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

Key Points

• International Flavors & Fragrances Inc. has received a consensus rating of "Moderate Buy" from analysts, with 13 buy ratings, 4 holds, and 2 sells.
• The company's average 12-month target price is $86.07, reflecting analysts' expectations for future performance despite recent price target reductions from various firms.
• International Flavors & Fragrances recently declared a quarterly dividend of $0.40 per share, equivalent to an annual yield of 2.6%.

International Flavors & Fragrances Inc. (NYSE:IFF - Get Free Report) has been assigned an average recommendation of "Moderate Buy" from the nineteen ratings firms that are currently covering the company, Marketbeat reports. Two equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and thirteen have given a buy rating to the company. The average 12-month target price among brokers that have updated their coverage on the stock in the last year is $86.0722.

A number of research firms have recently weighed in on IFF. Citigroup cut their price objective on shares of International Flavors & Fragrances from $82.00 to $75.00 and set a "buy" rating for the company in a research report on Monday, October 6th. Argus cut their price objective on shares of International Flavors & Fragrances from $85.00 to $70.00 and set a "buy" rating for the company in a research report on Tuesday, October 7th. UBS Group cut their price objective on shares of International Flavors & Fragrances from $71.00 to $66.00 and set a "neutral" rating for the company in a research report on Monday, October 6th. Mizuho cut their price objective on shares of International Flavors & Fragrances from $85.00 to $75.00 and set an "outperform" rating for the company in a research report on Friday, October 3rd. Finally, Berenberg Bank cut their price objective on shares of International Flavors & Fragrances from $78.80 to $78.30 and set a "hold" rating for the company in a research report on Monday, September 29th.

International Flavors & Fragrances Stock Performance

Shares of IFF opened at $61.68 on Wednesday. The company has a current ratio of 1.86, a quick ratio of 1.12 and a debt-to-equity ratio of 0.39. The stock has a market cap of $15.81 billion, a P/E ratio of -39.79, a PEG ratio of 2.58 and a beta of 1.07. The company has a 50-day moving average of $64.11 and a two-hundred day moving average of $71.36. International Flavors & Fragrances has a 12-month low of $59.14 and a 12-month high of $106.77.

International Flavors & Fragrances (NYSE:IFF - Get Free Report) last announced its earnings results on Tuesday, August 5th. The specialty chemicals company reported $1.15 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.11 by $0.04. The company had revenue of $2.76 billion during the quarter, compared to analysts' expectations of $2.69 billion. International Flavors & Fragrances had a negative net margin of 3.48% and a positive return on equity of 7.95%. 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 business posted $1.16 earnings per share. International Flavors & Fragrances has set its FY 2025 guidance at EPS. As a group, research 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 announced a quarterly dividend, which was paid on Friday, October 10th. Investors of record on Monday, September 29th were issued a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a yield of 2.6%. The ex-dividend date was Monday, September 29th. International Flavors & Fragrances's payout ratio is presently -103.23%.

Insider Buying and Selling

In related news, Director Paul J. Fribourg bought 15,450 shares of the stock in a transaction that occurred on Thursday, August 7th. The stock was purchased at an average cost of $64.80 per share, for a total transaction of $1,001,160.00. Following the completion of the acquisition, the director owned 15,450 shares in the company, valued at $1,001,160. This trade represents a ∞ increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO J Erik Fyrwald bought 15,300 shares of the stock in a transaction that occurred on Thursday, August 7th. The stock was bought at an average price of $64.95 per share, with a total value of $993,735.00. Following the completion of the acquisition, the chief executive officer owned 77,370 shares of the company's stock, valued at $5,025,181.50. This trade represents a 24.65% increase in their position. The disclosure for this purchase can be found here. 0.17% of the stock is currently owned by insiders.

Institutional Investors Weigh In On International Flavors & Fragrances

Institutional investors have recently bought and sold shares of the stock. Dodge & Cox boosted 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 valued at $2,577,735,000 after purchasing an additional 1,272,780 shares during the period. Vanguard Group Inc. grew its position in shares of 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 worth $2,271,239,000 after acquiring an additional 490,163 shares during the last quarter. State Street Corp grew its position in shares of 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 worth $804,753,000 after acquiring an additional 381,593 shares during the last quarter. Geode Capital Management LLC grew its position 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 valued at $473,036,000 after buying an additional 123,520 shares in the last quarter. Finally, First Eagle Investment Management LLC grew its position 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 valued at $400,192,000 after buying an additional 2,991,405 shares in the last quarter. 96.02% of the stock is currently owned by hedge funds and other institutional investors.

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.

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