International Flavors & Fragrances Inc. (NYSE:IFF) Receives $91.40 Average PT from Analysts

Shares of International Flavors & Fragrances Inc. (NYSE:IFF) have earned a consensus recommendation of “Moderate Buy” from the eighteen research firms that are covering the stock, MarketBeat.com reports. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and twelve have assigned a buy rating to the company. The average 1 year target price among brokers that have issued a report on the stock in the last year is $91.40.

Several research analysts have recently weighed in on IFF shares. Argus boosted their price target on shares of 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 lowered International Flavors & Fragrances from a “buy” rating to a “hold” rating and set a $93.00 target price on the stock. in a research report on Thursday, August 6th. Barclays upped their price target on International Flavors & Fragrances from $90.00 to $96.00 and gave the stock an “overweight” rating in a research note on Friday, August 7th. Zacks Research cut International Flavors & Fragrances from a “hold” rating to a “strong sell” rating in a research note on Thursday, August 6th. Finally, Deutsche Bank Aktiengesellschaft cut their price objective on International Flavors & Fragrances from $95.00 to $90.00 and set a “buy” rating on the stock in a report on Monday, June 1st.

Insider Transactions at International Flavors & Fragrances

In other news, insider De Mendonca Ana Paula Teles sold 5,718 shares of the firm’s stock in a transaction that occurred on Monday, August 17th. The shares were sold at an average price of $83.19, for a total value of $475,680.42. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, CAO Marc Birenkrant sold 1,000 shares of the company’s stock in a transaction that occurred on Friday, August 7th. The stock was sold at an average price of $85.00, for a total transaction of $85,000.00. Following the sale, the chief accounting officer directly owned 3,446 shares in the company, valued at approximately $292,910. The trade was a 22.49% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last quarter, insiders have sold 15,543 shares of company stock valued at $1,315,659. 1.07% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of IFF. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in shares of International Flavors & Fragrances by 5.3% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 26,315 shares of the specialty chemicals company’s stock valued at $2,042,000 after buying an additional 1,335 shares during the period. Jones Financial Companies Lllp increased its stake in shares of International Flavors & Fragrances by 15.7% during the first quarter. Jones Financial Companies Lllp now owns 3,976 shares of the specialty chemicals company’s stock worth $309,000 after buying an additional 539 shares during the period. Empowered Funds LLC raised its holdings in International Flavors & Fragrances by 71.5% in the first quarter. Empowered Funds LLC now owns 10,454 shares of the specialty chemicals company’s stock valued at $811,000 after acquiring an additional 4,358 shares in the last quarter. Focus Partners Wealth lifted its stake in International Flavors & Fragrances by 25.5% in the first quarter. Focus Partners Wealth now owns 7,527 shares of the specialty chemicals company’s stock worth $584,000 after acquiring an additional 1,530 shares during the last quarter. Finally, Geneos Wealth Management Inc. grew its holdings in International Flavors & Fragrances by 55.7% during the 1st quarter. Geneos Wealth Management Inc. now owns 587 shares of the specialty chemicals company’s stock worth $46,000 after acquiring an additional 210 shares in the last quarter. 96.02% of the stock is currently owned by hedge funds and other institutional investors.

International Flavors & Fragrances Trading Up 0.2%

NYSE IFF opened at $86.50 on Friday. The company has a market capitalization of $22.07 billion, a PE ratio of 79.36, a P/E/G ratio of 3.36 and a beta of 0.94. The company has a fifty day moving average of $81.84 and a 200 day moving average of $77.05. The company has a debt-to-equity ratio of 0.34, a current ratio of 2.06 and a quick ratio of 1.72. International Flavors & Fragrances has a 1 year low of $59.14 and a 1 year high of $89.32.

International Flavors & Fragrances (NYSE:IFF) last posted its earnings results on Tuesday, August 4th. The specialty chemicals company reported $0.82 EPS for the quarter, missing analysts’ consensus estimates 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 business 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 earnings per share. International Flavors & Fragrances’s revenue was up 1.8% on a year-over-year basis. Research analysts forecast that International Flavors & Fragrances will post 3.08 earnings per share for the current year.

International Flavors & Fragrances Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, October 9th. Shareholders of record on Friday, September 18th will be paid a dividend of $0.40 per share. The ex-dividend date is Friday, September 18th. This represents a $1.60 dividend on an annualized basis and a yield of 1.8%. International Flavors & Fragrances’s dividend payout ratio is 146.79%.

International Flavors & Fragrances announced that its Board of Directors has initiated a share buyback program on Tuesday, August 4th that allows the company to buyback $2.50 billion in outstanding shares. This buyback authorization allows the specialty chemicals company to repurchase up to 12.1% of its stock through open market purchases. Stock buyback programs are usually a sign that the company’s board of directors believes its shares are undervalued.

About International Flavors & Fragrances

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.