International Flavors & Fragrances (NYSE:IFF) Given New $90.00 Price Target at Morgan Stanley

International Flavors & Fragrances (NYSE:IFF) had its price target reduced by Morgan Stanley from $92.00 to $90.00 in a research report report published on Monday morning, Marketbeat reports. They currently have an overweight rating on the specialty chemicals company’s stock.

IFF has been the topic of a number of other research reports. UBS Group lowered their target price on International Flavors & Fragrances from $83.00 to $79.00 and set a “neutral” rating on the stock in a research note on Wednesday, August 6th. Barclays lowered their target price on International Flavors & Fragrances from $84.00 to $78.00 and set an “overweight” rating on the stock in a research note on Friday, August 8th. BNP Paribas Exane lowered their target price on International Flavors & Fragrances from $96.00 to $92.00 and set an “outperform” rating on the stock in a research note on Thursday, September 11th. Wolfe Research upgraded International Flavors & Fragrances from an “underperform” rating to a “peer perform” rating in a research note on Monday, September 8th. Finally, Tigress Financial restated a “buy” rating and issued a $105.00 target price on shares of International Flavors & Fragrances in a research note on Tuesday, August 26th. Thirteen equities research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $91.80.

International Flavors & Fragrances Trading Down 2.1%

NYSE:IFF opened at $62.21 on Monday. The company has a debt-to-equity ratio of 0.39, a current ratio of 1.86 and a quick ratio of 1.12. International Flavors & Fragrances has a fifty-two week low of $62.17 and a fifty-two week high of $106.77. The stock’s 50-day moving average is $68.25 and its two-hundred day moving average is $73.31. The stock has a market cap of $15.94 billion, a PE ratio of -40.13, a price-to-earnings-growth ratio of 2.75 and a beta of 1.07.

International Flavors & Fragrances (NYSE:IFF) last released its earnings results on Tuesday, August 5th. The specialty chemicals company reported $1.15 earnings per share for the quarter, beating the consensus estimate of $1.11 by $0.04. International Flavors & Fragrances had a positive return on equity of 7.95% and a negative net margin of 3.48%.The company had revenue of $2.76 billion for the quarter, compared to analysts’ expectations of $2.69 billion. During the same quarter in the previous year, the business posted $1.16 EPS. The business’s revenue for the quarter was down 4.3% on a year-over-year basis. International Flavors & Fragrances has set its FY 2025 guidance at EPS. As a group, equities research analysts forecast 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 disclosed a quarterly dividend, which will be paid on Friday, October 10th. Investors of record on Monday, September 29th will be paid a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a dividend yield of 2.6%. The ex-dividend date of this dividend is Monday, September 29th. International Flavors & Fragrances’s dividend payout ratio (DPR) is presently -103.23%.

Insider Buying and Selling

In related news, Director Paul J. Fribourg acquired 15,450 shares of the business’s stock in a transaction that occurred on Thursday, August 7th. The shares were acquired at an average cost of $64.80 per share, with a total value of $1,001,160.00. Following the purchase, the director owned 15,450 shares of the company’s stock, valued at approximately $1,001,160. The trade was 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 the SEC website. Also, CEO J Erik Fyrwald acquired 15,300 shares of the business’s stock in a transaction that occurred on Thursday, August 7th. The shares were acquired at an average cost of $64.95 per share, with a total value of $993,735.00. Following the transaction, the chief executive officer directly owned 77,370 shares in the company, valued at $5,025,181.50. The trade was a 24.65% increase in their position. The disclosure for this purchase can be found here. 0.17% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On International Flavors & Fragrances

Several large investors have recently made changes to their positions in the business. Blue Trust Inc. lifted its position in shares of International Flavors & Fragrances by 7.6% during the 2nd quarter. Blue Trust Inc. now owns 2,184 shares of the specialty chemicals company’s stock worth $161,000 after purchasing an additional 155 shares during the last quarter. Horizon Investments LLC lifted its position in shares of International Flavors & Fragrances by 4.9% during the 1st quarter. Horizon Investments LLC now owns 3,671 shares of the specialty chemicals company’s stock worth $285,000 after purchasing an additional 172 shares during the last quarter. UMB Bank n.a. lifted its position in shares of International Flavors & Fragrances by 17.3% during the 2nd quarter. UMB Bank n.a. now owns 1,290 shares of the specialty chemicals company’s stock worth $95,000 after purchasing an additional 190 shares during the last quarter. Eastern Bank lifted its position in shares of International Flavors & Fragrances by 43.9% during the 2nd quarter. Eastern Bank now owns 633 shares of the specialty chemicals company’s stock worth $47,000 after purchasing an additional 193 shares during the last quarter. Finally, State of Michigan Retirement System lifted its position in shares of International Flavors & Fragrances by 0.3% during the 2nd quarter. State of Michigan Retirement System now owns 69,515 shares of the specialty chemicals company’s stock worth $5,113,000 after purchasing an additional 200 shares during the last quarter. Institutional investors and hedge funds 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.