International Flavors & Fragrances Inc. (NYSE:IFF) Receives

Shares of International Flavors & Fragrances Inc. (NYSE:IFF – Get Rating) have earned an average recommendation of “Hold” from the thirteen research firms that are currently covering the stock, MarketBeat Ratings reports. One research analyst has rated the stock with a sell recommendation, three have given a hold recommendation and five have given a buy recommendation to the company. The average twelve-month price target among analysts that have updated their coverage on the stock in the last year is $147.18.

Several research firms have recently issued reports on IFF. Wells Fargo & Company boosted their price objective on shares of International Flavors & Fragrances from $145.00 to $150.00 in a report on Wednesday, May 11th. Jefferies Financial Group downgraded shares of International Flavors & Fragrances from a “buy” rating to a “hold” rating and dropped their price objective for the stock from $170.00 to $101.00 in a report on Thursday, June 16th. Berenberg Bank downgraded shares of International Flavors & Fragrances from a “buy” rating to a “hold” rating and dropped their price objective for the stock from $165.00 to $144.00 in a report on Thursday, March 24th. StockNews.com raised shares of International Flavors & Fragrances from a “sell” rating to a “hold” rating in a research note on Wednesday, May 18th. Finally, Mizuho lowered their target price on shares of International Flavors & Fragrances from $147.00 to $145.00 in a research note on Wednesday, May 11th.

(Ad)

What’s the highest-yielding stock you’ve ever owned? The dividends for these stocks have risen so fast over the years that they’re now yielding us an average of 26%!

When you start getting paid 26% on your money, your financial problems tend to pretty much evaporate.

In other International Flavors & Fragrances news, insider De Villeplee Christoph Fauchon sold 629 shares of the company’s stock in a transaction dated Wednesday, June 1st. The shares were sold at an average price of $132.59, for a total transaction of $83,399.11. Following the sale, the insider now directly owns 8,180 shares of the company’s stock, valued at $1,084,586.20. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. 0.20% of the stock is currently owned by corporate insiders.

Hedge funds have recently made changes to their positions in the company. Atticus Wealth Management LLC lifted its position in shares of International Flavors & Fragrances by 21.0% during the first quarter. Atticus Wealth Management LLC now owns 973 shares of the specialty chemicals company’s stock worth $128,000 after purchasing an additional 169 shares in the last quarter. Bay Colony Advisory Group Inc d b a Bay Colony Advisors acquired a new position in shares of International Flavors & Fragrances during the fourth quarter worth approximately $5,951,000. Addenda Capital Inc. lifted its position in shares of International Flavors & Fragrances by 2.7% during the first quarter. Addenda Capital Inc. now owns 29,289 shares of the specialty chemicals company’s stock worth $3,866,000 after purchasing an additional 778 shares in the last quarter. Mount Yale Investment Advisors LLC lifted its position in shares of International Flavors & Fragrances by 10.6% during the fourth quarter. Mount Yale Investment Advisors LLC now owns 3,560 shares of the specialty chemicals company’s stock worth $536,000 after purchasing an additional 340 shares in the last quarter. Finally, Fifth Third Bancorp lifted its holdings in International Flavors & Fragrances by 17.4% in the fourth quarter. Fifth Third Bancorp now owns 3,268 shares of the specialty chemicals company’s stock valued at $492,000 after buying an additional 485 shares during the period. Institutional investors own 90.67% of the company’s stock.

International Flavors & Fragrances stock opened at $119.26 on Friday. The firm has a market cap of $30.39 billion, a price-to-earnings ratio of 54.71, a P/E/G ratio of 2.07 and a beta of 1.02. The company has a debt-to-equity ratio of 0.51, a current ratio of 1.86 and a quick ratio of 1.17. International Flavors & Fragrances has a fifty-two week low of $105.38 and a fifty-two week high of $157.08. The firm has a fifty day moving average price of $124.24 and a two-hundred day moving average price of $130.22.

International Flavors & Fragrances (NYSE:IFF – Get Rating) last posted its quarterly earnings data on Monday, May 9th. The specialty chemicals company reported $1.69 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.31 by $0.38. International Flavors & Fragrances had a net margin of 4.48% and a return on equity of 6.89%. The company had revenue of $3.23 billion for the quarter, compared to the consensus estimate of $3.09 billion. During the same quarter in the previous year, the firm posted $1.60 EPS. The business’s revenue was up 30.9% compared to the same quarter last year. As a group, sell-side analysts expect that International Flavors & Fragrances will post 5.76 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 6th. Shareholders of record on Friday, June 24th will be paid a dividend of $0.79 per share. The ex-dividend date is Thursday, June 23rd. This represents a $3.16 annualized dividend and a yield of 2.65%. International Flavors & Fragrances’s dividend payout ratio is 144.95%.

International Flavors & Fragrances Company Profile (Get Rating)

International Flavors & Fragrances Inc, together with its subsidiaries, manufactures and sells cosmetic active and natural health ingredients for use in various consumer products in Europe, Africa, the Middle East, Greater Asia, North America, and Latin America. It operates through Nourish, Scent, Health & Biosciences, and Pharma Solutions segments.

Featured Stories

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

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat’s editorial team prior to publication. Please send any questions or comments about this story to [email protected]

Should you invest $1,000 in International Flavors & Fragrances right now?

Before you consider International Flavors & Fragrances, you’ll want to hear this.

MarketBeat keeps track of Wall Street’s top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on… and International Flavors & Fragrances wasn’t on the list.

While International Flavors & Fragrances currently has a “Moderate Buy” rating among analysts, top-rated analysts believe these five stocks are better buys.

View The 5 Stocks Here

International Business