International Flavors & Fragrances Inc. (NYSE:IFF)’s share price gapped up prior to trading on Monday . The stock had previously closed at $135.60, but opened at $135.85. International Flavors & Fragrances shares last traded at $137.27, with a volume of 85,616 shares.

A number of equities analysts recently weighed in on IFF shares. Berenberg Bank started coverage on shares of International Flavors & Fragrances in a report on Wednesday, July 20th. They issued a “buy” rating and a $163.40 price target on the stock. Deutsche Bank AG reissued a “hold” rating and issued a $130.00 price target (up from $124.00) on shares of International Flavors & Fragrances in a report on Sunday, July 24th. Zacks Investment Research raised shares of International Flavors & Fragrances from a “hold” rating to a “buy” rating and set a $149.00 price target on the stock in a report on Friday, July 22nd. Sanford C. Bernstein started coverage on shares of International Flavors & Fragrances in a report on Monday. They issued an “outperform” rating and a $160.00 price target on the stock. Finally, JPMorgan Chase & Co. reissued a “buy” rating and issued a $153.00 price target on shares of International Flavors & Fragrances in a report on Sunday, August 14th. Four equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. The company presently has a consensus rating of “Buy” and an average price target of $143.60.

The company’s 50 day moving average is $136.41 and its 200-day moving average is $126.52. The firm has a market cap of $11.12 billion, a price-to-earnings ratio of 26.74 and a beta of 0.99.

International Flavors & Fragrances (NYSE:IFF) last issued its quarterly earnings results on Monday, August 8th. The company reported $1.47 earnings per share for the quarter, beating the consensus estimate of $1.40 by $0.07. International Flavors & Fragrances had a return on equity of 26.66% and a net margin of 13.52%. The firm earned $793.48 million during the quarter, compared to the consensus estimate of $785.60 million. During the same period last year, the company earned $1.29 earnings per share. The company’s revenue was up 3.4% on a year-over-year basis. On average, analysts anticipate that International Flavors & Fragrances Inc. will post $5.56 EPS for the current year.

The business also recently declared a quarterly dividend, which will be paid on Thursday, October 6th. Stockholders of record on Monday, September 26th will be issued a dividend of $0.64 per share. The ex-dividend date is Thursday, September 22nd. This is an increase from International Flavors & Fragrances’s previous quarterly dividend of $0.56. This represents a $2.56 annualized dividend and a dividend yield of 1.85%. International Flavors & Fragrances’s dividend payout ratio (DPR) is presently 43.66%.

In other news, insider Nicolas Mirzayantz sold 3,880 shares of the firm’s stock in a transaction on Monday, July 18th. The stock was sold at an average price of $132.11, for a total transaction of $512,586.80. Following the completion of the transaction, the insider now directly owns 63,897 shares in the company, valued at $8,441,432.67. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 0.55% of the company’s stock.

Several institutional investors have recently modified their holdings of IFF. Norges Bank bought a new position in shares of International Flavors & Fragrances during the fourth quarter valued at $55,892,000. Chevy Chase Trust Holdings Inc. increased its position in shares of International Flavors & Fragrances by 3.9% in the first quarter. Chevy Chase Trust Holdings Inc. now owns 67,390 shares of the company’s stock valued at $7,667,000 after buying an additional 2,557 shares during the last quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund increased its position in shares of International Flavors & Fragrances by 12.5% in the first quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 18,798 shares of the company’s stock valued at $2,139,000 after buying an additional 2,087 shares during the last quarter. Exxonmobil Investment Management Inc. TX increased its position in shares of International Flavors & Fragrances by 8.1% in the first quarter. Exxonmobil Investment Management Inc. TX now owns 19,446 shares of the company’s stock valued at $2,212,000 after buying an additional 1,459 shares during the last quarter. Finally, Albert D Mason Inc. increased its position in shares of International Flavors & Fragrances by 31.1% in the first quarter. Albert D Mason Inc. now owns 12,435 shares of the company’s stock valued at $1,415,000 after buying an additional 2,952 shares during the last quarter. Hedge funds and other institutional investors own 81.17% of the company’s stock.

About International Flavors & Fragrances

International Flavors & Fragrances Inc (IFF) creates, manufactures and supplies flavors and fragrances (including cosmetic active ingredients) for the food, beverage, personal care and household products industries either in the form of compounds or individual ingredients. The Company operates in two segments: Flavors and Fragrances.

5 Day Chart for NYSE:IFF

Receive News & Ratings for International Flavors & Fragrances Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for International Flavors & Fragrances Inc. and related companies with Analyst Ratings Network's FREE daily email newsletter.