International Flavors & Fragrances (NYSE:IFF) Reaches New 52-Week High at $98.34

International Flavors & Fragrances Inc. (NYSE:IFF - Get Free Report) hit a new 52-week high during mid-day trading on Thursday . The stock traded as high as $98.34 and last traded at $97.83, with a volume of 1890745 shares changing hands. The stock had previously closed at $96.51.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on the stock. Robert W. Baird raised their price target on shares of International Flavors & Fragrances from $100.00 to $110.00 and gave the company an "outperform" rating in a research note on Wednesday, May 8th. Wells Fargo & Company boosted their price target on International Flavors & Fragrances from $100.00 to $110.00 and gave the stock an "overweight" rating in a research report on Wednesday, May 8th. Bank of America raised their price objective on International Flavors & Fragrances from $87.00 to $99.00 and gave the company a "neutral" rating in a report on Friday, May 10th. Argus lowered shares of International Flavors & Fragrances from a "buy" rating to a "hold" rating in a report on Friday, March 8th. Finally, Stifel Nicolaus raised their price target on shares of International Flavors & Fragrances from $87.00 to $95.00 and gave the stock a "hold" rating in a research note on Tuesday, May 7th. One investment analyst has rated the stock with a sell rating, ten have given a hold rating and eight have given a buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has an average rating of "Hold" and a consensus price target of $94.18.

International Flavors & Fragrances Trading Up 1.4 %

The business's 50-day simple moving average is $85.78 and its two-hundred day simple moving average is $80.49. The firm has a market capitalization of $24.98 billion, a price-to-earnings ratio of -9.89, a PEG ratio of 1.98 and a beta of 1.21. The company has a quick ratio of 1.05, a current ratio of 1.68 and a debt-to-equity ratio of 0.64.

International Flavors & Fragrances (NYSE:IFF - Get Free Report) last issued its quarterly earnings data on Monday, May 6th. The specialty chemicals company reported $1.13 earnings per share for the quarter, beating analysts' consensus estimates of $0.86 by $0.27. International Flavors & Fragrances had a positive return on equity of 5.78% and a negative net margin of 22.01%. The business had revenue of $2.90 billion during the quarter, compared to analysts' expectations of $2.78 billion. During the same period in the previous year, the firm posted $0.87 earnings per share. The company's revenue was down 4.2% on a year-over-year basis. Equities analysts forecast that International Flavors & Fragrances Inc. will post 3.83 earnings per share for the current year.

International Flavors & Fragrances Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 10th. Investors of record on Friday, June 21st will be issued a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.64%. The ex-dividend date of this dividend is Friday, June 21st. International Flavors & Fragrances's dividend payout ratio (DPR) is currently -16.38%.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Ilex Capital Partners UK LLP raised its position in International Flavors & Fragrances by 344.5% in the 1st quarter. Ilex Capital Partners UK LLP now owns 847,504 shares of the specialty chemicals company's stock valued at $72,877,000 after purchasing an additional 656,820 shares in the last quarter. Price T Rowe Associates Inc. MD raised its holdings in International Flavors & Fragrances by 9.4% in the first quarter. Price T Rowe Associates Inc. MD now owns 1,895,581 shares of the specialty chemicals company's stock valued at $163,003,000 after acquiring an additional 162,179 shares in the last quarter. LRI Investments LLC purchased a new position in International Flavors & Fragrances in the first quarter worth approximately $83,000. OLD Mission Capital LLC acquired a new position in International Flavors & Fragrances during the 1st quarter worth approximately $4,665,000. Finally, EntryPoint Capital LLC purchased a new stake in shares of International Flavors & Fragrances in the 1st quarter valued at approximately $56,000. 96.02% of the stock is currently owned by hedge funds and other institutional investors.

About International Flavors & Fragrances

International Flavors & Fragrances Inc, together with its subsidiaries, manufactures and sells cosmetic active and natural health ingredients for use in various consumer products in the United States, Europe, and internationally. It operates through four segments: Nourish, Health & Biosciences, Scent, and Pharma Solutions.

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