International Flavors & Fragrances Inc. (NYSE:IFF)’s share price reached a new 52-week high on Tuesday . The company traded as high as $135.55 and last traded at $134.81, with a volume of 84,014 shares traded. The stock had previously closed at $135.25.

A number of equities analysts have weighed in on IFF shares. Berenberg Bank started coverage on International Flavors & Fragrances in a research note on Wednesday, July 20th. They set a “buy” rating and a $163.40 price objective on the stock. Deutsche Bank AG reissued a “hold” rating and set a $130.00 price objective (up previously from $124.00) on shares of International Flavors & Fragrances in a research note on Sunday. Zacks Investment Research lowered International Flavors & Fragrances from a “buy” rating to a “hold” rating in a research note on Thursday, May 12th. Finally, BNP Paribas upped their price target on International Flavors & Fragrances to $150.00 in a research note on Friday, April 8th. Three research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. The company has a consensus rating of “Buy” and a consensus target price of $134.43.

The stock’s 50 day moving average is $128.42 and its 200-day moving average is $119.42. The stock has a market cap of $10.71 billion and a PE ratio of 26.58.

International Flavors & Fragrances (NYSE:IFF) last issued its earnings results on Monday, May 9th. The company reported $1.47 EPS for the quarter, beating the Zacks’ consensus estimate of $1.40 by $0.07. The company earned $783.30 million during the quarter, compared to analyst estimates of $770.21 million. The business’s revenue was up 1.1% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.45 earnings per share. Analysts forecast that International Flavors & Fragrances Inc. will post $5.51 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which was paid on Thursday, July 7th. Shareholders of record on Monday, June 27th were paid a $0.56 dividend. The ex-dividend date of this dividend was Thursday, June 23rd. This represents a $2.24 dividend on an annualized basis and a yield of 1.67%.

In other International Flavors & Fragrances news, insider Nicolas Mirzayantz sold 3,880 shares of International Flavors & Fragrances stock in a transaction that occurred on Thursday, June 16th. The stock was sold at an average price of $125.11, for a total value of $485,426.80. Following the completion of the transaction, the insider now directly owns 70,357 shares in the company, valued at $8,802,364.27. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.

Other institutional investors recently modified their holdings of the company. Principal Financial Group Inc. increased its position in shares of International Flavors & Fragrances by 4.1% in the fourth quarter. Principal Financial Group Inc. now owns 121,917 shares of the company’s stock worth $14,586,000 after buying an additional 4,770 shares during the last quarter. Bank of Montreal Can increased its position in shares of International Flavors & Fragrances by 4.3% in the fourth quarter. Bank of Montreal Can now owns 22,686 shares of the company’s stock worth $2,715,000 after buying an additional 928 shares during the last quarter. BHF Kleinwort Benson Group S.A. bought a new position in shares of International Flavors & Fragrances during the fourth quarter worth approximately $2,049,000. Gulf International Bank UK Ltd increased its position in shares of International Flavors & Fragrances by 4.3% in the fourth quarter. Gulf International Bank UK Ltd now owns 24,251 shares of the company’s stock worth $2,901,000 after buying an additional 1,000 shares during the last quarter. Finally, Madison Investment Holdings Inc. increased its position in shares of International Flavors & Fragrances by 2.3% in the fourth quarter. Madison Investment Holdings Inc. now owns 16,788 shares of the company’s stock worth $2,009,000 after buying an additional 370 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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