Shares of International Flavors & Fragrances Inc. (NYSE:IFF) have earned a consensus rating of “Buy” from the ten ratings firms that are presently covering the stock. Three investment analysts have rated the stock with a hold rating and six have given a buy rating to the company. The average 12-month price target among analysts that have issued ratings on the stock in the last year is $148.80.

Several equities analysts have recently commented on IFF shares. Zacks Investment Research raised International Flavors & Fragrances from a “hold” rating to a “buy” rating and set a $141.00 target price for the company in a report on Tuesday, July 5th. Berenberg Bank started coverage on International Flavors & Fragrances in a report on Wednesday, July 20th. They set a “buy” rating and a $163.40 target price for the company. Deutsche Bank AG reaffirmed a “hold” rating and set a $130.00 target price (up from $124.00) on shares of International Flavors & Fragrances in a report on Sunday, July 24th. Gabelli lowered International Flavors & Fragrances from a “buy” rating to a “hold” rating in a report on Wednesday, August 10th. Finally, JPMorgan Chase & Co. reaffirmed a “buy” rating and set a $153.00 target price on shares of International Flavors & Fragrances in a report on Sunday, August 14th.

In other International Flavors & Fragrances news, insider Nicolas Mirzayantz sold 3,881 shares of the company’s stock in a transaction that occurred on Tuesday, August 16th. The stock was sold at an average price of $135.84, for a total value of $527,195.04. Following the completion of the sale, the insider now directly owns 60,016 shares in the company, valued at $8,152,573.44. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.55% of the stock is owned by company insiders.

A number of large investors have recently added to or reduced their stakes in the company. Global X Management Co. LLC increased its stake in International Flavors & Fragrances by 137.9% in the second quarter. Global X Management Co. LLC now owns 809 shares of the company’s stock worth $102,000 after buying an additional 469 shares during the period. Quadrant Capital Group LLC increased its stake in International Flavors & Fragrances by 0.5% in the second quarter. Quadrant Capital Group LLC now owns 874 shares of the company’s stock worth $110,000 after buying an additional 4 shares during the period. Mizuho Asset Management Co. Ltd. increased its stake in International Flavors & Fragrances by 72.8% in the second quarter. Mizuho Asset Management Co. Ltd. now owns 990 shares of the company’s stock worth $125,000 after buying an additional 417 shares during the period. Mycio Wealth Partners LLC increased its stake in International Flavors & Fragrances by 433.2% in the second quarter. Mycio Wealth Partners LLC now owns 1,109 shares of the company’s stock worth $140,000 after buying an additional 901 shares during the period. Finally, Meeder Asset Management Inc. purchased a new stake in International Flavors & Fragrances during the second quarter worth $171,000. Hedge funds and other institutional investors own 81.17% of the company’s stock.

International Flavors & Fragrances (NYSE:IFF) traded up 0.484% during trading on Monday, reaching $138.095. The company’s stock had a trading volume of 99,498 shares. The firm has a 50-day moving average price of $138.57 and a 200-day moving average price of $129.12. International Flavors & Fragrances has a 52 week low of $97.24 and a 52 week high of $143.64. The firm has a market capitalization of $10.99 billion, a P/E ratio of 26.425 and a beta of 1.03.

International Flavors & Fragrances (NYSE:IFF) last posted its earnings results on Monday, August 8th. The company reported $1.47 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.40 by $0.07. The company earned $793.48 million during the quarter, compared to analyst estimates of $785.60 million. International Flavors & Fragrances had a return on equity of 26.66% and a net margin of 13.52%. The business’s revenue was up 3.4% compared to the same quarter last year. During the same period in the prior year, the company earned $1.29 earnings per share. On average, equities analysts anticipate that International Flavors & Fragrances will post $5.56 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Thursday, October 6th. Shareholders of record on Monday, September 26th were given a $0.64 dividend. This represents a $2.56 dividend on an annualized basis and a yield of 1.86%. This is an increase from International Flavors & Fragrances’s previous quarterly dividend of $0.56. The ex-dividend date of this dividend was Thursday, September 22nd. International Flavors & Fragrances’s dividend payout ratio is 49.90%.

International Flavors & Fragrances Company Profile

International Flavors & Fragrances Inc (IFF) creates, manufactures and supplies flavors and fragrances (including cosmetic active ingredients) for the food, beverage, personal care and household products industries either in the form of compounds or individual ingredients. The Company operates in two segments: Flavors and Fragrances.

5 Day Chart for NYSE:IFF

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