International Flavors & Fragrances Inc. (NYSE:IFF) shares gapped down prior to trading on Tuesday . The stock had previously closed at $137.54, but opened at $137.79. International Flavors & Fragrances shares last traded at $138.51, with a volume of 139,716 shares traded.

Several research analysts have recently weighed in on IFF shares. JPMorgan Chase & Co. reissued a “buy” rating and issued a $153.00 target price on shares of International Flavors & Fragrances in a research report on Sunday, August 14th. Argus lifted their target price on shares of International Flavors & Fragrances from $146.00 to $156.00 and gave the stock a “buy” rating in a research report on Tuesday, August 16th. Zacks Investment Research raised shares of International Flavors & Fragrances from a “hold” rating to a “buy” rating and set a $141.00 target price on the stock in a research report on Tuesday, July 5th. Deutsche Bank AG reissued a “hold” rating and issued a $130.00 target price (up from $124.00) on shares of International Flavors & Fragrances in a research report on Sunday, July 24th. Finally, Berenberg Bank started coverage on shares of International Flavors & Fragrances in a research report on Wednesday, July 20th. They issued a “buy” rating and a $163.40 target price on the stock. Four investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average price target of $143.60.

The company has a 50 day moving average of $136.41 and a 200-day moving average of $126.52. The firm has a market capitalization of $11.00 billion, a P/E ratio of 26.45 and a beta of 0.99.

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International Flavors & Fragrances (NYSE:IFF) last released its earnings results on Monday, August 8th. The company reported $1.47 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.40 by $0.07. International Flavors & Fragrances had a net margin of 13.52% and a return on equity of 26.66%. The company had revenue of $793.48 million for the quarter, compared to the consensus estimate of $785.60 million. During the same period in the prior year, the company posted $1.29 EPS. The company’s revenue was up 3.4% compared to the same quarter last year. On average, analysts predict that International Flavors & Fragrances Inc. will post $5.56 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Thursday, October 6th. Shareholders of record on Monday, September 26th will be given a dividend of $0.64 per share. The ex-dividend date is Thursday, September 22nd. This is an increase from International Flavors & Fragrances’s previous quarterly dividend of $0.56. This represents a $2.56 dividend on an annualized basis and a yield of 1.85%. International Flavors & Fragrances’s dividend payout ratio is presently 43.66%.

In other International Flavors & Fragrances news, insider Nicolas Mirzayantz sold 3,881 shares of the company’s stock in a transaction dated Tuesday, August 16th. The shares were sold at an average price of $135.84, for a total transaction of $527,195.04. Following the transaction, the insider now directly owns 60,016 shares in the company, valued at approximately $8,152,573.44. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Company insiders own 0.55% of the company’s stock.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Legal & General Group Plc increased its stake in shares of International Flavors & Fragrances by 1.6% in the first quarter. Legal & General Group Plc now owns 340,593 shares of the company’s stock worth $38,750,000 after buying an additional 5,497 shares in the last quarter. Geode Capital Management LLC increased its stake in shares of International Flavors & Fragrances by 4.7% in the first quarter. Geode Capital Management LLC now owns 677,662 shares of the company’s stock worth $76,948,000 after buying an additional 30,138 shares in the last quarter. Wellington Management Group LLP increased its stake in shares of International Flavors & Fragrances by 30,263.7% in the first quarter. Wellington Management Group LLP now owns 1,321,126 shares of the company’s stock worth $150,305,000 after buying an additional 1,316,775 shares in the last quarter. Gateway Investment Advisers LLC increased its stake in shares of International Flavors & Fragrances by 1.8% in the second quarter. Gateway Investment Advisers LLC now owns 6,463 shares of the company’s stock worth $815,000 after buying an additional 112 shares in the last quarter. Finally, Prudential Financial Inc. increased its stake in shares of International Flavors & Fragrances by 3.6% in the first quarter. Prudential Financial Inc. now owns 103,661 shares of the company’s stock worth $11,794,000 after buying an additional 3,590 shares in the last quarter. Institutional investors own 81.44% of the company’s stock.

International Flavors & Fragrances Company Profile

International Flavors & Fragrances Inc (IFF) creates, manufactures and supplies flavors and fragrances (including cosmetic active ingredients) for the food, beverage, personal care and household products industries either in the form of compounds or individual ingredients. The Company operates in two segments: Flavors and Fragrances.

5 Day Chart for NYSE:IFF

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