International Flavors & Fragrances Inc. (NYSE:IFF) Director Purchases $301,320.00 in Stock

International Flavors & Fragrances Inc. (NYSE:IFF) Director Mehmood Khan purchased 4,000 shares of the company’s stock in a transaction on Thursday, May 15th. The stock was purchased at an average cost of $75.33 per share, for a total transaction of $301,320.00. Following the purchase, the director now directly owns 4,604 shares in the company, valued at approximately $346,819.32. This trade represents a 662.25% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.

International Flavors & Fragrances Trading Up 2.0%

International Flavors & Fragrances stock opened at $77.68 on Friday. International Flavors & Fragrances Inc. has a 52 week low of $65.85 and a 52 week high of $106.77. The company has a debt-to-equity ratio of 0.54, a quick ratio of 1.93 and a current ratio of 1.84. The stock has a market capitalization of $19.87 billion, a P/E ratio of 82.64, a PEG ratio of 1.45 and a beta of 1.08. The stock has a 50-day simple moving average of $75.89 and a 200 day simple moving average of $82.66.

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

International Flavors & Fragrances Dividend Announcement

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

Analyst Ratings Changes

Several research firms have issued reports on IFF. Wells Fargo & Company dropped their price target on International Flavors & Fragrances from $105.00 to $90.00 and set an “overweight” rating on the stock in a research note on Wednesday, April 9th. Citigroup lifted their price target on International Flavors & Fragrances from $84.00 to $90.00 and gave the company a “buy” rating in a research note on Thursday, May 8th. Cfra cut International Flavors & Fragrances from a “buy” rating to a “sell” rating and set a $77.00 price objective for the company. in a report on Thursday, February 20th. Stifel Nicolaus decreased their price objective on International Flavors & Fragrances from $105.00 to $91.00 and set a “buy” rating for the company in a report on Thursday, April 10th. Finally, Bank of America decreased their price objective on International Flavors & Fragrances from $105.00 to $101.00 and set a “buy” rating for the company in a report on Thursday, February 20th. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and twelve have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $92.54.

Hedge Funds Weigh In On International Flavors & Fragrances

Hedge funds and other institutional investors have recently bought and sold shares of the business. SBI Securities Co. Ltd. acquired a new stake in International Flavors & Fragrances during the fourth quarter worth approximately $32,000. Fairway Wealth LLC acquired a new stake in International Flavors & Fragrances during the fourth quarter worth approximately $34,000. Banque Transatlantique SA acquired a new stake in International Flavors & Fragrances during the first quarter worth approximately $32,000. Rialto Wealth Management LLC acquired a new stake in International Flavors & Fragrances during the fourth quarter worth approximately $42,000. Finally, Zions Bancorporation National Association UT acquired a new stake in International Flavors & Fragrances during the first quarter worth approximately $42,000. Institutional investors 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.