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International Flavors & Fragrances Inc (IFF) Receives $147.29 Average Target Price from Analysts

International Flavors & Fragrances Inc (NYSE:IFF) has been assigned a consensus rating of “Hold” from the twelve research firms that are covering the company, MarketBeat Ratings reports. Three investment analysts have rated the stock with a sell recommendation, four have assigned a hold recommendation and five have assigned a buy recommendation to the company. The average 12 month price objective among analysts that have issued ratings on the stock in the last year is $147.29.

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Several analysts have recently issued reports on IFF shares. Zacks Investment Research lowered International Flavors & Fragrances from a “hold” rating to a “sell” rating in a report on Tuesday, July 10th. JPMorgan Chase & Co. lowered International Flavors & Fragrances from a “neutral” rating to an “underweight” rating in a report on Monday, May 14th. ValuEngine lowered International Flavors & Fragrances from a “hold” rating to a “sell” rating in a report on Wednesday, May 16th. Stifel Nicolaus reduced their target price on International Flavors & Fragrances from $146.00 to $135.00 and set a “hold” rating on the stock in a report on Monday, June 11th. Finally, Argus lowered International Flavors & Fragrances from a “buy” rating to a “hold” rating in a report on Friday, June 8th.

NYSE IFF traded down $2.82 on Friday, reaching $127.06. The stock had a trading volume of 634,922 shares, compared to its average volume of 586,348. The company has a debt-to-equity ratio of 0.98, a current ratio of 2.90 and a quick ratio of 1.90. International Flavors & Fragrances has a 1-year low of $122.11 and a 1-year high of $157.40. The firm has a market cap of $10.04 billion, a price-to-earnings ratio of 21.57, a P/E/G ratio of 2.25 and a beta of 1.03.

International Flavors & Fragrances (NYSE:IFF) last issued its quarterly earnings data on Tuesday, August 7th. The specialty chemicals company reported $1.66 EPS for the quarter, beating analysts’ consensus estimates of $1.61 by $0.05. International Flavors & Fragrances had a return on equity of 28.32% and a net margin of 8.35%. The firm had revenue of $920.02 million for the quarter, compared to analyst estimates of $899.62 million. During the same period in the prior year, the firm posted $1.50 EPS. equities analysts anticipate that International Flavors & Fragrances will post 6.29 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Friday, October 5th. Stockholders of record on Monday, September 24th will be issued a dividend of $0.73 per share. This is a positive change from International Flavors & Fragrances’s previous quarterly dividend of $0.69. This represents a $2.92 annualized dividend and a dividend yield of 2.30%. The ex-dividend date is Friday, September 21st. International Flavors & Fragrances’s dividend payout ratio is 46.86%.

In other International Flavors & Fragrances news, major shareholder Winder Investment Pte Ltd acquired 100,000 shares of International Flavors & Fragrances stock in a transaction that occurred on Friday, August 10th. The shares were acquired at an average cost of $133.85 per share, with a total value of $13,385,000.00. Following the completion of the purchase, the insider now directly owns 15,600,000 shares of the company’s stock, valued at approximately $2,088,060,000. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Dale F. Morrison acquired 4,010 shares of International Flavors & Fragrances stock in a transaction that occurred on Tuesday, June 12th. The stock was acquired at an average cost of $124.60 per share, for a total transaction of $499,646.00. Following the completion of the purchase, the director now directly owns 4,010 shares of the company’s stock, valued at $499,646. The disclosure for this purchase can be found here. Over the last three months, insiders have bought 1,265,688 shares of company stock worth $164,728,773. 0.48% of the stock is currently owned by insiders.

A number of large investors have recently added to or reduced their stakes in the stock. GHP Investment Advisors Inc. boosted its stake in International Flavors & Fragrances by 3.9% in the second quarter. GHP Investment Advisors Inc. now owns 11,203 shares of the specialty chemicals company’s stock valued at $1,389,000 after buying an additional 422 shares in the last quarter. Andra AP fonden acquired a new stake in International Flavors & Fragrances in the second quarter valued at about $7,450,000. Verition Fund Management LLC boosted its stake in International Flavors & Fragrances by 121.3% in the second quarter. Verition Fund Management LLC now owns 7,574 shares of the specialty chemicals company’s stock valued at $939,000 after buying an additional 4,151 shares in the last quarter. Advisors Asset Management Inc. boosted its stake in International Flavors & Fragrances by 516.2% in the second quarter. Advisors Asset Management Inc. now owns 13,759 shares of the specialty chemicals company’s stock valued at $208,000 after buying an additional 11,526 shares in the last quarter. Finally, California Public Employees Retirement System boosted its stake in International Flavors & Fragrances by 30.0% in the second quarter. California Public Employees Retirement System now owns 219,886 shares of the specialty chemicals company’s stock valued at $27,257,000 after buying an additional 50,704 shares in the last quarter. 85.27% of the stock is currently owned by institutional investors and hedge funds.

About International Flavors & Fragrances

International Flavors & Fragrances Inc, together with its subsidiaries, manufactures flavors and fragrances for use in various consumer products. It operates through two segments, Flavors and Fragrances. The Flavors segment offers flavor compounds primarily 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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