International Flavors & Fragrances Inc. (NYSE:IFF) Director Hernandez Margarita Palau Purchases 850 Shares

International Flavors & Fragrances Inc. (NYSE:IFF) Director Hernandez Margarita Palau acquired 850 shares of the firm’s stock in a transaction that occurred on Monday, May 19th. The stock was bought at an average cost of $77.42 per share, with a total value of $65,807.00. Following the completion of the transaction, the director now directly owns 2,393 shares in the company, valued at $185,266.06. The trade was a 55.09% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

International Flavors & Fragrances Stock Performance

International Flavors & Fragrances stock traded up $0.20 during mid-day trading on Tuesday, hitting $77.54. The company had a trading volume of 1,054,096 shares, compared to its average volume of 1,769,924. 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 $19.83 billion, a price-to-earnings ratio of 82.49, a P/E/G ratio of 1.45 and a beta of 1.08. The company’s fifty day moving average is $75.84 and its 200-day moving average is $82.39. International Flavors & Fragrances Inc. has a 12-month low of $65.85 and a 12-month high of $106.77.

International Flavors & Fragrances (NYSE:IFF) last announced its quarterly earnings results on Tuesday, May 6th. The specialty chemicals company reported $1.20 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.12 by $0.08. International Flavors & Fragrances had a net margin of 2.12% and a return on equity of 7.72%. The firm had revenue of $2.84 billion for the quarter, compared to the consensus estimate of $2.83 billion. During the same period in the prior year, the firm posted $1.13 earnings per share. The firm’s quarterly revenue was down 1.9% compared to the same quarter last year. Equities research analysts predict that International Flavors & Fragrances Inc. will post 4.32 EPS for the current year.

International Flavors & Fragrances Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, July 11th. Stockholders of record on Friday, June 20th will be given a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a dividend yield of 2.06%. The ex-dividend date of this dividend is Friday, June 20th. International Flavors & Fragrances’s dividend payout ratio (DPR) is presently -48.93%.

Analyst Ratings Changes

A number of research analysts have issued reports on IFF shares. UBS Group raised their price target on shares of International Flavors & Fragrances from $82.00 to $83.00 and gave the stock a “neutral” rating in a report on Wednesday, May 7th. Robert W. Baird dropped their price target on International Flavors & Fragrances from $110.00 to $100.00 and set an “outperform” rating on the stock in a research note on Thursday, May 8th. Mizuho reduced their price objective 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. Stifel Nicolaus dropped their target price on International Flavors & Fragrances from $105.00 to $91.00 and set a “buy” rating on the stock in a research report on Thursday, April 10th. Finally, Citigroup increased their price target on shares of International Flavors & Fragrances from $84.00 to $90.00 and gave the stock a “buy” rating in a report on Thursday, May 8th. One analyst has rated the stock with a sell rating, one has issued a hold rating and twelve have given a buy rating to the company. According to MarketBeat, International Flavors & Fragrances presently has a consensus rating of “Moderate Buy” and a consensus price target of $92.54.

Hedge Funds Weigh In On International Flavors & Fragrances

A number of large investors have recently bought and sold shares of the business. Compagnie Lombard Odier SCmA increased its position in shares of International Flavors & Fragrances by 11.1% in the fourth quarter. Compagnie Lombard Odier SCmA now owns 114,179 shares of the specialty chemicals company’s stock valued at $9,654,000 after buying an additional 11,406 shares in the last quarter. Choreo LLC increased its holdings in International Flavors & Fragrances by 55.7% in the 4th quarter. Choreo LLC now owns 24,401 shares of the specialty chemicals company’s stock worth $2,055,000 after acquiring an additional 8,728 shares in the last quarter. U.S. Capital Wealth Advisors LLC acquired a new position in International Flavors & Fragrances during the fourth quarter worth $7,508,000. Regents Gate Capital LLP purchased a new position in International Flavors & Fragrances during the fourth quarter valued at $6,044,000. Finally, Proficio Capital Partners LLC acquired a new stake in shares of International Flavors & Fragrances in the fourth quarter valued at about $8,099,000. Institutional investors and hedge funds own 96.02% of the company’s stock.

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.