International Flavors & Fragrances Inc. (NYSE:IFF) Receives $91.16 Consensus Target Price from Analysts

Shares of International Flavors & Fragrances Inc. (NYSE:IFF) have earned an average recommendation of “Moderate Buy” from the eighteen brokerages that are currently covering the stock, MarketBeat.com reports. Five investment analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. The average 12 month price objective among brokerages that have issued ratings on the stock in the last year is $91.1647.

IFF has been the subject of several research analyst reports. Citigroup decreased their price objective on shares of International Flavors & Fragrances from $96.00 to $88.00 and set a “buy” rating for the company in a research note on Wednesday, June 24th. JPMorgan Chase & Co. boosted their target price on International Flavors & Fragrances from $90.00 to $92.00 and gave the company an “overweight” rating in a report on Thursday, May 7th. Benchmark started coverage on International Flavors & Fragrances in a research report on Tuesday, June 9th. They issued a “buy” rating and a $100.00 target price for the company. Jefferies Financial Group raised their price target on International Flavors & Fragrances from $97.00 to $105.00 in a research note on Thursday, May 7th. Finally, Morgan Stanley lifted their price target on International Flavors & Fragrances from $93.00 to $95.00 and gave the stock an “overweight” rating in a research report on Wednesday, July 1st.

Insider Activity at International Flavors & Fragrances

In other International Flavors & Fragrances news, Director Paul J. Fribourg purchased 260,000 shares of International Flavors & Fragrances stock in a transaction that occurred on Monday, June 1st. The stock was purchased at an average price of $74.28 per share, for a total transaction of $19,312,800.00. Following the transaction, the director directly owned 2,682,730 shares in the company, valued at $199,273,184.40. This trade represents a 10.73% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is accessible through the SEC website. 1.07% of the stock is owned by insiders.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of IFF. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in shares of International Flavors & Fragrances by 5.3% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 26,315 shares of the specialty chemicals company’s stock worth $2,042,000 after buying an additional 1,335 shares during the last quarter. Jones Financial Companies Lllp lifted its position in International Flavors & Fragrances by 15.7% during the 1st quarter. Jones Financial Companies Lllp now owns 3,976 shares of the specialty chemicals company’s stock worth $309,000 after acquiring an additional 539 shares during the period. Empowered Funds LLC lifted its position in International Flavors & Fragrances by 71.5% during the 1st quarter. Empowered Funds LLC now owns 10,454 shares of the specialty chemicals company’s stock worth $811,000 after acquiring an additional 4,358 shares during the period. Focus Partners Wealth grew its stake in shares of International Flavors & Fragrances by 25.5% in the 1st quarter. Focus Partners Wealth now owns 7,527 shares of the specialty chemicals company’s stock valued at $584,000 after purchasing an additional 1,530 shares during the last quarter. Finally, Geneos Wealth Management Inc. increased its holdings in shares of International Flavors & Fragrances by 55.7% in the first quarter. Geneos Wealth Management Inc. now owns 587 shares of the specialty chemicals company’s stock valued at $46,000 after purchasing an additional 210 shares during the period. 96.02% of the stock is owned by hedge funds and other institutional investors.

International Flavors & Fragrances Stock Up 0.1%

IFF stock opened at $78.29 on Friday. The stock has a market cap of $19.99 billion, a P/E ratio of 23.94, a PEG ratio of 1.82 and a beta of 0.93. The company has a current ratio of 1.49, a quick ratio of 0.87 and a debt-to-equity ratio of 0.33. International Flavors & Fragrances has a twelve month low of $59.14 and a twelve month high of $84.45. The company’s 50 day moving average is $76.62 and its two-hundred day moving average is $74.37.

International Flavors & Fragrances (NYSE:IFF) last issued its earnings results on Tuesday, May 5th. The specialty chemicals company reported $1.25 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.08 by $0.17. International Flavors & Fragrances had a net margin of 7.78% and a return on equity of 7.65%. The business had revenue of $2.74 billion during the quarter, compared to analysts’ expectations of $2.64 billion. During the same quarter in the prior year, the business posted $1.20 EPS. The company’s revenue for the quarter was down 3.6% on a year-over-year basis. Research analysts expect that International Flavors & Fragrances will post 4.55 earnings per share for the current fiscal year.

International Flavors & Fragrances Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, July 10th. Stockholders of record on Thursday, June 18th were given a dividend of $0.40 per share. The ex-dividend date was Thursday, June 18th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 2.0%. International Flavors & Fragrances’s dividend payout ratio (DPR) is 48.93%.

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.