International Flavors & Fragrances Inc. (NYSE:IFF) Receives Average Rating of “Moderate Buy” from Brokerages

International Flavors & Fragrances Inc. (NYSE:IFF) has been assigned a consensus rating of “Moderate Buy” from the eighteen brokerages that are covering the firm, MarketBeat reports. Two equities research analysts have rated the stock with a sell recommendation, four have given a hold recommendation and twelve have given a buy recommendation to the company. The average 1-year price objective among brokers that have issued ratings on the stock in the last year is $85.0176.

A number of research firms recently weighed in on IFF. Wells Fargo & Company lowered their price target on shares of International Flavors & Fragrances from $90.00 to $85.00 and set an “overweight” rating on the stock in a research report on Thursday, August 7th. Berenberg Bank lowered their target price on International Flavors & Fragrances from $78.80 to $78.30 and set a “hold” rating on the stock in a report on Monday, September 29th. Mizuho cut their price target on International Flavors & Fragrances from $85.00 to $75.00 and set an “outperform” rating for the company in a report on Friday, October 3rd. Bank of America lowered their price objective on International Flavors & Fragrances from $84.00 to $80.00 and set a “buy” rating on the stock in a research note on Tuesday, October 14th. Finally, Wolfe Research raised International Flavors & Fragrances from an “underperform” rating to a “peer perform” rating in a research note on Monday, September 8th.

International Flavors & Fragrances Stock Down 2.3%

NYSE IFF opened at $65.88 on Friday. The business has a fifty day moving average price of $63.22 and a 200 day moving average price of $69.77. The company has a debt-to-equity ratio of 0.39, a quick ratio of 1.12 and a current ratio of 1.86. The company has a market cap of $16.87 billion, a P/E ratio of -42.50, a P/E/G ratio of 2.54 and a beta of 1.04. International Flavors & Fragrances has a one year low of $59.14 and a one year high of $91.65.

International Flavors & Fragrances (NYSE:IFF) last announced its earnings results on Tuesday, November 4th. The specialty chemicals company reported $1.05 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.02 by $0.03. International Flavors & Fragrances had a negative net margin of 3.48% and a positive return on equity of 7.95%. The company had revenue of $2.69 billion for the quarter, compared to analysts’ expectations of $2.65 billion. During the same quarter in the previous year, the company posted $1.04 EPS. The firm’s quarterly revenue was down 7.9% on a year-over-year basis. International Flavors & Fragrances has set its FY 2025 guidance at EPS. Research analysts anticipate 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 will be paid on Friday, January 9th. Investors of record on Friday, December 19th will be given a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a yield of 2.4%. The ex-dividend date is Friday, December 19th. International Flavors & Fragrances’s dividend payout ratio (DPR) is presently -98.77%.

Institutional Trading of International Flavors & Fragrances

Hedge funds have recently made changes to their positions in the company. Dodge & Cox raised its position in shares of International Flavors & Fragrances by 5.5% during the 3rd quarter. Dodge & Cox now owns 36,972,638 shares of the specialty chemicals company’s stock valued at $2,275,296,000 after buying an additional 1,925,251 shares during the period. Vanguard Group Inc. increased its stake in International Flavors & Fragrances by 0.8% during the third quarter. Vanguard Group Inc. now owns 31,133,186 shares of the specialty chemicals company’s stock worth $1,915,936,000 after acquiring an additional 252,983 shares during the last quarter. State Street Corp raised its position in International Flavors & Fragrances by 3.6% in 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 purchasing an additional 381,593 shares during the period. Invesco Ltd. lifted its stake in shares of International Flavors & Fragrances by 131.3% in the 3rd quarter. Invesco Ltd. now owns 7,167,176 shares of the specialty chemicals company’s stock valued at $441,068,000 after purchasing an additional 4,069,075 shares during the last quarter. Finally, First Eagle Investment Management LLC grew its holdings in shares of International Flavors & Fragrances by 27.3% during the 3rd quarter. First Eagle Investment Management LLC now owns 6,927,070 shares of the specialty chemicals company’s stock worth $426,292,000 after purchasing an additional 1,485,976 shares during the period. Hedge funds and other institutional investors own 96.02% of the company’s stock.

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.