International Flavors & Fragrances Inc. (NYSE:IFF) Receives Consensus Rating of "Moderate Buy" from Analysts

Key Points

• International Flavors & Fragrances Inc. (NYSE:IFF) received a consensus recommendation of "Moderate Buy" from 15 research firms, with an average one-year price target of $93.43.
• Recent insider transactions show significant purchases, with Director Kevin O'Byrne buying 4,500 shares and EVP Stephen N. Landsman acquiring 12,000 shares, highlighting insider confidence in the company's future.
• The company announced a $0.40 quarterly dividend that will be paid on October 10th, representing a 2.3% dividend yield.

International Flavors & Fragrances Inc. (NYSE:IFF - Get Free Report) has received a consensus rating of "Moderate Buy" from the fifteen ratings firms that are covering the firm, MarketBeat Ratings reports. One analyst has rated the stock with a sell recommendation, one has given a hold recommendation and thirteen have assigned a buy recommendation to the company. The average twelve-month target price among analysts that have issued ratings on the stock in the last year is $93.4286.

IFF has been the subject of a number of recent research reports. Wells Fargo & Company reduced their target price on shares of International Flavors & Fragrances from $105.00 to $90.00 and set an "overweight" rating for the company in a report on Wednesday, April 9th. Citigroup boosted their target price on shares of International Flavors & Fragrances from $84.00 to $90.00 and gave the stock a "buy" rating in a report on Thursday, May 8th. Tigress Financial initiated coverage on shares of International Flavors & Fragrances in a report on Wednesday, June 4th. They issued a "buy" rating and a $105.00 target price for the company. Morgan Stanley reduced their target price on shares of International Flavors & Fragrances from $100.00 to $98.00 and set an "overweight" rating for the company in a report on Tuesday, May 13th. Finally, Mizuho dropped their price target on International Flavors & Fragrances from $95.00 to $87.00 and set an "outperform" rating on the stock in a research note on Tuesday, April 15th.

Insider Transactions at International Flavors & Fragrances

In related news, Director Mehmood Khan purchased 4,000 shares of the firm's stock in a transaction on Thursday, May 15th. The stock was bought at an average cost of $75.33 per share, with a total value of $301,320.00. Following the completion of the acquisition, the director owned 4,604 shares of the company's stock, valued at $346,819.32. The trade was a 662.25% increase in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CAO Beril Yildiz sold 2,400 shares of the business's stock in a transaction that occurred on Monday, May 19th. The shares were sold at an average price of $77.33, for a total value of $185,592.00. Following the completion of the transaction, the chief accounting officer directly owned 3,321 shares of the company's stock, valued at $256,812.93. The trade was a 41.95% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have bought 22,050 shares of company stock valued at $1,688,512 over the last quarter. Company insiders own 0.20% of the company's stock.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of IFF. Wahed Invest LLC raised its stake in shares of International Flavors & Fragrances by 2.1% during the 4th quarter. Wahed Invest LLC now owns 6,339 shares of the specialty chemicals company's stock worth $536,000 after buying an additional 130 shares during the period. Commerce Bank raised its stake in International Flavors & Fragrances by 3.8% in the 4th quarter. Commerce Bank now owns 4,141 shares of the specialty chemicals company's stock valued at $350,000 after purchasing an additional 152 shares during the last quarter. Blue Trust Inc. raised its stake in International Flavors & Fragrances by 7.6% in the 2nd quarter. Blue Trust Inc. now owns 2,184 shares of the specialty chemicals company's stock valued at $161,000 after purchasing an additional 155 shares during the last quarter. Horizon Investments LLC raised its stake in International Flavors & Fragrances by 4.9% in the 1st quarter. Horizon Investments LLC now owns 3,671 shares of the specialty chemicals company's stock valued at $285,000 after purchasing an additional 172 shares during the last quarter. Finally, UMB Bank n.a. raised its stake in International Flavors & Fragrances by 17.3% in the 2nd quarter. UMB Bank n.a. now owns 1,290 shares of the specialty chemicals company's stock valued at $95,000 after purchasing an additional 190 shares during the last quarter. 96.02% of the stock is owned by institutional investors and hedge funds.

International Flavors & Fragrances Stock Up 1.0%

Shares of International Flavors & Fragrances stock traded up $0.68 during trading on Friday, hitting $70.16. 365,671 shares of the stock traded hands, compared to its average volume of 1,711,964. The firm has a market cap of $17.95 billion, a P/E ratio of -21.44, a price-to-earnings-growth ratio of 3.07 and a beta of 1.04. The company has a current ratio of 1.87, a quick ratio of 1.39 and a debt-to-equity ratio of 0.58. International Flavors & Fragrances has a 52-week low of $65.85 and a 52-week high of $106.77. The stock's fifty day simple moving average is $75.56 and its 200 day simple moving average is $77.92.

International Flavors & Fragrances (NYSE:IFF - Get Free Report) last announced its quarterly earnings results on Tuesday, May 6th. The specialty chemicals company reported $1.20 EPS for the quarter, beating the consensus estimate of $1.12 by $0.08. The firm had revenue of $2.84 billion for the quarter, compared to analyst estimates of $2.83 billion. International Flavors & Fragrances had a positive return on equity of 7.99% and a negative net margin of 7.31%. The business's revenue for the quarter was down 1.9% on a year-over-year basis. During the same quarter last year, the firm posted $1.13 earnings per share. On average, equities analysts predict that International Flavors & Fragrances will post 4.32 earnings per share for the current fiscal year.

International Flavors & Fragrances Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, October 10th. Investors of record on Monday, September 29th will be given a $0.40 dividend. The ex-dividend date is Monday, September 29th. This represents a $1.60 dividend on an annualized basis and a yield of 2.3%. International Flavors & Fragrances's dividend payout ratio is currently -48.93%.

International Flavors & Fragrances Company Profile

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.