International Flavors & Fragrances Inc. (NYSE:IFF) Given Consensus Rating of “Hold” by Brokerages

Shares of International Flavors & Fragrances Inc. (NYSE:IFF) have received an average rating of “Hold” from the sixteen brokerages that are currently covering the stock, MarketBeat Ratings reports. One research analyst has rated the stock with a sell recommendation, seven have issued a hold recommendation and eight have given a buy recommendation to the company. The average twelve-month target price among brokers that have covered the stock in the last year is $101.80.

A number of brokerages have recently issued reports on IFF. Barclays increased their target price on International Flavors & Fragrances from $82.00 to $93.00 and gave the company an “equal weight” rating in a research report on Wednesday, May 8th. UBS Group dropped their target price on shares of International Flavors & Fragrances from $107.00 to $103.00 and set a “neutral” rating on the stock in a research report on Thursday, August 15th. Citigroup raised their price target on shares of International Flavors & Fragrances from $108.00 to $116.00 and gave the company a “buy” rating in a research note on Friday, July 12th. Wells Fargo & Company boosted their price objective on International Flavors & Fragrances from $110.00 to $115.00 and gave the stock an “overweight” rating in a research note on Thursday, August 8th. Finally, Robert W. Baird lifted their price target on International Flavors & Fragrances from $100.00 to $110.00 and gave the stock an “outperform” rating in a research note on Wednesday, May 8th.

Insider Buying and Selling at International Flavors & Fragrances

In other International Flavors & Fragrances news, insider Angela Strzelecki sold 2,588 shares of International Flavors & Fragrances stock in a transaction dated Thursday, June 13th. The shares were sold at an average price of $95.66, for a total transaction of $247,568.08. Following the completion of the sale, the insider now directly owns 8,539 shares in the company, valued at $816,840.74. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.20% of the stock is currently owned by corporate insiders.

Institutional Trading of International Flavors & Fragrances

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Riverview Trust Co acquired a new stake in shares of International Flavors & Fragrances in the first quarter valued at $27,000. Quent Capital LLC boosted its holdings in International Flavors & Fragrances by 183.2% during the 1st quarter. Quent Capital LLC now owns 371 shares of the specialty chemicals company’s stock valued at $32,000 after acquiring an additional 240 shares during the period. Family Firm Inc. acquired a new position in International Flavors & Fragrances in the 2nd quarter valued at about $38,000. MCF Advisors LLC increased its stake in International Flavors & Fragrances by 1,856.0% during the second quarter. MCF Advisors LLC now owns 489 shares of the specialty chemicals company’s stock worth $47,000 after purchasing an additional 464 shares during the period. Finally, Headlands Technologies LLC acquired a new stake in shares of International Flavors & Fragrances during the second quarter worth about $48,000. Hedge funds and other institutional investors own 96.02% of the company’s stock.

International Flavors & Fragrances Price Performance

Shares of NYSE IFF opened at $100.43 on Friday. The company has a debt-to-equity ratio of 0.64, a current ratio of 1.68 and a quick ratio of 1.05. The stock has a market capitalization of $25.64 billion, a price-to-earnings ratio of -10.28, a PEG ratio of 1.95 and a beta of 1.26. The firm’s 50 day simple moving average is $96.77 and its 200-day simple moving average is $90.04. International Flavors & Fragrances has a 12 month low of $62.28 and a 12 month high of $101.89.

International Flavors & Fragrances (NYSE:IFF) last issued its quarterly earnings data on Tuesday, August 6th. The specialty chemicals company reported $1.16 earnings per share for the quarter, topping analysts’ consensus estimates of $1.01 by $0.15. International Flavors & Fragrances had a negative net margin of 22.01% and a positive return on equity of 5.78%. The business had revenue of $2.89 billion during the quarter, compared to the consensus estimate of $2.83 billion. During the same quarter in the prior year, the firm posted $0.86 earnings per share. The company’s revenue was down 1.4% compared to the same quarter last year. Analysts expect that International Flavors & Fragrances will post 3.98 EPS for the current year.

International Flavors & Fragrances Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, October 9th. Stockholders of record on Friday, September 20th will be paid a $0.40 dividend. This represents a $1.60 annualized dividend and a dividend yield of 1.59%. The ex-dividend date is Friday, September 20th. International Flavors & Fragrances’s dividend payout ratio (DPR) is presently -16.38%.

About International Flavors & Fragrances

International Flavors & Fragrances Inc, together with its subsidiaries, manufactures and sells cosmetic active and natural health ingredients for use in various consumer products in the United States, Europe, and internationally. It operates through four segments: Nourish, Health & Biosciences, Scent, and Pharma Solutions.