International Flavors & Fragrances (NYSE:IFF) Price Target Cut to $98.00 by Analysts at Morgan Stanley

International Flavors & Fragrances (NYSE:IFF) had its price target decreased by Morgan Stanley from $100.00 to $98.00 in a research note released on Tuesday,Benzinga reports. Morgan Stanley currently has an overweight rating on the specialty chemicals company’s stock.

Several other research firms also recently weighed in on IFF. UBS Group increased their price target on International Flavors & Fragrances from $82.00 to $83.00 and gave the stock a “neutral” rating in a research note on Wednesday, May 7th. Bank of America cut their target price on shares of International Flavors & Fragrances from $105.00 to $101.00 and set a “buy” rating for the company in a research report on Thursday, February 20th. Mizuho lowered their price target on shares of International Flavors & Fragrances from $95.00 to $87.00 and set an “outperform” rating on the stock in a research report on Tuesday, April 15th. Stifel Nicolaus dropped their price target on shares of International Flavors & Fragrances from $105.00 to $91.00 and set a “buy” rating on the stock in a research note on Thursday, April 10th. Finally, Cfra lowered shares of International Flavors & Fragrances from a “buy” rating to a “sell” rating and set a $77.00 price objective for the company. in a research note on Thursday, February 20th. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and twelve have assigned a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $92.54.

International Flavors & Fragrances Stock Up 2.0%

Shares of NYSE:IFF opened at $76.09 on Tuesday. The company has a market capitalization of $19.46 billion, a PE ratio of 80.95, a price-to-earnings-growth ratio of 1.45 and a beta of 1.08. The business has a fifty day moving average price of $75.94 and a two-hundred day moving average price of $82.95. The company has a debt-to-equity ratio of 0.54, a current ratio of 1.84 and a quick ratio of 1.93. International Flavors & Fragrances has a 1 year low of $65.85 and a 1 year high of $106.77.

International Flavors & Fragrances (NYSE:IFF) last released its earnings results on Tuesday, May 6th. The specialty chemicals company reported $1.20 earnings per share for the quarter, beating analysts’ consensus estimates of $1.12 by $0.08. International Flavors & Fragrances had a net margin of 2.12% and a return on equity of 7.72%. The firm had revenue of $2.84 billion for the quarter, compared to analysts’ expectations of $2.83 billion. During the same period in the previous year, the company earned $1.13 earnings per share. The company’s quarterly revenue was down 1.9% on a year-over-year basis. Analysts forecast that International Flavors & Fragrances will post 4.32 earnings per share for the current year.

International Flavors & Fragrances Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, July 11th. Stockholders of record on Friday, June 20th will be given a dividend of $0.40 per share. The ex-dividend date of this dividend is Friday, June 20th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 2.10%. International Flavors & Fragrances’s dividend payout ratio (DPR) is currently -48.93%.

Insider Buying and Selling

In other International Flavors & Fragrances news, CEO J Erik Fyrwald bought 700 shares of the firm’s stock in a transaction on Thursday, May 8th. The shares were acquired at an average cost of $74.00 per share, for a total transaction of $51,800.00. Following the purchase, the chief executive officer now directly owns 37,770 shares of the company’s stock, valued at $2,794,980. The trade was a 1.89% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Mehmood Khan purchased 4,000 shares of the company’s stock in a transaction dated Thursday, May 15th. The shares were acquired at an average price of $75.33 per share, with a total value of $301,320.00. Following the transaction, the director now owns 4,604 shares in the company, valued at approximately $346,819.32. The trade was a 662.25% increase in their position. The disclosure for this purchase can be found here. Over the last quarter, insiders have acquired 11,200 shares of company stock worth $875,980. Corporate insiders own 0.20% of the company’s stock.

Hedge Funds Weigh In On International Flavors & Fragrances

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Czech National Bank grew its position in International Flavors & Fragrances by 6.4% in the fourth quarter. Czech National Bank now owns 55,437 shares of the specialty chemicals company’s stock worth $4,687,000 after acquiring an additional 3,357 shares in the last quarter. Wedmont Private Capital boosted its holdings in shares of International Flavors & Fragrances by 43.4% in the 4th quarter. Wedmont Private Capital now owns 3,414 shares of the specialty chemicals company’s stock worth $278,000 after purchasing an additional 1,033 shares in the last quarter. Oak Thistle LLC bought a new position in shares of International Flavors & Fragrances during the 4th quarter valued at about $646,000. Covea Finance raised its holdings in shares of International Flavors & Fragrances by 79.0% during the 4th quarter. Covea Finance now owns 123,090 shares of the specialty chemicals company’s stock valued at $10,407,000 after buying an additional 54,340 shares in the last quarter. Finally, S.E.E.D. Planning Group LLC lifted its position in International Flavors & Fragrances by 372.9% in the 4th quarter. S.E.E.D. Planning Group LLC now owns 63,104 shares of the specialty chemicals company’s stock worth $5,335,000 after buying an additional 49,761 shares during the last quarter. Hedge funds and other institutional investors own 96.02% of the company’s stock.

About International Flavors & Fragrances

International Flavors & Fragrances, Inc engages in the manufacture and supply of flavors and fragrances used in the food, beverage, personal care, and household products industries. It operates through the following segments: Nourish, Health & Biosciences, Scent and Pharma Solutions. The Nourish segment consists of legacy Taste segment combined with N&B’s Food & Beverage division and the food protection business of N&B’s Health & Biosciences division.