International Flavors & Fragrances (NYSE:IFF) Reaches New 12-Month Low – What’s Next?

International Flavors & Fragrances Inc. (NYSE:IFF)’s stock price hit a new 52-week low during trading on Friday . The stock traded as low as $77.28 and last traded at $78.00, with a volume of 542947 shares traded. The stock had previously closed at $79.34.

Analysts Set New Price Targets

Several brokerages have recently commented on IFF. Oppenheimer decreased their price target on International Flavors & Fragrances from $114.00 to $104.00 and set an “outperform” rating on the stock in a research note on Thursday, February 20th. Cfra lowered International Flavors & Fragrances from a “buy” rating to a “sell” rating and set a $77.00 price target on the stock. in a research note on Thursday, February 20th. Barclays reduced their target price on International Flavors & Fragrances from $90.00 to $88.00 and set an “equal weight” rating on the stock in a research note on Friday, January 17th. Wells Fargo & Company reduced their target price on International Flavors & Fragrances from $115.00 to $105.00 and set an “overweight” rating on the stock in a research note on Thursday, February 20th. Finally, Bank of America reduced their target price on International Flavors & Fragrances from $105.00 to $101.00 and set a “buy” rating on the stock in a research note on Thursday, February 20th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and eleven have given a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $103.77.

International Flavors & Fragrances Trading Down 1.3 %

The firm has a market capitalization of $20.02 billion, a price-to-earnings ratio of 83.26, a P/E/G ratio of 1.45 and a beta of 1.21. The company has a debt-to-equity ratio of 0.54, a quick ratio of 1.93 and a current ratio of 1.84. The business has a fifty day moving average price of $83.30 and a 200 day moving average price of $91.05.

International Flavors & Fragrances (NYSE:IFF) last released its quarterly earnings data on Tuesday, February 18th. The specialty chemicals company reported $0.97 EPS for the quarter, topping analysts’ consensus estimates of $0.83 by $0.14. The business had revenue of $2.77 billion during the quarter, compared to the consensus estimate of $2.67 billion. International Flavors & Fragrances had a return on equity of 7.72% and a net margin of 2.12%. As a group, equities analysts forecast that International Flavors & Fragrances Inc. will post 4.32 earnings per share for the current year.

International Flavors & Fragrances Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, April 11th. Investors of record on Friday, March 21st will be issued a $0.40 dividend. The ex-dividend date of this dividend is Friday, March 21st. This represents a $1.60 annualized dividend and a yield of 2.04%. International Flavors & Fragrances’s dividend payout ratio is currently 170.21%.

Insider Activity at International Flavors & Fragrances

In related news, Director Kevin O’byrne purchased 6,500 shares of the stock in a transaction that occurred on Wednesday, March 5th. The stock was purchased at an average cost of $80.44 per share, for a total transaction of $522,860.00. Following the acquisition, the director now owns 6,500 shares in the company, valued at approximately $522,860. This trade represents a ∞ increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.20% of the stock is owned by insiders.

Hedge Funds Weigh In On International Flavors & Fragrances

A number of institutional investors and hedge funds have recently added to or reduced their stakes in IFF. Victory Capital Management Inc. boosted its position in International Flavors & Fragrances by 37.6% in the 3rd quarter. Victory Capital Management Inc. now owns 113,019 shares of the specialty chemicals company’s stock valued at $11,859,000 after buying an additional 30,910 shares during the last quarter. Empowered Funds LLC boosted its position in International Flavors & Fragrances by 6.5% in the 3rd quarter. Empowered Funds LLC now owns 4,130 shares of the specialty chemicals company’s stock valued at $433,000 after buying an additional 251 shares during the last quarter. Thrivent Financial for Lutherans boosted its position in International Flavors & Fragrances by 12.3% in the 3rd quarter. Thrivent Financial for Lutherans now owns 12,102 shares of the specialty chemicals company’s stock valued at $1,270,000 after buying an additional 1,329 shares during the last quarter. LMR Partners LLP purchased a new position in International Flavors & Fragrances in the 3rd quarter valued at about $277,000. Finally, B. Metzler seel. Sohn & Co. Holding AG purchased a new position in International Flavors & Fragrances in the 3rd quarter valued at about $1,740,000. 96.02% of the stock is 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.