International Flavors & Fragrances Inc. (NYSE:IFF) shares reached a new 52-week high during mid-day trading on Wednesday . The company traded as high as $134.51 and last traded at $133.76, with a volume of 142,411 shares changing hands. The stock had previously closed at $132.51.

IFF has been the subject of a number of research analyst reports. Zacks Investment Research raised International Flavors & Fragrances from a “sell” rating to a “hold” rating in a research note on Monday, April 4th. BNP Paribas boosted their target price on International Flavors & Fragrances to $150.00 in a research note on Friday, April 8th. Deutsche Bank AG boosted their target price on International Flavors & Fragrances from $115.00 to $124.00 and gave the company a “hold” rating in a research note on Wednesday, May 11th. Finally, Berenberg Bank initiated coverage on International Flavors & Fragrances in a research note on Wednesday. They issued a “buy” rating and a $163.40 target price for the company. Four investment analysts have rated the stock with a hold rating and four have given a buy rating to the company. International Flavors & Fragrances has a consensus rating of “Buy” and an average price target of $132.68.

The stock has a 50 day moving average of $128.07 and a 200-day moving average of $119.15. The company has a market cap of $10.59 billion and a price-to-earnings ratio of 26.27.

International Flavors & Fragrances (NYSE:IFF) last announced its earnings results on Monday, May 9th. The company reported $1.47 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.40 by $0.07. During the same period in the prior year, the business earned $1.45 earnings per share. The company had revenue of $783.30 million for the quarter, compared to the consensus estimate of $770.21 million. The firm’s revenue for the quarter was up 1.1% on a year-over-year basis. Equities research analysts expect that International Flavors & Fragrances Inc. will post $5.51 EPS for the current fiscal year.

The business 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 annualized dividend and a yield of 1.69%. The ex-dividend date was Thursday, June 23rd.

In related news, insider Nicolas Mirzayantz sold 3,880 shares of the firm’s stock in a transaction on Thursday, June 16th. The stock was sold at an average price of $125.11, for a total transaction of $485,426.80. Following the completion of the transaction, the insider now directly owns 70,357 shares of the company’s stock, valued at approximately $8,802,364.27. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website.

Other hedge funds and institutional investors recently made changes to their positions in the company. New York State Common Retirement Fund raised its position in shares of International Flavors & Fragrances by 0.8% in the fourth quarter. New York State Common Retirement Fund now owns 187,100 shares of the company’s stock valued at $22,385,000 after buying an additional 1,500 shares in the last quarter. Brown Advisory Inc. increased its stake in shares of International Flavors & Fragrances by 0.9% in the fourth quarter. Brown Advisory Inc. now owns 15,747 shares of the company’s stock worth $1,884,000 after buying an additional 145 shares during the last quarter. Sei Investments Co. increased its stake in shares of 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 last quarter. US Bancorp DE increased its stake in shares of International Flavors & Fragrances by 16.4% in the fourth quarter. US Bancorp DE now owns 33,948 shares of the company’s stock worth $4,062,000 after buying an additional 4,779 shares during the last quarter. Finally, Eaton Vance Management increased its stake in shares of International Flavors & Fragrances by 47.3% in the fourth quarter. Eaton Vance Management now owns 20,063 shares of the company’s stock worth $2,400,000 after buying an additional 6,440 shares during the last quarter.

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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