International Flavors & Fragrances Inc. (NYSE:IFF – Get Free Report) has been assigned an average rating of “Moderate Buy” from the thirteen brokerages that are covering the stock, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell rating, four have given a hold rating and eight have assigned a buy rating to the company. The average 1-year target price among analysts that have issued a report on the stock in the last year is $112.93.
A number of equities research analysts have recently weighed in on IFF shares. Citigroup started coverage on International Flavors & Fragrances in a report on Tuesday, June 13th. They set a “neutral” rating and a $84.00 target price for the company. Morgan Stanley decreased their target price on shares of 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. StockNews.com began coverage on shares of International Flavors & Fragrances in a research report on Thursday, May 18th. They issued a “sell” rating for the company. Barclays reduced their price target on International Flavors & Fragrances from $81.00 to $75.00 in a research report on Thursday, May 11th. Finally, UBS Group upped their target price on International Flavors & Fragrances from $126.00 to $128.00 in a research report on Tuesday, May 9th.
International Flavors & Fragrances Stock Up 1.5 %
Shares of IFF opened at $81.63 on Thursday. The firm has a market cap of $20.82 billion, a P/E ratio of -9.93, a price-to-earnings-growth ratio of 4.44 and a beta of 1.09. The company has a debt-to-equity ratio of 0.52, a quick ratio of 0.92 and a current ratio of 1.53. International Flavors & Fragrances has a 52 week low of $75.18 and a 52 week high of $129.20. The firm’s 50-day simple moving average is $81.04 and its 200 day simple moving average is $92.46.
International Flavors & Fragrances Announces Dividend
The business also recently disclosed a quarterly dividend, which was paid on Tuesday, July 11th. Investors of record on Friday, June 23rd were paid a $0.81 dividend. This represents a $3.24 annualized dividend and a yield of 3.97%. The ex-dividend date of this dividend was Thursday, June 22nd. International Flavors & Fragrances’s payout ratio is -39.42%.
Insider Buying and Selling at International Flavors & Fragrances
In other news, insider De Villeplee Christoph Fauchon sold 1,972 shares of the stock in a transaction on 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 transaction, the insider now directly owns 9,093 shares in the company, valued at approximately $785,180.55. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 0.20% of the company’s stock.
Institutional Investors Weigh In On International Flavors & Fragrances
A number of institutional investors have recently added to or reduced their stakes in the business. Biltmore Family Office LLC bought a new stake in shares of International Flavors & Fragrances in the fourth quarter worth $327,000. Westpac Banking Corp raised its position in shares of International Flavors & Fragrances by 6.2% during the fourth quarter. Westpac Banking Corp now owns 65,381 shares of the specialty chemicals company’s stock worth $6,855,000 after acquiring an additional 3,841 shares during the last quarter. Prudential PLC lifted its stake in shares of International Flavors & Fragrances by 179.9% in the fourth quarter. Prudential PLC now owns 14,047 shares of the specialty chemicals company’s stock worth $1,473,000 after acquiring an additional 9,029 shares during the period. Tokio Marine Asset Management Co. Ltd. boosted its holdings in International Flavors & Fragrances by 5.4% in the fourth quarter. Tokio Marine Asset Management Co. Ltd. now owns 5,470 shares of the specialty chemicals company’s stock valued at $573,000 after acquiring an additional 279 shares during the last quarter. Finally, Mitsubishi UFJ Trust & Banking Corp increased its position in International Flavors & Fragrances by 4.3% during the 4th quarter. Mitsubishi UFJ Trust & Banking Corp now owns 146,047 shares of the specialty chemicals company’s stock valued at $15,312,000 after purchasing an additional 5,961 shares during the period. 90.67% of the stock is owned by institutional investors.
International Flavors & Fragrances Company Profile
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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