By otakuyassine3@gmail.com 
International Flavors & Fragrances (NYSE:IFF – Free Report) had its price target trimmed by Wells Fargo & Company from $105.00 to $90.00 in a report released on Wednesday morning,Benzinga reports. The brokerage currently has an overweight rating on the specialty chemicals company’s stock.
A number of other equities analysts have also recently weighed in on the stock. JPMorgan Chase & Co. decreased their price objective on shares of International Flavors & Fragrances from $107.00 to $104.00 and set an “overweight” rating for the company in a research report on Thursday, February 20th. Oppenheimer reduced their price target on International Flavors & Fragrances from $114.00 to $104.00 and set an “outperform” rating for the company in a report on Thursday, February 20th. Stifel Nicolaus dropped their price objective on International Flavors & Fragrances from $113.00 to $105.00 and set a “buy” rating on the stock in a report on Monday, February 3rd. Bank of America reduced their target price on International Flavors & Fragrances from $105.00 to $101.00 and set a “buy” rating for the company in a research note on Thursday, February 20th. Finally, Argus upgraded shares of International Flavors & Fragrances from a “hold” rating to a “buy” rating in a research note on Tuesday, January 7th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and eleven have given a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $98.69.
Get Our Latest Analysis on IFF
International Flavors & Fragrances Trading Up 2.6 %
Shares of IFF opened at $73.24 on Wednesday. The firm has a market capitalization of $18.73 billion, a P/E ratio of 77.92, a price-to-earnings-growth ratio of 1.45 and a beta of 1.21. International Flavors & Fragrances has a twelve month low of $65.85 and a twelve month high of $106.77. The company has a current ratio of 1.84, a quick ratio of 1.93 and a debt-to-equity ratio of 0.54. The stock’s fifty day simple moving average is $79.41 and its 200 day simple moving average is $87.45.
International Flavors & Fragrances (NYSE:IFF – Get Free Report) last announced its quarterly earnings results on Tuesday, February 18th. The specialty chemicals company reported $0.97 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.83 by $0.14. The firm 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%. On average, equities research analysts forecast that International Flavors & Fragrances will post 4.32 earnings per share for the current year.
International Flavors & Fragrances Dividend Announcement
The firm also recently disclosed a quarterly dividend, which was paid on Friday, April 11th. Investors of record on Friday, March 21st were given a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a dividend yield of 2.18%. The ex-dividend date was Friday, March 21st. International Flavors & Fragrances’s dividend payout ratio is presently 170.21%.
Insiders Place Their Bets
In related news, Director Kevin O’byrne acquired 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 purchase, the director now directly owns 6,500 shares in the company, valued at $522,860. This represents a ∞ increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is accessible through this link. 0.17% of the stock is currently owned by corporate insiders.
Hedge Funds Weigh In On International Flavors & Fragrances
Several hedge funds and other institutional investors have recently modified their holdings of IFF. SBI Securities Co. Ltd. bought a new stake in International Flavors & Fragrances in the 4th quarter valued at about $32,000. Fairway Wealth LLC acquired a new stake in shares of International Flavors & Fragrances in the fourth quarter valued at approximately $34,000. Rialto Wealth Management LLC bought a new stake in shares of International Flavors & Fragrances during the fourth quarter valued at approximately $42,000. Principal Securities Inc. boosted its position in shares of International Flavors & Fragrances by 36.6% during the fourth quarter. Principal Securities Inc. now owns 638 shares of the specialty chemicals company’s stock worth $54,000 after buying an additional 171 shares during the period. Finally, Sugar Maple Asset Management LLC bought a new position in International Flavors & Fragrances in the 4th quarter worth approximately $78,000. Institutional investors and hedge funds own 96.02% of the company’s stock.
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.
Further Reading
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