International Flavors & Fragrances Inc. (NYSE:IFF) Receives Consensus Recommendation of “Moderate Buy” from Brokerages

Shares of International Flavors & Fragrances Inc. (NYSE:IFF) have been assigned an average rating of “Moderate Buy” from the eighteen analysts that are currently covering the company, Marketbeat reports. One analyst has rated the stock with a sell rating, four have issued a hold rating and thirteen have given a buy rating to the company. The average 1 year target price among brokers that have issued ratings on the stock in the last year is $89.9063.

Several research firms have issued reports on IFF. Wells Fargo & Company upped their price target on shares of International Flavors & Fragrances from $85.00 to $100.00 and gave the company an “overweight” rating in a research report on Friday, February 13th. Oppenheimer upgraded shares of International Flavors & Fragrances from a “market perform” rating to an “outperform” rating and set a $97.00 target price for the company in a report on Friday, February 13th. Mizuho increased their target price on shares of International Flavors & Fragrances from $75.00 to $85.00 and gave the stock an “outperform” rating in a report on Thursday, February 12th. BNP Paribas Exane dropped their target price on shares of International Flavors & Fragrances from $88.00 to $85.00 and set an “outperform” rating for the company in a report on Tuesday. Finally, Barclays increased their target price on shares of International Flavors & Fragrances from $78.00 to $91.00 and gave the stock an “overweight” rating in a report on Friday, February 13th.

Insider Buying and Selling at International Flavors & Fragrances

In other news, Director Paul J. Fribourg bought 142,000 shares of the company’s stock in a transaction dated Thursday, March 12th. The stock was bought at an average cost of $70.13 per share, for a total transaction of $9,958,460.00. Following the completion of the acquisition, the director owned 2,422,730 shares in the company, valued at approximately $169,906,054.90. This trade represents a 6.23% increase in their position. The acquisition was disclosed in a filing with the SEC, which is available at this hyperlink. Corporate insiders own 0.20% of the company’s stock.

Institutional Trading of International Flavors & Fragrances

Institutional investors have recently modified their holdings of the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in International Flavors & Fragrances by 5.3% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 26,315 shares of the specialty chemicals company’s stock worth $2,042,000 after buying an additional 1,335 shares in the last quarter. Jones Financial Companies Lllp raised its stake in International Flavors & Fragrances by 15.7% in the first quarter. Jones Financial Companies Lllp now owns 3,976 shares of the specialty chemicals company’s stock worth $309,000 after buying an additional 539 shares in the last quarter. Empowered Funds LLC raised its stake in International Flavors & Fragrances by 71.5% in the first quarter. Empowered Funds LLC now owns 10,454 shares of the specialty chemicals company’s stock worth $811,000 after buying an additional 4,358 shares in the last quarter. Focus Partners Wealth raised its stake in International Flavors & Fragrances by 25.5% in the first quarter. Focus Partners Wealth now owns 7,527 shares of the specialty chemicals company’s stock worth $584,000 after buying an additional 1,530 shares in the last quarter. Finally, Geneos Wealth Management Inc. raised its stake in International Flavors & Fragrances by 55.7% in the first quarter. Geneos Wealth Management Inc. now owns 587 shares of the specialty chemicals company’s stock worth $46,000 after buying an additional 210 shares in the last quarter. 96.02% of the stock is currently owned by hedge funds and other institutional investors.

International Flavors & Fragrances Stock Performance

NYSE IFF opened at $69.96 on Wednesday. The company has a 50-day simple moving average of $74.47 and a two-hundred day simple moving average of $68.78. The company has a quick ratio of 0.85, a current ratio of 1.42 and a debt-to-equity ratio of 0.33. International Flavors & Fragrances has a 12-month low of $59.14 and a 12-month high of $84.45. The firm has a market cap of $17.87 billion, a price-to-earnings ratio of -51.07, a PEG ratio of 1.90 and a beta of 1.02.

International Flavors & Fragrances (NYSE:IFF) last posted its quarterly earnings results on Wednesday, February 11th. The specialty chemicals company reported $0.80 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.85 by ($0.05). International Flavors & Fragrances had a negative net margin of 3.20% and a positive return on equity of 7.67%. The business had revenue of $2.59 billion for the quarter, compared to analysts’ expectations of $2.52 billion. During the same quarter in the previous year, the company earned $0.97 earnings per share. The business’s quarterly revenue was down 6.6% on a year-over-year basis. On average, equities analysts forecast that International Flavors & Fragrances will post 4.32 EPS for the current year.

International Flavors & Fragrances Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, April 10th. Stockholders of record on Friday, March 20th will be issued a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a dividend yield of 2.3%. The ex-dividend date is Friday, March 20th. International Flavors & Fragrances’s dividend payout ratio is currently -116.79%.

About International Flavors & Fragrances

International Flavors & Fragrances Inc (NYSE:IFF) is a global leader in the creation and production of flavors, fragrances, cosmetic actives and nutritional lipids. The company develops taste and scent solutions for a wide array of end markets including food and beverage, personal care, household goods and pharmaceutical products. Its portfolio spans natural and nature-identical flavors, fine fragrances, functional ingredients for skin and hair care, and specialty oils that enhance nutritional value and sensory appeal.

IFF’s research and development network comprises innovation centers in North America, Europe, Asia-Pacific and Latin America, where multidisciplinary teams collaborate on aroma chemistry, sensory science and biotechnology.