International Flavors & Fragrances Inc. (NYSE:IFF)’s share price hit a new 52-week high during mid-day trading on Tuesday . The stock traded as high as $131.30 and last traded at $131.06, with a volume of 142,171 shares trading hands. The stock had previously closed at $129.38.

IFF has been the topic of several research reports. Zacks Investment Research raised shares of International Flavors & Fragrances from a “sell” rating to a “hold” rating in a report on Monday, April 11th. BNP Paribas lifted their price objective on shares of International Flavors & Fragrances to $150.00 in a report on Friday, April 8th. Finally, Deutsche Bank AG lifted their price objective on shares of International Flavors & Fragrances from $115.00 to $124.00 and gave the company a “hold” rating in a report on Wednesday, May 11th. Four equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. International Flavors & Fragrances presently has an average rating of “Hold” and a consensus price target of $128.29.

The stock has a 50-day moving average of $127.42 and a 200-day moving average of $118.60. The stock has a market cap of $10.54 billion and a price-to-earnings ratio of 26.15.

International Flavors & Fragrances (NYSE:IFF) last released its earnings results on Monday, May 9th. The company reported $1.47 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.40 by $0.07. During the same quarter last year, the business posted $1.45 EPS. The firm earned $783.30 million during the quarter, compared to analyst estimates of $770.21 million. The firm’s revenue was up 1.1% on a year-over-year basis. On average, equities research analysts anticipate that International Flavors & Fragrances Inc. will post $5.50 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Thursday, July 7th. Stockholders of record on Monday, June 27th were paid a $0.56 dividend. This represents a $2.24 annualized dividend and a dividend yield of 1.69%. The ex-dividend date of this dividend was Thursday, June 23rd.

In other news, insider Nicolas Mirzayantz sold 3,880 shares of the firm’s stock in a transaction on Thursday, June 16th. The shares were sold at an average price of $125.11, for a total value of $485,426.80. Following the completion of the sale, the insider now owns 70,357 shares in the company, valued at approximately $8,802,364.27. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Several hedge funds have recently added to or reduced their stakes in IFF. Brown Advisory Inc. boosted its stake in International Flavors & Fragrances by 0.9% in the fourth quarter. Brown Advisory Inc. now owns 15,747 shares of the company’s stock valued at $1,884,000 after buying an additional 145 shares during the period. Advisors Asset Management Inc. boosted its stake in International Flavors & Fragrances by 1.7% in the fourth quarter. Advisors Asset Management Inc. now owns 9,647 shares of the company’s stock valued at $1,154,000 after buying an additional 162 shares during the period. Madison Investment Holdings Inc. boosted its stake in International Flavors & Fragrances by 2.3% in the fourth quarter. Madison Investment Holdings Inc. now owns 16,788 shares of the company’s stock valued at $2,009,000 after buying an additional 370 shares during the period. Mitsubishi UFJ Kokusai Asset Management CO. LTD. boosted its stake in International Flavors & Fragrances by 5.8% in the fourth quarter. Mitsubishi UFJ Kokusai Asset Management CO. LTD. now owns 10,714 shares of the company’s stock valued at $1,282,000 after buying an additional 583 shares during the period. Finally, Atlantic Trust Group LLC boosted its stake in International Flavors & Fragrances by 0.6% in the fourth quarter. Atlantic Trust Group LLC now owns 124,237 shares of the company’s stock valued at $14,863,000 after buying an additional 802 shares during the period.

International Flavors & Fragrances Inc (IFF) creates, manufactures and supplies flavors and fragrances (including cosmetic active ingredients) for the food, beverage, personal care and household products industries either in the form of compounds or individual ingredients. The Company operates in two segments: Flavors and Fragrances.

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