International Flavors & Fragrances (NYSE:IFF) Reaches New 52-Week Low - Here's What Happened

International Flavors & Fragrances Inc. (NYSE:IFF - Get Free Report)'s stock price reached a new 52-week low during mid-day trading on Friday . The stock traded as low as $77.28 and last traded at $78.00, with a volume of 542947 shares traded. The stock had previously closed at $79.34.

Wall Street Analyst Weigh In

IFF has been the topic of a number of research analyst reports. Oppenheimer lowered their price target on International Flavors & Fragrances from $114.00 to $104.00 and set an "outperform" rating on the stock in a report on Thursday, February 20th. Bank of America dropped their price target on shares of International Flavors & Fragrances from $105.00 to $101.00 and set a "buy" rating on the stock in a research report on Thursday, February 20th. Barclays reduced their price target on shares of International Flavors & Fragrances from $90.00 to $88.00 and set an "equal weight" rating for the company in a research note on Friday, January 17th. JPMorgan Chase & Co. dropped 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. Finally, Citigroup cut their target price on International Flavors & Fragrances from $110.00 to $105.00 and set a "buy" rating for the company in a research report on Wednesday, December 18th. One analyst has rated the stock with a sell rating, three have issued a hold rating and eleven have given a buy rating to the stock. According to MarketBeat, International Flavors & Fragrances currently has an average rating of "Moderate Buy" and a consensus target price of $103.77.

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International Flavors & Fragrances Stock Up 0.1 %

The stock has a fifty day moving average of $83.12 and a 200-day moving average of $90.52. The firm has a market capitalization of $19.85 billion, a price-to-earnings ratio of 82.64, a PEG ratio of 1.45 and a beta of 1.21. The company has a current ratio of 1.84, a quick ratio of 1.93 and a debt-to-equity ratio of 0.54.

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

International Flavors & Fragrances Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, April 11th. Investors of record on Friday, March 21st will be paid a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a yield of 2.06%. The ex-dividend date of this dividend is Friday, March 21st. International Flavors & Fragrances's dividend payout ratio is 170.21%.

Insider Buying and Selling at International Flavors & Fragrances

In other International Flavors & Fragrances news, Director Kevin O'byrne purchased 6,500 shares of the stock in a transaction dated Wednesday, March 5th. The shares were acquired at an average price of $80.44 per share, for a total transaction of $522,860.00. Following the completion of the acquisition, the director now owns 6,500 shares of the company's stock, valued at $522,860. This represents a ∞ increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 0.20% of the company's stock.

Institutional Investors Weigh In On International Flavors & Fragrances

Hedge funds have recently bought and sold shares of the business. UMB Bank n.a. increased its holdings in shares of International Flavors & Fragrances by 8.9% in the 4th quarter. UMB Bank n.a. now owns 1,458 shares of the specialty chemicals company's stock valued at $123,000 after purchasing an additional 119 shares during the period. Arete Wealth Advisors LLC increased its stake in International Flavors & Fragrances by 4.2% in the 3rd quarter. Arete Wealth Advisors LLC now owns 3,061 shares of the specialty chemicals company's stock valued at $321,000 after buying an additional 124 shares during the period. Truist Financial Corp lifted its position in International Flavors & Fragrances by 0.7% in the 4th quarter. Truist Financial Corp now owns 19,908 shares of the specialty chemicals company's stock worth $1,683,000 after buying an additional 129 shares in the last quarter. Wahed Invest LLC boosted its stake in shares of International Flavors & Fragrances by 2.1% during the 4th quarter. Wahed Invest LLC now owns 6,339 shares of the specialty chemicals company's stock valued at $536,000 after buying an additional 130 shares during the period. Finally, United Community Bank increased its stake in shares of International Flavors & Fragrances by 19.4% in the fourth quarter. United Community Bank now owns 925 shares of the specialty chemicals company's stock worth $78,000 after acquiring an additional 150 shares during the last quarter. 96.02% of the stock is owned by hedge funds and other institutional investors.

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.