International Flavors & Fragrances Inc. (NYSE:IFF) Given Consensus Recommendation of “Moderate Buy” by Analysts

Shares of International Flavors & Fragrances Inc. (NYSE:IFF) have received a consensus rating of “Moderate Buy” from the seventeen research firms that are presently covering the stock, MarketBeat.com reports. Five research analysts have rated the stock with a hold recommendation and twelve have issued a buy recommendation on the company. The average 1 year target price among brokerages that have updated their coverage on the stock in the last year is $90.4875.

Several equities research analysts have issued reports on IFF shares. UBS Group boosted their price target on shares of International Flavors & Fragrances from $75.00 to $86.00 in a report on Thursday, May 7th. Weiss Ratings raised shares of International Flavors & Fragrances from a “sell (d)” rating to a “hold (c)” rating in a report on Wednesday, May 6th. Berenberg Bank upped their target price on shares of International Flavors & Fragrances from $83.00 to $84.80 and gave the stock a “hold” rating in a report on Thursday, May 7th. Jefferies Financial Group upped their target price on shares of International Flavors & Fragrances from $97.00 to $105.00 in a report on Thursday, May 7th. Finally, Rothschild & Co Redburn lowered their target price on shares of International Flavors & Fragrances from $74.00 to $71.00 in a report on Friday, May 8th.

Insider Buying and Selling at International Flavors & Fragrances

In other news, Director Paul J. Fribourg bought 142,000 shares of the stock in a transaction dated Thursday, March 12th. The shares were acquired at an average price of $70.13 per share, with a total value of $9,958,460.00. Following the acquisition, the director owned 2,422,730 shares in the company, valued at $169,906,054.90. This trade represents a 6.23% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Insiders own 1.07% of the company’s stock.

Institutional Investors Weigh In On International Flavors & Fragrances

A number of hedge funds have recently added to or reduced their stakes in IFF. Lloyd Advisory Services LLC. bought a new stake in International Flavors & Fragrances during the 4th quarter worth about $27,000. Root Financial Partners LLC grew its holdings in International Flavors & Fragrances by 97.9% during the 1st quarter. Root Financial Partners LLC now owns 554 shares of the specialty chemicals company’s stock worth $40,000 after acquiring an additional 274 shares during the last quarter. Geneos Wealth Management Inc. grew its holdings in International Flavors & Fragrances by 55.7% during the 1st quarter. Geneos Wealth Management Inc. now owns 587 shares of the specialty chemicals company’s stock worth $46,000 after acquiring an additional 210 shares during the last quarter. Transamerica Financial Advisors LLC grew its holdings in International Flavors & Fragrances by 884.1% during the 2nd quarter. Transamerica Financial Advisors LLC now owns 679 shares of the specialty chemicals company’s stock worth $50,000 after acquiring an additional 610 shares during the last quarter. Finally, MassMutual Private Wealth & Trust FSB grew its holdings in International Flavors & Fragrances by 42.8% during the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 798 shares of the specialty chemicals company’s stock worth $54,000 after acquiring an additional 239 shares during the last quarter. Institutional investors own 96.02% of the company’s stock.

International Flavors & Fragrances Trading Down 2.4%

Shares of International Flavors & Fragrances stock opened at $74.23 on Thursday. The firm has a market capitalization of $18.95 billion, a PE ratio of 22.70, a price-to-earnings-growth ratio of 1.67 and a beta of 0.94. The company has a debt-to-equity ratio of 0.33, a current ratio of 1.49 and a quick ratio of 0.87. The company’s fifty day moving average price is $73.32 and its two-hundred day moving average price is $71.83. International Flavors & Fragrances has a 52-week low of $59.14 and a 52-week high of $84.45.

International Flavors & Fragrances (NYSE:IFF) last announced its quarterly earnings results on Tuesday, May 5th. The specialty chemicals company reported $1.25 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.08 by $0.17. The firm had revenue of $2.74 billion for the quarter, compared to analyst estimates of $2.64 billion. International Flavors & Fragrances had a net margin of 7.78% and a return on equity of 7.65%. The business’s revenue for the quarter was down 3.6% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.20 EPS. On average, analysts expect that International Flavors & Fragrances will post 4.57 EPS for the current year.

International Flavors & Fragrances Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, July 10th. Stockholders of record on Thursday, June 18th will be issued a $0.40 dividend. The ex-dividend date of this dividend is Thursday, June 18th. This represents a $1.60 annualized dividend and a dividend yield of 2.2%. International Flavors & Fragrances’s dividend payout ratio is presently 48.93%.

International Flavors & Fragrances Company Profile

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.