International Flavors & Fragrances’ (IFF) Sell (D) Rating Reiterated at Weiss Ratings

Weiss Ratings reiterated their sell (d) rating on shares of International Flavors & Fragrances (NYSE:IFF) in a research note released on Friday morning,Weiss Ratings reports.

Several other analysts have also issued reports on the stock. BNP Paribas Exane cut their price target on shares of International Flavors & Fragrances from $96.00 to $92.00 and set an “outperform” rating for the company in a research report on Thursday, September 11th. Morgan Stanley dropped their target price on shares of International Flavors & Fragrances from $92.00 to $90.00 and set an “overweight” rating for the company in a report on Monday, September 22nd. Argus dropped their target price on shares of International Flavors & Fragrances from $85.00 to $70.00 and set a “buy” rating for the company in a report on Tuesday, October 7th. Barclays dropped their target price on shares of International Flavors & Fragrances from $78.00 to $72.00 and set an “overweight” rating for the company in a report on Friday, October 10th. Finally, Wells Fargo & Company dropped their target price on shares of International Flavors & Fragrances from $90.00 to $85.00 and set an “overweight” rating for the company in a report on Thursday, August 7th. Thirteen research analysts have rated the stock with a Buy rating, four have issued a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $86.07.

International Flavors & Fragrances Stock Performance

NYSE IFF opened at $62.93 on Friday. The company has a 50-day simple moving average of $63.77 and a two-hundred day simple moving average of $70.52. The company has a quick ratio of 1.12, a current ratio of 1.86 and a debt-to-equity ratio of 0.39. International Flavors & Fragrances has a 12-month low of $59.14 and a 12-month high of $101.17. The firm has a market cap of $16.13 billion, a price-to-earnings ratio of -40.60, a PEG ratio of 2.54 and a beta of 1.07.

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

International Flavors & Fragrances Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, January 9th. Shareholders of record on Friday, December 19th will be issued a $0.40 dividend. The ex-dividend date is Friday, December 19th. This represents a $1.60 annualized dividend and a yield of 2.5%. International Flavors & Fragrances’s dividend payout ratio (DPR) is -103.23%.

Insider Activity

In related news, CEO J Erik Fyrwald acquired 15,300 shares of the stock in a transaction on Thursday, August 7th. The stock was acquired at an average cost of $64.95 per share, for a total transaction of $993,735.00. Following the completion of the acquisition, the chief executive officer directly owned 77,370 shares of the company’s stock, valued at approximately $5,025,181.50. This represents a 24.65% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Paul J. Fribourg acquired 15,450 shares of the stock in a transaction on Thursday, August 7th. The stock was 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 directly owned 15,450 shares of the company’s stock, valued at $1,001,160. This trade represents a ∞ increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Company insiders own 0.20% of the company’s stock.

Institutional Trading of International Flavors & Fragrances

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Banque Transatlantique SA bought a new position in shares of International Flavors & Fragrances during the first quarter valued at approximately $32,000. True Wealth Design LLC increased its stake in shares of International Flavors & Fragrances by 896.4% during the third quarter. True Wealth Design LLC now owns 548 shares of the specialty chemicals company’s stock valued at $34,000 after purchasing an additional 493 shares in the last quarter. American National Bank & Trust increased its stake in shares of International Flavors & Fragrances by 11,975.0% during the second quarter. American National Bank & Trust now owns 483 shares of the specialty chemicals company’s stock valued at $36,000 after purchasing an additional 479 shares in the last quarter. Zions Bancorporation National Association UT bought a new position in shares of International Flavors & Fragrances during the first quarter valued at approximately $42,000. Finally, Elkhorn Partners Limited Partnership increased its stake in shares of International Flavors & Fragrances by 200.0% during the second quarter. Elkhorn Partners Limited Partnership now owns 600 shares of the specialty chemicals company’s stock valued at $44,000 after purchasing an additional 400 shares in the last quarter. 96.02% of the stock is currently owned by hedge funds and other institutional investors.

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.