International Flavors & Fragrances Inc. (NYSE:IFF) Given Average Rating of "Moderate Buy" by Analysts

Shares of International Flavors & Fragrances Inc. (NYSE:IFF - Get Free Report) have earned an average recommendation of "Moderate Buy" from the fourteen ratings firms that are presently covering the company, Marketbeat reports. One analyst has rated the stock with a sell recommendation, one has assigned a hold recommendation and twelve have given a buy recommendation to the company. The average 12-month price objective among analysts that have issued ratings on the stock in the last year is $92.54.

IFF has been the subject of several recent analyst reports. Stifel Nicolaus reduced their target price on International Flavors & Fragrances from $105.00 to $91.00 and set a "buy" rating for the company in a research report on Thursday, April 10th. Oppenheimer reduced their price target on shares of International Flavors & Fragrances from $104.00 to $89.00 and set an "outperform" rating on the stock in a research report on Tuesday, April 22nd. Robert W. Baird decreased their target price on shares of International Flavors & Fragrances from $110.00 to $100.00 and set an "outperform" rating on the stock in a research report on Thursday, May 8th. Barclays raised International Flavors & Fragrances from an "equal weight" rating to an "overweight" rating and boosted their target price for the company from $76.00 to $84.00 in a research note on Thursday, May 8th. Finally, Cfra cut International Flavors & Fragrances from a "buy" rating to a "sell" rating and set a $77.00 price target on the stock. in a research note on Thursday, February 20th.

International Flavors & Fragrances Price Performance

International Flavors & Fragrances stock opened at $77.68 on Friday. The company has a current ratio of 1.84, a quick ratio of 1.93 and a debt-to-equity ratio of 0.54. The company has a market cap of $19.87 billion, a price-to-earnings ratio of 82.64, a PEG ratio of 1.45 and a beta of 1.08. International Flavors & Fragrances has a 12 month low of $65.85 and a 12 month high of $106.77. The business's 50 day simple moving average is $75.89 and its 200 day simple moving average is $82.66.

International Flavors & Fragrances (NYSE:IFF - Get Free Report) last released its quarterly earnings data on Tuesday, May 6th. The specialty chemicals company reported $1.20 EPS for the quarter, topping the consensus estimate of $1.12 by $0.08. The company had revenue of $2.84 billion during the quarter, compared to the consensus estimate of $2.83 billion. International Flavors & Fragrances had a net margin of 2.12% and a return on equity of 7.72%. International Flavors & Fragrances's revenue for the quarter was down 1.9% on a year-over-year basis. During the same period last year, the firm earned $1.13 EPS. Sell-side analysts forecast that International Flavors & Fragrances will post 4.32 EPS for the current year.

International Flavors & Fragrances Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, July 11th. Investors of record on Friday, June 20th will be paid a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a yield of 2.06%. The ex-dividend date is Friday, June 20th. International Flavors & Fragrances's payout ratio is currently -48.93%.

Insiders Place Their Bets

In other news, CEO J Erik Fyrwald acquired 700 shares of the stock in a transaction on Thursday, May 8th. The stock was acquired at an average price of $74.00 per share, with a total value of $51,800.00. Following the completion of the transaction, the chief executive officer now owns 37,770 shares of the company's stock, valued at $2,794,980. This represents a 1.89% increase in their position. The purchase was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director Mehmood Khan bought 4,000 shares of International Flavors & Fragrances stock in a transaction dated Thursday, May 15th. The stock was acquired at an average cost of $75.33 per share, for a total transaction of $301,320.00. Following the completion of the transaction, the director now directly owns 4,604 shares in the company, valued at approximately $346,819.32. This trade represents a 662.25% increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders purchased 11,200 shares of company stock worth $875,980 over the last three months. Company insiders own 0.20% of the company's stock.

Hedge Funds Weigh In On International Flavors & Fragrances

A number of institutional investors and hedge funds have recently made changes to their positions in the business. SBI Securities Co. Ltd. bought a new stake in shares of International Flavors & Fragrances in the 4th quarter worth approximately $32,000. Banque Transatlantique SA bought a new stake in International Flavors & Fragrances in the first quarter worth $32,000. Fairway Wealth LLC purchased a new stake in shares of International Flavors & Fragrances in the fourth quarter worth $34,000. Rialto Wealth Management LLC bought a new position in shares of International Flavors & Fragrances during the fourth quarter valued at $42,000. Finally, Zions Bancorporation National Association UT purchased a new position in shares of International Flavors & Fragrances in the 1st quarter worth about $42,000. 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.

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