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

Key Points

• International Flavors & Fragrances Inc. has received a consensus rating of "Moderate Buy" from fifteen analysts, with an average target price of $92.36.
• The company reported $1.15 EPS for the last quarter, exceeding analyst expectations, although revenue saw a 4.3% decline year-over-year.
• International Flavors & Fragrances announced a quarterly dividend of $0.40 per share, with a scheduled payout date of October 10th.

Shares of International Flavors & Fragrances Inc. (NYSE:IFF - Get Free Report) have been given a consensus rating of "Moderate Buy" by the fifteen ratings firms that are presently covering the company, Marketbeat reports. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and twelve have assigned a buy rating to the company. The average 12 month price target among analysts that have issued a report on the stock in the last year is $92.3571.

A number of equities analysts recently issued reports on IFF shares. Wells Fargo & Company dropped their price objective on shares of International Flavors & Fragrances from $90.00 to $85.00 and set an "overweight" rating on the stock in a report on Thursday, August 7th. UBS Group lowered 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 report on Wednesday, August 6th. Barclays lowered their target price on shares of International Flavors & Fragrances from $84.00 to $78.00 and set an "overweight" rating on the stock in a report on Friday, August 8th. 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. Finally, Morgan Stanley reduced their price target on shares of International Flavors & Fragrances from $100.00 to $98.00 and set an "overweight" rating on the stock in a research report on Tuesday, May 13th.

Insider Transactions at International Flavors & Fragrances

In related news, CEO J Erik Fyrwald purchased 15,300 shares of the business's stock in a transaction dated Thursday, August 7th. The shares were purchased at an average cost of $64.95 per share, for a total transaction of $993,735.00. Following the completion of the acquisition, the chief executive officer owned 77,370 shares in the company, valued at approximately $5,025,181.50. This trade represents a 24.65% increase in their position. The purchase was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director Paul J. Fribourg purchased 15,450 shares of the business's stock in a transaction dated Thursday, August 7th. The stock was bought at an average price 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 of the company's stock, valued at approximately $1,001,160. The trade was a ∞ increase in their position. The disclosure for this purchase can be found here. Corporate insiders own 0.20% of the company's stock.

Institutional Trading of International Flavors & Fragrances

Hedge funds have recently modified their holdings of the company. Dodge & Cox raised its position in shares of International Flavors & Fragrances by 3.8% in the 2nd 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 last quarter. Vanguard Group Inc. raised its position in International Flavors & Fragrances by 1.6% during the 2nd quarter. Vanguard Group Inc. now owns 30,880,203 shares of the specialty chemicals company's stock worth $2,271,239,000 after buying an additional 490,163 shares during the last quarter. Freemont Capital Pte Ltd purchased a new position in International Flavors & Fragrances during the 4th quarter worth approximately $2,143,882,000. State Street Corp raised its position in International Flavors & Fragrances by 3.6% during the 2nd quarter. State Street Corp now owns 10,884,974 shares of the specialty chemicals company's stock worth $804,753,000 after buying an additional 381,593 shares during the last quarter. Finally, Geode Capital Management LLC raised its position in International Flavors & Fragrances by 1.9% during 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 during the last quarter. 96.02% of the stock is owned by hedge funds and other institutional investors.

International Flavors & Fragrances Stock Up 0.5%

NYSE:IFF traded up $0.34 on Tuesday, reaching $67.12. 1,467,551 shares of the stock traded hands, compared to its average volume of 1,812,526. The company has a market capitalization of $17.20 billion, a price-to-earnings ratio of -43.30, a PEG ratio of 2.89 and a beta of 1.04. The company has a current ratio of 1.86, a quick ratio of 1.12 and a debt-to-equity ratio of 0.39. International Flavors & Fragrances has a 12 month low of $62.33 and a 12 month high of $106.77. The company's fifty day simple moving average is $71.81 and its 200 day simple moving average is $75.57.

International Flavors & Fragrances (NYSE:IFF - Get Free Report) last released its quarterly earnings data on Tuesday, August 5th. The specialty chemicals company reported $1.15 earnings per share for the quarter, beating analysts' consensus estimates of $1.11 by $0.04. International Flavors & Fragrances had a negative net margin of 3.48% and a positive return on equity of 7.95%. The business had revenue of $2.76 billion during the quarter, compared to analyst estimates of $2.69 billion. During the same period last year, the business earned $1.16 EPS. International Flavors & Fragrances's revenue was down 4.3% compared to the same quarter last year. International Flavors & Fragrances has set its FY 2025 guidance at EPS. Equities 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 disclosed a quarterly dividend, which will be paid on Friday, October 10th. Shareholders of record on Monday, September 29th will be given a dividend of $0.40 per share. The ex-dividend date is Monday, September 29th. This represents a $1.60 dividend on an annualized basis and a yield of 2.4%. International Flavors & Fragrances's payout ratio is -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.