International Flavors & Fragrances Inc. (NYSE:IFF) CEO J Erik Fyrwald Purchases 700 Shares

International Flavors & Fragrances Inc. (NYSE:IFF) CEO J Erik Fyrwald bought 700 shares of the firm’s stock in a transaction that occurred on Thursday, May 8th. The stock was purchased at an average cost of $74.00 per share, with a total value of $51,800.00. Following the completion of the transaction, the chief executive officer now owns 37,770 shares in the company, valued at approximately $2,794,980. This trade represents a 1.89 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

International Flavors & Fragrances Price Performance

Shares of NYSE:IFF opened at $73.46 on Friday. International Flavors & Fragrances Inc. has a 12 month low of $65.85 and a 12 month high of $106.77. The firm has a market capitalization of $18.79 billion, a price-to-earnings ratio of 78.15, a price-to-earnings-growth ratio of 1.45 and a beta of 1.08. The business’s 50 day simple moving average is $76.39 and its 200-day simple moving average is $83.55. The company has a debt-to-equity ratio of 0.54, a current ratio of 1.84 and a quick ratio of 1.93.

International Flavors & Fragrances (NYSE:IFF) last posted its earnings results on Tuesday, May 6th. The specialty chemicals company reported $1.20 earnings per share for the quarter, beating the consensus estimate of $1.12 by $0.08. International Flavors & Fragrances had a return on equity of 7.72% and a net margin of 2.12%. The company had revenue of $2.84 billion for the quarter, compared to analyst estimates of $2.83 billion. During the same quarter in the prior year, the company earned $1.13 earnings per share. International Flavors & Fragrances’s revenue was down 1.9% compared to the same quarter last year. As a group, equities analysts forecast that International Flavors & Fragrances Inc. will post 4.32 earnings per share for the current fiscal year.

International Flavors & Fragrances Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, July 11th. Stockholders of record on Friday, June 20th will be given a $0.40 dividend. The ex-dividend date of this dividend is Friday, June 20th. This represents a $1.60 annualized dividend and a dividend yield of 2.18%. International Flavors & Fragrances’s dividend payout ratio is presently -48.93%.

Analyst Ratings Changes

Several research firms have recently weighed in on IFF. Morgan Stanley lowered their target price on shares of International Flavors & Fragrances from $106.00 to $100.00 and set an “overweight” rating on the stock in a research report on Thursday, April 10th. Mizuho dropped their price objective on shares of International Flavors & Fragrances from $95.00 to $87.00 and set an “outperform” rating on the stock in a research note on Tuesday, April 15th. Robert W. Baird lowered their price target on International Flavors & Fragrances from $110.00 to $100.00 and set an “outperform” rating on the stock in a report on Thursday. Citigroup lifted their target price on International Flavors & Fragrances from $84.00 to $90.00 and gave the company a “buy” rating in a research note on Thursday. Finally, Cfra downgraded International Flavors & Fragrances from a “buy” rating to a “sell” rating and set a $77.00 price target for the company. in a report on Thursday, February 20th. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and twelve have assigned a buy rating to the stock. Based on data from MarketBeat, International Flavors & Fragrances presently has an average rating of “Moderate Buy” and an average target price of $92.69.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the stock. Tidal Investments LLC lifted its position in shares of International Flavors & Fragrances by 9.3% in the third quarter. Tidal Investments LLC now owns 8,809 shares of the specialty chemicals company’s stock valued at $924,000 after acquiring an additional 750 shares in the last quarter. Principal Financial Group Inc. lifted its holdings in International Flavors & Fragrances by 2.1% in the 3rd quarter. Principal Financial Group Inc. now owns 470,676 shares of the specialty chemicals company’s stock valued at $49,388,000 after purchasing an additional 9,555 shares in the last quarter. First Hawaiian Bank boosted its stake in shares of International Flavors & Fragrances by 13.3% during the 4th quarter. First Hawaiian Bank now owns 27,330 shares of the specialty chemicals company’s stock worth $2,311,000 after purchasing an additional 3,202 shares during the last quarter. Czech National Bank grew its holdings in shares of International Flavors & Fragrances by 6.4% during the fourth quarter. Czech National Bank now owns 55,437 shares of the specialty chemicals company’s stock worth $4,687,000 after buying an additional 3,357 shares in the last quarter. Finally, Wedmont Private Capital raised its position in shares of International Flavors & Fragrances by 43.4% in the fourth quarter. Wedmont Private Capital now owns 3,414 shares of the specialty chemicals company’s stock valued at $278,000 after buying an additional 1,033 shares during the last quarter. 96.02% of the stock is currently owned by institutional investors and hedge funds.

About International Flavors & Fragrances

International Flavors & Fragrances, Inc engages in the manufacture and supply of flavors and fragrances used in the food, beverage, personal care, and household products industries. It operates through the following segments: Nourish, Health & Biosciences, Scent and Pharma Solutions. The Nourish segment consists of legacy Taste segment combined with N&B’s Food & Beverage division and the food protection business of N&B’s Health & Biosciences division.