International Flavors & Fragrances (NYSE:IFF) Stock Rating Upgraded by Wolfe Research

Key Points

• International Flavors & Fragrances (NYSE:IFF) was upgraded from an "underperform" to a "peer perform" rating by Wolfe Research.
• The company reported a quarterly earnings of $1.15 EPS, exceeding the consensus estimate of $1.11, although revenue decreased by 4.3% year-over-year.
• Institutional investors hold 96.02% of the company's stock, indicating strong institutional interest in the company's performance.

International Flavors & Fragrances (NYSE:IFF - Get Free Report) was upgraded by research analysts at Wolfe Research from an "underperform" rating to a "peer perform" rating in a research note issued to investors on Monday, Marketbeat Ratings reports.

A number of other brokerages also recently weighed in on IFF. Barclays cut their price target 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. 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. UBS Group cut 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. Oppenheimer downgraded shares of International Flavors & Fragrances from an "outperform" rating to a "market perform" rating in a report on Thursday, August 7th. Finally, 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. Twelve investment analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the company's stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $92.36.

International Flavors & Fragrances Stock Down 1.0%

Shares of NYSE IFF traded down $0.67 during trading on Monday, hitting $65.68. The stock had a trading volume of 1,921,160 shares, compared to its average volume of 1,718,548. 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 current ratio of 1.86 and a quick ratio of 1.12. The company has a market capitalization of $16.83 billion, a PE ratio of -42.37, a PEG ratio of 2.87 and a beta of 1.07. The firm has a fifty day moving average of $69.71 and a two-hundred day moving average of $74.15.

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, topping the consensus estimate of $1.11 by $0.04. The firm had revenue of $2.76 billion during 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 business's revenue was down 4.3% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.16 EPS. International Flavors & Fragrances has set its FY 2025 guidance at EPS. As a group, equities research analysts forecast that International Flavors & Fragrances will post 4.32 EPS for the current fiscal year.

Insider Activity at International Flavors & Fragrances

In related news, CEO J Erik Fyrwald acquired 15,300 shares of the firm's stock in a transaction that occurred on Thursday, August 7th. The shares were bought at an average cost of $64.95 per share, for a total transaction of $993,735.00. Following the completion of the transaction, 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 ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Paul J. Fribourg acquired 15,450 shares of the firm's stock in a transaction that occurred on 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 transaction, the director owned 15,450 shares of the company's stock, valued at $1,001,160. The trade was a ∞ increase in their position. The disclosure for this purchase can be found here. 0.20% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. Dodge & Cox grew its position in International Flavors & Fragrances by 3.8% during 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 acquiring an additional 1,272,780 shares during the last quarter. Vanguard Group Inc. grew its position 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 during the last quarter. State Street Corp grew its position 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 during the last quarter. Geode Capital Management LLC grew its position in International Flavors & Fragrances by 1.9% during the second quarter. Geode Capital Management LLC now owns 6,459,129 shares of the specialty chemicals company's stock valued at $473,036,000 after acquiring an additional 123,520 shares during the last quarter. Finally, First Eagle Investment Management LLC grew its position in International Flavors & Fragrances by 122.1% during 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 last quarter. 96.02% of the stock is currently owned by 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.