Weekly Research Analysts’ Ratings Updates for International Flavors & Fragrances (IFF)

A number of research firms have changed their ratings and price targets for International Flavors & Fragrances (NYSE: IFF):

• 8/15/2024 – International Flavors & Fragrances had its price target lowered by analysts at UBS Group AG from $107.00 to $103.00. They now have a “neutral” rating on the stock.
• 8/8/2024 – International Flavors & Fragrances had its price target raised by analysts at JPMorgan Chase & Co. from $100.00 to $102.00. They now have an “overweight” rating on the stock.
• 8/8/2024 – International Flavors & Fragrances had its price target raised by analysts at Wells Fargo & Company from $110.00 to $115.00. They now have an “overweight” rating on the stock.
• 8/7/2024 – International Flavors & Fragrances had its price target raised by analysts at UBS Group AG from $100.00 to $107.00. They now have a “neutral” rating on the stock.
• 7/22/2024 – International Flavors & Fragrances was upgraded by analysts at Stifel Nicolaus from a “hold” rating to a “buy” rating. They now have a $115.00 price target on the stock, up previously from $95.00.
• 7/12/2024 – International Flavors & Fragrances had its price target raised by analysts at Citigroup Inc. from $108.00 to $116.00. They now have a “buy” rating on the stock.
• 7/9/2024 – International Flavors & Fragrances had its price target raised by analysts at UBS Group AG from $95.00 to $100.00. They now have a “neutral” rating on the stock.
• 7/3/2024 – International Flavors & Fragrances had its price target raised by analysts at Morgan Stanley from $100.00 to $103.00. They now have an “equal weight” rating on the stock.

International Flavors & Fragrances Stock Up 0.2 %

Shares of NYSE:IFF traded up $0.18 during midday trading on Thursday, reaching $100.43. 1,098,741 shares of the company were exchanged, compared to its average volume of 1,810,314. International Flavors & Fragrances Inc. has a fifty-two week low of $62.28 and a fifty-two week high of $101.89. The company has a quick ratio of 1.05, a current ratio of 1.68 and a debt-to-equity ratio of 0.64. The stock has a fifty day simple moving average of $96.77 and a two-hundred day simple moving average of $90.04. The firm has a market cap of $25.64 billion, a PE ratio of -10.28, a P/E/G ratio of 1.95 and a beta of 1.26.

International Flavors & Fragrances (NYSE:IFF) last issued its quarterly earnings data on Tuesday, August 6th. The specialty chemicals company reported $1.16 EPS for the quarter, topping analysts’ consensus estimates of $1.01 by $0.15. International Flavors & Fragrances had a negative net margin of 22.01% and a positive return on equity of 5.78%. The business had revenue of $2.89 billion for the quarter, compared to analyst estimates of $2.83 billion. During the same period last year, the business posted $0.86 earnings per share. The firm’s quarterly revenue was down 1.4% on a year-over-year basis. As a group, sell-side analysts forecast that International Flavors & Fragrances Inc. will post 3.98 earnings per share for the current year.

International Flavors & Fragrances Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, October 9th. Shareholders of record on Friday, September 20th will be paid a $0.40 dividend. The ex-dividend date is Friday, September 20th. This represents a $1.60 annualized dividend and a yield of 1.59%. International Flavors & Fragrances’s payout ratio is currently -16.38%.

Insider Buying and Selling at International Flavors & Fragrances

In other International Flavors & Fragrances news, insider Angela Strzelecki sold 2,588 shares of International Flavors & Fragrances stock in a transaction on Thursday, June 13th. The shares were sold at an average price of $95.66, for a total value of $247,568.08. Following the sale, the insider now directly owns 8,539 shares in the company, valued at approximately $816,840.74. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 0.20% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the company. Riverview Trust Co acquired a new position in shares of International Flavors & Fragrances during the 1st quarter worth about $27,000. Quent Capital LLC increased its stake in shares of International Flavors & Fragrances by 183.2% during the 1st quarter. Quent Capital LLC now owns 371 shares of the specialty chemicals company’s stock worth $32,000 after purchasing an additional 240 shares during the last quarter. Family Firm Inc. acquired a new position in shares of International Flavors & Fragrances during the 2nd quarter worth about $38,000. MCF Advisors LLC increased its stake in shares of International Flavors & Fragrances by 1,856.0% during the 2nd quarter. MCF Advisors LLC now owns 489 shares of the specialty chemicals company’s stock worth $47,000 after purchasing an additional 464 shares during the last quarter. Finally, Headlands Technologies LLC bought a new stake in shares of International Flavors & Fragrances during the 2nd quarter worth about $48,000. 96.02% of the stock is currently owned by institutional investors and hedge funds.

International Flavors & Fragrances Inc, together with its subsidiaries, manufactures and sells cosmetic active and natural health ingredients for use in various consumer products in the United States, Europe, and internationally. It operates through four segments: Nourish, Health & Biosciences, Scent, and Pharma Solutions.