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

Key Points

• International Flavors & Fragrances Inc. (IFF) has received a consensus rating of "Moderate Buy" from 17 rating firms, including 13 buy ratings, 3 hold ratings, and 1 sell recommendation.
• The company declared a quarterly dividend of $0.40 per share, with an annualized dividend yield of 2.5% set to be paid on October 10th.
• In its latest earnings report, IFF reported earnings of $1.15 per share, surpassing the consensus estimate of $1.11, but revenue was down 4.3% year-over-year to $2.76 billion.

Shares of International Flavors & Fragrances Inc. (NYSE:IFF - Get Free Report) have been given a consensus recommendation of "Moderate Buy" by the seventeen research firms that are presently covering the company, MarketBeat.com reports. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and thirteen have given a buy rating to the company. The average twelve-month price target among analysts that have covered the stock in the last year is $91.80.

IFF has been the subject of a number of analyst reports. Morgan Stanley cut their price target on shares of International Flavors & Fragrances from $92.00 to $90.00 and set an "overweight" rating for the company in a research note on Monday. Wells Fargo & Company cut their target price on International Flavors & Fragrances from $90.00 to $85.00 and set an "overweight" rating on the stock in a research note on Thursday, August 7th. UBS Group reduced their price target on shares of International Flavors & Fragrances from $83.00 to $79.00 and set a "neutral" rating on the stock in a research report on Wednesday, August 6th. Oppenheimer cut shares of International Flavors & Fragrances from an "outperform" rating to a "market perform" rating in a research report on Thursday, August 7th. Finally, Wolfe Research raised shares of International Flavors & Fragrances from an "underperform" rating to a "peer perform" rating in a report on Monday, September 8th.

Insider Buying and Selling at International Flavors & Fragrances

In other news, Director Paul J. Fribourg acquired 15,450 shares of the firm's stock in a transaction dated Thursday, August 7th. The stock was bought at an average cost of $64.80 per share, for a total transaction of $1,001,160.00. Following the completion of the transaction, the director directly owned 15,450 shares in the company, valued at $1,001,160. This represents a ∞ increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, CEO J Erik Fyrwald acquired 15,300 shares of the company's stock in a transaction on Thursday, August 7th. The stock was acquired at an average cost of $64.95 per share, for a total transaction of $993,735.00. Following the completion of the purchase, the chief executive officer directly owned 77,370 shares of the company's stock, valued at approximately $5,025,181.50. This represents a 24.65% increase in their position. The disclosure for this purchase can be found here. Corporate insiders own 0.17% of the company's stock.

Institutional Trading of International Flavors & Fragrances

Several hedge funds have recently added to or reduced their stakes in the stock. Dodge & Cox increased its stake in shares of International Flavors & Fragrances by 3.8% in the second quarter. Dodge & Cox now owns 35,047,387 shares of the specialty chemicals company's stock worth $2,577,735,000 after purchasing an additional 1,272,780 shares in the last quarter. Vanguard Group Inc. grew its stake in International Flavors & Fragrances by 1.6% during the second quarter. Vanguard Group Inc. now owns 30,880,203 shares of the specialty chemicals company's stock valued at $2,271,239,000 after acquiring an additional 490,163 shares in the last quarter. State Street Corp grew its stake in International Flavors & Fragrances by 3.6% during the second quarter. State Street Corp now owns 10,884,974 shares of the specialty chemicals company's stock valued at $804,753,000 after acquiring an additional 381,593 shares in the last quarter. Geode Capital Management LLC grew its stake in International Flavors & Fragrances by 1.9% in the 2nd quarter. Geode Capital Management LLC now owns 6,459,129 shares of the specialty chemicals company's stock worth $473,036,000 after buying an additional 123,520 shares in the last quarter. Finally, First Eagle Investment Management LLC grew its stake in International Flavors & Fragrances by 122.1% in the 2nd quarter. First Eagle Investment Management LLC now owns 5,441,094 shares of the specialty chemicals company's stock worth $400,192,000 after buying an additional 2,991,405 shares in the last quarter. Institutional investors own 96.02% of the company's stock.

International Flavors & Fragrances Stock Performance

IFF stock traded up $0.44 on Friday, reaching $62.64. The company's stock had a trading volume of 122,997 shares, compared to its average volume of 1,857,212. International Flavors & Fragrances has a 52 week low of $62.17 and a 52 week high of $106.77. The company has a market capitalization of $16.05 billion, a P/E ratio of -40.44, a price-to-earnings-growth ratio of 2.75 and a beta of 1.07. The firm has a fifty day moving average of $68.25 and a two-hundred day moving average of $73.31. The company has a debt-to-equity ratio of 0.39, a current ratio of 1.86 and a quick ratio of 1.12.

International Flavors & Fragrances (NYSE:IFF - Get Free Report) last announced its quarterly earnings data on Tuesday, August 5th. The specialty chemicals company reported $1.15 EPS for the quarter, beating analysts' consensus estimates of $1.11 by $0.04. The company had revenue of $2.76 billion during the quarter, compared to the consensus estimate of $2.69 billion. International Flavors & Fragrances had a positive return on equity of 7.95% and a negative net margin of 3.48%.The company's quarterly revenue was down 4.3% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.16 EPS. International Flavors & Fragrances has set its FY 2025 guidance at EPS. As a group, analysts predict that International Flavors & Fragrances will post 4.32 EPS for the current fiscal year.

International Flavors & Fragrances Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, October 10th. Investors of record on Monday, September 29th will be paid a $0.40 dividend. The ex-dividend date of this dividend is Monday, September 29th. This represents a $1.60 annualized dividend and a yield of 2.6%. International Flavors & Fragrances's dividend payout ratio is presently -103.23%.

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.