Internationa Flavors & Fragrances, Inc. (NYSE:IFF) has been given an average rating of “Hold” by the seventeen brokerages that are currently covering the firm, MarketBeat.com reports. One investment analyst has rated the stock with a sell recommendation, twelve have assigned a hold recommendation and four have assigned a buy recommendation to the company. The average 1 year target price among brokerages that have issued a report on the stock in the last year is $137.99.

IFF has been the topic of several analyst reports. Zacks Investment Research raised Internationa Flavors & Fragrances from a “hold” rating to a “buy” rating and set a $149.00 price target on the stock in a research report on Monday, July 24th. KeyCorp reaffirmed a “buy” rating and set a $148.00 price target on shares of Internationa Flavors & Fragrances in a research report on Thursday, August 24th. BidaskClub downgraded Internationa Flavors & Fragrances from a “strong-buy” rating to a “buy” rating in a research report on Friday, June 9th. Raymond James Financial, Inc. assumed coverage on Internationa Flavors & Fragrances in a research report on Friday, July 7th. They set a “market perform” rating on the stock. Finally, Stifel Nicolaus reissued a “hold” rating and set a $136.00 target price (up from $129.00) on shares of Internationa Flavors & Fragrances in a research note on Friday, June 16th.

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Internationa Flavors & Fragrances (NYSE:IFF) traded up 0.08% during trading on Friday, reaching $143.78. The company had a trading volume of 394,296 shares. Internationa Flavors & Fragrances has a 52 week low of $113.16 and a 52 week high of $144.13. The stock has a 50 day moving average price of $137.31 and a 200 day moving average price of $134.66. The firm has a market capitalization of $11.36 billion, a P/E ratio of 29.01 and a beta of 1.09.

Internationa Flavors & Fragrances (NYSE:IFF) last announced its quarterly earnings results on Tuesday, August 8th. The specialty chemicals company reported $1.50 earnings per share for the quarter, topping the consensus estimate of $1.45 by $0.05. The company had revenue of $842.86 million for the quarter, compared to the consensus estimate 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 revenue for the quarter was up 6.2% compared to the same quarter last year. During the same period last year, the firm earned $1.47 EPS. Analysts predict that Internationa Flavors & Fragrances will post $5.78 earnings per share for the current year.

The company also recently announced a quarterly dividend, which will be paid on Friday, October 6th. Stockholders 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. This represents a $2.76 annualized dividend and a dividend yield of 1.92%. The ex-dividend date of this dividend is Friday, September 22nd. Internationa Flavors & Fragrances’s dividend payout ratio is presently 51.72%.

In related news, insider Nicolas Mirzayantz sold 1,233 shares of the firm’s stock in a transaction dated Monday, July 17th. The shares were sold at an average price of $133.76, for a total value of $164,926.08. Following the transaction, the insider now directly owns 46,274 shares of the company’s stock, valued at approximately $6,189,610.24. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, major shareholder Winder Investment Pte Ltd purchased 20,000 shares of the firm’s stock in a transaction that occurred on Tuesday, June 20th. The stock was bought at an average cost of $136.80 per share, for a total transaction of $2,736,000.00. Following the completion of the purchase, the insider now directly owns 9,170,793 shares in the company, valued at approximately $1,254,564,482.40. The disclosure for this purchase can be found here. Over the last ninety days, insiders purchased 1,269,400 shares of company stock worth $170,403,273 and sold 5,766 shares worth $786,086. Company insiders own 0.48% of the company’s stock.

A number of institutional investors have recently modified their holdings of the stock. Winder Investment Pte Ltd lifted its stake in Internationa Flavors & Fragrances by 6.9% in the 2nd quarter. Winder Investment Pte Ltd now owns 9,250,793 shares of the specialty chemicals company’s stock valued at $1,248,857,000 after buying an additional 595,140 shares in the last quarter. Vanguard Group Inc. lifted its stake in Internationa Flavors & Fragrances by 8.2% in the 2nd quarter. Vanguard Group Inc. now owns 8,765,573 shares of the specialty chemicals company’s stock valued at $1,183,352,000 after buying an additional 666,120 shares in the last quarter. BlackRock Inc. lifted its stake in Internationa Flavors & Fragrances by 2.3% in the 2nd quarter. BlackRock Inc. now owns 5,034,108 shares of the specialty chemicals company’s stock valued at $679,605,000 after buying an additional 113,160 shares in the last quarter. State Street Corp lifted its stake in Internationa Flavors & Fragrances by 0.5% in the 1st quarter. State Street Corp now owns 3,499,382 shares of the specialty chemicals company’s stock valued at $463,783,000 after buying an additional 16,648 shares in the last quarter. Finally, Wells Fargo & Company MN lifted its stake in Internationa Flavors & Fragrances by 12.4% in the 2nd quarter. Wells Fargo & Company MN now owns 1,258,885 shares of the specialty chemicals company’s stock valued at $169,949,000 after buying an additional 139,261 shares in the last quarter. 82.45% of the stock is currently owned by hedge funds and other institutional investors.

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.

Analyst Recommendations for Internationa Flavors & Fragrances (NYSE:IFF)

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