ValuEngine lowered shares of International Flavors & Fragrances (NYSE:IFF) from a buy rating to a hold rating in a research report sent to investors on Thursday.

Several other equities research analysts have also issued reports on IFF. Zacks Investment Research upgraded shares of International Flavors & Fragrances from a hold rating to a buy rating and set a $153.00 price target on the stock in a research note on Friday, September 28th. Deutsche Bank upgraded shares of International Flavors & Fragrances from a hold rating to a buy rating and lifted their price target for the company from $126.00 to $154.00 in a research note on Tuesday, October 16th. Citigroup began coverage on International Flavors & Fragrances in a research report on Friday, November 16th. They issued a neutral rating and a $152.00 target price on the stock. Finally, Raymond James downgraded International Flavors & Fragrances from a market perform rating to an underperform rating and set a $135.00 target price on the stock. in a research report on Friday, November 16th. Four analysts have rated the stock with a sell rating, four have assigned a hold rating and four have assigned a buy rating to the company’s stock. International Flavors & Fragrances currently has an average rating of Hold and a consensus price target of $145.00.

International Flavors & Fragrances stock traded down $0.77 during midday trading on Thursday, reaching $134.95. The stock had a trading volume of 920,200 shares, compared to its average volume of 809,563. International Flavors & Fragrances has a 1-year low of $122.11 and a 1-year high of $157.40. The firm has a market cap of $14.56 billion, a PE ratio of 22.91, a P/E/G ratio of 2.70 and a beta of 0.82. The company has a debt-to-equity ratio of 1.07, a quick ratio of 8.21 and a current ratio of 9.16.

International Flavors & Fragrances (NYSE:IFF) last posted its quarterly earnings data on Monday, November 5th. The specialty chemicals company reported $1.54 earnings per share (EPS) for the quarter, meeting the Zacks’ consensus estimate of $1.54. International Flavors & Fragrances had a net margin of 7.86% and a return on equity of 21.76%. The company had revenue of $907.50 million for the quarter, compared to the consensus estimate of $886.15 million. During the same period last year, the company earned $1.47 earnings per share. The firm’s revenue was up 4.0% compared to the same quarter last year. As a group, equities research analysts predict that International Flavors & Fragrances will post 6.26 EPS for the current year.

The company also recently announced a quarterly dividend, which was paid on Monday, January 7th. Investors of record on Friday, December 28th were issued a dividend of $0.73 per share. The ex-dividend date of this dividend was Thursday, December 27th. This represents a $2.92 dividend on an annualized basis and a yield of 2.16%. International Flavors & Fragrances’s payout ratio is 49.58%.

In related news, EVP Francisco Fortanet sold 439 shares of the business’s stock in a transaction that occurred on Wednesday, November 14th. The stock was sold at an average price of $142.30, for a total transaction of $62,469.70. Following the transaction, the executive vice president now directly owns 15,754 shares of the company’s stock, valued at approximately $2,241,794.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, major shareholder Winder Investment Pte Ltd bought 64,500 shares of the firm’s stock in a transaction that occurred on Friday, October 19th. The shares were acquired at an average cost of $139.05 per share, for a total transaction of $8,968,725.00. Following the completion of the acquisition, the insider now directly owns 18,080,291 shares in the company, valued at approximately $2,514,064,463.55. The disclosure for this purchase can be found here. Insiders have bought a total of 1,285,958 shares of company stock worth $171,620,204 over the last 90 days. 0.50% of the stock is owned by company insiders.

Several hedge funds have recently bought and sold shares of IFF. IFP Advisors Inc increased its holdings in shares of International Flavors & Fragrances by 40.0% in the third quarter. IFP Advisors Inc now owns 1,399 shares of the specialty chemicals company’s stock valued at $195,000 after purchasing an additional 400 shares during the last quarter. Point72 Hong Kong Ltd acquired a new position in shares of International Flavors & Fragrances in the second quarter valued at approximately $200,000. IBM Retirement Fund acquired a new position in shares of International Flavors & Fragrances in the third quarter valued at approximately $201,000. Veritable L.P. acquired a new position in shares of International Flavors & Fragrances in the third quarter valued at approximately $201,000. Finally, Raymond James Trust N.A. acquired a new position in shares of International Flavors & Fragrances in the third quarter valued at approximately $203,000. 77.76% of the stock is currently owned by institutional investors and hedge funds.

International Flavors & Fragrances Company Profile

International Flavors & Fragrances Inc, together with its subsidiaries, manufactures flavors and fragrances for use in various consumer products. It operates through two segments, Flavors and Fragrances. The Flavors segment offers flavor compounds primarily to the food and beverage industries for use in consumer products, such as prepared foods, beverages, dairy, food, and sweet products.

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

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