International Flavors & Fragrances Inc. (NYSE:IFF) Insider Yuvraj Arora Sells 5,000 Shares

International Flavors & Fragrances Inc. (NYSE:IFF) insider Yuvraj Arora sold 5,000 shares of the company’s stock in a transaction on Monday, November 11th. The shares were sold at an average price of $91.75, for a total value of $458,750.00. Following the completion of the transaction, the insider now directly owns 3,238 shares in the company, valued at $297,086.50. This represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

International Flavors & Fragrances Price Performance

Shares of IFF opened at $89.43 on Wednesday. The company has a debt-to-equity ratio of 0.58, a quick ratio of 1.75 and a current ratio of 2.62. The firm has a market cap of $22.87 billion, a PE ratio of -9.84, a PEG ratio of 1.65 and a beta of 1.22. The firm’s 50 day moving average price is $101.62 and its 200 day moving average price is $98.36. International Flavors & Fragrances Inc. has a twelve month low of $69.73 and a twelve month high of $106.77.

International Flavors & Fragrances (NYSE:IFF) last released its quarterly earnings data on Tuesday, November 5th. The specialty chemicals company reported $0.62 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.08 by ($0.46). The business had revenue of $2.93 billion during the quarter, compared to analyst estimates of $2.83 billion. International Flavors & Fragrances had a negative net margin of 20.33% and a positive return on equity of 7.16%. The firm’s revenue for the quarter was up 3.7% on a year-over-year basis. During the same period in the previous year, the firm posted $0.89 EPS. As a group, research analysts expect that International Flavors & Fragrances Inc. will post 4.22 EPS for the current fiscal year.

International Flavors & Fragrances Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 8th. Investors of record on Friday, December 20th will be paid a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.79%. The ex-dividend date is Friday, December 20th. International Flavors & Fragrances’s payout ratio is -17.60%.

Analysts Set New Price Targets

Several brokerages have recently commented on IFF. UBS Group upped their target price on International Flavors & Fragrances from $108.00 to $111.00 and gave the company a “neutral” rating in a report on Wednesday, November 6th. Morgan Stanley raised shares of International Flavors & Fragrances from an “equal weight” rating to an “overweight” rating and dropped their target price for the stock from $111.00 to $110.00 in a research report on Tuesday. Oppenheimer upped their price target on shares of International Flavors & Fragrances from $116.00 to $117.00 and gave the company an “outperform” rating in a research report on Wednesday, September 11th. Stifel Nicolaus lifted their price objective on shares of International Flavors & Fragrances from $115.00 to $121.00 and gave the stock a “buy” rating in a research report on Thursday, October 24th. Finally, Barclays raised their target price on International Flavors & Fragrances from $93.00 to $99.00 and gave the stock an “equal weight” rating in a research report on Friday, October 11th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and twelve have given a buy rating to the company. Based on data from MarketBeat.com, International Flavors & Fragrances presently has a consensus rating of “Moderate Buy” and a consensus target price of $109.27.

Institutional Investors Weigh In On International Flavors & Fragrances

Large investors have recently added to or reduced their stakes in the stock. Northwest Investment Counselors LLC acquired a new stake in shares of International Flavors & Fragrances in the third quarter worth $27,000. Family Firm Inc. bought a new stake in International Flavors & Fragrances during the second quarter valued at about $38,000. Oakworth Capital Inc. acquired a new stake in shares of International Flavors & Fragrances in the third quarter valued at about $44,000. Eastern Bank acquired a new position in shares of International Flavors & Fragrances during the 3rd quarter worth about $46,000. Finally, Ashton Thomas Securities LLC bought a new stake in International Flavors & Fragrances during the 3rd quarter valued at approximately $48,000. Institutional investors own 96.02% of the company’s stock.

About International Flavors & Fragrances

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.