Internationa Flavors & Fragrances, Inc. (NYSE:IFF) Receives Consensus Rating of “Hold” from Brokerages

Shares of Internationa Flavors & Fragrances, Inc. (NYSE:IFF) have been assigned an average rating of “Hold” from the nineteen brokerages that are covering the stock, Marketbeat Ratings reports. Two research analysts have rated the stock with a sell recommendation, eleven have given a hold recommendation and six have given a buy recommendation to the company. The average twelve-month target price among brokers that have issued a report on the stock in the last year is $141.49.

IFF has been the subject of several research analyst reports. Vertical Group downgraded shares of Internationa Flavors & Fragrances from a “buy” rating to a “hold” rating in a report on Tuesday, May 9th. Zacks Investment Research downgraded shares of Internationa Flavors & Fragrances from a “hold” rating to a “sell” rating in a report on Tuesday, April 18th. Deutsche Bank AG raised their price objective on shares of Internationa Flavors & Fragrances from $125.00 to $132.00 and gave the stock a “hold” rating in a report on Wednesday, May 10th. Vertical Research downgraded shares of Internationa Flavors & Fragrances from a “buy” rating to a “hold” rating in a report on Tuesday, May 9th. Finally, Raymond James Financial, Inc. initiated coverage on shares of Internationa Flavors & Fragrances in a report on Friday, July 7th. They issued a “market perform” rating for the company.

In other Internationa Flavors & Fragrances news, insider Nicolas Mirzayantz sold 1,233 shares of the firm’s stock in a transaction on Monday, July 17th. The shares were sold at an average price of $133.76, for a total value of $164,926.08. Following the completion of the transaction, the insider now directly owns 46,274 shares of the company’s stock, valued at approximately $6,189,610.24. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, major shareholder Winder Investment Pte Ltd purchased 12,800 shares of the business’s stock in a transaction on Monday, May 1st. The stock was purchased at an average cost of $138.93 per share, with a total value of $1,778,304.00. Following the completion of the acquisition, the insider now owns 8,928,561 shares in the company, valued at $1,240,444,979.73. The disclosure for this purchase can be found here. Over the last three months, insiders acquired 666,032 shares of company stock valued at $89,729,073. Insiders own 0.48% of the company’s stock.

Hedge funds and other institutional investors have recently made changes to their positions in the stock. YorkBridge Wealth Partners LLC increased its position in shares of Internationa Flavors & Fragrances by 25.3% in the first quarter. YorkBridge Wealth Partners LLC now owns 723 shares of the specialty chemicals company’s stock valued at $100,000 after buying an additional 146 shares during the last quarter. TrimTabs Asset Management LLC bought a new stake in Internationa Flavors & Fragrances during the first quarter valued at $122,000. Cornerstone Advisors Inc. boosted its stake in Internationa Flavors & Fragrances by 30.2% in the second quarter. Cornerstone Advisors Inc. now owns 1,056 shares of the specialty chemicals company’s stock valued at $143,000 after buying an additional 245 shares during the period. Van ECK Associates Corp boosted its stake in Internationa Flavors & Fragrances by 7.2% in the first quarter. Van ECK Associates Corp now owns 1,167 shares of the specialty chemicals company’s stock valued at $155,000 after buying an additional 78 shares during the period. Finally, Cohen Capital Management Inc. bought a new stake in Internationa Flavors & Fragrances during the first quarter valued at $172,000. 83.59% of the stock is owned by hedge funds and other institutional investors.

Shares of Internationa Flavors & Fragrances (IFF) traded down 0.32% during midday trading on Friday, hitting $133.15. The company had a trading volume of 340,568 shares. Internationa Flavors & Fragrances has a 12-month low of $113.16 and a 12-month high of $143.64. The company’s 50-day moving average price is $134.52 and its 200 day moving average price is $130.15. The company has a market capitalization of $10.51 billion, a price-to-earnings ratio of 26.48 and a beta of 1.12.

Internationa Flavors & Fragrances (NYSE:IFF) last issued its quarterly earnings results on Monday, May 8th. The specialty chemicals company reported $1.52 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.51 by $0.01. Internationa Flavors & Fragrances had a net margin of 12.72% and a return on equity of 26.75%. The company had revenue of $828.30 million during the quarter, compared to analyst estimates of $833.73 million. During the same quarter last year, the business posted $1.45 EPS. Internationa Flavors & Fragrances’s quarterly revenue was up 5.7% compared to the same quarter last year. Equities research analysts predict that Internationa Flavors & Fragrances will post $5.78 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which was paid on Friday, July 7th. Shareholders of record on Monday, June 26th were issued a $0.64 dividend. This represents a $2.56 annualized dividend and a yield of 1.92%. The ex-dividend date of this dividend was Thursday, June 22nd. Internationa Flavors & Fragrances’s payout ratio is 50.89%.

Internationa Flavors & Fragrances Company Profile

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.