Oppenheimer Has Lowered Expectations for International Flavors & Fragrances (NYSE:IFF) Stock Price

International Flavors & Fragrances (NYSE:IFF - Free Report) had its target price trimmed by Oppenheimer from $104.00 to $89.00 in a research note issued to investors on Tuesday morning,Benzinga reports. The brokerage currently has an outperform rating on the specialty chemicals company's stock.

IFF has been the subject of a number of other reports. Wells Fargo & Company reduced their price objective on shares of International Flavors & Fragrances from $105.00 to $90.00 and set an "overweight" rating for the company in a research note on Wednesday, April 9th. Mizuho decreased their price target on International Flavors & Fragrances from $95.00 to $87.00 and set an "outperform" rating for the company in a research note on Tuesday, April 15th. Bank of America dropped their price objective on International Flavors & Fragrances from $105.00 to $101.00 and set a "buy" rating on the stock in a research note on Thursday, February 20th. Morgan Stanley decreased their target price on shares of International Flavors & Fragrances from $106.00 to $100.00 and set an "overweight" rating for the company in a research note on Thursday, April 10th. Finally, JPMorgan Chase & Co. dropped their price target on shares of International Flavors & Fragrances from $107.00 to $104.00 and set an "overweight" rating on the stock in a research report on Thursday, February 20th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and eleven have given a buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $94.54.

International Flavors & Fragrances Stock Down 0.5 %

Shares of International Flavors & Fragrances stock traded down $0.37 during trading on Tuesday, reaching $76.27. The stock had a trading volume of 1,348,646 shares, compared to its average volume of 1,537,553. The company has a current ratio of 1.84, a quick ratio of 1.93 and a debt-to-equity ratio of 0.54. The company has a market capitalization of $19.50 billion, a price-to-earnings ratio of 81.14, a P/E/G ratio of 1.45 and a beta of 1.21. The stock has a fifty day moving average price of $77.14 and a two-hundred day moving average price of $85.45. International Flavors & Fragrances has a 52 week low of $65.85 and a 52 week high of $106.77.

International Flavors & Fragrances (NYSE:IFF - Get Free Report) last released its earnings results on Tuesday, February 18th. The specialty chemicals company reported $0.97 EPS for the quarter, beating the consensus estimate of $0.83 by $0.14. International Flavors & Fragrances had a return on equity of 7.72% and a net margin of 2.12%. The firm had revenue of $2.77 billion for the quarter, compared to analysts' expectations of $2.67 billion. Sell-side 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 was paid on Friday, April 11th. Stockholders of record on Friday, March 21st were issued a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a dividend yield of 2.10%. The ex-dividend date was Friday, March 21st. International Flavors & Fragrances's dividend payout ratio is presently 170.21%.

Insider Transactions at International Flavors & Fragrances

In other news, Director Kevin O'byrne acquired 6,500 shares of the stock in a transaction on Wednesday, March 5th. The shares were purchased at an average price of $80.44 per share, for a total transaction of $522,860.00. Following the transaction, the director now directly owns 6,500 shares of the company's stock, valued at approximately $522,860. This represents a ∞ increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 0.20% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On International Flavors & Fragrances

Several institutional investors and hedge funds have recently modified their holdings of the business. Dodge & Cox increased its holdings in shares of International Flavors & Fragrances by 11.9% during the fourth quarter. Dodge & Cox now owns 31,437,763 shares of the specialty chemicals company's stock worth $2,658,063,000 after purchasing an additional 3,355,381 shares during the period. Vanguard Group Inc. increased its stake in International Flavors & Fragrances by 0.5% during the 4th quarter. Vanguard Group Inc. now owns 30,218,759 shares of the specialty chemicals company's stock worth $2,554,996,000 after acquiring an additional 164,945 shares during the period. Freemont Capital Pte Ltd acquired a new position in International Flavors & Fragrances in the 4th quarter valued at $2,143,882,000. Geode Capital Management LLC lifted its position in shares of International Flavors & Fragrances by 2.6% during the 4th quarter. Geode Capital Management LLC now owns 6,166,778 shares of the specialty chemicals company's stock valued at $520,032,000 after acquiring an additional 157,948 shares during the period. Finally, Van ECK Associates Corp grew its holdings in shares of International Flavors & Fragrances by 41.6% during the 4th quarter. Van ECK Associates Corp now owns 5,664,250 shares of the specialty chemicals company's stock worth $478,912,000 after purchasing an additional 1,663,629 shares in the last quarter. 96.02% of the stock is currently owned by institutional investors and hedge funds.

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.