Internationa Flavors & Fragrances, Inc. (IFF) Given Average Rating of “Hold” by Brokerages
Shares of Internationa Flavors & Fragrances, Inc. (NYSE:IFF) have been given an average recommendation of “Hold” by the sixteen ratings firms that are covering the firm, MarketBeat.com reports. One investment analyst has rated the stock with a sell rating, twelve have issued a hold rating and three have given a buy rating to the company. The average twelve-month price target among analysts that have covered the stock in the last year is $136.99.
Several brokerages have issued reports on IFF. Zacks Investment Research cut Internationa Flavors & Fragrances from a “buy” rating to a “hold” rating in a report on Monday, August 14th. Barclays PLC reiterated a “sell” rating and set a $123.00 price target on shares of Internationa Flavors & Fragrances in a report on Friday, August 11th. Deutsche Bank AG reiterated a “hold” rating and set a $139.00 price target (up from $135.00) on shares of Internationa Flavors & Fragrances in a report on Thursday, August 10th. BidaskClub upgraded Internationa Flavors & Fragrances from a “sell” rating to a “hold” rating in a report on Tuesday, August 8th. Finally, Stifel Nicolaus reiterated a “hold” rating and set a $136.00 price target on shares of Internationa Flavors & Fragrances in a report on Friday, July 21st.
Internationa Flavors & Fragrances (NYSE:IFF) traded up 0.73% on Tuesday, reaching $135.86. 180,107 shares of the company’s stock traded hands. The firm has a 50-day moving average price of $134.36 and a 200-day moving average price of $132.45. The stock has a market capitalization of $10.73 billion, a price-to-earnings ratio of 27.41 and a beta of 1.11. Internationa Flavors & Fragrances has a 52 week low of $113.16 and a 52 week high of $143.64.
Internationa Flavors & Fragrances (NYSE:IFF) last issued its earnings results on Tuesday, August 8th. The specialty chemicals company reported $1.50 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.45 by $0.05. The company had revenue of $842.86 million during the quarter, compared to analysts’ expectations of $845.89 million. Internationa Flavors & Fragrances had a return on equity of 26.83% and a net margin of 12.31%. The firm’s quarterly revenue was up 6.2% on a year-over-year basis. During the same period in the prior year, the business earned $1.47 EPS. On average, analysts predict that Internationa Flavors & Fragrances will post $5.79 earnings per share for the current year.
The company also recently announced a quarterly dividend, which will be paid on Friday, October 6th. Investors of record on Monday, September 25th will be paid a dividend of $0.69 per share. This is a positive change from Internationa Flavors & Fragrances’s previous quarterly dividend of $0.64. The ex-dividend date of this dividend is Friday, September 22nd. This represents a $2.76 annualized dividend and a yield of 2.03%. Internationa Flavors & Fragrances’s dividend payout ratio is presently 51.72%.
In other news, major shareholder Winder Investment Pte Ltd bought 20,000 shares of the firm’s stock in a transaction that occurred on Tuesday, June 20th. The shares were purchased at an average price of $136.80 per share, with a total value of $2,736,000.00. Following the purchase, the insider now owns 9,170,793 shares in the company, valued at $1,254,564,482.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Anne Chwat sold 3,000 shares of the stock in a transaction dated Tuesday, August 15th. The stock was sold at an average price of $137.22, for a total value of $411,660.00. Following the transaction, the executive vice president now directly owns 42,157 shares in the company, valued at approximately $5,784,783.54. The disclosure for this sale can be found here. In the last three months, insiders have purchased 1,178,927 shares of company stock worth $158,028,111 and have sold 5,766 shares worth $786,086. 0.48% of the stock is currently owned by corporate insiders.
A number of institutional investors have recently bought and sold shares of the company. YorkBridge Wealth Partners LLC raised its position in Internationa Flavors & Fragrances by 25.3% in the first quarter. YorkBridge Wealth Partners LLC now owns 723 shares of the specialty chemicals company’s stock valued at $100,000 after buying an additional 146 shares during the last quarter. TrimTabs Asset Management LLC purchased a new position in Internationa Flavors & Fragrances during the first quarter valued at about $122,000. Cornerstone Advisors Inc. raised its position in Internationa Flavors & Fragrances by 30.2% in the second quarter. Cornerstone Advisors Inc. now owns 1,056 shares of the specialty chemicals company’s stock valued at $143,000 after buying an additional 245 shares during the last quarter. D.A. Davidson & CO. raised its position in Internationa Flavors & Fragrances by 0.5% in the second quarter. D.A. Davidson & CO. now owns 1,073 shares of the specialty chemicals company’s stock valued at $144,000 after buying an additional 5 shares during the last quarter. Finally, Van ECK Associates Corp raised its position in Internationa Flavors & Fragrances by 7.2% in the first quarter. Van ECK Associates Corp now owns 1,167 shares of the specialty chemicals company’s stock valued at $155,000 after buying an additional 78 shares during the last quarter. 83.80% of the stock is currently owned by hedge funds and other institutional investors.
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Internationa Flavors & Fragrances Company Profile
International Flavors & Fragrances Inc creates, manufactures and supplies flavors and fragrances (including cosmetic active ingredients) used to impart or improve flavor or fragrance in a range of consumer products. The Company operates in two segments: Flavors and Fragrances. The Flavors segment offers flavor compounds that are sold to the food and beverage industries for use in consumer products, such as prepared foods, beverages, dairy, food and sweet products.
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