International Flavors & Fragrances Inc. (NYSE:IFF) Receives $92.16 Consensus PT from Analysts

Shares of International Flavors & Fragrances Inc. (NYSE:IFF) have earned a consensus rating of “Moderate Buy” from the twenty ratings firms that are currently covering the stock, MarketBeat reports. One research analyst has rated the stock with a sell recommendation, six have assigned a hold recommendation and thirteen have assigned a buy recommendation to the company. The average 12-month price target among analysts that have updated their coverage on the stock in the last year is $92.1556.

A number of research firms recently issued reports on IFF. Barclays raised their target price on shares of International Flavors & Fragrances from $90.00 to $96.00 and gave the company an “overweight” rating in a research note on Friday, August 7th. JPMorgan Chase & Co. upped their price target on shares of International Flavors & Fragrances from $90.00 to $92.00 and gave the company an “overweight” rating in a report on Thursday, May 7th. Argus raised their price target on International Flavors & Fragrances from $80.00 to $85.00 and gave the company a “buy” rating in a research report on Tuesday, June 30th. Vertical Research cut International Flavors & Fragrances from a “buy” rating to a “hold” rating and set a $93.00 price objective for the company. in a research report on Thursday, August 6th. Finally, Wall Street Zen lowered International Flavors & Fragrances from a “hold” rating to a “sell” rating in a report on Saturday, August 8th.

International Flavors & Fragrances Stock Up 0.3%

IFF opened at $84.07 on Tuesday. The firm has a market cap of $21.45 billion, a P/E ratio of 77.13, a price-to-earnings-growth ratio of 3.12 and a beta of 0.93. The company has a debt-to-equity ratio of 0.34, a quick ratio of 1.72 and a current ratio of 2.06. The business has a 50 day moving average price of $78.64 and a 200 day moving average price of $75.85. International Flavors & Fragrances has a twelve month low of $59.14 and a twelve month high of $89.32.

International Flavors & Fragrances (NYSE:IFF) last announced its quarterly earnings results on Tuesday, August 4th. The specialty chemicals company reported $0.82 EPS for the quarter, missing the consensus estimate of $1.07 by ($0.25). International Flavors & Fragrances had a net margin of 2.78% and a return on equity of 7.11%. The company had revenue of $1.95 billion for the quarter, compared to analyst estimates of $2.62 billion. During the same quarter last year, the business earned $1.15 EPS. The company’s revenue for the quarter was up 1.8% on a year-over-year basis. Research analysts forecast that International Flavors & Fragrances will post 3.06 EPS for the current year.

International Flavors & Fragrances Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, October 9th. Stockholders of record on Friday, September 18th will be given a $0.40 dividend. This represents a $1.60 annualized dividend and a dividend yield of 1.9%. The ex-dividend date of this dividend is Friday, September 18th. International Flavors & Fragrances’s dividend payout ratio is currently 146.79%.

International Flavors & Fragrances announced that its board has authorized a stock repurchase plan on Tuesday, August 4th that allows the company to repurchase $2.50 billion in shares. This repurchase authorization allows the specialty chemicals company to repurchase up to 12.1% of its shares through open market purchases. Shares repurchase plans are typically a sign that the company’s management believes its shares are undervalued.

Insider Buying and Selling

In other news, CAO Marc Birenkrant sold 1,000 shares of the company’s stock in a transaction dated Friday, August 7th. The shares were sold at an average price of $85.00, for a total transaction of $85,000.00. Following the completion of the transaction, the chief accounting officer owned 3,446 shares of the company’s stock, valued at approximately $292,910. This represents a 22.49% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Paul J. Fribourg bought 260,000 shares of International Flavors & Fragrances stock in a transaction that occurred on Monday, June 1st. The stock was bought at an average price of $74.28 per share, with a total value of $19,312,800.00. Following the purchase, the director owned 2,682,730 shares of the company’s stock, valued at $199,273,184.40. This trade represents a 10.73% increase in their position. The SEC filing for this purchase provides additional information. 1.07% of the stock is currently owned by insiders.

Institutional Trading of International Flavors & Fragrances

A number of hedge funds have recently modified their holdings of IFF. OMERS ADMINISTRATION Corp bought a new stake in shares of International Flavors & Fragrances during the second quarter valued at approximately $1,336,000. Sanctuary Advisors LLC acquired a new position in shares of International Flavors & Fragrances in the second quarter valued at $1,365,000. Barrow Hanley Mewhinney & Strauss LLC bought a new position in International Flavors & Fragrances in the second quarter worth $14,469,000. Bank of Nova Scotia acquired a new stake in International Flavors & Fragrances during the second quarter worth $2,096,000. Finally, Commerce Bank bought a new stake in International Flavors & Fragrances in the 2nd quarter valued at $524,000. Institutional investors own 96.02% of the company’s stock.

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.