International Flavors & Fragrances Inc. (NYSE:IFF)’s share price hit a new 52-week high on Wednesday . The company traded as high as $140.30 and last traded at $139.72, with a volume of 259,697 shares changing hands. The stock had previously closed at $138.24.

A number of equities analysts have recently weighed in on IFF shares. Berenberg Bank started coverage on International Flavors & Fragrances in a report on Wednesday, July 20th. They issued a “buy” rating and a $163.40 target price on the stock. Deutsche Bank AG reissued a “hold” rating and issued a $130.00 price target (up previously from $124.00) on shares of International Flavors & Fragrances in a research note on Sunday, July 24th. Zacks Investment Research raised International Flavors & Fragrances from a “hold” rating to a “buy” rating and set a $149.00 price target for the company in a research note on Friday, July 22nd. Sanford C. Bernstein started coverage on International Flavors & Fragrances in a research note on Monday. They issued an “outperform” rating and a $160.00 price target for the company. Finally, JPMorgan Chase & Co. reissued a “buy” rating and issued a $153.00 price target on shares of International Flavors & Fragrances in a research note on Sunday, August 14th. Four analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. International Flavors & Fragrances has an average rating of “Buy” and a consensus price target of $143.60.

The stock has a 50 day moving average price of $136.41 and a 200 day moving average price of $126.52. The company has a market capitalization of $11.09 billion, a PE ratio of 26.66 and a beta of 0.99.

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

The firm also recently declared a quarterly dividend, which will be paid on Thursday, October 6th. Stockholders 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 represents a $2.56 dividend on an annualized basis and a dividend yield of 1.85%. This is a positive change from International Flavors & Fragrances’s previous quarterly dividend of $0.56. International Flavors & Fragrances’s dividend payout ratio (DPR) is currently 43.66%.

In other news, insider Nicolas Mirzayantz sold 3,881 shares of the firm’s stock in a transaction dated Tuesday, August 16th. The stock was sold at an average price of $135.84, for a total transaction of $527,195.04. Following the sale, the insider now owns 60,016 shares of the company’s stock, valued at $8,152,573.44. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Insiders own 0.55% of the company’s stock.

Several large investors have recently added to or reduced their stakes in the company. Global X Management Co. LLC raised its stake in International Flavors & Fragrances by 137.9% in the second quarter. Global X Management Co. LLC now owns 809 shares of the company’s stock worth $102,000 after buying an additional 469 shares in the last quarter. Quadrant Capital Group LLC raised its stake in International Flavors & Fragrances by 0.5% in the second quarter. Quadrant Capital Group LLC now owns 874 shares of the company’s stock worth $110,000 after buying an additional 4 shares in the last quarter. Mizuho Asset Management Co. Ltd. raised its stake in International Flavors & Fragrances by 72.8% in the second quarter. Mizuho Asset Management Co. Ltd. now owns 990 shares of the company’s stock worth $125,000 after buying an additional 417 shares in the last quarter. Mycio Wealth Partners LLC raised its stake in International Flavors & Fragrances by 433.2% in the second quarter. Mycio Wealth Partners LLC now owns 1,109 shares of the company’s stock worth $140,000 after buying an additional 901 shares in the last quarter. Finally, Meeder Asset Management Inc. acquired a new stake in International Flavors & Fragrances during the second quarter worth approximately $171,000. 81.17% of the stock is currently owned by institutional investors.

About International Flavors & Fragrances

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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