UBS Group Cuts International Flavors & Fragrances (NYSE:IFF) Price Target to $75.00

International Flavors & Fragrances (NYSE:IFF) had its price objective reduced by UBS Group from $85.00 to $75.00 in a research note published on Thursday,Benzinga reports. They currently have a neutral rating on the specialty chemicals company’s stock.

Several other research firms have also recently weighed in on IFF. Mizuho lifted their price objective on International Flavors & Fragrances from $75.00 to $85.00 and gave the company an “outperform” rating in a report on Thursday, February 12th. Wells Fargo & Company lifted their target price on International Flavors & Fragrances from $85.00 to $100.00 and gave the company an “overweight” rating in a research report on Friday, February 13th. Oppenheimer raised International Flavors & Fragrances from a “market perform” rating to an “outperform” rating and set a $97.00 target price on the stock in a research report on Friday, February 13th. Weiss Ratings reissued a “sell (d-)” rating on shares of International Flavors & Fragrances in a research report on Monday, December 29th. Finally, Argus lifted their target price on International Flavors & Fragrances from $70.00 to $80.00 and gave the company a “buy” rating in a research report on Thursday, January 22nd. Twelve investment 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 MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $89.17.

International Flavors & Fragrances Trading Down 1.0%

NYSE:IFF opened at $72.44 on Thursday. International Flavors & Fragrances has a fifty-two week low of $59.14 and a fifty-two week high of $84.45. The company has a debt-to-equity ratio of 0.33, a current ratio of 1.42 and a quick ratio of 0.85. The stock has a market capitalization of $18.50 billion, a PE ratio of -52.87, a price-to-earnings-growth ratio of 1.90 and a beta of 1.02. The business’s 50-day simple moving average is $74.63 and its 200-day simple moving average is $68.96.

International Flavors & Fragrances (NYSE:IFF) last released its quarterly earnings data on Wednesday, February 11th. The specialty chemicals company reported $0.80 earnings per share for the quarter, missing the consensus estimate of $0.85 by ($0.05). International Flavors & Fragrances had a negative net margin of 3.20% and a positive return on equity of 7.67%. The business had revenue of $2.59 billion for the quarter, compared to the consensus estimate of $2.52 billion. During the same quarter last year, the firm earned $0.97 EPS. The company’s revenue for the quarter was down 6.6% on a year-over-year basis. Sell-side analysts expect 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 declared a quarterly dividend, which was paid on Friday, April 10th. Shareholders of record on Friday, March 20th were given a dividend of $0.40 per share. The ex-dividend date of this dividend was Friday, March 20th. This represents a $1.60 annualized dividend and a dividend yield of 2.2%. International Flavors & Fragrances’s payout ratio is -116.79%.

Insider Buying and Selling at International Flavors & Fragrances

In related news, Director Paul J. Fribourg purchased 142,000 shares of the stock in a transaction on Thursday, March 12th. The shares were purchased at an average price of $70.13 per share, with a total value of $9,958,460.00. Following the transaction, the director directly owned 2,422,730 shares of the company’s stock, valued at $169,906,054.90. This trade represents a 6.23% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 1.07% of the stock is owned by company insiders.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in IFF. Lloyd Advisory Services LLC. acquired a new position in shares of International Flavors & Fragrances during the 4th quarter worth approximately $27,000. True Wealth Design LLC increased its holdings in shares of International Flavors & Fragrances by 896.4% during the 3rd quarter. True Wealth Design LLC now owns 548 shares of the specialty chemicals company’s stock worth $34,000 after acquiring an additional 493 shares during the last quarter. Elkhorn Partners Limited Partnership increased its holdings in shares of International Flavors & Fragrances by 200.0% during the 2nd quarter. Elkhorn Partners Limited Partnership now owns 600 shares of the specialty chemicals company’s stock worth $44,000 after acquiring an additional 400 shares during the last quarter. Geneos Wealth Management Inc. increased its holdings in shares of International Flavors & Fragrances by 55.7% during the 1st quarter. Geneos Wealth Management Inc. now owns 587 shares of the specialty chemicals company’s stock worth $46,000 after acquiring an additional 210 shares during the last quarter. Finally, CYBER HORNET ETFs LLC acquired a new position in shares of International Flavors & Fragrances during the 2nd quarter worth approximately $49,000. 96.02% of the stock is owned by institutional investors and hedge funds.

About International Flavors & Fragrances

International Flavors & Fragrances Inc (NYSE:IFF) is a global leader in the creation and production of flavors, fragrances, cosmetic actives and nutritional lipids. The company develops taste and scent solutions for a wide array of end markets including food and beverage, personal care, household goods and pharmaceutical products. Its portfolio spans natural and nature-identical flavors, fine fragrances, functional ingredients for skin and hair care, and specialty oils that enhance nutritional value and sensory appeal.

IFF’s research and development network comprises innovation centers in North America, Europe, Asia-Pacific and Latin America, where multidisciplinary teams collaborate on aroma chemistry, sensory science and biotechnology.