Paul Fribourg Acquires 142,000 Shares of International Flavors & Fragrances (NYSE:IFF) Stock

International Flavors & Fragrances Inc. (NYSE:IFF) Director Paul Fribourg acquired 142,000 shares of the stock in a transaction that occurred on Thursday, March 12th. The stock was acquired at an average cost of $70.13 per share, for a total transaction of $9,958,460.00. Following the completion of the purchase, the director owned 2,422,730 shares in the company, valued at $169,906,054.90. The trade was a 6.23% increase in their position. The purchase was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

International Flavors & Fragrances Stock Performance

Shares of IFF opened at $71.28 on Wednesday. International Flavors & Fragrances Inc. has a 12-month low of $59.14 and a 12-month high of $84.45. The stock has a market cap of $18.21 billion, a P/E ratio of -52.03, a PEG ratio of 1.84 and a beta of 0.99. The company has a current ratio of 1.42, a quick ratio of 0.85 and a debt-to-equity ratio of 0.33. The company has a 50-day moving average of $74.63 and a two-hundred day moving average of $68.24.

International Flavors & Fragrances (NYSE:IFF) last issued its quarterly earnings data on Wednesday, February 11th. The specialty chemicals company reported $0.80 earnings per share for the quarter, missing analysts’ consensus estimates of $0.85 by ($0.05). International Flavors & Fragrances had a positive return on equity of 7.67% and a negative net margin of 3.20%.The business had revenue of $2.59 billion for the quarter, compared to analysts’ expectations of $2.52 billion. During the same period last year, the business earned $0.97 earnings per share. The company’s revenue for the quarter was down 6.6% on a year-over-year basis. As a group, research analysts predict that International Flavors & Fragrances Inc. will post 4.32 EPS for the current fiscal year.

International Flavors & Fragrances Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, April 10th. Stockholders of record on Friday, March 20th will be issued a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a dividend yield of 2.2%. The ex-dividend date of this dividend is Friday, March 20th. International Flavors & Fragrances’s payout ratio is -116.79%.

Institutional Investors Weigh In On International Flavors & Fragrances

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Lloyd Advisory Services LLC. acquired a new position in shares of International Flavors & Fragrances in the 4th quarter valued at about $27,000. True Wealth Design LLC increased its position in 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 purchasing an additional 493 shares in the last quarter. Elkhorn Partners Limited Partnership raised its holdings in International Flavors & Fragrances by 200.0% in the second quarter. Elkhorn Partners Limited Partnership now owns 600 shares of the specialty chemicals company’s stock valued at $44,000 after buying an additional 400 shares during the period. Geneos Wealth Management Inc. lifted its position in International Flavors & Fragrances by 55.7% during the first quarter. Geneos Wealth Management Inc. now owns 587 shares of the specialty chemicals company’s stock valued at $46,000 after buying an additional 210 shares in the last quarter. Finally, CYBER HORNET ETFs LLC purchased a new stake in International Flavors & Fragrances during the second quarter worth approximately $49,000. 96.02% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

IFF has been the subject of a number of recent research reports. Oppenheimer upgraded International Flavors & Fragrances from a “market perform” rating to an “outperform” rating and set a $97.00 price objective for the company in a research report on Friday, February 13th. Berenberg Bank reduced their target price on shares of International Flavors & Fragrances from $78.30 to $77.50 and set a “hold” rating on the stock in a report on Thursday, February 5th. Wall Street Zen raised shares of International Flavors & Fragrances from a “sell” rating to a “hold” rating in a research note on Sunday, January 4th. Mizuho boosted their price objective on shares of International Flavors & Fragrances from $75.00 to $85.00 and gave the company an “outperform” rating in a research report on Thursday, February 12th. Finally, BNP Paribas Exane reduced their price objective on shares of International Flavors & Fragrances from $89.00 to $88.00 and set an “outperform” rating on the stock in a research note on Friday, February 13th. Thirteen research analysts have rated the stock with a Buy rating, four have given a Hold rating and one has given 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 $90.09.

International Flavors & Fragrances Company Profile

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.