BidaskClub downgraded shares of Internationa Flavors & Fragrances, Inc. (NYSE:IFF) from a buy rating to a hold rating in a research note published on Thursday morning.

Several other equities analysts also recently weighed in on IFF. Consumer Edge downgraded Internationa Flavors & Fragrances from an outperform rating to a neutral rating in a research report on Thursday, February 16th. Barclays PLC set a $112.00 target price on Internationa Flavors & Fragrances and gave the company a sell rating in a research report on Saturday, February 18th. Zacks Investment Research upgraded Internationa Flavors & Fragrances from a sell rating to a hold rating in a research report on Tuesday, February 21st. Stifel Nicolaus raised their target price on Internationa Flavors & Fragrances from $123.00 to $127.00 and gave the company a hold rating in a research report on Monday, March 27th. Finally, Vertical Research downgraded Internationa Flavors & Fragrances from a buy rating to a hold rating in a research report on Tuesday, May 9th. Two equities research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and four have issued a buy rating to the company. Internationa Flavors & Fragrances has a consensus rating of Hold and an average target price of $139.83.

Analyst Recommendations for Internationa Flavors & Fragrances (NYSE:IFF)

Shares of Internationa Flavors & Fragrances (NYSE:IFF) opened at 136.14 on Thursday. The company has a market cap of $10.75 billion, a P/E ratio of 27.08 and a beta of 1.07. Internationa Flavors & Fragrances has a 1-year low of $113.16 and a 1-year high of $143.64. The firm has a 50-day moving average price of $136.10 and a 200-day moving average price of $127.52.

Internationa Flavors & Fragrances (NYSE:IFF) last released its earnings results on Monday, May 8th. The specialty chemicals company reported $1.52 earnings per share for the quarter, beating the consensus estimate of $1.51 by $0.01. The business had revenue of $828.30 million for the quarter, compared to the consensus estimate of $833.73 million. Internationa Flavors & Fragrances had a return on equity of 26.75% and a net margin of 12.72%. The business’s quarterly revenue was up 5.7% compared to the same quarter last year. During the same quarter last year, the business posted $1.45 earnings per share. On average, equities analysts expect that Internationa Flavors & Fragrances will post $5.74 EPS for the current year.

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The business also recently disclosed a quarterly dividend, which will be paid on Friday, July 7th. Investors of record on Monday, June 26th will be given a dividend of $0.64 per share. The ex-dividend date is Thursday, June 22nd. This represents a $2.56 dividend on an annualized basis and a yield of 1.88%. Internationa Flavors & Fragrances’s payout ratio is 50.89%.

In related news, major shareholder Winder Investment Pte Ltd acquired 23,728 shares of Internationa Flavors & Fragrances stock in a transaction that occurred on Thursday, April 27th. The shares were purchased at an average price of $139.65 per share, for a total transaction of $3,313,615.20. Following the completion of the transaction, the insider now owns 8,885,561 shares in the company, valued at approximately $1,240,868,593.65. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Francisco Fortanet sold 300 shares of the firm’s stock in a transaction on Wednesday, May 3rd. The stock was sold at an average price of $138.65, for a total value of $41,595.00. Following the sale, the executive vice president now directly owns 20,294 shares of the company’s stock, valued at approximately $2,813,763.10. The disclosure for this sale can be found here. In the last quarter, insiders have purchased 495,140 shares of company stock worth $67,691,529. 0.48% of the stock is currently owned by company insiders.

A number of large investors have recently bought and sold shares of the company. Cleararc Capital Inc. boosted its stake in Internationa Flavors & Fragrances by 0.6% in the first quarter. Cleararc Capital Inc. now owns 1,950 shares of the specialty chemicals company’s stock valued at $258,000 after buying an additional 11 shares during the period. Albert D Mason Inc. boosted its stake in Internationa Flavors & Fragrances by 0.4% in the first quarter. Albert D Mason Inc. now owns 8,135 shares of the specialty chemicals company’s stock valued at $1,078,000 after buying an additional 30 shares during the period. Pacer Advisors Inc. boosted its stake in Internationa Flavors & Fragrances by 3.1% in the first quarter. Pacer Advisors Inc. now owns 1,466 shares of the specialty chemicals company’s stock valued at $194,000 after buying an additional 44 shares during the period. Perigon Wealth Management LLC boosted its stake in Internationa Flavors & Fragrances by 1.5% in the first quarter. Perigon Wealth Management LLC now owns 3,125 shares of the specialty chemicals company’s stock valued at $416,000 after buying an additional 46 shares during the period. Finally, Genesee Valley Trust Co. boosted its stake in Internationa Flavors & Fragrances by 1.9% in the first quarter. Genesee Valley Trust Co. now owns 2,756 shares of the specialty chemicals company’s stock valued at $365,000 after buying an additional 51 shares during the period. 86.53% of the stock is owned by institutional investors.

Internationa Flavors & Fragrances Company Profile

International Flavors & Fragrances Inc creates, manufactures and supplies flavors and fragrances (including cosmetic active ingredients) used to impart or improve flavor or fragrance in a range of consumer products. The Company operates in two segments: Flavors and Fragrances. The Flavors segment offers flavor compounds that are sold to the food and beverage industries for use in consumer products, such as prepared foods, beverages, dairy, food and sweet products.

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