicals company’s stock worth $95,000 after buying an additional 190 shares in the last quarter. Finally, Eastern Bank raised its stake in International Flavors & Fragrances by 43.9% in the second quarter. Eastern Bank now owns 633 shares of the specialty chemicals company’s stock worth $47,000 after buying an additional 193 shares in the last quarter. 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.