International Flavors & Fragrances Inc. (NYSE:IFF) Given Consensus Rating of “Moderate Buy” by Brokerages

Shares of International Flavors & Fragrances Inc. (NYSE:IFF) have been given a consensus recommendation of “Moderate Buy” by the nineteen ratings firms that are presently covering the company, MarketBeat reports. Two research analysts have rated the stock with a sell rating, four have given a hold rating and thirteen have issued a buy rating on the company. The average 12 month price target among brokers that have issued a report on the stock in the last year is $86.0722.

A number of equities analysts recently weighed in on IFF shares. BNP Paribas lowered their price target on shares of International Flavors & Fragrances from $92.00 to $91.00 in a research report on Monday, September 29th. Berenberg Bank lowered their price target on shares of International Flavors & Fragrances from $78.80 to $78.30 and set a “hold” rating on the stock in a research report on Monday, September 29th. Citigroup lowered their price target on shares of International Flavors & Fragrances from $82.00 to $75.00 and set a “buy” rating on the stock in a research report on Monday, October 6th. Barclays lowered their price target on shares of International Flavors & Fragrances from $78.00 to $72.00 and set an “overweight” rating on the stock in a research report on Friday, October 10th. Finally, Wells Fargo & Company reduced their target price on shares of International Flavors & Fragrances from $90.00 to $85.00 and set an “overweight” rating on the stock in a research note on Thursday, August 7th.

International Flavors & Fragrances Stock Up 0.6%

Shares of NYSE IFF opened at $65.04 on Wednesday. The firm has a market cap of $16.67 billion, a price-to-earnings ratio of -41.96, a price-to-earnings-growth ratio of 2.60 and a beta of 1.07. International Flavors & Fragrances has a 52-week low of $59.14 and a 52-week high of $104.69. The company’s 50-day simple moving average is $64.03 and its 200-day simple moving average is $70.90. The company has a quick ratio of 1.12, a current ratio of 1.86 and a debt-to-equity ratio of 0.39.

International Flavors & Fragrances (NYSE:IFF) last posted its quarterly earnings results on Tuesday, August 5th. The specialty chemicals company reported $1.15 earnings per share for the quarter, topping analysts’ consensus estimates of $1.11 by $0.04. The firm had revenue of $2.76 billion for the quarter, compared to analyst estimates of $2.69 billion. International Flavors & Fragrances had a negative net margin of 3.48% and a positive return on equity of 7.95%. International Flavors & Fragrances’s quarterly revenue was down 4.3% on a year-over-year basis. During the same period in the previous year, the business posted $1.16 earnings per share. International Flavors & Fragrances has set its FY 2025 guidance at EPS. Equities analysts predict that International Flavors & Fragrances will post 4.32 EPS for the current fiscal year.

International Flavors & Fragrances Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, October 10th. Shareholders of record on Monday, September 29th were paid a dividend of $0.40 per share. The ex-dividend date of this dividend was Monday, September 29th. This represents a $1.60 dividend on an annualized basis and a yield of 2.5%. International Flavors & Fragrances’s payout ratio is -103.23%.

Insider Transactions at International Flavors & Fragrances

In other news, Director Paul J. Fribourg bought 15,450 shares of International Flavors & Fragrances stock in a transaction on Thursday, August 7th. The shares were bought at an average cost of $64.80 per share, with a total value of $1,001,160.00. Following the completion of the purchase, the director directly owned 15,450 shares of the company’s stock, valued at approximately $1,001,160. This trade represents a ? increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO J Erik Fyrwald bought 15,300 shares of International Flavors & Fragrances stock in a transaction on Thursday, August 7th. The shares were purchased at an average cost of $64.95 per share, for a total transaction of $993,735.00. Following the completion of the purchase, the chief executive officer directly owned 77,370 shares of the company’s stock, valued at $5,025,181.50. This trade represents a 24.65% increase in their ownership of the stock. The disclosure for this purchase can be found here. 0.17% of the stock is owned by insiders.

Institutional Investors Weigh In On International Flavors & Fragrances

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Olstein Capital Management L.P. raised its stake in shares of International Flavors & Fragrances by 19.0% in the 3rd quarter. Olstein Capital Management L.P. now owns 125,000 shares of the specialty chemicals company’s stock valued at $7,693,000 after acquiring an additional 20,000 shares during the period. Pflug Koory LLC raised its stake in shares of International Flavors & Fragrances by 4.8% in the 3rd quarter. Pflug Koory LLC now owns 6,791 shares of the specialty chemicals company’s stock valued at $418,000 after acquiring an additional 312 shares during the period. Tectonic Advisors LLC raised its stake in shares of International Flavors & Fragrances by 13.7% in the 3rd quarter. Tectonic Advisors LLC now owns 7,954 shares of the specialty chemicals company’s stock valued at $489,000 after acquiring an additional 957 shares during the period. True Wealth Design LLC raised its stake in shares of International Flavors & Fragrances by 896.4% in the 3rd quarter. True Wealth Design LLC now owns 548 shares of the specialty chemicals company’s stock valued at $34,000 after acquiring an additional 493 shares during the period. Finally, Merit Financial Group LLC purchased a new stake in shares of International Flavors & Fragrances in the 3rd quarter valued at approximately $441,000. 96.02% of the stock is owned by hedge funds and other institutional investors.

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.