International Flavors & Fragrances (NYSE:IFF) Sets New 12-Month Low at $75.69

Posted by on Jun 25th, 2023

International Flavors & Fragrances Inc. (NYSE:IFF – Get Rating)’s share price hit a new 52-week low during trading on Friday . The stock traded as low as $75.69 and last traded at $76.64, with a volume of 86038 shares changing hands. The stock had previously closed at $77.23.

Analyst Ratings Changes

Several equities analysts have commented on the company. Citigroup assumed coverage on International Flavors & Fragrances in a research report on Tuesday, June 13th. They issued a “neutral” rating and a $84.00 price objective on the stock. UBS Group upped their price objective on International Flavors & Fragrances from $126.00 to $128.00 in a research report on Tuesday, May 9th. StockNews.com assumed coverage on International Flavors & Fragrances in a research report on Thursday, May 18th. They issued a “sell” rating on the stock. Morgan Stanley cut their price objective on International Flavors & Fragrances from $136.00 to $125.00 and set an “overweight” rating on the stock in a research report on Wednesday, April 5th. Finally, Barclays cut their price objective on International Flavors & Fragrances from $81.00 to $75.00 in a research report on Thursday, May 11th. Two investment analysts have rated the stock with a sell rating, four have issued a hold rating and eight have given a buy rating to the company’s stock. Based on data from MarketBeat.com, International Flavors & Fragrances currently has an average rating of “Hold” and a consensus price target of $112.93.

International Flavors & Fragrances Stock Down 2.5 %

The company has a debt-to-equity ratio of 0.52, a quick ratio of 0.92 and a current ratio of 1.53. The stock has a market capitalization of $19.20 billion, a PE ratio of -9.16, a PEG ratio of 4.50 and a beta of 1.10. The business has a 50 day moving average of $85.52 and a two-hundred day moving average of $94.84.

International Flavors & Fragrances (NYSE:IFF – Get Rating) last issued its quarterly earnings data on Monday, May 8th. The specialty chemicals company reported $0.87 earnings per share for the quarter, missing analysts’ consensus estimates of $0.89 by ($0.02). International Flavors & Fragrances had a positive return on equity of 6.64% and a negative net margin of 17.12%. The company had revenue of $3.03 billion for the quarter, compared to analysts’ expectations of $2.98 billion. During the same quarter last year, the company earned $1.69 earnings per share. The company’s revenue for the quarter was down 6.2% compared to the same quarter last year. Analysts predict that International Flavors & Fragrances Inc. will post 4.67 EPS for the current year.

International Flavors & Fragrances Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, July 11th. Shareholders of record on Friday, June 23rd will be paid a $0.81 dividend. This represents a $3.24 dividend on an annualized basis and a yield of 4.30%. The ex-dividend date is Thursday, June 22nd. International Flavors & Fragrances’s dividend payout ratio (DPR) is presently -39.42%.

Insider Buying and Selling at International Flavors & Fragrances

In other International Flavors & Fragrances news, insider De Villeplee Christoph Fauchon sold 1,972 shares of the stock in a transaction dated Thursday, May 11th. The stock was sold at an average price of $86.35, for a total value of $170,282.20. Following the completion of the sale, the insider now directly owns 9,093 shares in the company, valued at $785,180.55. The transaction was disclosed in a document filed with the SEC, which is available at this link. 0.20% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the company. Covestor Ltd grew its holdings in International Flavors & Fragrances by 48.8% during the first quarter. Covestor Ltd now owns 244 shares of the specialty chemicals company’s stock worth $32,000 after acquiring an additional 80 shares during the period. Clear Street Markets LLC acquired a new stake in International Flavors & Fragrances during the fourth quarter worth about $27,000. Lindbrook Capital LLC grew its holdings in International Flavors & Fragrances by 147.5% during the fourth quarter. Lindbrook Capital LLC now owns 292 shares of the specialty chemicals company’s stock worth $31,000 after acquiring an additional 174 shares during the period. Penserra Capital Management LLC acquired a new stake in International Flavors & Fragrances during the fourth quarter worth about $31,000. Finally, CI Investments Inc. grew its holdings in International Flavors & Fragrances by 1,003.2% during the third quarter. CI Investments Inc. now owns 342 shares of the specialty chemicals company’s stock worth $31,000 after acquiring an additional 311 shares during the period. 90.67% of the stock is owned by institutional investors and hedge funds.

International Flavors & Fragrances Company Profile

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International Flavors & Fragrances Inc, together with its subsidiaries, manufactures and sells cosmetic active and natural health ingredients for use in various consumer products in Europe, Africa, the Middle East, Greater Asia, North America, and Latin America. It operates through four segments: Nourish, Scent, Health & Biosciences, and Pharma Solutions.

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