International Flavors & Fragrances (NYSE:IFF) Given New $78.30 Price Target at Berenberg Bank

International Flavors & Fragrances (NYSE:IFF) had its target price lowered by Berenberg Bank from $78.80 to $78.30 in a report published on Monday morning,MarketScreener reports. The brokerage currently has a hold rating on the specialty chemicals company’s stock.

IFF has been the subject of a number of other reports. Wells Fargo & Company reduced their target price on shares of International Flavors & Fragrances from $90.00 to $85.00 and set an “overweight” rating for the company in a report on Thursday, August 7th. Wolfe Research raised shares of International Flavors & Fragrances from an “underperform” rating to a “peer perform” rating in a research report on Monday, September 8th. Barclays decreased their target price on International Flavors & Fragrances from $84.00 to $78.00 and set an “overweight” rating on the stock in a report on Friday, August 8th. Tigress Financial reissued a “buy” rating and set a $105.00 price target on shares of International Flavors & Fragrances in a report on Tuesday, August 26th. Finally, Morgan Stanley reduced their price target on International Flavors & Fragrances from $92.00 to $90.00 and set an “overweight” rating for the company in a research report on Monday, September 22nd. Thirteen equities research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $90.96.

International Flavors & Fragrances Stock Up 0.3%

International Flavors & Fragrances stock opened at $60.91 on Monday. International Flavors & Fragrances has a one year low of $59.89 and a one year high of $106.77. The stock has a fifty day moving average of $66.88 and a 200 day moving average of $72.67. The company has a debt-to-equity ratio of 0.39, a quick ratio of 1.12 and a current ratio of 1.86. The stock has a market cap of $15.61 billion, a PE ratio of -39.30, a price-to-earnings-growth ratio of 2.63 and a beta of 1.07.

International Flavors & Fragrances (NYSE:IFF) last released its quarterly earnings results on Tuesday, August 5th. The specialty chemicals company reported $1.15 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 business had revenue of $2.76 billion during the quarter, compared to the consensus estimate of $2.69 billion. During the same period in the previous year, the company posted $1.16 EPS. The business’s quarterly revenue was down 4.3% compared to the same quarter last year. International Flavors & Fragrances has set its FY 2025 guidance at EPS. As a group, sell-side analysts predict that International Flavors & Fragrances will post 4.32 EPS for the current year.

International Flavors & Fragrances Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, October 10th. Stockholders of record on Monday, September 29th will be given a $0.40 dividend. This represents a $1.60 annualized dividend and a dividend yield of 2.6%. The ex-dividend date is Monday, September 29th. International Flavors & Fragrances’s payout ratio is presently -103.23%.

Insider Activity

In other International Flavors & Fragrances news, CEO J Erik Fyrwald bought 15,300 shares of the business’s stock in a transaction that occurred on Thursday, August 7th. The stock was purchased 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 owned 77,370 shares of the company’s stock, valued at $5,025,181.50. This trade represents a 24.65% increase in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Paul J. Fribourg purchased 15,450 shares of the stock in a transaction that occurred on Thursday, August 7th. The stock was acquired at an average cost of $64.80 per share, for a total transaction of $1,001,160.00. Following the completion of the acquisition, the director owned 15,450 shares in the company, valued at $1,001,160. This represents a ∞ increase in their position. The disclosure for this purchase can be found here. Company insiders own 0.17% of the company’s stock.

Institutional Trading of International Flavors & Fragrances

A number of institutional investors and hedge funds have recently bought and sold shares of IFF. Osaic Holdings Inc. lifted its stake in International Flavors & Fragrances by 9.7% in the 2nd quarter. Osaic Holdings Inc. now owns 18,155 shares of the specialty chemicals company’s stock worth $1,343,000 after purchasing an additional 1,604 shares in the last quarter. MASTERINVEST Kapitalanlage GmbH bought a new stake in shares of International Flavors & Fragrances in the second quarter worth about $1,079,000. Hudson Bay Capital Management LP purchased a new stake in shares of International Flavors & Fragrances in the second quarter worth about $1,389,000. Geneos Wealth Management Inc. boosted its stake in International Flavors & Fragrances by 60.0% during the second quarter. Geneos Wealth Management Inc. now owns 939 shares of the specialty chemicals company’s stock valued at $69,000 after buying an additional 352 shares during the last quarter. Finally, CYBER HORNET ETFs LLC purchased a new position in International Flavors & Fragrances during the 2nd quarter valued at approximately $49,000. 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.