International Flavors & Fragrances (IFF) Getting Somewhat Positive News Coverage, Study Shows

Press coverage about International Flavors & Fragrances (NYSE:IFF) has been trending somewhat positive recently, according to Accern. The research firm identifies positive and negative media coverage by monitoring more than 20 million blog and news sources in real time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores closest to one being the most favorable. International Flavors & Fragrances earned a news sentiment score of 0.10 on Accern’s scale. Accern also gave media stories about the specialty chemicals company an impact score of 45.8949628227941 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the immediate future.

Here are some of the media stories that may have impacted Accern Sentiment Analysis’s rankings:

Shares of International Flavors & Fragrances traded up $1.01, hitting $125.07, during mid-day trading on Thursday, according to Marketbeat Ratings. 1,034,863 shares of the company’s stock traded hands, compared to its average volume of 538,419. The company has a debt-to-equity ratio of 0.94, a quick ratio of 1.79 and a current ratio of 2.75. International Flavors & Fragrances has a 1 year low of $123.22 and a 1 year high of $125.00. The stock has a market capitalization of $9.79 billion, a PE ratio of 21.23, a price-to-earnings-growth ratio of 2.21 and a beta of 1.12.

International Flavors & Fragrances (NYSE:IFF) last posted its earnings results on Monday, May 7th. The specialty chemicals company reported $1.69 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.59 by $0.10. International Flavors & Fragrances had a return on equity of 27.89% and a net margin of 8.83%. The firm had revenue of $930.93 million for the quarter, compared to analysts’ expectations of $911.57 million. During the same period in the previous year, the firm earned $1.52 earnings per share. The business’s revenue was up 12.4% compared to the same quarter last year. research analysts forecast that International Flavors & Fragrances will post 6.24 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, July 6th. Stockholders of record on Monday, June 25th will be paid a dividend of $0.69 per share. The ex-dividend date of this dividend is Friday, June 22nd. This represents a $2.76 annualized dividend and a dividend yield of 2.21%. International Flavors & Fragrances’s dividend payout ratio (DPR) is presently 46.86%.

Several analysts have weighed in on the company. Evercore ISI upgraded International Flavors & Fragrances from an “in-line” rating to an “outperform” rating in a research report on Wednesday, January 17th. Zacks Investment Research upgraded International Flavors & Fragrances from a “hold” rating to a “buy” rating and set a $159.00 price objective for the company in a research report on Wednesday, April 18th. KeyCorp lowered their price objective on International Flavors & Fragrances from $162.00 to $156.00 and set an “overweight” rating for the company in a research report on Friday, February 16th. Deutsche Bank lowered their price objective on International Flavors & Fragrances from $150.00 to $147.00 and set a “hold” rating for the company in a research report on Thursday, February 15th. Finally, JPMorgan Chase downgraded International Flavors & Fragrances from a “neutral” rating to an “underweight” rating and lowered their price objective for the company from $140.00 to $130.00 in a research report on Friday, March 16th. Three analysts have rated the stock with a sell rating, five have issued a hold rating and five have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus price target of $147.56.

In related news, EVP Francisco Fortanet sold 800 shares of the company’s stock in a transaction on Wednesday, April 18th. The stock was sold at an average price of $142.28, for a total value of $113,824.00. Following the sale, the executive vice president now directly owns 17,582 shares of the company’s stock, valued at $2,501,566.96. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, EVP Anne Chwat sold 3,000 shares of the company’s stock in a transaction on Tuesday, May 15th. The stock was sold at an average price of $125.90, for a total value of $377,700.00. Following the completion of the sale, the executive vice president now directly owns 34,561 shares in the company, valued at $4,351,229.90. The disclosure for this sale can be found here. Insiders have bought 780,727 shares of company stock worth $101,953,411 over the last three months. Insiders own 0.48% of the company’s stock.

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.

Insider Buying and Selling by Quarter for International Flavors & Fragrances (NYSE:IFF)

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