International Flavors & Fragrances Inc. (NYSE:IFF) Director Kevin O’byrne Purchases 6,500 Shares

International Flavors & Fragrances Inc. (NYSE:IFF) Director Kevin O’byrne bought 6,500 shares of the firm’s stock in a transaction that occurred on Wednesday, March 5th. The stock was bought at an average cost of $80.44 per share, for a total transaction of $522,860.00. Following the completion of the transaction, the director now directly owns 6,500 shares of the company’s stock, valued at approximately $522,860. The trade was a ∞ increase in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link.

International Flavors & Fragrances Price Performance

IFF stock opened at $82.08 on Friday. The company has a quick ratio of 1.93, a current ratio of 1.84 and a debt-to-equity ratio of 0.54. International Flavors & Fragrances Inc. has a 52-week low of $77.33 and a 52-week high of $106.77. The stock’s 50 day moving average is $83.90 and its two-hundred day moving average is $92.54. The company has a market capitalization of $20.99 billion, a PE ratio of 87.32, a P/E/G ratio of 1.45 and a beta of 1.21.

International Flavors & Fragrances (NYSE:IFF) last posted its quarterly earnings data on Tuesday, February 18th. The specialty chemicals company reported $0.97 EPS for the quarter, beating analysts’ consensus estimates of $0.83 by $0.14. International Flavors & Fragrances had a net margin of 2.12% and a return on equity of 7.72%. The firm had revenue of $2.77 billion for the quarter, compared to the consensus estimate of $2.67 billion. Analysts predict that International Flavors & Fragrances Inc. will post 4.32 earnings per share for the current fiscal year.

International Flavors & Fragrances Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, April 11th. Shareholders of record on Friday, March 21st will be issued a dividend of $0.40 per share. The ex-dividend date of this dividend is Friday, March 21st. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.95%. International Flavors & Fragrances’s dividend payout ratio (DPR) is 170.21%.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of IFF. Sumitomo Mitsui Trust Group Inc. boosted its stake in International Flavors & Fragrances by 1.2% in the third quarter. Sumitomo Mitsui Trust Group Inc. now owns 615,006 shares of the specialty chemicals company’s stock valued at $64,533,000 after acquiring an additional 7,553 shares during the period. Compagnie Lombard Odier SCmA increased its position in International Flavors & Fragrances by 11.1% in the fourth quarter. Compagnie Lombard Odier SCmA now owns 114,179 shares of the specialty chemicals company’s stock worth $9,654,000 after buying an additional 11,406 shares during the period. Choreo LLC increased its position in International Flavors & Fragrances by 55.7% in the fourth quarter. Choreo LLC now owns 24,401 shares of the specialty chemicals company’s stock worth $2,055,000 after buying an additional 8,728 shares during the period. Covea Finance increased its position in International Flavors & Fragrances by 79.0% in the fourth quarter. Covea Finance now owns 123,090 shares of the specialty chemicals company’s stock worth $10,407,000 after buying an additional 54,340 shares during the period. Finally, U.S. Capital Wealth Advisors LLC acquired a new stake in International Flavors & Fragrances in the fourth quarter worth $7,508,000. 96.02% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on IFF shares. Wells Fargo & Company decreased their target price on shares of International Flavors & Fragrances from $115.00 to $105.00 and set an “overweight” rating on the stock in a research report on Thursday, February 20th. Citigroup dropped their price objective on International Flavors & Fragrances from $110.00 to $105.00 and set a “buy” rating for the company in a report on Wednesday, December 18th. Barclays dropped their price objective on International Flavors & Fragrances from $90.00 to $88.00 and set an “equal weight” rating for the company in a report on Friday, January 17th. Cfra lowered International Flavors & Fragrances from a “buy” rating to a “sell” rating and set a $77.00 price objective on the stock. in a research note on Thursday, February 20th. Finally, Bank of America reduced their price objective on International Flavors & Fragrances from $105.00 to $101.00 and set a “buy” rating on the stock in a research note on Thursday, February 20th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and twelve have issued a buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $103.50.

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.