International Flavors & Fragrances Inc. (IFF) Sets New 1-Year High at $134.51
Shares of International Flavors & Fragrances Inc. (NYSE:IFF) reached a new 52-week high during trading on Wednesday . The stock traded as high as $134.51 and last traded at $133.76, with a volume of 142,411 shares trading hands. The stock had previously closed at $132.51.
Several analysts have recently commented on IFF shares. BNP Paribas upped their price objective on shares of International Flavors & Fragrances to $150.00 in a report on Friday, April 8th. Zacks Investment Research raised shares of International Flavors & Fragrances from a “hold” rating to a “buy” rating and set a $134.00 price target on the stock in a report on Thursday, April 21st. Berenberg Bank started coverage on shares of International Flavors & Fragrances in a report on Wednesday. They set a “buy” rating and a $163.40 price target on the stock. Finally, Deutsche Bank AG increased their price target on shares of International Flavors & Fragrances from $115.00 to $124.00 and gave the stock a “hold” rating in a report on Wednesday, May 11th. Four research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. International Flavors & Fragrances presently has an average rating of “Buy” and an average target price of $132.68.
The company has a market cap of $10.68 billion and a price-to-earnings ratio of 26.48. The stock’s 50-day moving average is $127.82 and its 200-day moving average is $118.94.
International Flavors & Fragrances (NYSE:IFF) last posted its earnings results on Monday, May 9th. The company reported $1.47 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.40 by $0.07. The business had revenue of $783.30 million for the quarter, compared to analyst estimates of $770.21 million. During the same period last year, the company posted $1.45 EPS. The firm’s revenue for the quarter was up 1.1% compared to the same quarter last year. On average, analysts predict that International Flavors & Fragrances Inc. will post $5.50 EPS for the current year.
The firm also recently announced a quarterly dividend, which was paid on Thursday, July 7th. Investors of record on Monday, June 27th were given a dividend of $0.56 per share. This represents a $2.24 dividend on an annualized basis and a yield of 1.67%. The ex-dividend date of this dividend was Thursday, June 23rd.
In related news, insider Nicolas Mirzayantz sold 3,880 shares of the stock in a transaction that occurred on Monday, July 18th. The shares were sold at an average price of $132.11, for a total transaction of $512,586.80. Following the completion of the sale, the insider now owns 63,897 shares of the company’s stock, valued at approximately $8,441,432.67. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website.
Other hedge funds have bought and sold shares of the company. Sei Investments Co. increased its stake in International Flavors & Fragrances by 28.0% in the fourth quarter. Sei Investments Co. now owns 8,506 shares of the company’s stock worth $1,018,000 after buying an additional 1,859 shares during the period. Advisors Asset Management Inc. increased 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 worth $1,154,000 after buying an additional 162 shares during the period. Baker Chad R acquired a new stake in International Flavors & Fragrances during the fourth quarter worth about $1,196,000. GSA Capital Partners LLP increased its stake in International Flavors & Fragrances by 280.9% in the fourth quarter. GSA Capital Partners LLP now owns 10,674 shares of the company’s stock worth $1,277,000 after buying an additional 7,872 shares during the period. Finally, Mitsubishi UFJ Kokusai Asset Management CO. LTD. increased 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 worth $1,282,000 after buying an additional 583 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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