Shares of Internationa Flavors & Fragrances, Inc. (NYSE:IFF) have been assigned an average recommendation of “Hold” from the fifteen analysts that are covering the company, Marketbeat reports. One investment analyst has rated the stock with a sell recommendation, twelve have issued a hold recommendation and two have given a buy recommendation to the company. The average 12-month target price among brokerages that have issued a report on the stock in the last year is $132.72.

A number of research firms have issued reports on IFF. KeyCorp reissued a “buy” rating and set a $148.00 target price on shares of Internationa Flavors & Fragrances in a research note on Wednesday, October 4th. Zacks Investment Research lowered shares of Internationa Flavors & Fragrances from a “buy” rating to a “hold” rating in a research note on Monday, August 14th. Barclays PLC reissued a “sell” rating and set a $123.00 target price on shares of Internationa Flavors & Fragrances in a research note on Friday, August 11th. Deutsche Bank AG reissued a “hold” rating and set a $139.00 target price (up from $135.00) on shares of Internationa Flavors & Fragrances in a research note on Thursday, August 10th. Finally, BidaskClub raised shares of Internationa Flavors & Fragrances from a “sell” rating to a “hold” rating in a research note on Tuesday, August 8th.

Shares of Internationa Flavors & Fragrances (NYSE:IFF) traded down 0.36% during midday trading on Wednesday, hitting $147.73. 293,672 shares of the stock were exchanged. Internationa Flavors & Fragrances has a 12-month low of $113.16 and a 12-month high of $148.49. The company has a market cap of $11.67 billion, a PE ratio of 29.81 and a beta of 1.11. The firm has a 50-day moving average price of $141.84 and a 200-day moving average price of $136.74.

Internationa Flavors & Fragrances (NYSE:IFF) last posted its earnings results on Tuesday, August 8th. The specialty chemicals company reported $1.50 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.45 by $0.05. The firm had revenue of $842.86 million during the quarter, compared to analyst estimates of $845.89 million. Internationa Flavors & Fragrances had a net margin of 12.31% and a return on equity of 26.83%. Internationa Flavors & Fragrances’s revenue was up 6.2% on a year-over-year basis. During the same period in the previous year, the business posted $1.47 EPS. On average, equities analysts predict that Internationa Flavors & Fragrances will post $5.78 EPS for the current year.

The company also recently announced a quarterly dividend, which was paid on Friday, October 6th. Shareholders of record on Monday, September 25th were paid a dividend of $0.69 per share. This represents a $2.76 dividend on an annualized basis and a yield of 1.87%. This is a positive change from Internationa Flavors & Fragrances’s previous quarterly dividend of $0.64. The ex-dividend date of this dividend was Friday, September 22nd. Internationa Flavors & Fragrances’s payout ratio is presently 55.76%.

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In other Internationa Flavors & Fragrances news, insider Nicolas Mirzayantz sold 1,232 shares of the business’s stock in a transaction dated Friday, September 15th. The shares were sold at an average price of $143.56, for a total transaction of $176,865.92. Following the sale, the insider now directly owns 43,809 shares in the company, valued at approximately $6,289,220.04. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, major shareholder Winder Investment Pte Ltd purchased 40,000 shares of the company’s stock in a transaction on Friday, July 14th. The shares were bought at an average price of $133.73 per share, for a total transaction of $5,349,200.00. Following the completion of the transaction, the insider now directly owns 9,370,793 shares in the company, valued at approximately $1,253,156,147.89. The disclosure for this purchase can be found here. Over the last 90 days, insiders have acquired 1,129,400 shares of company stock worth $151,478,073 and have sold 6,998 shares worth $962,952. 0.48% of the stock is currently owned by insiders.

Several hedge funds have recently added to or reduced their stakes in the business. Intl Fcstone Inc. bought a new stake in shares of Internationa Flavors & Fragrances during the 2nd quarter worth about $1,537,000. Toronto Dominion Bank raised its position in shares of Internationa Flavors & Fragrances by 20.5% during the 2nd quarter. Toronto Dominion Bank now owns 31,885 shares of the specialty chemicals company’s stock worth $4,305,000 after buying an additional 5,422 shares in the last quarter. Advisory Services Network LLC raised its position in shares of Internationa Flavors & Fragrances by 630.7% during the 2nd quarter. Advisory Services Network LLC now owns 2,163 shares of the specialty chemicals company’s stock worth $292,000 after buying an additional 1,867 shares in the last quarter. WINTON GROUP Ltd bought a new stake in shares of Internationa Flavors & Fragrances during the 2nd quarter worth about $379,000. Finally, Public Employees Retirement System of Ohio raised its position in shares of Internationa Flavors & Fragrances by 5.7% during the 2nd quarter. Public Employees Retirement System of Ohio now owns 32,635 shares of the specialty chemicals company’s stock worth $4,406,000 after buying an additional 1,767 shares in the last quarter. Institutional investors own 82.18% of the company’s stock.

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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