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

Shares of International Flavors & Fragrances Inc. (NYSE:IFF) have been given a consensus rating of “Moderate Buy” by the eighteen analysts that are covering the stock, MarketBeat reports. Five investment analysts have rated the stock with a hold recommendation and thirteen have assigned a buy recommendation to the company. The average 12 month price target among analysts that have covered the stock in the last year is $90.5765.

Several equities analysts recently issued reports on the company. Berenberg Bank increased their target price on International Flavors & Fragrances from $83.00 to $84.80 and gave the stock a “hold” rating in a research note on Thursday, May 7th. Citigroup dropped their price objective on shares of International Flavors & Fragrances from $96.00 to $88.00 and set a “buy” rating for the company in a report on Wednesday. Oppenheimer raised their price target on shares of International Flavors & Fragrances from $88.00 to $90.00 and gave the company an “outperform” rating in a research report on Thursday, May 7th. Benchmark began coverage on International Flavors & Fragrances in a report on Tuesday, June 9th. They issued a “buy” rating and a $100.00 target price for the company. Finally, Jefferies Financial Group increased their price target on International Flavors & Fragrances from $97.00 to $105.00 in a research report on Thursday, May 7th.

Insider Activity

In other news, Director Paul J. Fribourg purchased 260,000 shares of the company’s stock in a transaction that occurred on Monday, June 1st. The shares were purchased at an average price of $74.28 per share, for a total transaction of $19,312,800.00. Following the purchase, the director directly owned 2,682,730 shares of the company’s stock, valued at $199,273,184.40. This represents a 10.73% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 1.07% of the company’s stock.

Institutional Investors Weigh In On International Flavors & Fragrances

Several institutional investors have recently made changes to their positions in IFF. Lloyd Advisory Services LLC. acquired a new position in International Flavors & Fragrances during the fourth quarter worth $27,000. Root Financial Partners LLC increased its position in shares of International Flavors & Fragrances by 97.9% in the first quarter. Root Financial Partners LLC now owns 554 shares of the specialty chemicals company’s stock valued at $40,000 after buying an additional 274 shares in the last quarter. Geneos Wealth Management Inc. raised its stake in shares of 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 buying an additional 210 shares during the last quarter. Transamerica Financial Advisors LLC boosted its position in shares of International Flavors & Fragrances by 884.1% in the 2nd quarter. Transamerica Financial Advisors LLC now owns 679 shares of the specialty chemicals company’s stock worth $50,000 after buying an additional 610 shares in the last quarter. Finally, MassMutual Private Wealth & Trust FSB grew its stake in International Flavors & Fragrances by 42.8% in the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 798 shares of the specialty chemicals company’s stock valued at $54,000 after acquiring an additional 239 shares during 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 $76.26 on Monday. The company has a market cap of $19.47 billion, a P/E ratio of 23.32, a P/E/G ratio of 1.74 and a beta of 0.94. International Flavors & Fragrances has a twelve month low of $59.14 and a twelve month high of $84.45. The company’s 50-day moving average price is $74.96 and its 200-day moving average price is $72.89. The company has a current ratio of 1.49, a quick ratio of 0.87 and a debt-to-equity ratio of 0.33.

International Flavors & Fragrances (NYSE:IFF) last issued its earnings results on Tuesday, May 5th. The specialty chemicals company reported $1.25 EPS for the quarter, topping analysts’ consensus estimates of $1.08 by $0.17. The company had revenue of $2.74 billion for the quarter, compared to the consensus estimate of $2.64 billion. International Flavors & Fragrances had a net margin of 7.78% and a return on equity of 7.65%. International Flavors & Fragrances’s quarterly revenue was down 3.6% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.20 earnings per share. On average, sell-side analysts forecast that International Flavors & Fragrances will post 4.56 earnings per share for the current fiscal year.

International Flavors & Fragrances Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, July 10th. Shareholders of record on Thursday, June 18th will be issued a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a yield of 2.1%. The ex-dividend date of this dividend is Thursday, June 18th. International Flavors & Fragrances’s payout ratio is 48.93%.

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.