Kevin O’byrne Buys 6,500 Shares of International Flavors & Fragrances Inc. (NYSE:IFF) Stock

International Flavors & Fragrances Inc. (NYSE:IFF) Director Kevin O’byrne purchased 6,500 shares of the firm’s stock in a transaction that occurred on Wednesday, March 5th. The stock was bought at an average price of $80.44 per share, for a total transaction of $522,860.00. Following the transaction, the director now directly owns 6,500 shares of the company’s stock, valued at $522,860. This trade represents a ∞ increase in their position. The purchase was disclosed in a filing with the SEC, which is accessible through this link.

International Flavors & Fragrances Stock Performance

Shares of IFF stock opened at $82.60 on Friday. The business’s 50 day simple moving average is $83.84 and its 200 day simple moving average is $92.47. International Flavors & Fragrances Inc. has a one year low of $78.54 and a one year high of $106.77. The stock has a market capitalization of $21.12 billion, a PE ratio of 87.88, a PEG ratio of 1.45 and a beta of 1.21. The company has a debt-to-equity ratio of 0.54, a current ratio of 1.84 and a quick ratio of 1.93.

International Flavors & Fragrances (NYSE:IFF) last announced its earnings results on Tuesday, February 18th. The specialty chemicals company reported $0.97 EPS for the quarter, beating the consensus estimate of $0.83 by $0.14. International Flavors & Fragrances had a return on equity of 7.72% and a net margin of 2.12%. The business had revenue of $2.77 billion for the quarter, compared to analysts’ expectations of $2.67 billion. As a group, research 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 announced 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. This represents a $1.60 annualized dividend and a yield of 1.94%. The ex-dividend date of this dividend is Friday, March 21st. International Flavors & Fragrances’s payout ratio is presently 170.21%.

Analyst Upgrades and Downgrades

IFF has been the topic of a number of recent analyst reports. Oppenheimer decreased their target price on International Flavors & Fragrances from $114.00 to $104.00 and set an “outperform” rating on the stock in a research report on Thursday, February 20th. Barclays decreased 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 report on Friday, January 17th. JPMorgan Chase & Co. decreased their target price on International Flavors & Fragrances from $107.00 to $104.00 and set an “overweight” rating on the stock in a research report on Thursday, February 20th. Stifel Nicolaus decreased their target price on International Flavors & Fragrances from $113.00 to $105.00 and set a “buy” rating on the stock in a research report on Monday, February 3rd. Finally, Cfra cut International Flavors & Fragrances from a “buy” rating to a “sell” rating and set a $77.00 target price on the stock. in a research report on Thursday, February 20th. One analyst has rated the stock with a sell rating, three have issued a hold rating and twelve have issued a buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $103.50.

Hedge Funds Weigh In On International Flavors & Fragrances

A number of institutional investors and hedge funds have recently modified their holdings of IFF. SBI Securities Co. Ltd. bought a new position in shares of International Flavors & Fragrances during the 4th quarter worth approximately $32,000. Fairway Wealth LLC bought a new position in shares of International Flavors & Fragrances during the 4th quarter worth approximately $34,000. Point72 Hong Kong Ltd bought a new position in shares of International Flavors & Fragrances during the 3rd quarter worth approximately $42,000. Rialto Wealth Management LLC bought a new position in shares of International Flavors & Fragrances during the 4th quarter worth approximately $42,000. Finally, Ashton Thomas Securities LLC bought a new position in shares of International Flavors & Fragrances during the 3rd quarter worth approximately $48,000. 96.02% of the stock is currently owned by institutional investors.

About International Flavors & Fragrances

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.