International Flavors & Fragrances (NYSE:IFF) Price Target Lowered to $75.00 at Mizuho

International Flavors & Fragrances (NYSE:IFF) had its price target trimmed by Mizuho from $85.00 to $75.00 in a report published on Friday,Benzinga reports. The firm currently has an outperform rating on the specialty chemicals company’s stock.

A number of other analysts have also weighed in on the company. BNP Paribas cut their price objective on International Flavors & Fragrances from $92.00 to $91.00 in a research report on Monday, September 29th. Morgan Stanley cut their price objective on International Flavors & Fragrances from $92.00 to $90.00 and set an “overweight” rating on the stock in a research report on Monday, September 22nd. Oppenheimer lowered International Flavors & Fragrances from an “outperform” rating to a “market perform” rating in a research report on Thursday, August 7th. UBS Group cut their price objective on International Flavors & Fragrances from $83.00 to $79.00 and set a “neutral” rating on the stock in a research report on Wednesday, August 6th. Finally, Barclays cut their price objective on International Flavors & Fragrances from $84.00 to $78.00 and set an “overweight” rating on the stock in a research report on Friday, August 8th. Thirteen research analysts have rated the stock with a Buy rating, four have given a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $90.25.

International Flavors & Fragrances Stock Up 1.0%

NYSE:IFF opened at $62.15 on Friday. The company has a quick ratio of 1.12, a current ratio of 1.86 and a debt-to-equity ratio of 0.39. The stock’s fifty day moving average is $65.66 and its two-hundred day moving average is $72.24. International Flavors & Fragrances has a 52 week low of $59.89 and a 52 week high of $106.77. The stock has a market capitalization of $15.93 billion, a price-to-earnings ratio of -40.10, a price-to-earnings-growth ratio of 2.67 and a beta of 1.07.

International Flavors & Fragrances (NYSE:IFF) last released its quarterly earnings results on Tuesday, August 5th. The specialty chemicals company reported $1.15 EPS for the quarter, topping analysts’ consensus estimates of $1.11 by $0.04. International Flavors & Fragrances had a positive return on equity of 7.95% and a negative net margin of 3.48%.The company had revenue of $2.76 billion for the quarter, compared to analysts’ expectations of $2.69 billion. During the same period in the prior year, the firm earned $1.16 earnings per share. The firm’s revenue was down 4.3% compared to the same quarter last year. International Flavors & Fragrances has set its FY 2025 guidance at EPS. Research analysts anticipate that International Flavors & Fragrances will post 4.32 EPS for the current year.

International Flavors & Fragrances Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, October 10th. Investors of record on Monday, September 29th will be issued a $0.40 dividend. This represents a $1.60 annualized dividend and a yield of 2.6%. The ex-dividend date of this dividend is Monday, September 29th. International Flavors & Fragrances’s dividend payout ratio is -103.23%.

Insider Buying and Selling at International Flavors & Fragrances

In other news, Director Paul J. Fribourg acquired 15,450 shares of the company’s stock in a transaction on Thursday, August 7th. The shares were bought at an average price of $64.80 per share, with a total value of $1,001,160.00. Following the completion of the acquisition, the director owned 15,450 shares in the company, valued at $1,001,160. This trade represents a ∞ increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO J Erik Fyrwald acquired 15,300 shares of the company’s stock in a transaction on Thursday, August 7th. The shares were purchased at an average cost of $64.95 per share, for a total transaction of $993,735.00. Following the acquisition, the chief executive officer owned 77,370 shares of the company’s stock, valued at approximately $5,025,181.50. The trade was a 24.65% increase in their position. The disclosure for this purchase can be found here. Corporate insiders own 0.20% of the company’s stock.

Hedge Funds Weigh In On International Flavors & Fragrances

Several hedge funds have recently made changes to their positions in IFF. Blue Trust Inc. increased its position in shares of International Flavors & Fragrances by 7.6% during the second quarter. Blue Trust Inc. now owns 2,184 shares of the specialty chemicals company’s stock worth $161,000 after buying an additional 155 shares during the period. Horizon Investments LLC increased its position in shares of International Flavors & Fragrances by 4.9% during the first quarter. Horizon Investments LLC now owns 3,671 shares of the specialty chemicals company’s stock worth $285,000 after buying an additional 172 shares during the period. UMB Bank n.a. increased its position in shares of International Flavors & Fragrances by 17.3% during the second quarter. UMB Bank n.a. now owns 1,290 shares of the specialty chemicals company’s stock worth $95,000 after buying an additional 190 shares during the period. Eastern Bank grew its holdings in International Flavors & Fragrances by 43.9% in the second quarter. Eastern Bank now owns 633 shares of the specialty chemicals company’s stock worth $47,000 after purchasing an additional 193 shares during the period. Finally, State of Michigan Retirement System grew its holdings in International Flavors & Fragrances by 0.3% in the second quarter. State of Michigan Retirement System now owns 69,515 shares of the specialty chemicals company’s stock worth $5,113,000 after purchasing an additional 200 shares during the period. Hedge funds and other institutional investors own 96.02% of the company’s stock.

International Flavors & Fragrances Company Profile

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.