Kevin O'byrne Buys 6,500 Shares of International Flavors & Fragrances Inc. (NYSE:IFF) Stock

International Flavors & Fragrances Inc. (NYSE:IFF - Get Free Report) Director Kevin O'byrne purchased 6,500 shares of the firm's stock in a transaction on Wednesday, March 5th. The shares were purchased at an average price of $80.44 per share, with a total value of $522,860.00. Following the completion of the acquisition, the director now directly owns 6,500 shares of the company's stock, valued at approximately $522,860. This trade represents a ∞ increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link.

International Flavors & Fragrances Stock Down 2.6 %

Shares of NYSE IFF traded down $2.11 during trading on Monday, reaching $80.41. The company had a trading volume of 1,728,998 shares, compared to its average volume of 1,466,716. The stock has a market cap of $20.56 billion, a PE ratio of 85.54, a P/E/G ratio of 1.45 and a beta of 1.21. International Flavors & Fragrances Inc. has a 12-month low of $78.64 and a 12-month high of $106.77. The company has a quick ratio of 1.93, a current ratio of 1.84 and a debt-to-equity ratio of 0.54. The business's 50-day moving average is $83.80 and its 200 day moving average is $92.26.

International Flavors & Fragrances (NYSE:IFF - Get Free Report) last released its earnings results on Tuesday, February 18th. The specialty chemicals company reported $0.97 EPS for the quarter, topping 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 analysts forecast that International Flavors & Fragrances Inc. will post 4.32 earnings per share for the current fiscal year.

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International Flavors & Fragrances Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, April 11th. Stockholders of record on Friday, March 21st will be issued a $0.40 dividend. 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 1.99%. International Flavors & Fragrances's dividend payout ratio is presently 170.21%.

Wall Street Analyst Weigh In

A number of analysts have weighed in on the company. Cfra cut International Flavors & Fragrances from a "buy" rating to a "sell" rating and set a $77.00 price target on the stock. in a research report on Thursday, February 20th. Citigroup cut their target price on International Flavors & Fragrances from $110.00 to $105.00 and set a "buy" rating on the stock in a research note on Wednesday, December 18th. JPMorgan Chase & Co. dropped their target price on shares of International Flavors & Fragrances from $107.00 to $104.00 and set an "overweight" rating on the stock in a report on Thursday, February 20th. Wells Fargo & Company decreased their price target on shares of International Flavors & Fragrances from $115.00 to $105.00 and set an "overweight" rating for the company in a research note on Thursday, February 20th. Finally, Argus raised International Flavors & Fragrances from a "hold" rating to a "buy" rating in a research report on Tuesday, January 7th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and twelve have given a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $103.50.

Institutional Investors Weigh In On International Flavors & Fragrances

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

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.