International Flavors & Fragrances Inc. (NYSE:IFF) Given Consensus Recommendation of “Hold” by Brokerages

International Flavors & Fragrances Inc. (NYSE:IFF) has been assigned a consensus recommendation of “Hold” from the nineteen analysts that are currently covering the firm, MarketBeat reports. One research analyst has rated the stock with a sell rating, ten have assigned a hold rating and eight have assigned a buy rating to the company. The average 1-year price objective among brokerages that have updated their coverage on the stock in the last year is $95.78.

Several research analysts have recently weighed in on the company. Stifel Nicolaus upped their price objective on International Flavors & Fragrances from $87.00 to $95.00 and gave the stock a “hold” rating in a research report on Tuesday, May 7th. Wells Fargo & Company upped their price target on International Flavors & Fragrances from $100.00 to $110.00 and gave the stock an “overweight” rating in a research report on Wednesday, May 8th. Citigroup lifted their price objective on shares of International Flavors & Fragrances from $100.00 to $108.00 and gave the company a “buy” rating in a report on Wednesday, May 8th. Mizuho increased their target price on shares of International Flavors & Fragrances from $91.00 to $98.00 and gave the stock a “neutral” rating in a report on Tuesday, May 7th. Finally, Bank of America lifted their price target on shares of International Flavors & Fragrances from $87.00 to $99.00 and gave the company a “neutral” rating in a research note on Friday, May 10th.

International Flavors & Fragrances Stock Performance

Shares of IFF stock opened at $94.94 on Thursday. The company has a market capitalization of $24.24 billion, a P/E ratio of -9.72, a price-to-earnings-growth ratio of 1.88 and a beta of 1.26. International Flavors & Fragrances has a 52 week low of $62.11 and a 52 week high of $99.91. The company has a debt-to-equity ratio of 0.64, a quick ratio of 1.05 and a current ratio of 1.68. The company’s 50 day moving average price is $94.59 and its two-hundred day moving average price is $85.92.

International Flavors & Fragrances (NYSE:IFF) last issued its quarterly earnings data on Monday, May 6th. The specialty chemicals company reported $1.13 EPS for the quarter, topping analysts’ consensus estimates of $0.86 by $0.27. The business had revenue of $2.90 billion for the quarter, compared to analyst estimates of $2.78 billion. International Flavors & Fragrances had a negative net margin of 22.01% and a positive return on equity of 5.78%. The firm’s quarterly revenue was down 4.2% on a year-over-year basis. During the same period last year, the business posted $0.87 earnings per share. On average, analysts expect that International Flavors & Fragrances will post 3.97 earnings per share for the current fiscal year.

International Flavors & Fragrances Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, July 10th. Investors of record on Friday, June 21st will be issued a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.69%. The ex-dividend date is Friday, June 21st. International Flavors & Fragrances’s payout ratio is presently -16.38%.

Insider Buying and Selling at International Flavors & Fragrances

In other International Flavors & Fragrances news, insider Angela Strzelecki sold 2,588 shares of the company’s stock in a transaction on Thursday, June 13th. The shares were sold at an average price of $95.66, for a total value of $247,568.08. Following the transaction, the insider now directly owns 8,539 shares in the company, valued at $816,840.74. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Insiders own 0.09% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Massmutual Trust Co. FSB ADV boosted its position in shares of International Flavors & Fragrances by 18.1% in the second quarter. Massmutual Trust Co. FSB ADV now owns 863 shares of the specialty chemicals company’s stock valued at $82,000 after acquiring an additional 132 shares during the period. GAMMA Investing LLC grew its position in shares of International Flavors & Fragrances by 129.3% during the 2nd quarter. GAMMA Investing LLC now owns 6,948 shares of the specialty chemicals company’s stock worth $662,000 after purchasing an additional 3,918 shares in the last quarter. Centre Asset Management LLC grew its position in shares of International Flavors & Fragrances by 2.3% during the 2nd quarter. Centre Asset Management LLC now owns 133,233 shares of the specialty chemicals company’s stock worth $12,685,000 after purchasing an additional 2,954 shares in the last quarter. DekaBank Deutsche Girozentrale increased its holdings in shares of International Flavors & Fragrances by 7.1% during the first quarter. DekaBank Deutsche Girozentrale now owns 63,004 shares of the specialty chemicals company’s stock worth $5,370,000 after purchasing an additional 4,189 shares during the period. Finally, Pathway Financial Advisers LLC acquired a new stake in shares of International Flavors & Fragrances in the first quarter valued at approximately $1,507,000. 96.02% of the stock is owned by institutional investors and hedge funds.

International Flavors & Fragrances Company Profile

International Flavors & Fragrances Inc, together with its subsidiaries, manufactures and sells cosmetic active and natural health ingredients for use in various consumer products in the United States, Europe, and internationally. It operates through four segments: Nourish, Health & Biosciences, Scent, and Pharma Solutions.