International Flavors & Fragrances Inc. (NYSE:IFF) shares were down 2.1% during trading on Friday . The stock traded as low as $132.64 and last traded at $132.86, with a volume of 309,141 shares traded. The stock had previously closed at $135.76.

Several research analysts have recently commented on IFF shares. Berenberg Bank started coverage on International Flavors & Fragrances in a report on Wednesday, July 20th. They set a “buy” rating and a $163.40 price objective for the company. 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 report on Sunday, July 24th. Zacks Investment Research lowered International Flavors & Fragrances from a “buy” rating to a “hold” rating in a report on Thursday, May 12th. Finally, BNP Paribas boosted their price objective on International Flavors & Fragrances to $150.00 in a report on Friday, April 8th. Three research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average price target of $134.43.

The company has a market capitalization of $10.68 billion and a PE ratio of 26.50. The firm’s 50 day moving average is $129.83 and its 200 day moving average is $120.45.

International Flavors & Fragrances (NYSE:IFF) last posted its quarterly earnings data on Monday, May 9th. The company reported $1.47 EPS for the quarter, topping the consensus estimate of $1.40 by $0.07. During the same period last year, the business earned $1.45 EPS. The company earned $783.30 million during the quarter, compared to the consensus estimate of $770.21 million. The firm’s quarterly revenue was up 1.1% compared to the same quarter last year. Analysts forecast that International Flavors & Fragrances Inc. will post $5.51 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, October 6th. Stockholders of record on Monday, September 26th will be paid a $0.64 dividend. This is an increase from International Flavors & Fragrances’s previous quarterly dividend of $0.56. This represents a $2.56 annualized dividend and a dividend yield of 1.91%.

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

Several hedge funds and institutional investors recently bought and sold shares of IFF. Sei Investments Co. increased its position in International Flavors & Fragrances by 28.0% in the fourth quarter. Sei Investments Co. now owns 8,506 shares of the company’s stock valued at $1,018,000 after buying an additional 1,859 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 in the last quarter. GSA Capital Partners LLP boosted 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 valued at $1,277,000 after buying an additional 7,872 shares in the last quarter. 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 in the last quarter. Finally, Utah Retirement Systems boosted its stake in International Flavors & Fragrances by 0.7% in the fourth quarter. Utah Retirement Systems now owns 14,590 shares of the company’s stock valued at $1,746,000 after buying an additional 100 shares in 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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