International Flavors & Fragrances (NYSE:IFF) Price Target Lowered to $75.00 at Citigroup

International Flavors & Fragrances (NYSE:IFF) had its target price decreased by Citigroup from $82.00 to $75.00 in a report released on Monday morning,Benzinga reports. Citigroup currently has a buy rating on the specialty chemicals company’s stock.

Several other research firms have also recently issued reports on IFF. Berenberg Bank reduced their price objective on shares of International Flavors & Fragrances from $78.80 to $78.30 and set a “hold” rating on the stock in a research report on Monday, September 29th. Oppenheimer cut shares of International Flavors & Fragrances from an “outperform” rating to a “market perform” rating in a research note on Thursday, August 7th. Barclays decreased their price target on shares of 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 cut their price objective on International Flavors & Fragrances from $92.00 to $91.00 in a research report on Monday, September 29th. Finally, Mizuho reduced their target price on International Flavors & Fragrances from $85.00 to $75.00 and set an “outperform” rating on the stock in a report on Friday. Thirteen research analysts have rated the stock with a Buy rating, four have issued a Hold rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat, International Flavors & Fragrances has an average rating of “Moderate Buy” and an average target price of $88.61.

International Flavors & Fragrances Trading Down 1.0%

Shares of IFF stock opened at $61.53 on Monday. The stock has a fifty day simple moving average of $65.39 and a two-hundred day simple moving average of $72.02. International Flavors & Fragrances has a 52-week low of $59.89 and a 52-week high of $106.77. The firm has a market capitalization of $15.77 billion, a PE ratio of -39.70, a PEG ratio of 2.70 and a beta of 1.07. 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 (NYSE:IFF) last released its quarterly earnings data on Tuesday, August 5th. The specialty chemicals company reported $1.15 earnings per share for the quarter, topping analysts’ consensus estimates of $1.11 by $0.04. The firm 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 business’s quarterly revenue was down 4.3% compared to the same quarter last year. During the same quarter in the prior year, the company 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 business also recently disclosed a quarterly dividend, which will be paid on Friday, October 10th. Shareholders of record on Monday, September 29th will be paid a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a yield of 2.6%. The ex-dividend date of this dividend is Monday, September 29th. International Flavors & Fragrances’s payout ratio is presently -103.23%.

Insider Activity at International Flavors & Fragrances

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

Hedge Funds Weigh In On International Flavors & Fragrances

Large investors have recently made changes to their positions in the company. Charles Schwab Investment Management Inc. raised its position in International Flavors & Fragrances by 2.1% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 1,577,723 shares of the specialty chemicals company’s stock worth $122,447,000 after purchasing an additional 32,005 shares during the period. Allspring Global Investments Holdings LLC raised its holdings in shares of International Flavors & Fragrances by 11.2% in the first quarter. Allspring Global Investments Holdings LLC now owns 84,265 shares of the specialty chemicals company’s stock worth $6,525,000 after buying an additional 8,490 shares during the period. Manning & Napier Advisors LLC purchased a new stake in shares of International Flavors & Fragrances in the first quarter worth approximately $1,271,000. Dodge & Cox lifted its stake in shares of International Flavors & Fragrances by 7.4% during the 1st quarter. Dodge & Cox now owns 33,774,607 shares of the specialty chemicals company’s stock worth $2,621,247,000 after acquiring an additional 2,336,844 shares during the last quarter. Finally, Chicago Capital LLC purchased a new position in International Flavors & Fragrances during the 1st quarter valued at $688,000. 96.02% of the stock is owned by hedge funds and other institutional investors.

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.