International Flavors & Fragrances (NYSE:IFF) Price Target Cut to $87.00 by Analysts at Mizuho

International Flavors & Fragrances (NYSE:IFF - Free Report) had its target price decreased by Mizuho from $95.00 to $87.00 in a research report report published on Tuesday,Benzinga reports. Mizuho currently has an outperform rating on the specialty chemicals company's stock.

Several other research firms also recently weighed in on IFF. Barclays reduced their price objective on shares of International Flavors & Fragrances from $82.00 to $76.00 and set an "equal weight" rating for the company in a report on Monday, April 14th. Stifel Nicolaus dropped their target price on International Flavors & Fragrances from $105.00 to $91.00 and set a "buy" rating on the stock in a report on Thursday, April 10th. Wells Fargo & Company decreased their price target on International Flavors & Fragrances from $105.00 to $90.00 and set an "overweight" rating for the company in a research note on Wednesday, April 9th. Bank of America dropped 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. Finally, JPMorgan Chase & Co. lowered their target price on International Flavors & Fragrances from $107.00 to $104.00 and set an "overweight" rating on the stock in a report on Thursday, February 20th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and eleven have assigned a buy rating to the company's stock. According to data from MarketBeat.com, International Flavors & Fragrances currently has a consensus rating of "Moderate Buy" and a consensus price target of $95.69.

International Flavors & Fragrances Stock Performance

Shares of NYSE IFF traded up $2.27 during mid-day trading on Tuesday, hitting $73.33. The company had a trading volume of 3,005,265 shares, compared to its average volume of 1,527,877. The stock has a market cap of $18.75 billion, a price-to-earnings ratio of 78.01, a PEG ratio of 1.45 and a beta of 1.21. The firm's 50 day simple moving average is $78.18 and its two-hundred day simple moving average is $86.35. 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 12 month low of $65.85 and a 12 month high of $106.77.

International Flavors & Fragrances (NYSE:IFF - Get Free Report) last issued its quarterly earnings data on Tuesday, February 18th. The specialty chemicals company reported $0.97 earnings per share for the quarter, beating the consensus estimate 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. As a group, equities research 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 disclosed a quarterly dividend, which was paid on Friday, April 11th. Investors of record on Friday, March 21st were issued a dividend of $0.40 per share. The ex-dividend date was Friday, March 21st. This represents a $1.60 annualized dividend and a dividend yield of 2.18%. International Flavors & Fragrances's dividend payout ratio is 170.21%.

Insiders Place Their Bets

In other International Flavors & Fragrances news, Director Kevin O'byrne bought 6,500 shares of the stock in a transaction on Wednesday, March 5th. The shares were purchased at an average cost of $80.44 per share, with a total value 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 $522,860. This represents a ∞ increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders own 0.20% of the company's stock.

Institutional Trading of International Flavors & Fragrances

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Freemont Capital Pte Ltd acquired a new position in International Flavors & Fragrances in the fourth quarter worth about $2,143,882,000. Norges Bank acquired a new stake in International Flavors & Fragrances in the 4th quarter valued at $452,363,000. Dodge & Cox lifted its holdings in shares of International Flavors & Fragrances by 11.9% during the fourth quarter. Dodge & Cox now owns 31,437,763 shares of the specialty chemicals company's stock valued at $2,658,063,000 after acquiring an additional 3,355,381 shares during the period. Van ECK Associates Corp increased its position in shares of International Flavors & Fragrances by 41.6% during the 4th quarter. Van ECK Associates Corp now owns 5,664,250 shares of the specialty chemicals company's stock worth $478,912,000 after purchasing an additional 1,663,629 shares in the last quarter. Finally, Nordea Investment Management AB grew its stake in International Flavors & Fragrances by 25.7% during the fourth quarter. Nordea Investment Management AB now owns 5,489,741 shares of the specialty chemicals company's stock worth $464,926,000 after buying an additional 1,121,414 shares during the last quarter. 96.02% of the stock is currently owned by institutional investors and hedge funds.

International Flavors & Fragrances Company Profile

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.