Internationa Flavors & Fragrances, Inc. (IFF) Rating Reiterated by Barclays PLC

Barclays PLC restated their sell rating on shares of Internationa Flavors & Fragrances, Inc. (NYSE:IFF) in a research report report published on Friday, May 12th.

A number of other equities research analysts have also weighed in on IFF. Zacks Investment Research raised Internationa Flavors & Fragrances from a hold rating to a buy rating and set a $155.00 target price for the company in a research report on Monday, May 1st. Vertical Group lowered Internationa Flavors & Fragrances from a buy rating to a hold rating in a research report on Tuesday, May 9th. Vertical Research lowered Internationa Flavors & Fragrances from a buy rating to a hold rating in a research report on Tuesday, May 9th. Stifel Nicolaus boosted their price target on Internationa Flavors & Fragrances from $123.00 to $127.00 and gave the stock a hold rating in a research report on Monday, March 27th. Finally, Deutsche Bank AG boosted their price target on Internationa Flavors & Fragrances from $125.00 to $132.00 and gave the stock a hold rating in a research report on Wednesday, May 10th. Two analysts have rated the stock with a sell rating, eleven have assigned a hold rating and four have given a buy rating to the company. The stock currently has an average rating of Hold and a consensus target price of $139.83.

Internationa Flavors & Fragrances (NYSE IFF) traded down 0.38% during midday trading on Friday, hitting $134.58. The stock had a trading volume of 1,135,356 shares. The firm has a market cap of $10.63 billion, a price-to-earnings ratio of 26.77 and a beta of 1.07. Internationa Flavors & Fragrances has a 52 week low of $113.16 and a 52 week high of $143.64. The firm has a 50 day moving average of $136.17 and a 200 day moving average of $127.30.

Internationa Flavors & Fragrances (NYSE:IFF) last announced its earnings results on Monday, May 8th. The specialty chemicals company reported $1.52 EPS for the quarter, topping the Zacks’ consensus estimate of $1.51 by $0.01. Internationa Flavors & Fragrances had a return on equity of 26.75% and a net margin of 12.72%. The firm had revenue of $828.30 million during the quarter, compared to analysts’ expectations of $833.73 million. During the same quarter in the previous year, the business earned $1.45 EPS. The company’s quarterly revenue was up 5.7% on a year-over-year basis. Equities research analysts predict 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. Stockholders of record on Monday, June 26th will be paid a $0.64 dividend. This represents a $2.56 annualized dividend and a dividend yield of 1.90%. The ex-dividend date of this dividend is Thursday, June 22nd. Internationa Flavors & Fragrances’s payout ratio is currently 50.89%.

In related news, major shareholder Winder Investment Pte Ltd acquired 36,500 shares of Internationa Flavors & Fragrances stock in a transaction dated Wednesday, April 19th. The shares were acquired at an average cost of $134.53 per share, for a total transaction of $4,910,345.00. Following the completion of the purchase, the insider now owns 8,716,933 shares in the company, valued at $1,172,688,996.49. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP Francisco Fortanet sold 300 shares of the firm’s stock in a transaction on Wednesday, May 3rd. The shares were sold at an average price of $138.65, for a total value of $41,595.00. Following the completion of the sale, the executive vice president now owns 20,294 shares in the company, valued at $2,813,763.10. The disclosure for this sale can be found here. Over the last quarter, insiders bought 495,140 shares of company stock worth $67,691,529. Insiders own 0.48% of the company’s stock.

A number of hedge funds have recently bought and sold shares of IFF. Municipal Employees Retirement System of Michigan boosted its stake in Internationa Flavors & Fragrances by 0.4% in the third quarter. Municipal Employees Retirement System of Michigan now owns 2,520 shares of the specialty chemicals company’s stock worth $360,000 after buying an additional 10 shares in the last quarter. 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 worth $258,000 after buying an additional 11 shares in the last quarter. Mastrapasqua Asset Management Inc. boosted its stake in Internationa Flavors & Fragrances by 0.3% in the third quarter. Mastrapasqua Asset Management Inc. now owns 8,170 shares of the specialty chemicals company’s stock worth $1,168,000 after buying an additional 25 shares in the last quarter. 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 worth $1,078,000 after buying an additional 30 shares in the last quarter. Finally, 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 worth $194,000 after buying an additional 44 shares in the last quarter. Institutional investors own 86.29% of the company’s stock.

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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