Stifel Nicolaus reiterated their hold rating on shares of International Flavors & Fragrances Inc (NYSE:IFF) in a research report sent to investors on Friday, June 16th. Stifel Nicolaus currently has a $136.00 target price on the specialty chemicals company’s stock, up from their previous target price of $129.00.

Other equities analysts have also issued research reports about the stock. UBS AG raised shares of International Flavors & Fragrances from a neutral rating to a buy rating and increased their price target for the stock from $129.00 to $138.00 in a report on Thursday, February 23rd. Barclays PLC set a $112.00 price target on shares of International Flavors & Fragrances and gave the stock a sell rating in a report on Saturday, February 18th. Zacks Investment Research raised shares of International Flavors & Fragrances from a sell rating to a hold rating in a report on Tuesday, April 25th. Vertical Research lowered shares of International Flavors & Fragrances from a buy rating to a hold rating in a report on Tuesday, May 9th. Finally, Deutsche Bank AG increased their price target on shares of International Flavors & Fragrances from $125.00 to $132.00 and gave the stock a hold rating in a report on Wednesday, May 10th. Two research analysts have rated the stock with a sell rating, twelve have given a hold rating and five have issued a buy rating to the company. The company presently has an average rating of Hold and a consensus price target of $139.68.

Shares of International Flavors & Fragrances (NYSE IFF) traded up 0.75% during mid-day trading on Friday, reaching $133.73. 392,113 shares of the company’s stock were exchanged. The firm has a market cap of $10.56 billion, a P/E ratio of 26.60 and a beta of 1.12. The company has a 50 day moving average price of $135.96 and a 200 day moving average price of $128.19. International Flavors & Fragrances has a 52-week low of $113.16 and a 52-week high of $143.64.

International Flavors & Fragrances (NYSE:IFF) last issued its quarterly earnings results on Monday, May 8th. The specialty chemicals company reported $1.52 EPS for the quarter, topping the Zacks’ consensus estimate of $1.51 by $0.01. The firm had revenue of $828.30 million for the quarter, compared to analyst estimates of $833.73 million. International Flavors & Fragrances had a net margin of 13.98% and a return on equity of 28.48%. The business’s revenue for the quarter was up 5.7% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.45 EPS. Analysts forecast that International Flavors & Fragrances will post $5.78 earnings per share for the current fiscal year.

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The company also recently declared a quarterly dividend, which was paid on Friday, July 7th. Shareholders of record on Monday, June 26th were given a dividend of $0.64 per share. The ex-dividend date of this dividend was Thursday, June 22nd. This represents a $2.56 annualized dividend and a yield of 1.91%. International Flavors & Fragrances’s payout ratio is currently 50.89%.

In other news, major shareholder Winder Investment Pte Ltd purchased 36,500 shares of the company’s stock in a transaction on Wednesday, April 19th. The stock was acquired at an average price of $134.53 per share, with a total value of $4,910,345.00. Following the transaction, the insider now directly owns 8,716,933 shares of the company’s stock, valued at approximately $1,172,688,996.49. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Francisco Fortanet sold 300 shares of the stock in a transaction on Wednesday, May 3rd. The shares were sold at an average price of $138.65, for a total transaction of $41,595.00. Following the sale, the executive vice president now directly owns 20,294 shares of the company’s stock, valued at approximately $2,813,763.10. The disclosure for this sale can be found here. Insiders have acquired a total of 675,140 shares of company stock valued at $91,928,729 in the last three months. 0.48% of the stock is currently owned by corporate insiders.

A number of large investors have recently made changes to their positions in IFF. Scotia Capital Inc. boosted its stake in shares of International Flavors & Fragrances by 1.5% in the fourth quarter. Scotia Capital Inc. now owns 10,880 shares of the specialty chemicals company’s stock valued at $1,282,000 after buying an additional 160 shares during the last quarter. Cantab Capital Partners LLP bought a new stake in International Flavors & Fragrances during the fourth quarter valued at approximately $753,000. First Allied Advisory Services Inc. bought a new stake in International Flavors & Fragrances during the fourth quarter valued at approximately $394,000. Credit Agricole S A boosted its stake in International Flavors & Fragrances by 28.3% in the fourth quarter. Credit Agricole S A now owns 141,146 shares of the specialty chemicals company’s stock valued at $16,631,000 after buying an additional 31,140 shares in the last quarter. Finally, Brown Advisory Inc. boosted its stake in International Flavors & Fragrances by 42.5% in the fourth quarter. Brown Advisory Inc. now owns 26,303 shares of the specialty chemicals company’s stock valued at $3,099,000 after buying an additional 7,850 shares in the last quarter. 83.45% of the stock is owned by institutional investors and hedge funds.

About International Flavors & Fragrances

International Flavors & Fragrances Inc creates, manufactures and supplies flavors and fragrances (including cosmetic active ingredients) used to impart or improve flavor or fragrance in a range of consumer products. The Company operates in two segments: Flavors and Fragrances. The Flavors segment offers flavor compounds that are sold to the food and beverage industries for use in consumer products, such as prepared foods, beverages, dairy, food and sweet products.

Analyst Recommendations for International Flavors & Fragrances (NYSE:IFF)

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