International Flavors & Fragrances (NYSE:IFF) Director Paul Fribourg Purchases 142,000 Shares

International Flavors & Fragrances Inc. (NYSE:IFF) Director Paul Fribourg purchased 142,000 shares of the business’s stock in a transaction on Thursday, March 12th. The stock was purchased at an average cost 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 approximately $169,906,054.90. This represents a 6.23% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

International Flavors & Fragrances Stock Performance

NYSE:IFF opened at $70.08 on Tuesday. International Flavors & Fragrances Inc. has a 12-month low of $59.14 and a 12-month high of $84.45. The company has a quick ratio of 0.85, a current ratio of 1.42 and a debt-to-equity ratio of 0.33. The firm has a 50-day moving average price of $74.58 and a 200 day moving average price of $68.22. The firm has a market capitalization of $17.90 billion, a PE ratio of -51.15, a price-to-earnings-growth ratio of 1.82 and a beta of 0.99.

International Flavors & Fragrances (NYSE:IFF) last posted its earnings results on Wednesday, February 11th. The specialty chemicals company reported $0.80 EPS for the quarter, missing the consensus estimate of $0.85 by ($0.05). The company had revenue of $2.59 billion for the quarter, compared to the consensus estimate of $2.52 billion. International Flavors & Fragrances had a positive return on equity of 7.67% and a negative net margin of 3.20%.International Flavors & Fragrances’s quarterly revenue was down 6.6% compared to the same quarter last year. During the same quarter last year, the business earned $0.97 EPS. Research analysts anticipate that International Flavors & Fragrances Inc. will post 4.32 earnings per share for the current fiscal year.

International Flavors & Fragrances Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, April 10th. Shareholders of record on Friday, March 20th will be given a $0.40 dividend. The ex-dividend date is Friday, March 20th. This represents a $1.60 dividend on an annualized basis and a yield of 2.3%. International Flavors & Fragrances’s payout ratio is -116.79%.

Institutional Investors Weigh In On International Flavors & Fragrances

Several institutional investors have recently modified their holdings of the business. Invesco Ltd. boosted its stake in International Flavors & Fragrances by 131.3% in the third quarter. Invesco Ltd. now owns 7,167,176 shares of the specialty chemicals company’s stock valued at $441,068,000 after acquiring an additional 4,069,075 shares during the last quarter. Eurizon Capital SGR S.p.A. bought a new position in shares of International Flavors & Fragrances in the 4th quarter worth $211,703,000. Ilex Capital Partners UK LLP acquired a new stake in shares of International Flavors & Fragrances during the second quarter worth $212,090,000. Ameriprise Financial Inc. lifted its stake in International Flavors & Fragrances by 1,842.0% in the second quarter. Ameriprise Financial Inc. now owns 2,491,606 shares of the specialty chemicals company’s stock valued at $183,264,000 after buying an additional 2,363,307 shares during the period. Finally, Norges Bank bought a new position in International Flavors & Fragrances during the 2nd quarter worth approximately $152,736,000. Institutional investors and hedge funds own 96.02% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have recently commented on IFF. Berenberg Bank reduced their target price on International Flavors & Fragrances from $78.30 to $77.50 and set a “hold” rating on the stock in a report on Thursday, February 5th. Bank of America lifted their price objective on International Flavors & Fragrances from $84.00 to $88.00 and gave the company a “buy” rating in a research report on Thursday, January 8th. Wells Fargo & Company increased their target price on International Flavors & Fragrances from $85.00 to $100.00 and gave the stock an “overweight” rating in a report on Friday, February 13th. Rothschild & Co Redburn raised their target price on International Flavors & Fragrances from $66.00 to $74.00 and gave the company a “neutral” rating in a research note on Monday, March 2nd. Finally, BNP Paribas Exane reduced their price target on shares of International Flavors & Fragrances from $89.00 to $88.00 and set an “outperform” rating on the stock in a research report on Friday, February 13th. Thirteen research analysts have rated the stock with a Buy rating, four have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $90.09.

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.