International Flavors & Fragrances Inc. (NYSE:IFF) Receives Average Rating of “Hold” from Brokerages

International Flavors & Fragrances Inc. (NYSE:IFF) has received an average recommendation of “Hold” from the nineteen analysts that are covering the company, Marketbeat reports. One analyst has rated the stock with a sell rating, nine have assigned a hold rating and nine have issued a buy rating on the company. The average 1 year price target among analysts that have issued ratings on the stock in the last year is $98.33.

Several research analysts have weighed in on IFF shares. JPMorgan Chase & Co. upgraded International Flavors & Fragrances from a “neutral” rating to an “overweight” rating and boosted their price target for the company from $75.00 to $100.00 in a report on Wednesday, May 8th. Barclays boosted their price objective on shares of International Flavors & Fragrances from $82.00 to $93.00 and gave the company an “equal weight” rating in a research note on Wednesday, May 8th. Bank of America boosted their price objective on shares of International Flavors & Fragrances from $87.00 to $99.00 and gave the company a “neutral” rating in a research note on Friday, May 10th. Mizuho boosted their price objective on shares of International Flavors & Fragrances from $91.00 to $98.00 and gave the company a “neutral” rating in a research note on Tuesday, May 7th. Finally, Wells Fargo & Company boosted their price objective on shares of International Flavors & Fragrances from $100.00 to $110.00 and gave the company an “overweight” rating in a research note on Wednesday, May 8th.

Insiders Place Their Bets

In other International Flavors & Fragrances news, insider Angela Strzelecki sold 2,588 shares of International Flavors & Fragrances stock in a transaction that occurred on Thursday, June 13th. The stock was sold at an average price of $95.66, for a total transaction of $247,568.08. Following the sale, the insider now directly owns 8,539 shares in the company, valued at approximately $816,840.74. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 0.20% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in IFF. Raymond James Trust N.A. grew its position in shares of International Flavors & Fragrances by 35.4% in the 4th quarter. Raymond James Trust N.A. now owns 6,872 shares of the specialty chemicals company’s stock worth $556,000 after acquiring an additional 1,798 shares in the last quarter. BKM Wealth Management LLC acquired a new position in shares of International Flavors & Fragrances in the 4th quarter worth approximately $216,000. SG Americas Securities LLC grew its position in shares of International Flavors & Fragrances by 399.4% in the 4th quarter. SG Americas Securities LLC now owns 17,128 shares of the specialty chemicals company’s stock worth $1,387,000 after acquiring an additional 13,698 shares in the last quarter. HB Wealth Management LLC boosted its position in International Flavors & Fragrances by 25.7% during the 4th quarter. HB Wealth Management LLC now owns 4,545 shares of the specialty chemicals company’s stock valued at $368,000 after purchasing an additional 929 shares during the period. Finally, Pacer Advisors Inc. boosted its position in International Flavors & Fragrances by 2.1% during the 4th quarter. Pacer Advisors Inc. now owns 28,102 shares of the specialty chemicals company’s stock valued at $2,275,000 after purchasing an additional 566 shares during the period. Institutional investors and hedge funds own 96.02% of the company’s stock.

International Flavors & Fragrances Trading Up 1.7 %

Shares of International Flavors & Fragrances stock opened at $98.84 on Monday. The business has a 50 day moving average price of $96.45 and a 200 day moving average price of $87.83. The company has a debt-to-equity ratio of 0.64, a current ratio of 1.68 and a quick ratio of 1.05. The company has a market capitalization of $25.24 billion, a P/E ratio of -10.12, a P/E/G ratio of 1.93 and a beta of 1.26. International Flavors & Fragrances has a 1 year low of $62.11 and a 1 year high of $99.91.

International Flavors & Fragrances (NYSE:IFF) last issued its quarterly earnings results on Monday, May 6th. The specialty chemicals company reported $1.13 earnings per share for the quarter, beating the consensus estimate of $0.86 by $0.27. The company had revenue of $2.90 billion during the quarter, compared to the consensus estimate of $2.78 billion. International Flavors & Fragrances had a positive return on equity of 5.78% and a negative net margin of 22.01%. International Flavors & Fragrances’s revenue was down 4.2% on a year-over-year basis. During the same period in the previous year, the firm posted $0.87 EPS. Sell-side analysts anticipate that International Flavors & Fragrances will post 3.98 EPS for the current fiscal year.

International Flavors & Fragrances Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, July 10th. Shareholders of record on Friday, June 21st were issued a dividend of $0.40 per share. The ex-dividend date was Friday, June 21st. This represents a $1.60 annualized dividend and a yield of 1.62%. International Flavors & Fragrances’s dividend payout ratio is presently -16.38%.

International Flavors & Fragrances Company Profile

International Flavors & Fragrances Inc, together with its subsidiaries, manufactures and sells cosmetic active and natural health ingredients for use in various consumer products in the United States, Europe, and internationally. It operates through four segments: Nourish, Health & Biosciences, Scent, and Pharma Solutions.