International Flavors & Fragrances Inc. (NYSE:IFF) Receives $103.31 Consensus Target Price from Analysts

Shares of International Flavors & Fragrances Inc. (NYSE:IFF) have been given an average rating of “Moderate Buy” by the fourteen ratings firms that are currently covering the firm, MarketBeat reports. One research analyst has rated the stock with a sell recommendation, two have assigned a hold recommendation and eleven have given a buy recommendation to the company. The average 12-month price target among brokerages that have issued a report on the stock in the last year is $103.31.

Several equities analysts recently issued reports on the stock. Cfra lowered shares of International Flavors & Fragrances from a “buy” rating to a “sell” rating and set a $77.00 price objective on the stock. in a report on Thursday, February 20th. Citigroup cut their price target on International Flavors & Fragrances from $110.00 to $105.00 and set a “buy” rating on the stock in a report on Wednesday, December 18th. 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 research report on Monday, February 3rd. Argus upgraded shares of International Flavors & Fragrances from a “hold” rating to a “buy” rating in a report on Tuesday, January 7th. Finally, Barclays decreased their price target on shares of International Flavors & Fragrances from $83.00 to $82.00 and set an “equal weight” rating for the company in a research report on Thursday, March 27th.

International Flavors & Fragrances Trading Up 1.6 %

IFF opened at $78.66 on Friday. The company has a quick ratio of 1.93, a current ratio of 1.84 and a debt-to-equity ratio of 0.54. The stock’s fifty day moving average is $82.12 and its two-hundred day moving average is $89.35. The company has a market capitalization of $20.12 billion, a P/E ratio of 83.68, a PEG ratio of 1.45 and a beta of 1.21. International Flavors & Fragrances has a 52 week low of $75.73 and a 52 week high of $106.77.

International Flavors & Fragrances (NYSE:IFF) last announced its quarterly 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 firm had revenue of $2.77 billion for the quarter, compared to analyst estimates of $2.67 billion. Analysts forecast that International Flavors & Fragrances will post 4.32 earnings per share for the current year.

International Flavors & Fragrances Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, April 11th. Stockholders of record on Friday, March 21st will be issued a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a dividend yield of 2.03%. The ex-dividend date is Friday, March 21st. International Flavors & Fragrances’s dividend payout ratio (DPR) is presently 170.21%.

Insider Buying and Selling

In other news, Director Kevin O’byrne acquired 6,500 shares of the business’s stock in a transaction dated Wednesday, March 5th. The shares were acquired at an average cost of $80.44 per share, with a total value of $522,860.00. Following the completion of the acquisition, the director now owns 6,500 shares of the company’s stock, valued at approximately $522,860. This trade represents a ∞ increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through this link. 0.20% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On International Flavors & Fragrances

Large investors have recently bought and sold shares of the company. UMB Bank n.a. boosted its holdings in shares of International Flavors & Fragrances by 8.9% in the 4th quarter. UMB Bank n.a. now owns 1,458 shares of the specialty chemicals company’s stock valued at $123,000 after acquiring an additional 119 shares during the last quarter. Arete Wealth Advisors LLC boosted its stake in shares of International Flavors & Fragrances by 4.2% in the third quarter. Arete Wealth Advisors LLC now owns 3,061 shares of the specialty chemicals company’s stock worth $321,000 after buying an additional 124 shares during the last quarter. Truist Financial Corp grew its holdings in International Flavors & Fragrances by 0.7% during the fourth quarter. Truist Financial Corp now owns 19,908 shares of the specialty chemicals company’s stock worth $1,683,000 after acquiring an additional 129 shares during the period. Wahed Invest LLC lifted its holdings in International Flavors & Fragrances by 2.1% in the fourth quarter. Wahed Invest LLC now owns 6,339 shares of the specialty chemicals company’s stock valued at $536,000 after acquiring an additional 130 shares during the period. Finally, United Community Bank boosted its position in International Flavors & Fragrances by 19.4% in the 4th quarter. United Community Bank now owns 925 shares of the specialty chemicals company’s stock worth $78,000 after purchasing an additional 150 shares in the last quarter. Hedge funds and other institutional investors own 96.02% of the company’s stock.

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.