International Flavors & Fragrances (NYSE:IFF) Hits New 12-Month Low - What's Next?

Key Points

• International Flavors & Fragrances (IFF) has reached a new 52-week low, trading as low as $59.87 with a recent price of $59.94 and a trading volume of 2,208,529 shares.
• Analysts have mixed ratings for IFF, with thirteen analysts giving a Buy rating and a consensus price target of $87.57, despite some firms lowering their price targets recently.
• Iff announced a quarterly dividend of $0.40 per share, which represents an annual yield of 2.7%, though the payout ratio is currently negative at -103.23%.

International Flavors & Fragrances Inc. (NYSE:IFF - Get Free Report)'s share price reached a new 52-week low on Friday . The company traded as low as $59.87 and last traded at $59.94, with a volume of 2208529 shares trading hands. The stock had previously closed at $60.15.

Analyst Ratings Changes

A number of research firms recently weighed in on IFF. Tigress Financial reaffirmed a "buy" rating and issued a $105.00 target price on shares of International Flavors & Fragrances in a research report on Tuesday, August 26th. Berenberg Bank cut their price target on shares of International Flavors & Fragrances from $78.80 to $78.30 and set a "hold" rating for the company in a research note on Monday, September 29th. Morgan Stanley reduced their target price on shares of International Flavors & Fragrances from $92.00 to $90.00 and set an "overweight" rating for the company in a report on Monday, September 22nd. Oppenheimer cut shares of International Flavors & Fragrances from an "outperform" rating to a "market perform" rating in a research note on Thursday, August 7th. Finally, Barclays dropped their price objective on shares of International Flavors & Fragrances from $84.00 to $78.00 and set an "overweight" rating for the company in a research note on Friday, August 8th. Thirteen equities research analysts have rated the stock with a Buy rating, four have given a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat.com, International Flavors & Fragrances has a consensus rating of "Moderate Buy" and a consensus price target of $87.57.

International Flavors & Fragrances Stock Down 0.9%

The company has a market capitalization of $15.28 billion, a P/E ratio of -38.46, a price-to-earnings-growth ratio of 2.66 and a beta of 1.07. 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 firm's fifty day moving average is $64.69 and its 200-day moving average is $71.75.

International Flavors & Fragrances (NYSE:IFF - Get Free Report) last announced its quarterly 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 negative net margin of 3.48% and a positive return on equity of 7.95%. The firm's revenue was down 4.3% on a year-over-year basis. During the same period in the previous year, the firm posted $1.16 EPS. International Flavors & Fragrances has set its FY 2025 guidance at EPS. As a group, equities research analysts predict that International Flavors & Fragrances Inc. will post 4.32 EPS for the current year.

International Flavors & Fragrances Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, October 10th. Shareholders of record on Monday, September 29th will be issued a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a yield of 2.7%. The ex-dividend date of this dividend is Monday, September 29th. International Flavors & Fragrances's payout ratio is presently -103.23%.

Insider Buying and Selling

In other news, Director Paul J. Fribourg acquired 15,450 shares of International Flavors & Fragrances stock in a transaction dated Thursday, August 7th. The shares were bought at an average cost of $64.80 per share, with a total value of $1,001,160.00. Following the purchase, the director owned 15,450 shares in the company, valued at $1,001,160. This trade represents a ∞ increase in their position. The purchase was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CEO J Erik Fyrwald acquired 15,300 shares of International Flavors & Fragrances stock in a transaction dated Thursday, August 7th. The stock was purchased 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 owned 77,370 shares in the company, valued at approximately $5,025,181.50. The trade was a 24.65% increase in their position. The disclosure for this purchase can be found here. Insiders own 0.20% of the company's stock.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the business. Blue Trust Inc. raised its holdings in International Flavors & Fragrances by 7.6% during the second quarter. Blue Trust Inc. now owns 2,184 shares of the specialty chemicals company's stock worth $161,000 after buying an additional 155 shares during the last quarter. Horizon Investments LLC raised its holdings in International Flavors & Fragrances by 4.9% during the first quarter. Horizon Investments LLC now owns 3,671 shares of the specialty chemicals company's stock worth $285,000 after buying an additional 172 shares during the last quarter. UMB Bank n.a. grew its stake in shares of 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 worth $95,000 after acquiring an additional 190 shares in the last quarter. Eastern Bank grew its stake in shares of International Flavors & Fragrances by 43.9% in the 2nd quarter. Eastern Bank now owns 633 shares of the specialty chemicals company's stock worth $47,000 after acquiring an additional 193 shares in the last quarter. Finally, State of Michigan Retirement System grew its stake in shares of International Flavors & Fragrances by 0.3% in the 2nd quarter. State of Michigan Retirement System now owns 69,515 shares of the specialty chemicals company's stock worth $5,113,000 after acquiring an additional 200 shares in the last quarter. Institutional investors and hedge funds own 96.02% of the company's stock.

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.

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