Brokerages Set International Flavors & Fragrances Inc. (NYSE:IFF) Target Price at $92.33

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 rating of "Moderate Buy" by the seventeen analysts that are currently covering the company, Marketbeat reports. One research analyst has rated the stock with a sell rating, three have issued a hold rating and thirteen have given a buy rating to the company. The average 1 year price target among analysts that have issued ratings on the stock in the last year is $92.3333.

Several equities research analysts have weighed in on the company. Wells Fargo & Company lowered their price target on International Flavors & Fragrances from $90.00 to $85.00 and set an "overweight" rating for the company in a report on Thursday, August 7th. BNP Paribas Exane lowered their price target on International Flavors & Fragrances from $96.00 to $92.00 and set an "outperform" rating for the company in a report on Thursday, September 11th. Tigress Financial reissued a "buy" rating and issued a $105.00 price target on shares of International Flavors & Fragrances in a report on Tuesday, August 26th. Wolfe Research raised International Flavors & Fragrances from an "underperform" rating to a "peer perform" rating in a report on Monday, September 8th. Finally, Oppenheimer downgraded International Flavors & Fragrances from an "outperform" rating to a "market perform" rating in a report on Thursday, August 7th.

International Flavors & Fragrances Stock Down 0.3%

IFF traded down $0.22 on Friday, hitting $63.53. The company had a trading volume of 6,765,745 shares, compared to its average volume of 1,942,825. The stock has a fifty day moving average price of $68.50 and a 200-day moving average price of $73.51. International Flavors & Fragrances has a 12-month low of $62.33 and a 12-month high of $106.77. The company has a debt-to-equity ratio of 0.39, a quick ratio of 1.12 and a current ratio of 1.86. The stock has a market capitalization of $16.28 billion, a price-to-earnings ratio of -40.99, a P/E/G ratio of 2.75 and a beta of 1.07.

International Flavors & Fragrances (NYSE:IFF - Get Free Report) last posted its earnings results on Tuesday, August 5th. The specialty chemicals company reported $1.15 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.11 by $0.04. The company had revenue of $2.76 billion for the quarter, compared to analyst estimates 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 firm's quarterly revenue was down 4.3% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.16 earnings per share. International Flavors & Fragrances has set its FY 2025 guidance at EPS. Analysts predict that International Flavors & Fragrances will post 4.32 EPS for the current fiscal year.

International Flavors & Fragrances Announces Dividend

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 issued a dividend of $0.40 per share. The ex-dividend date of this dividend is Monday, September 29th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 2.5%. International Flavors & Fragrances's payout ratio is -103.23%.

Insider Transactions at International Flavors & Fragrances

In other news, Director Paul J. Fribourg bought 15,450 shares of the firm's stock in a transaction that occurred on Thursday, August 7th. The stock was purchased at an average price of $64.80 per share, with a total value of $1,001,160.00. Following the completion of the acquisition, the director directly owned 15,450 shares of the company's stock, valued at $1,001,160. This trade represents a ∞ increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO J Erik Fyrwald bought 15,300 shares of the firm's stock in a transaction that occurred on Thursday, August 7th. The shares were purchased at an average cost of $64.95 per share, with a total value of $993,735.00. Following the acquisition, the chief executive officer directly owned 77,370 shares of the company's stock, valued at approximately $5,025,181.50. This trade represents a 24.65% increase in their ownership of the stock. The disclosure for this purchase can be found here. 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. First Eagle Investment Management LLC lifted its holdings in International Flavors & Fragrances by 122.1% in the second quarter. First Eagle Investment Management LLC now owns 5,441,094 shares of the specialty chemicals company's stock valued at $400,192,000 after acquiring an additional 2,991,405 shares during the period. Ilex Capital Partners UK LLP acquired a new position in International Flavors & Fragrances in the second quarter valued at approximately $212,090,000. Ameriprise Financial Inc. lifted its holdings in International Flavors & Fragrances by 1,842.0% in the second quarter. Ameriprise Financial Inc. now owns 2,491,606 shares of the specialty chemicals company's stock valued at $183,264,000 after acquiring an additional 2,363,307 shares during the period. Dodge & Cox lifted its holdings in International Flavors & Fragrances by 7.4% in the first quarter. Dodge & Cox now owns 33,774,607 shares of the specialty chemicals company's stock valued at $2,621,247,000 after acquiring an additional 2,336,844 shares during the period. Finally, Norges Bank acquired a new position in International Flavors & Fragrances in the second quarter valued at approximately $152,736,000. 96.02% of the stock is owned by institutional investors and hedge funds.

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.